Stock market update: Power stocks up as market falls

Jun 10, 2024

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

KEC International Ltd.(up 5.30%), Power and Instrumentation(Gujarat)Ltd.(up 5.00%), GE T&D India Ltd.(up 4.90%), Reliance Power Ltd.(up 4.32%), NLC India Ltd.(up 3.91%), Gujarat Industries Power Company Ltd.(up 2.36%), Torrent Power Ltd.(up 2.24%), Power Grid Corporation of India Ltd.(up 2.09%), Indo Tech Transformers Ltd.(up 1.62%) and GE Power India Ltd.(up 1.58%) stood among the top gainers.

Neueon Towers Ltd.(down 5.20%), RattanIndia Power Ltd.(down 5.00%), PTC India Ltd.(down 2.77%), Transformers & Rectifiers(India)Ltd.(down 2.43%), Indowind Energy Ltd.(down 2.20%), Energy Development Company Ltd.(down 2.08%), KPI Green Energy Ltd.(down 1.63%), Jaiprakash Power Ventures Ltd.(down 1.22%), NHPC Ltd.(down 1.19%) and Voltamp Transformers Ltd.(down 0.76%) were among the top losers of the day.

The NSE Nifty50 index ended 30.96 points down at 23259.2, while the 30-share BSE Sensex closed down 203.28 points at 76490.08.

UltraTech Cement Ltd.(up 3.48%), Grasim Industries Ltd.(up 2.82%), Hero MotoCorp Ltd.(up 2.52%), Cipla Ltd.(up 2.48%), Power Grid Corporation of India Ltd.(up 2.09%), Nestle India Ltd.(up 1.83%), NTPC Ltd.(up 1.2%), Axis Bank Ltd.(up 1.12%), HDFC Life Insurance Company Ltd.(up 1.12%) and Shriram Finance Ltd.(up 0.85%) stood among the top gainers in the Nifty pack.

On the other hand, Tech Mahindra Ltd.(down 2.71%), Infosys Ltd.(down 2.21%), Wipro Ltd.(down 1.92%), Mahindra & Mahindra Ltd.(down 1.75%), LTIMindtree Ltd.(down 1.49%), Bajaj Finance Ltd.(down 1.43%), Tata Consultancy Services Ltd.(down 0.91%), HCL Technologies Ltd.(down 0.9%), HDFC Bank Ltd.(down 0.77%) and Maruti Suzuki India Ltd.(down 0.73%) closed in the red.

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