Stock market update: Power stocks down as market falls

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

Karma Energy Ltd.(up 5.01%), Inox Wind Energy Ltd.(up 5.00%), Transformers & Rectifiers(India)Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), RattanIndia Power Ltd.(up 4.97%), JSW Energy Ltd.(up 3.41%), CESC Ltd.(up 0.69%), Energy Development Company Ltd.(up 0.44%) and Adani Green Energy Ltd.(up 0.15%) stood among the top gainers.

Voltamp Transformers Ltd.(down 6.16%), Orient Green Power Company Ltd.(down 4.99%), Reliance Power Ltd.(down 4.89%), Neueon Towers Ltd.(down 4.62%), Jyoti Structures Ltd.(down 3.27%), GE Power India Ltd.(down 2.96%), NLC India Ltd.(down 2.60%), Hitachi Energy India Ltd.(down 2.39%), Power and Instrumentation(Gujarat)Ltd.(down 2.00%) and Jaiprakash Power Ventures Ltd.(down 1.96%) were among the top losers of the day.

The NSE Nifty50 index ended 24.65 points down at 22932.45, while the 30-share BSE Sensex closed down 19.89 points at 75390.5.

Divi’s Laboratories Ltd.(up 3.23%), IndusInd Bank Ltd.(up 1.62%), Axis Bank Ltd.(up 1.11%), Adani Ports & Special Economic Zone Ltd.(up 1.1%), LTIMindtree Ltd.(up 1.09%), Bajaj Finance Ltd.(up 0.86%), Larsen & Toubro Ltd.(up 0.72%), HDFC Bank Ltd.(up 0.7%), Hindalco Industries Ltd.(up 0.69%) and Hindustan Unilever Ltd.(up 0.66%) stood among the top gainers in the Nifty pack.

On the other hand, Adani Enterprises Ltd.(down 2.84%), Wipro Ltd.(down 2.42%), Grasim Industries Ltd.(down 2.07%), Oil And Natural Gas Corporation Ltd.(down 1.98%), SBI Life Insurance Company Ltd.(down 1.82%), Eicher Motors Ltd.(down 1.8%), NTPC Ltd.(down 1.42%), Sun Pharmaceutical Industries Ltd.(down 1.39%), Coal India Ltd.(down 1.31%) and Mahindra & Mahindra Ltd.(down 1.19%) closed in the red.