Stock market update: Power stocks down as market falls

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NEW DELHI: Power shares closed lower in the Wednesday’s session.

Gujarat Industries Power(up 6.36%), RTNPOWER(up 3.39%), Jyoti Structures(up 3.11%), ADANIGREEN(up 2.57%), Indowind Energy(up 1.97%), Orient Green Power Company(up 1.63%), NHPC(up 1.61%), DPSC(up 1.36%), Inox wind(up 1.29%) and Transformers and Rectifiers(India)(up 1.23%) stood among the top gainers.

JSW Energy(down 4.67%), Adani Power(down 3.27%), K.P.I. Global Infras(down 2.74%), Reliance Power(down 1.98%), Power Grid Corporation of India(down 1.54%), GE Power India Limited(down 1.47%), Alstom T&D India(down 1.42%), Suzlon Energy(down 1.32%), Tata Power Company(down 0.75%) and Energy Development Company(down 0.68%) were among the top losers of the day.

The NSE Nifty50 index ended 54.65 points down at 17475.65, while the 30-share BSE Sensex closed down 237.44 points at 58338.93.

Oil & Natural Gas Corporation(up 3.17%), Apollo Hospitals Enterprises(up 2.55%), ITC(up 1.79%), Sun Pharmaceutical Industries(up 1.68%), UPL Ltd(up 1.61%), JSW Steel(up 1.38%), Shree Cement(up 0.96%), State Bank of India(up 0.95%), Hindustan Unilever(up 0.93%) and NTPC(up 0.88%) stood among the top gainers in the Nifty pack.

On the other hand, HDFC(down 1.95%), Maruti Suzuki(down 1.95%), HDFC Bank(down 1.91%), Dr Reddys Laboratories(down 1.67%), Tata Motors(down 1.65%), Power Grid Corporation of India(down 1.54%), Asian Paints(down 1.53%), Bajaj Finserv(down 1.4%), Kotak Mahindra Bank(down 1.23%) and Eicher Motors(down 1.2%) closed in the red.