Stock market update: Power stocks up as market rises

NEW DELHI: Power stocks were trading higher on Monday at 10:15AM

Inox Wind Energy(up 15.92%), PIGL(up 5.00%), Energy Development Company(up 3.54%), Gujarat Industries Power(up 3.42%), JSW Energy(up 3.13%), Indowind Energy(up 3.06%), GE Power India Limited(up 2.44%), Jyoti Structures(up 2.26%), SJVN(up 1.86%) and PTC India(up 1.55%) were among the top gainers.

Adani Transmissions(down 5.00%), Alstom T&D India(down 2.46%), ADANIGREEN(down 2.42%), Suzlon Energy(down 1.73%), RTNPOWER(down 1.54%), Adani Power(down 1.27%), Reliance Power(down 1.21%), Orient Green Power Company(down 1.09%), DPSC(down 0.93%) and Hitachi Energy India(down 0.86%) were among the top losers.

The NSE Nifty50 index was trading 123.7 points up at 18192.7, while the 30-share BSE Sensex was up 461.45 points at 61515.74 at around 10:15AM.

IndusInd Bank(up 4.85%), Bajaj Finance(up 2.32%), Hindalco Industries(up 2.29%), Bajaj Finserv(up 1.82%), Kotak Mahindra Bank(up 1.78%), Oil & Natural Gas Corporation(up 1.53%), Mahindra & Mahindra(up 1.49%), Tata Motors(up 1.45%), Bajaj Auto(up 1.4%) and Power Grid Corporation of India(up 1.33%) were among the top gainers in the Nifty pack.

On the other hand, Coal India(down 3.03%), Adani Enterprises(down 1.62%), Sun Pharmaceutical Industries(down 0.57%), Adani Ports & Special Economic Zone(down 0.54%), Larsen & Toubro(down 0.52%), Asian Paints(down 0.4%), UPL Ltd(down 0.4%), Dr Reddys Laboratories(down 0.33%), Cipla(down 0.3%) and Divis Laboratories(down 0.23%) were trading in the red.