Stock market update: Power stocks up as market falls

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

Voltamp Transformers(up 5.35%), K.P.I. Global Infras(up 4.99%), Adani Power(up 4.98%), Indowind Energy(up 4.63%), Transformers and Rectifiers(India)(up 3.68%), Tata Power Company(up 3.13%), Orient Green Power Company(up 3.03%), RTNPOWER(up 2.60%), SJVN(up 2.34%) and NHPC(up 2.03%) stood among the top gainers.

PIGL(down 4.96%), NTL(down 4.44%), Karma Energy(down 2.70%), Inox wind(down 2.27%), GE Power India Limited(down 1.66%), KEC International(down 1.65%), Suzlon Energy(down 1.39%), Power Grid Corporation of India(down 1.37%), NTPC(down 1.28%) and NLC India(down 0.97%) were among the top losers of the day.

The NSE Nifty50 index ended 24.3 points down at 18044.25, while the 30-share BSE Sensex closed down 112.16 points at 60433.45.

Mahindra & Mahindra(up 3.8%), Tata Motors(up 1.65%), Hero MotoCorp(up 1.17%), State Bank of India(up 1.13%), Oil & Natural Gas Corporation(up 1.13%), Divis Laboratories(up 1.12%), Larsen & Toubro(up 0.99%), Adani Ports & Special Economic Zone(up 0.94%), ICICI Bank(up 0.82%) and Grasim Industries(up 0.81%) stood among the top gainers in the Nifty pack.

On the other hand, Britannia Industries(down 2.58%), HDFC Bank(down 1.75%), Maruti Suzuki(down 1.39%), Power Grid Corporation of India(down 1.37%), JSW Steel(down 1.34%), NTPC(down 1.28%), HDFC(down 1.27%), Bajaj Finance(down 1.25%), Hindalco Industries(down 1.11%) and Kotak Mahindra Bank(down 1.02%) closed in the red.

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