Stock market update: Power stocks up as market rises

NEW DELHI: Power shares closed higher in the Monday’s session.

Indowind Energy(up 4.85%), Orient Green Power Company(up 4.21%), Inox wind(up 3.70%), Alstom T&D India(up 3.27%), NHPC(up 3.23%), Energy Development Company(up 2.78%), Torrent Power(up 2.73%), NTPC(up 2.30%), Power Grid Corporation of India(up 2.22%) and ADANIGREEN(up 2.13%) stood among the top gainers.

JSW Energy(down 4.57%), NTL(down 4.26%), Jyoti Structures(down 4.23%), GE Power India Limited(down 2.61%), K.P.I. Global Infras(down 2.42%), Transformers and Rectifiers(India)(down 1.55%), Reliance Power(down 1.40%), RTNPOWER(down 1.28%), Adani Power(down 0.85%) and PTC India(down 0.82%) were among the top losers of the day.

The NSE Nifty50 index ended 151.75 points up at 18068.55, while the 30-share BSE Sensex closed up 477.99 points at 60545.61.

Titan Company Ltd(up 4.32%), Indian Oil Corporation(up 4.31%), UltraTech Cement(up 4.23%), Bajaj Finserv(up 4.12%), Tech Mahindra(up 3.34%), Grasim Industries(up 3.2%), Kotak Mahindra Bank(up 3.01%), Bharat Petroleum Corporation(up 2.86%), HDFC(up 2.75%) and Tata Motors(up 2.39%) stood among the top gainers in the Nifty pack.

On the other hand, IndusInd Bank(down 10.76%), Divis Laboratories(down 5.98%), Mahindra & Mahindra(down 1.53%), State Bank of India(down 1.36%), Maruti Suzuki(down 0.81%), Asian Paints(down 0.67%), Hindalco Industries(down 0.59%), Axis Bank(down 0.25%), ICICI Bank(down 0.25%) and Tata Consultancy(down 0.17%) closed in the red.

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