Stock market update: Power stocks down as market falls

Stock market update: Power stocks down as market falls
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Synopsis

The 30-share BSE Sensex closed down 51.73 points at 58298.8

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MACD is known for signaling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages.
NEW DELHI: Power shares closed lower in the Thursday's session.

Hitachi Energy India(up 3.65%), Karma Energy(up 3.60%), JSW Energy(up 3.48%), Indowind Energy(up 3.15%), Jaiprakash Power Ventures(up 2.82%), Adani Power(up 2.25%), Kalpataru Power Transmission(up 2.04%), Alstom T&D India(up 1.89%), Reliance Power(up 1.54%) and Inox Wind Energy(up 0.95%) stood among the top gainers.

PIGL(down 4.96%), KEC International(down 4.18%), Energy Development Company(down 4.12%), Orient Green Power Company(down 3.96%), Transformers and Rectifiers(India)(down 3.82%), NTPC(down 3.10%), Indo Tech Transformers(down 2.22%), GE Power India Limited(down 2.20%), Tata Power Company(down 2.09%) and K.P.I. Global Infras(down 1.38%) were among the top losers of the day.

The NSE Nifty50 index ended 6.15 points down at 17382.0, while the 30-share BSE Sensex closed down 51.73 points at 58298.8.

Cipla(up 3.23%), Nestle India(up 2.5%), Sun Pharmaceutical Industries(up 2.4%), Infosys(up 2.16%), Enterprises(up 1.99%), Hindalco Industries(up 1.8%), JSW Steel(up 1.77%), Divis Laboratories(up 1.76%), Dr Reddys Laboratories(up 1.26%) and Wipro(up 0.73%) stood among the top gainers in the Nifty pack.

On the other hand, NTPC(down 3.1%), TATA CONSUMER PRODUCTS(down 2.89%), Coal India(down 2.33%), State Bank of India(down 1.41%), Reliance Industries(down 1.32%), Shree Cement(down 1.28%), Power Grid Corporation of India(down 1.25%), Axis Bank(down 1.22%), Kotak Mahindra Bank(down 0.84%) and IndusInd Bank(down 0.77%) closed in the red.
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