Stock market update: Power stocks down as market rises

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

Indo Tech Transformers Ltd.(up 7.74%), Transformers & Rectifiers(India)Ltd.(up 5.00%), Jaiprakash Power Ventures Ltd.(up 4.88%), Indowind Energy Ltd.(up 4.84%), Hitachi Energy India Ltd.(up 3.59%), Kalpataru Projects International Ltd.(up 2.82%), SJVN Ltd.(up 2.81%), JSW Energy Ltd.(up 2.76%), Gujarat Industries Power Company Ltd.(up 1.41%) and Torrent Power Ltd.(up 1.01%) stood among the top gainers.

RattanIndia Power Ltd.(down 3.65%), Power and Instrumentation(Gujarat)Ltd.(down 3.12%), Jyoti Structures Ltd.(down 2.79%), Adani Power Ltd.(down 2.39%), Reliance Power Ltd.(down 2.25%), Inox Wind Ltd.(down 2.07%), GE Power India Ltd.(down 2.00%), India Power Corporation Ltd.(down 1.63%), CESC Ltd.(down 1.57%) and Karma Energy Ltd.(down 1.34%) were among the top losers of the day.

The NSE Nifty50 index ended 0.96 points down at 22513.7, while the 30-share BSE Sensex closed up 20.59 points at 74248.22.

Kotak Mahindra Bank Ltd.(up 2.06%), SBI Life Insurance Company Ltd.(up 1.48%), HDFC Bank Ltd.(up 1.44%), Bajaj Finserv Ltd.(up 1.34%), ITC Ltd.(up 1.14%), HDFC Life Insurance Company Ltd.(up 1.13%), State Bank of India(up 0.72%), Adani Ports & Special Economic Zone Ltd.(up 0.64%), Dr. Reddy's Laboratories Ltd.(up 0.6%) and Mahindra & Mahindra Ltd.(up 0.53%) stood among the top gainers in the Nifty pack.

On the other hand, UltraTech Cement Ltd.(down 1.82%), Grasim Industries Ltd.(down 1.77%), Bajaj Auto Ltd.(down 1.5%), Bajaj Finance Ltd.(down 1.48%), Larsen & Toubro Ltd.(down 1.45%), Bharat Petroleum Corporation Ltd.(down 1.35%), Hindalco Industries Ltd.(down 1.34%), Bharti Airtel Ltd.(down 1.32%), Tech Mahindra Ltd.(down 1.24%) and Asian Paints Ltd.(down 1.2%) closed in the red.