Stock market update: Power stocks down as market falls

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ETMarkets.comLast Updated: Apr 12, 2024, 04:10:00 PM IST

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The 30-share BSE Sensex closed down 793.25 points at 74244.9

Stock-market-4---istock — Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.

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

Transformers & Rectifiers(India)Ltd.(up 5.00%), Inox Wind Ltd.(up 3.08%), KPI Green Energy Ltd.(up 2.22%), Karma Energy Ltd.(up 2.00%), Indo Tech Transformers Ltd.(up 1.93%), Tata Power Company Ltd.(up 1.16%), Inox Wind Energy Ltd.(up 0.91%), Torrent Power Ltd.(up 0.66%), Jaiprakash Power Ventures Ltd.(up 0.56%) and Adani Energy Solutions Ltd.(up 0.44%) stood among the top gainers.

Adani Power Ltd.(down 3.67%), Jyoti Structures Ltd.(down 3.61%), Reliance Power Ltd.(down 3.53%), GE Power India Ltd.(down 3.32%), Indowind Energy Ltd.(down 2.98%), Energy Development Company Ltd.(down 2.66%), Power Grid Corporation of India Ltd.(down 2.59%), Kalpataru Projects International Ltd.(down 2.34%), KEC International Ltd.(down 2.32%) and NLC India Ltd.(down 2.31%) were among the top losers of the day.

The NSE Nifty50 index ended 234.4 points down at 22519.4, while the 30-share BSE Sensex closed down 793.25 points at 74244.9.

Divi's Laboratories Ltd.(up 1.09%), Bajaj Auto Ltd.(up 0.66%), Tata Motors Ltd.(up 0.5%), Tata Consultancy Services Ltd.(up 0.43%), Tata Consumer Products Ltd.(up 0.37%), Nestle India Ltd.(up 0.35%) and IndusInd Bank Ltd.(up 0.19%) stood among the top gainers in the Nifty pack.

On the other hand, Sun Pharmaceutical Industries Ltd.(down 4.0%), Maruti Suzuki India Ltd.(down 3.29%), Power Grid Corporation of India Ltd.(down 2.59%), Titan Company Ltd.(down 2.48%), Oil And Natural Gas Corporation Ltd.(down 2.32%), Grasim Industries Ltd.(down 2.27%), Larsen & Toubro Ltd.(down 1.98%), JSW Steel Ltd.(down 1.98%), Tech Mahindra Ltd.(down 1.92%) and Cipla Ltd.(down 1.84%) closed in the red.

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