Stock market update: Power stocks down as market rises

Feb 13, 2024

NEW DELHI: Power stocks were trading lower on Tuesday at 10:50AM

NHPC Ltd.(up 6.42%), NLC India Ltd.(up 5.71%), Gujarat Industries Power Company Ltd.(up 2.53%), Inox Wind Ltd.(up 1.88%), PTC India Ltd.(up 1.85%), NTPC Ltd.(up 1.46%), CESC Ltd.(up 1.19%), Tata Power Company Ltd.(up 0.77%), KEC International Ltd.(up 0.59%) and Kalpataru Projects International Ltd.(up 0.25%) were among the top gainers.

KPI Green Energy Ltd.(down 5.00%), Jaiprakash Power Ventures Ltd.(down 4.98%), Orient Green Power Company Ltd.(down 4.97%), Power and Instrumentation(Gujarat)Ltd.(down 3.94%), Suzlon Energy Ltd.(down 3.89%), Transformers & Rectifiers(India)Ltd.(down 3.85%), Indo Tech Transformers Ltd.(down 3.78%), GE T&D India Ltd.(down 2.95%), Adani Power Ltd.(down 2.83%) and Adani Energy Solutions Ltd.(down 2.72%) were among the top losers.

The NSE Nifty50 index was trading 99.0 points up at 21715.05, while the 30-share BSE Sensex was up 385.38 points at 71457.87 at around 10:50AM.

UPL Ltd.(up 3.6%), Coal India Ltd.(up 3.24%), ICICI Bank Ltd.(up 2.15%), Hero MotoCorp Ltd.(up 1.84%), Bajaj Finserv Ltd.(up 1.78%), HDFC Life Insurance Company Ltd.(up 1.75%), Apollo Hospitals Enterprise Ltd.(up 1.59%), Axis Bank Ltd.(up 1.59%), NTPC Ltd.(up 1.43%) and SBI Life Insurance Company Ltd.(up 1.31%) were among the top gainers in the Nifty pack.

On the other hand, Hindalco Industries Ltd.(down 13.25%), Grasim Industries Ltd.(down 1.88%), HCL Technologies Ltd.(down 0.9%), Adani Enterprises Ltd.(down 0.53%), Infosys Ltd.(down 0.49%), Wipro Ltd.(down 0.49%), Power Grid Corporation of India Ltd.(down 0.45%), JSW Steel Ltd.(down 0.39%), Tech Mahindra Ltd.(down 0.34%) and Tata Steel Ltd.(down 0.3%) were trading in the red.

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