Stock market update: Power stocks up as market falls

Stock market update: Power stocks up as market falls
ETMarkets.com
Rate Story
Share
Font Size
Save
Comment
Synopsis

The 30-share BSE Sensex closed down 366.22 points at 55102.68

Agencies
Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
NEW DELHI: Power shares closed lower in the Thursday's session.

Hitachi Energy India(up 12.74%), Adani Transmissions(up 5.00%), Energy Development Company(up 5.00%), K.P.I. Global Infrastructure(up 4.97%), Indowind Energy(up 4.85%), Orient Green Power Company(up 4.65%), Jyoti Structures(up 3.97%), RTNPOWER(up 3.70%), ADANIGREEN(up 3.63%) and Power Grid Corporation of India(up 3.30%) stood among the top gainers.

DPSC(down 1.72%), Inox wind(down 1.46%), Kalpataru Power Transmission(down 0.94%), Reliance Power(down 0.76%), JSW Energy(down 0.53%), Adani Power(down 0.32%) and KEC International(down 0.02%) were among the top losers of the day.

The NSE Nifty50 index ended 107.9 points down at 16498.05, while the 30-share BSE Sensex closed down 366.22 points at 55102.68.

Oil & Natural Gas Corporation(up 4.51%), UPL Ltd(up 3.51%), Power Grid Corporation of India(up 3.3%), Wipro(up 2.58%), Tech Mahindra(up 2.32%), Coal India(up 2.25%), HCL Technologies(up 2.16%), Indian Oil Corporation(up 2.14%), ITC(up 1.9%) and JSW Steel(up 1.57%) stood among the top gainers in the Nifty pack.

On the other hand, UltraTech Cement(down 6.54%), Asian Paints(down 5.18%), HDFC LIFE INSURANCE(down 5.18%), Shree Cement(down 4.62%), Eicher Motors(down 3.93%), SBI Life(down 3.55%), Dr Reddys Laboratories(down 3.49%), TATA CONSUMER PRODUCTS(down 3.37%), Grasim Industries(down 2.9%) and Maruti Suzuki(down 2.8%) closed in the red.

Pick the best companies to invest

BECOME AN ETPRIME MEMBER
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

...more
Pick the best stocks for yourself
Powered by