Stock market update: Power stocks up as market falls

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

Suzlon Energy(up 7.55%), Hitachi Energy India(up 5.66%), Reliance Power(up 5.00%), Voltamp Transformers(up 4.93%), Energy Development Company(up 4.79%), Orient Green Power Company(up 4.65%), Indowind Energy(up 4.47%), Transformers and Rectifiers(India)(up 3.87%), Jaiprakash Power Ventures(up 3.76%) and NTPC(up 3.38%) stood among the top gainers.

ADANIGREEN(down 12.21%), Adani Power(down 5.00%), Adani Transmissions(down 4.95%), Karma Energy(down 4.85%), GE Power India Limited(down 4.46%), NLC India(down 4.01%), Jyoti Structures(down 3.66%), JSW Energy(down 2.74%), RTNPOWER(down 1.23%) and Gujarat Industries Power(down 1.17%) were among the top losers of the day.

The NSE Nifty50 index ended 76.85 points down at 16584.55, while the 30-share BSE Sensex closed down 359.33 points at 55566.41.

Oil & Natural Gas Corporation(up 5.0%), Mahindra & Mahindra(up 3.61%), NTPC(up 3.38%), Coal India(up 3.04%), JSW Steel(up 2.3%), Apollo Hospitals Enterprises(up 2.24%), SBI Life(up 2.24%), Power Grid Corporation of India(up 2.04%), Britannia Industries(up 2.0%) and Tech Mahindra(up 1.4%) stood among the top gainers in the Nifty pack.

On the other hand, Sun Pharmaceutical Industries(down 3.12%), Kotak Mahindra Bank(down 2.96%), HDFC(down 2.56%), Titan Company Ltd(down 1.77%), HDFC LIFE INSURANCE(down 1.63%), Shree Cement(down 1.53%), Infosys(down 1.52%), State Bank of India(down 1.37%), Axis Bank(down 1.22%) and Reliance Industries(down 1.21%) closed in the red.

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