Stock market update: Power stocks down as market rises

NEW DELHI: Power stocks were trading lower on Wednesday at 11:20AM

Indowind Energy(up 3.48%), KEC International(up 2.12%), Jaiprakash Power Ventures(up 2.01%), RTNPOWER(up 1.20%), Jyoti Structures(up 1.07%), Transformers and Rectifiers(India)(up 1.04%),

Transmission(up 1.03%), CESC(up 0.87%), NLC India(up 0.59%) and PTC India(up 0.54%) were among the top gainers.

Karma Energy(down 4.94%), Inox Wind Energy(down 3.75%), Torrent Power(down 2.02%), Adani Power(down 1.72%), Hitachi Energy India(down 1.47%), Inox wind(down 1.32%), PIGL(down 1.28%), Energy Development Company(down 1.25%), Tata Power Company(down 1.20%) and SJVN(down 1.20%) were among the top losers.

The NSE Nifty50 index was trading 26.75 points up at 18430.15, while the 30-share BSE Sensex was up 131.28 points at 62004.27 at around 11:20AM.

Kotak Mahindra Bank(up 2.66%), Dr Reddys Laboratories(up 1.42%), Eicher Motors(up 1.37%), Wipro(up 1.02%), Tata Consultancy(up 0.98%), Infosys(up 0.72%), HCL Technologies(up 0.67%), Tech Mahindra(up 0.65%), Maruti Suzuki(up 0.51%) and HDFC Bank(up 0.46%) were among the top gainers in the Nifty pack.

On the other hand, Hindalco Industries(down 1.82%), Divis Laboratories(down 1.49%), JSW Steel(down 1.47%),

Enterprises(down 1.17%), Tata Steel(down 1.06%), HDFC LIFE INSURANCE(down 1.04%), Bajaj Finance(down 1.02%), UPL Ltd(down 0.9%), NTPC(down 0.84%) and Hindustan Unilever(down 0.78%) were trading in the red.

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