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    Stock market update: Power stocks up as market falls

    Synopsis

    The 30-share BSE Sensex was down 10.41 points at 66417.68

    A broker watches a TV news channel as another monitors share prices at a brokerage firm in MumbaiReuters
    On an immediate basis, 15,770/52,500 and 15,850/52,700 levels would be major hurdles.
    NEW DELHI: Power stocks were trading higher on Wednesday at 10:39AM

    Suzlon Energy(up 4.92%), RTNPOWER(up 4.32%), Indowind Energy(up 3.82%), PTC India(up 2.45%), Orient Green Power Company(up 1.08%), Alstom T&D India(up 0.90%), KEC International(up 0.70%), Inox Wind Energy(up 0.64%), NLC India(up 0.48%) and KPI Green Energy(up 0.41%) were among the top gainers.

    Power Grid Corporation of India(down 1.13%), Jaiprakash Power Ventures(down 1.05%), Inox wind(down 0.73%), Gujarat Industries Power(down 0.69%), Reliance Power(down 0.54%), Energy Development Company(down 0.51%), NTPC(down 0.43%), Hitachi Energy India(down 0.43%), Adani Energy Solutions(down 0.37%) and Tata Power Company(down 0.35%) were among the top losers.

    The NSE Nifty50 index was trading 12.55 points up at 19824.05, while the 30-share BSE Sensex was down 10.41 points at 66417.68 at around 10:39AM.

    Cipla Ltd.(up 3.37%), Hindalco Industries Ltd.(up 1.78%), Sun Pharmaceutical Industries Ltd.(up 1.66%), Dr. Reddy's Laboratories Ltd.(up 1.54%), Tata Motors Ltd.(up 1.12%), Divi's Laboratories Ltd.(up 0.9%), Eicher Motors Ltd.(up 0.83%), ITC Ltd.(up 0.78%), Bajaj Auto Ltd.(up 0.78%) and Oil And Natural Gas Corporation Ltd.(up 0.75%) were among the top gainers in the Nifty pack.

    On the other hand, Bajaj Finance Ltd.(down 1.6%), Power Grid Corporation of India Ltd.(down 1.15%), Bajaj Finserv Ltd.(down 0.84%), LTIMindtree Ltd.(down 0.63%), ICICI Bank Ltd.(down 0.56%), Apollo Hospitals Enterprise Ltd.(down 0.55%), HDFC Bank Ltd.(down 0.48%), Larsen & Toubro Ltd.(down 0.45%), NTPC Ltd.(down 0.42%) and Tech Mahindra Ltd.(down 0.36%) were trading in the red.
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