Stock market update: Power stocks up as market rises

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NEW DELHI: Power stocks were trading higher on Monday at 09:59AM

Inox Wind Ltd.(up 6.64%), Hitachi Energy India Ltd.(up 5.12%), Inox Wind Energy Ltd.(up 5.00%), Indowind Energy Ltd.(up 4.81%), KPI Green Energy Ltd.(up 4.23%), Indo Tech Transformers Ltd.(up 3.07%), Adani Green Energy Ltd.(up 2.48%), Torrent Power Ltd.(up 2.14%), JSW Energy Ltd.(up 1.98%) and Power and Instrumentation(Gujarat)Ltd.(up 1.95%) were among the top gainers.

Energy Development Company Ltd.(down 5.02%), Neueon Towers Ltd.(down 4.45%), Reliance Power Ltd.(down 3.84%), Jaiprakash Power Ventures Ltd.(down 3.36%), Jyoti Structures Ltd.(down 2.66%), Adani Power Ltd.(down 1.42%), Karma Energy Ltd.(down 1.34%), NHPC Ltd.(down 1.28%), Suzlon Energy Ltd.(down 1.06%) and Orient Green Power Company Ltd.(down 0.90%) were among the top losers.

The NSE Nifty50 index was trading 93.1 points up at 22606.8, while the 30-share BSE Sensex was up 353.73 points at 74601.95 at around 09:59AM.

Tata Consumer Products Ltd.(up 1.7%), Reliance Industries Ltd.(up 1.59%), Mahindra & Mahindra Ltd.(up 1.58%), Bharat Petroleum Corporation Ltd.(up 1.49%), Power Grid Corporation of India Ltd.(up 1.33%), Axis Bank Ltd.(up 1.3%), Bajaj Finserv Ltd.(up 1.02%), Maruti Suzuki India Ltd.(up 0.94%), SBI Life Insurance Company Ltd.(up 0.91%) and Tata Steel Ltd.(up 0.86%) were among the top gainers in the Nifty pack.

On the other hand, Adani Ports & Special Economic Zone Ltd.(down 1.55%), Apollo Hospitals Enterprise Ltd.(down 1.41%), Wipro Ltd.(down 0.89%), Titan Company Ltd.(down 0.62%), Adani Enterprises Ltd.(down 0.5%), UPL Ltd.(down 0.48%), Coal India Ltd.(down 0.42%), Bajaj Auto Ltd.(down 0.33%), HDFC Bank Ltd.(down 0.3%) and LTIMindtree Ltd.(down 0.02%) were trading in the red.