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 293.14 points at 60840.74

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

Indowind Energy(up 5.00%), Suzlon Energy-Partly Pd up Right Is(up 4.64%), Suzlon Energy(up 4.43%), Karma Energy(up 4.07%), Voltamp Transformers(up 2.97%), PTC India(up 2.85%), Jaiprakash Power Ventures(up 2.03%), DPSC(up 1.94%), KPI Green Energy(up 1.72%) and Transmission(up 1.66%) stood among the top gainers.

Jyoti Structures(down 4.80%), Adani Transmissions(down 3.01%), KEC International(down 2.04%), Adani Power(down 1.63%), Transformers and Rectifiers(India)(down 1.59%), Energy Development Company(down 1.54%), Orient Green Power Company(down 1.37%), Inox wind(down 0.96%), Power Grid Corporation of India(down 0.95%) and Torrent Power(down 0.90%) were among the top losers of the day.

The NSE Nifty50 index ended 85.7 points down at 18105.3, while the 30-share BSE Sensex closed down 293.14 points at 60840.74.

Bajaj Finserv(up 2.39%), Titan Company Ltd(up 1.73%), Coal India(up 1.53%), Oil & Natural Gas Corporation(up 1.45%), Bajaj Auto(up 1.32%), Adani Enterprises(up 1.25%), Bharat Petroleum Corporation(up 1.01%), Bajaj Finance(up 0.99%), Tata Steel(up 0.81%) and Hindalco Industries(up 0.73%) stood among the top gainers in the Nifty pack.

On the other hand, SBI Life(down 2.17%), ICICI Bank(down 1.89%), Bharti Airtel(down 1.78%), Grasim Industries(down 1.67%), Eicher Motors(down 1.63%), HDFC(down 1.41%), Larsen & Toubro(down 1.19%), TATA CONSUMER PRODUCTS(down 1.18%), ITC(down 1.13%) and Cipla(down 1.07%) closed in the red.
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