Stock market update: Power stocks down as market rises

NEW DELHI: Power stocks were trading lower on Monday at 11:21AM

Indowind Energy(up 4.88%) and Orient Green Power Company(up 4.52%) were among the top gainers.

Jaiprakash Power Ventures(down 6.32%), K.P.I. Global Infras(down 5.00%), Energy Development Company(down 4.86%), Jyoti Structures(down 4.72%), Adani Transmissions(down 4.51%), NLC India(down 4.31%), Inox wind(down 4.17%), Reliance Power(down 4.06%), RTNPOWER(down 4.05%) and JSW Energy(down 3.93%) were among the top losers.

The NSE Nifty50 index was trading 98.65 points up at 17125.1, while the 30-share BSE Sensex was up 407.66 points at 57514.81 at around 11:21AM.

Reliance Industries(up 3.37%), Hindalco Industries(up 3.15%), HCL Technologies(up 2.8%), Tata Consultancy(up 1.93%), Tata Steel(up 1.79%), Tata Motors(up 1.62%), Dr Reddys Laboratories(up 1.49%), Bajaj Finance(up 1.43%), Bajaj Finserv(up 1.36%) and Kotak Mahindra Bank(up 1.2%) were among the top gainers in the Nifty pack.

On the other hand, Adani Ports & Special Economic Zone(down 2.84%), Hero MotoCorp(down 2.39%), Oil & Natural Gas Corporation(down 2.04%), Bharat Petroleum Corporation(down 1.51%), UPL Ltd(down 1.31%), Nestle India(down 1.31%), Shree Cement(down 1.21%), Indian Oil Corporation(down 1.16%), Britannia Industries(down 1.02%) and Hindustan Unilever(down 0.9%) were trading in the red.

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