Stock market update: Power stocks up as market falls

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

Indo Tech Transformers Ltd.(up 15.34%), GE T&D India Ltd.(up 4.90%), Torrent Power Ltd.(up 4.70%), Reliance Power Ltd.(up 4.39%), KKV Agro Powers Ltd.(up 4.15%), NLC India Ltd.(up 4.03%), Jaiprakash Power Ventures Ltd.(up 3.67%), Tata Power Company Ltd.(up 3.11%), Power Grid Corporation of India Ltd.(up 3.08%) and JSW Energy Ltd.(up 2.62%) stood among the top gainers.

Power and Instrumentation(Gujarat)Ltd.(down 5.68%), Orient Green Power Company Ltd.(down 5.03%), KPI Green Energy Ltd.(down 5.00%), RattanIndia Power Ltd.(down 4.94%), Transformers & Rectifiers(India)Ltd.(down 2.50%), India Power Corporation Ltd.(down 2.25%), Adani Green Energy Ltd.(down 2.04%), Karma Energy Ltd.(down 2.00%), Indowind Energy Ltd.(down 2.00%) and Energy Development Company Ltd.(down 1.96%) were among the top losers of the day.

The NSE Nifty50 index ended 212.55 points down at 21717.95, while the 30-share BSE Sensex closed down 723.57 points at 71428.43.

State Bank of India(up 3.6%), Power Grid Corporation of India Ltd.(up 3.08%), Bharat Petroleum Corporation Ltd.(up 3.07%), Hindalco Industries Ltd.(up 1.53%), Coal India Ltd.(up 1.45%), Tata Consultancy Services Ltd.(up 1.25%), HCL Technologies Ltd.(up 1.15%), Apollo Hospitals Enterprise Ltd.(up 0.86%), Bajaj Auto Ltd.(up 0.72%) and Bharti Airtel Ltd.(up 0.7%) stood among the top gainers in the Nifty pack.

On the other hand, ITC Ltd.(down 4.0%), Britannia Industries Ltd.(down 4.0%), Kotak Mahindra Bank Ltd.(down 3.51%), ICICI Bank Ltd.(down 3.22%), Axis Bank Ltd.(down 3.11%), Nestle India Ltd.(down 3.07%), Eicher Motors Ltd.(down 3.07%), UPL Ltd.(down 2.72%), Grasim Industries Ltd.(down 2.57%) and IndusInd Bank Ltd.(down 2.52%) closed in the red.


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