Stock market update: Power index up; Torrent Power jumps 4%

NEW DELHI: The BSE Power was trading 0.75 per cent up at 2,149 around 12 pm on Wednesday, with shares of Torrent Power (up 3.94 per cent), Reliance Infrastructure (up 1.74 per cent) and JSW Energy (up 1.70 per cent) as top gainers.
ABB India (up 1.45 per cent), Reliance Power (up 1.40 per cent), Power Grid Corporation of India (up 1.35 per cent), CG Power and Industrial Solutions (up 1.29 per cent), CESC (up 1.12 per cent), GMR Infrastructure (up 1.10 per cent), Bharat Heavy Electricals (up 1.02 per cent) and NTPC (up 0.97 per cent) were also trading with decent gains.
However, Adani Power (down 2.68 per cent), Tata Power Company (down 1.15 per cent) and Adani Transmission (down 1.11 per cent) were trading as the top losers in the index.
Shares of Siemens (down 0.83 per cent), NHPC (down 0.56 per cent), KEC International (down 0.50 per cent) and PTC India (down 0.18 per cent) were also in the red.
Equity markets were down on selling across sectors, led by bank, financial, FMCG, IT and auto stocks.
Unabated capital outflows by foreign funds and profit-booking by retail investors amid weak global cues too dampened sentiments.
Benchmark BSE Sensex was 115 points down at 34,834, while the NSE Nifty50 index was down 42 points at 10,591.
Among the 50 stocks in the Nifty index, 13 were trading in the green, while 37 were in the red.
In the Sensex kitty, 8 stocks were up and 23 were down.
ABB India (up 1.45 per cent), Reliance Power (up 1.40 per cent), Power Grid Corporation of India (up 1.35 per cent), CG Power and Industrial Solutions (up 1.29 per cent), CESC (up 1.12 per cent), GMR Infrastructure (up 1.10 per cent), Bharat Heavy Electricals (up 1.02 per cent) and NTPC (up 0.97 per cent) were also trading with decent gains.
However, Adani Power (down 2.68 per cent), Tata Power Company (down 1.15 per cent) and Adani Transmission (down 1.11 per cent) were trading as the top losers in the index.
Shares of Siemens (down 0.83 per cent), NHPC (down 0.56 per cent), KEC International (down 0.50 per cent) and PTC India (down 0.18 per cent) were also in the red.
Equity markets were down on selling across sectors, led by bank, financial, FMCG, IT and auto stocks.
Unabated capital outflows by foreign funds and profit-booking by retail investors amid weak global cues too dampened sentiments.
Benchmark BSE Sensex was 115 points down at 34,834, while the NSE Nifty50 index was down 42 points at 10,591.
Among the 50 stocks in the Nifty index, 13 were trading in the green, while 37 were in the red.
In the Sensex kitty, 8 stocks were up and 23 were down.