Stock market update: Power stocks down as market falls

NEW DELHI: Power shares closed lower in the Thursday’s session.

PTC India(up 5.32%), Indowind Energy(up 4.97%), Adani Transmissions(up 4.64%), Reliance Power(up 3.26%), RTNPOWER(up 2.41%), Adani Power(up 1.90%), ADANIGREEN(up 1.68%), Suzlon Energy(up 1.43%), Energy Development Company(up 1.42%) and Kalpataru Power Transmission(up 1.39%) stood among the top gainers.

Jyoti Structures(down 4.32%), Orient Green Power Company(down 4.21%), NTL(down 4.17%), Karma Energy(down 4.09%), NHPC(down 3.72%), Indo Tech Transformers(down 3.65%), NLC India(down 3.55%), DPSC(down 2.69%), SJVN(down 2.67%) and Gujarat Industries Power(down 2.22%) were among the top losers of the day.

The NSE Nifty50 index ended 88.5 points down at 18178.1, while the 30-share BSE Sensex closed down 336.46 points at 60923.5.

Kotak Mahindra Bank(up 6.37%), Tata Motors(up 4.33%), Grasim Industries(up 3.15%), Bharat Petroleum Corporation(up 2.26%), HDFC(up 1.75%), Divis Laboratories(up 1.51%), ICICI Bank(up 1.29%), NTPC(up 1.13%), Coal India(up 1.05%) and Indian Oil Corporation(up 0.84%) stood among the top gainers in the Nifty pack.

On the other hand, Asian Paints(down 5.29%), Hindalco Industries(down 3.74%), Reliance Industries(down 2.88%), Infosys(down 2.7%), Dr Reddys Laboratories(down 2.15%), Tata Steel(down 2.13%), Tata Consultancy(down 2.12%), Hero MotoCorp(down 2.1%), Adani Ports & Special Economic Zone(down 1.96%) and HCL Technologies(down 1.8%) closed in the red.

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