Stock market update: Power stocks up as market falls

Stock market update: Power stocks up as market falls
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Synopsis

The 30-share BSE Sensex closed down 310.71 points at 58774.72

Reuters
Nifty continues to climb a wall of worry as it looks to be in the final leg of its rally before heading for a correction.
NEW DELHI: Power shares closed lower in the Thursday's session.

DPSC(up 19.35%), KPI Green Energy(up 8.65%), Jyoti Structures(up 4.84%), Alstom T&D India(up 4.04%), NHPC(up 3.97%), Hitachi Energy India(up 3.09%), Voltamp Transformers(up 2.73%), Inox Wind Energy(up 2.45%), Inox wind(up 1.61%) and CESC(up 1.15%) stood among the top gainers.

Suzlon Energy(down 3.43%), Jaiprakash Power Ventures(down 3.14%), Transformers and Rectifiers(India)(down 2.05%), Reliance Power(down 1.63%), Torrent Power(down 1.55%), Power Grid Corporation of India(down 1.37%), RTNPOWER(down 1.23%), NTPC(down 1.18%), Energy Development Company(down 1.18%) and Indowind Energy(down 1.09%) were among the top losers of the day.

The NSE Nifty50 index ended 82.5 points down at 17522.45, while the 30-share BSE Sensex closed down 310.71 points at 58774.72.

Shree Cement(up 1.71%), Divis Laboratories(up 1.12%), Hindalco Industries(up 0.91%), Eicher Motors(up 0.89%), HDFC LIFE INSURANCE(up 0.78%), Grasim Industries(up 0.78%), SBI Life(up 0.74%), Coal India(up 0.56%), Dr Reddys Laboratories(up 0.47%) and Oil & Natural Gas Corporation(up 0.4%) stood among the top gainers in the Nifty pack.

On the other hand, Adani Ports & Special Economic Zone(down 2.43%), Bajaj Finance(down 1.81%), Power Grid Corporation of India(down 1.37%), Infosys(down 1.26%), NTPC(down 1.18%), Tata Consultancy(down 1.14%), Cipla(down 1.12%), IndusInd Bank(down 1.08%), Enterprises(down 1.0%) and Axis Bank(down 0.91%) closed in the red.
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