HomeMarketsStock market update: Power stocks down as market rises

Stock market update: Power stocks down as market rises

NEW DELHI: Power shares closed higher in the Monday’s session.

Indowind Energy Ltd.(up 6.39%), Jaiprakash Power Ventures Ltd.(up 4.96%), Neueon Towers Ltd.(up 4.82%), Hitachi Energy India Ltd.(up 4.47%), JSW Energy Ltd.(up 3.25%), Suzlon Energy Ltd.(up 3.12%), Power Grid Corporation of India Ltd.(up 2.15%), Adani Green Energy Ltd.(up 1.80%), Orient Green Power Company Ltd.(up 1.50%) and Kalpataru Projects International Ltd.(up 1.43%) stood among the top gainers.

KKV Agro Powers Ltd.(down 5.00%), Karma Energy Ltd.(down 4.59%), Transformers & Rectifiers(India)Ltd.(down 2.89%), Voltamp Transformers Ltd.(down 2.27%), GE Power India Ltd.(down 2.18%), Power and Instrumentation(Gujarat)Ltd.(down 2.01%), Indo Tech Transformers Ltd.(down 1.83%), Gujarat Industries Power Company Ltd.(down 1.48%), Inox Wind Ltd.(down 1.26%) and KPI Green Energy Ltd.(down 0.95%) were among the top losers of the day.

The NSE Nifty50 index ended 36.75 points up at 23537.85, while the 30-share BSE Sensex closed up 131.18 points at 77341.08.

Mahindra & Mahindra Ltd.(up 2.68%), Shriram Finance Ltd.(up 2.15%), Power Grid Corporation of India Ltd.(up 2.15%), Grasim Industries Ltd.(up 1.99%), Sun Pharmaceutical Industries Ltd.(up 1.86%), Tata Consumer Products Ltd.(up 1.58%), Bajaj Auto Ltd.(up 1.49%), Apollo Hospitals Enterprise Ltd.(up 1.46%), Hero MotoCorp Ltd.(up 1.33%) and Nestle India Ltd.(up 1.27%) stood among the top gainers in the Nifty pack. On the other hand, IndusInd Bank Ltd.(down 2.41%), Cipla Ltd.(down 2.41%), Adani Ports & Special Economic Zone Ltd.(down 1.7%), Coal India Ltd.(down 1.36%), Tata Steel Ltd.(down 1.11%), Reliance Industries Ltd.(down 0.88%), SBI Life Insurance Company Ltd.(down 0.78%), Bharat Petroleum Corporation Ltd.(down 0.77%), Axis Bank Ltd.(down 0.76%) and Bajaj Finance Ltd.(down 0.74%) closed in the red.

Content Source: economictimes.indiatimes.com

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