The power sector is benefitting from a rotation of funds by high net worth and retail investors to the sectors where valuation comfort is highest. The strength of the move in the BSE Power index is reflected in the fact that it made an 11-year breakout on the daily charts.

There are many things which associates are looking for; career growth. Are they able to up skill themselves? Are they able to migrate between technology or functional areas? Are they able to get deeper expertise or not?​

On the technical charts, the RSI of the stock stood at 56.79.

A total of 9,742 shares changed hands on the counter till time (IST).

Analysts suggested that demand in rural as well as in urban areas will revive during the festive period, which tends to bring in close to 25-30 per cent of automobile companies’ revenues in a normal year.

"It is good to carry a mix of both debt and equity rather than carrying only equity and a balanced approach to investing would be a better option. "

PSE index rose for the second consecutive day with Power stocks hogging the limelight. As the gap between growth and value stocks widens, we are witnessing sectoral rotation in several pockets.

Lower global production caused the crumbling down of inventories in key consumers like the US and Europe.

The 30-share BSE Sensex closed down 254.33 points at 59413.27

The company shareholders have given their approval for the creation of the new unit on September 28 during the course of the 36th annual general meeting.