Stock market update: Power stocks up as market rises

Stock market update: Power stocks up as market rises
ETMarkets.com
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Synopsis

The 30-share BSE Sensex closed up 1534.16 points at 54326.39

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RSI has turned north from the 60 level, confirming bullishness.
NEW DELHI: Power shares closed higher in the Friday's session.

JSW Energy(up 9.87%), Orient Green Power Company(up 5.00%), Adani Power(up 4.99%), Reliance Power(up 4.47%), Energy Development Company(up 4.43%), NLC India(up 4.11%), Indo Tech Transformers(up 2.88%), Suzlon Energy(up 2.81%), Torrent Power(up 2.35%) and Gujarat Industries Power(up 2.34%) stood among the top gainers.

RTNPOWER(down 3.57%), Alstom T&D India(down 3.05%), ADANIGREEN(down 1.89%), Inox Wind Energy(down 1.50%), CESC(down 0.88%), Karma Energy(down 0.47%) and Limited(down 0.20%) were among the top losers of the day.

The NSE Nifty50 index ended 456.75 points up at 16266.15, while the 30-share BSE Sensex closed up 1534.16 points at 54326.39.

Dr Reddys Laboratories(up 8.13%), Reliance Industries(up 5.83%), JSW Steel(up 5.15%), Tata Motors(up 4.85%), Nestle India(up 4.77%), & Special Economic Zone(up 4.74%), Tata Steel(up 4.32%), Cipla(up 4.31%), Larsen & Toubro(up 4.01%) and Britannia Industries(up 3.55%) stood among the top gainers in the Nifty pack.

On the other hand, Shree Cement(down 0.97%) and UPL Ltd(down 0.71%) closed in the red.
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