Stock market update: Power stocks up as market rises

Stock market update: Power stocks up as market rises
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Synopsis

The 30-share BSE Sensex was up 11.54 points at 59042.84

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RSI has turned north from the 60 level, confirming bullishness.
NEW DELHI: Power stocks were trading higher on Wednesday at 10:50AM

Limited(up 5.62%), NLC India(up 4.71%), Adani Transmissions(up 3.71%), JSW Energy(up 2.56%), Transmission(up 2.46%), Inox wind(up 2.34%), Reliance Power(up 2.27%), Gujarat Industries Power(up 1.86%), Indo Tech Transformers(up 1.56%) and NTPC(up 1.39%) were among the top gainers.

Adani Power(down 4.99%), ADANIGREEN(down 2.49%), Indowind Energy(down 1.42%), Jyoti Structures(down 1.27%), DPSC(down 1.20%), Voltamp Transformers(down 0.91%), Inox Wind Energy(down 0.25%), Hitachi Energy India(down 0.19%), Alstom T&D India(down 0.12%) and PTC India(down 0.06%) were among the top losers.

The NSE Nifty50 index was trading 8.2 points up at 17585.7, while the 30-share BSE Sensex was up 11.54 points at 59042.84 at around 10:50AM.

Oil & Natural Gas Corporation(up 2.28%), IndusInd Bank(up 2.25%), Enterprises(up 2.06%), NTPC(up 1.45%), HDFC LIFE INSURANCE(up 1.22%), Coal India(up 0.74%), ICICI Bank(up 0.63%), SBI Life(up 0.54%), Power Grid Corporation of India(up 0.48%) and ITC(up 0.4%) were among the top gainers in the Nifty pack.

On the other hand, Divis Laboratories(down 1.63%), Bharat Petroleum Corporation(down 0.78%), Tata Consultancy(down 0.77%), Bharti Airtel(down 0.74%), TATA CONSUMER PRODUCTS(down 0.69%), Grasim Industries(down 0.67%), Tata Steel(down 0.65%), Dr Reddys Laboratories(down 0.64%), Nestle India(down 0.62%) and Tech Mahindra(down 0.57%) were trading in the red.
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