Stock market update: Power stocks up as market falls

NEW DELHI: Power shares closed lower in the Wednesday's session.

ADANIGREEN(up 4.86%), KPI Green Energy(up 3.72%), Adani Transmissions(up 2.90%), JSW Energy(up 2.26%), KEC International(up 2.24%), NHPC(up 2.24%), Hitachi Energy India(up 2.11%), Torrent Power(up 1.92%), Karma Energy(up 1.60%) and Power Grid Corporation of India(up 1.38%) stood among the top gainers.

PIGL(down 4.94%), Jyoti Structures(down 4.41%), PTC India(down 2.67%), Inox wind(down 2.45%), Indowind Energy(down 1.74%), Adani Power(down 1.25%), Energy Development Company(down 1.20%), Indo Tech Transformers(down 1.13%), Orient Green Power Company(down 1.11%) and Gujarat Industries Power(down 0.92%) were among the top losers of the day.

The NSE Nifty50 index ended 71.15 points down at 16972.15, while the 30-share BSE Sensex closed down 344.29 points at 57555.9.

Adani Enterprises(up 5.8%), Adani Ports & Special Economic Zone(up 3.8%), Asian Paints(up 2.98%), Tata Steel(up 2.11%), Titan Company Ltd(up 1.85%), Larsen & Toubro(up 1.51%), Power Grid Corporation of India(up 1.38%), Bharat Petroleum Corporation(up 1.26%), JSW Steel(up 1.13%) and Kotak Mahindra Bank(up 1.07%) stood among the top gainers in the Nifty pack.

On the other hand, Bharti Airtel(down 1.96%), IndusInd Bank(down 1.85%), Reliance Industries(down 1.71%), State Bank of India(down 1.49%), Nestle India(down 1.49%), Hindustan Unilever(down 1.49%), HDFC Bank(down 1.44%), Tata Motors(down 1.27%), Britannia Industries(down 1.16%) and HDFC(down 1.12%) closed in the red.