Stock market update: Power stocks down as market rises

NEW DELHI: Power stocks were trading lower on Monday at 11:01AM

KEC International(up 7.02%), Indowind Energy(up 4.52%), NLC India(up 2.91%), Inox wind(up 2.51%), K.P.I. Global Infras(up 1.44%), PTC India(up 0.66%), NTPC(up 0.48%) and Adani Transmissions(up 0.39%) were among the top gainers.

KKV Agro(down 23.90%), ABBPP&SLTD(down 6.57%), Adani Power(down 5.00%), Jyoti Structures(down 5.00%), Orient Green Power Company(down 4.60%), Indo Tech Transformers(down 4.39%), Jaiprakash Power Ventures(down 4.08%), Voltamp Transformers(down 3.23%), Tata Power Company(down 3.13%) and Alstom T&D India(down 3.01%) were among the top losers.

The NSE Nifty50 index was trading 8.4 points down at 18106.5, while the 30-share BSE Sensex was up 57.62 points at 60879.24 at around 11:01AM.

ICICI Bank(up 10.88%), Axis Bank(up 4.32%), Oil & Natural Gas Corporation(up 2.1%), State Bank of India(up 1.8%), Cipla(up 1.51%), Mahindra & Mahindra(up 1.06%), Tata Steel(up 0.98%), JSW Steel(up 0.73%), Hindalco Industries(up 0.57%) and Coal India(up 0.45%) were among the top gainers in the Nifty pack.

On the other hand, HDFC Bank(down 2.48%), HCL Technologies(down 2.41%), Wipro(down 2.18%), Eicher Motors(down 2.09%), Bajaj Auto(down 2.02%), Asian Paints(down 1.98%), Tata Motors(down 1.98%), SBI Life(down 1.8%), IndusInd Bank(down 1.76%) and Divis Laboratories(down 1.72%) were trading in the red.

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