Stock market update: Power stocks down as market falls

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

KKV Agro(up 5.00%), Energy Development Company(up 4.93%), Indowind Energy(up 4.90%), NTL(up 4.76%), Orient Green Power Company(up 4.69%), PTC India(up 3.32%), Karma Energy(up 3.06%), Tata Power Company(up 2.21%), ABBPP&SLTD(up 2.09%) and Voltamp Transformers(up 1.88%) stood among the top gainers.

Inox wind(down 4.56%), JSW Energy(down 3.60%), K.P.I. Global Infras(down 3.57%), Adani Power(down 2.30%), Jaiprakash Power Ventures(down 2.22%), NHPC(down 2.21%), SJVN(down 2.05%), RTNPOWER(down 1.28%), Gujarat Industries Power(down 1.27%) and Jyoti Structures(down 1.11%) were among the top losers of the day.

The NSE Nifty50 index ended 100.55 points down at 17898.65, while the 30-share BSE Sensex closed down 314.04 points at 60008.33.

SBI Life(up 2.97%), Maruti Suzuki(up 2.79%), Asian Paints(up 2.49%), Tata Motors(up 2.14%), Power Grid Corporation of India(up 1.84%), ITC(up 1.72%), NTPC(up 1.6%), IndusInd Bank(up 1.28%), Tech Mahindra(up 1.16%) and Bajaj Finance(up 0.69%) stood among the top gainers in the Nifty pack.

On the other hand, UPL Ltd(down 3.13%), Reliance Industries(down 2.14%), Britannia Industries(down 2.05%), Indian Oil Corporation(down 1.95%), Axis Bank(down 1.9%), Coal India(down 1.85%), Divis Laboratories(down 1.83%), Cipla(down 1.78%), Grasim Industries(down 1.67%) and Shree Cement(down 1.59%) closed in the red.

Source Link