Stock market update: Power stocks down as market falls

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

Inox wind(up 9.64%), Reliance Power(up 3.03%), Hitachi Energy India(up 2.31%), Indowind Energy(up 2.17%), Adani Power(up 2.06%), Adani Transmissions(up 0.81%), Karma Energy(up 0.66%), Power Grid Corporation of India(up 0.58%), Jyoti Structures(up 0.32%) and KEC International(up 0.21%) stood among the top gainers.

PIGL(down 4.94%), Voltamp Transformers(down 4.63%),

Limited(down 4.13%), RTNPOWER(down 3.85%), JSW Energy(down 2.98%), Inox Wind Energy(down 2.81%), Tata Power Company(down 2.73%), Orient Green Power Company(down 2.65%), Suzlon Energy(down 2.34%) and Energy Development Company(down 2.33%) were among the top losers of the day.

The NSE Nifty50 index ended 147.15 points down at 16483.85, while the 30-share BSE Sensex closed down 497.73 points at 55268.49.

Bajaj Finserv(up 5.5%), JSW Steel(up 2.09%), Grasim Industries(up 1.09%), Bharti Airtel(up 0.84%), Coal India(up 0.7%), Bajaj Finance(up 0.6%), Power Grid Corporation of India(up 0.58%), ITC(up 0.45%), Bharat Petroleum Corporation(up 0.41%) and UltraTech Cement(up 0.26%) stood among the top gainers in the Nifty pack.

On the other hand, Infosys(down 3.49%), Hindustan Unilever(down 2.92%), Axis Bank(down 2.87%), Dr Reddys Laboratories(down 2.74%), Bajaj Auto(down 2.38%), Divis Laboratories(down 2.31%), Wipro(down 2.31%), TATA CONSUMER PRODUCTS(down 2.12%), Eicher Motors(down 2.05%) and Britannia Industries(down 2.03%) closed in the red.

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