Stock market update: Power stocks down as market rises

NEW DELHI: Power shares closed higher in the Monday’s session.

ABBPP&SLTD(up 7.32%), Indowind Energy(up 5.00%), K.P.I. Global Infras(up 5.00%), Energy Development Company(up 4.63%), Orient Green Power Company(up 4.27%), Power Grid Corporation of India(up 3.46%), NTL(up 2.56%), Indo Tech Transformers(up 1.33%), KEC International(up 1.31%) and Torrent Power(up 1.14%) stood among the top gainers.

Jaiprakash Power Ventures(down 8.51%), Transformers and Rectifiers(India)(down 5.93%), PIGL(down 4.93%), Karma Energy(down 4.78%), Jyoti Structures(down 3.58%), Voltamp Transformers(down 3.31%), SJVN(down 3.20%), Adani Transmissions(down 2.64%), Alstom T&D India(down 2.54%) and RTNPOWER(down 2.50%) were among the top losers of the day.

The NSE Nifty50 index ended 6.7 points up at 18109.45, while the 30-share BSE Sensex closed up 32.02 points at 60718.71.

Power Grid Corporation of India(up 3.46%), Cipla(up 2.42%), ITC(up 2.23%), Oil & Natural Gas Corporation(up 2.04%), UPL Ltd(up 1.88%), Nestle India(up 1.75%), Britannia Industries(up 1.48%), Asian Paints(up 1.47%), Divis Laboratories(up 1.32%) and Kotak Mahindra Bank(up 1.09%) stood among the top gainers in the Nifty pack.

On the other hand, Coal India(down 4.31%), Tata Steel(down 3.25%), Hindalco Industries(down 2.7%), JSW Steel(down 1.47%), Eicher Motors(down 1.42%), SBI Life(down 1.28%), Shree Cement(down 1.06%), Mahindra & Mahindra(down 1.0%), State Bank of India(down 0.94%) and Bajaj Auto(down 0.93%) closed in the red.

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