Stock market update: Power stocks up as market falls

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

CESC(up 5.65%), Energy Development Company(up 4.81%), Tata Power Company(up 4.72%), Voltamp Transformers(up 4.68%), PTC India(up 3.85%), Indowind Energy(up 2.34%), DPSC(up 2.27%), NHPC(up 1.88%), Adani Transmissions(up 1.82%) and JSW Energy(up 1.26%) stood among the top gainers.

K.P.I. Global Infras(down 2.79%), Power Grid Corporation of India(down 2.64%), Torrent Power(down 2.20%), Orient Green Power Company(down 1.59%), Jyoti Structures(down 1.32%), Adani Power(down 1.22%), Jaiprakash Power Ventures(down 1.14%), Inox wind(down 1.11%), Transformers and Rectifiers(India)(down 1.10%) and Karma Energy(down 0.83%) were among the top losers of the day.

The NSE Nifty50 index ended 93.15 points down at 17618.15, while the 30-share BSE Sensex closed down 286.91 points at 59126.36.

Bajaj Finance(up 2.03%), Bajaj Finserv(up 2.02%), Tata Motors(up 0.94%), Sun Pharmaceutical Industries(up 0.86%), NTPC(up 0.85%), SBI Life(up 0.76%), Titan Company Ltd(up 0.67%), Hindustan Unilever(up 0.61%), HDFC(up 0.29%) and HDFC Bank(up 0.07%) stood among the top gainers in the Nifty pack.

On the other hand, Power Grid Corporation of India(down 2.64%), Asian Paints(down 2.36%), Axis Bank(down 1.99%), Eicher Motors(down 1.87%), Hero MotoCorp(down 1.86%), Bajaj Auto(down 1.71%), Indian Oil Corporation(down 1.69%), JSW Steel(down 1.69%), HDFC LIFE INSURANCE(down 1.68%) and Shree Cement(down 1.64%) closed in the red.

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