Stock market update: Power stocks down as market falls

NEW DELHI: Power stocks were trading lower on Tuesday at 10:39AM

ADANIGREEN(up 4.47%), Adani Transmissions(up 0.49%) and Kalpataru Power Transmission(up 0.48%) were among the top gainers.

JSW Energy(down 4.99%), Orient Green Power Company(down 4.31%), NLC India(down 4.18%), Jaiprakash Power Ventures(down 3.66%), Indowind Energy(down 3.01%), Alstom T&D India(down 2.99%), Transformers and Rectifiers(India)(down 2.95%), Karma Energy(down 2.91%), Reliance Power(down 2.87%) and Inox wind(down 2.70%) were among the top losers.

The NSE Nifty50 index was trading 176.9 points down at 17498.05, while the 30-share BSE Sensex was down 489.33 points at 58475.24 at around 10:39AM.

Tata Consultancy(up 0.95%), HCL Technologies(up 0.49%), HDFC LIFE INSURANCE(up 0.42%), Maruti Suzuki(up 0.4%), HDFC(up 0.34%), Kotak Mahindra Bank(up 0.26%) and HDFC Bank(up 0.19%) were among the top gainers in the Nifty pack.

On the other hand, Coal India(down 5.04%), Hindalco Industries(down 4.68%), Tata Steel(down 3.92%), Grasim Industries(down 3.39%), Tata Motors(down 3.23%), JSW Steel(down 2.77%), Bharat Petroleum Corporation(down 2.16%), Larsen & Toubro(down 2.07%), TATA CONSUMER PRODUCTS(down 2.01%) and Bajaj Auto(down 1.81%) were trading in the red.