Stock market update: Power stocks down as market falls

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

Inox wind(up 5.84%), Jyoti Structures(up 4.96%), Energy Development Company(up 3.48%), Voltamp Transformers(up 2.92%), NTL(up 2.56%), Torrent Power(up 2.28%), NLC India(up 1.76%), Indo Tech Transformers(up 1.61%), Alstom T&D India(up 0.87%) and ADANIGREEN(up 0.50%) stood among the top gainers.

K.P.I. Global Infras(down 4.83%), Reliance Power(down 4.73%), Indowind Energy(down 4.61%), RTNPOWER(down 3.80%), NTPC(down 3.42%), Adani Power(down 2.85%), CESC(down 2.30%), Orient Green Power Company(down 2.30%), Karma Energy(down 2.07%) and Kalpataru Power Transmission(down 1.85%) were among the top losers of the day.

The NSE Nifty50 index ended 185.6 points down at 17671.65, while the 30-share BSE Sensex closed down 677.77 points at 59306.93.

UltraTech Cement(up 2.54%), Dr Reddys Laboratories(up 1.95%), Shree Cement(up 1.57%), Maruti Suzuki(up 1.53%), Cipla(up 1.49%), UPL Ltd(up 1.41%), Tata Steel(up 1.26%), Grasim Industries(up 1.1%), Adani Ports & Special Economic Zone(up 0.71%) and Divis Laboratories(up 0.57%) stood among the top gainers in the Nifty pack.

On the other hand, Tech Mahindra(down 3.62%), NTPC(down 3.42%), Kotak Mahindra Bank(down 3.21%), IndusInd Bank(down 3.04%), Larsen & Toubro(down 2.62%), Reliance Industries(down 2.4%), Axis Bank(down 2.16%), Infosys(down 2.12%), HDFC(down 1.93%) and Hindalco Industries(down 1.92%) closed in the red.

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