Power Sector Surges Amid Market Downturn: JSW Energy Leads the Charge

In a surprising turn of events, power stocks defied the overall market trend, showing significant gains as the broader market declined. JSW Energy emerged as the top performer, soaring 4.70% after securing a major contract for a 1,600 MW thermal power plant. Other notable gainers included ACME Solar Holdings and Ravindra Energy, both up by 7.02% and 5.00% respectively. This sector-specific rally highlights the resilience of power stocks in the face of market volatility, potentially driven by increased energy demand and favorable government policies.

Source: The Economic Times