Stock market update: Power stocks down as market rises

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

Jyoti Structures Ltd.(up 4.98%), Gujarat Industries Power Company Ltd.(up 4.48%), India Power Corporation Ltd.(up 2.04%), Neueon Towers Ltd.(up 0.41%), NLC India Ltd.(up 0.34%), Hitachi Energy India Ltd.(up 0.22%) and Karma Energy Ltd.(up 0.13%) stood among the top gainers.

RattanIndia Power Ltd.(down 4.75%), KEC International Ltd.(down 4.21%), Inox Wind Ltd.(down 3.60%), GE Power India Ltd.(down 3.31%), Indowind Energy Ltd.(down 2.51%), Suzlon Energy Ltd.(down 2.13%), Tata Power Company Ltd.(down 2.07%), Jaiprakash Power Ventures Ltd.(down 2.07%), Indo Tech Transformers Ltd.(down 2.03%) and Power and Instrumentation(Gujarat)Ltd.(down 2.02%) were among the top losers of the day.

The NSE Nifty50 index ended 41.91 points down at 23516.0, while the 30-share BSE Sensex closed up 36.45 points at 77337.59.

HDFC Bank Ltd.(up 3.12%), Axis Bank Ltd.(up 2.92%), ICICI Bank Ltd.(up 1.93%), Kotak Mahindra Bank Ltd.(up 1.59%), IndusInd Bank Ltd.(up 1.35%), State Bank of India(up 0.92%), Infosys Ltd.(up 0.88%), Wipro Ltd.(up 0.8%), Tech Mahindra Ltd.(up 0.72%) and HCL Technologies Ltd.(up 0.61%) stood among the top gainers in the Nifty pack.

On the other hand, Titan Company Ltd.(down 3.53%), Larsen & Toubro Ltd.(down 2.7%), Maruti Suzuki India Ltd.(down 2.54%), Bharti Airtel Ltd.(down 2.53%), Hindalco Industries Ltd.(down 2.41%), Bharat Petroleum Corporation Ltd.(down 2.4%), Bajaj Auto Ltd.(down 2.35%), Coal India Ltd.(down 2.27%), NTPC Ltd.(down 1.94%) and Tata Consumer Products Ltd.(down 1.9%) closed in the red.