Stock market update: Power stocks up as market falls

NEW DELHI: Power stocks were trading higher on Wednesday at 11:21AM

K.P.I. Global Infras(up 4.98%), Orient Green Power Company(up 4.90%), Energy Development Company(up 4.89%), Indowind Energy(up 4.87%), Jyoti Structures(up 4.10%), Inox wind(up 3.25%), Voltamp Transformers(up 3.21%), Indo Tech Transformers(up 2.48%), JSW Energy(up 2.11%) and ABBPP&SLTD(up 1.58%) were among the top gainers.

NTL(down 4.65%), GE Power India Limited(down 1.74%), Tata Power Company(down 1.24%), DPSC(down 0.93%), NTPC(down 0.87%), Adani Transmissions(down 0.79%), KEC International(down 0.71%), Suzlon Energy(down 0.70%), Transformers and Rectifiers(India)(down 0.68%) and Power Grid Corporation of India(down 0.62%) were among the top losers.

The NSE Nifty50 index was trading 75.35 points down at 17968.9, while the 30-share BSE Sensex was down 249.82 points at 60183.63 at around 11:21AM.

Mahindra & Mahindra(up 3.09%), UPL Ltd(up 2.5%), Britannia Industries(up 2.19%), Bharti Airtel(up 1.56%), Sun Pharmaceutical Industries(up 0.89%), Dr Reddys Laboratories(up 0.76%), Indian Oil Corporation(up 0.72%), Cipla(up 0.69%), Eicher Motors(up 0.61%) and Reliance Industries(up 0.61%) were among the top gainers in the Nifty pack.

On the other hand, Tata Steel(down 2.82%), Hindalco Industries(down 2.66%), JSW Steel(down 2.45%), IndusInd Bank(down 2.31%), Coal India(down 2.08%), Divis Laboratories(down 1.49%), Asian Paints(down 1.48%), HDFC(down 1.43%), ICICI Bank(down 1.39%) and Titan Company Ltd(down 1.08%) were trading in the red.