Stock market update: Power stocks up as market falls

Jun 11, 2024

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

Reliance Power Ltd.(up 9.97%), Transformers & Rectifiers(India)Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), Power and Instrumentation(Gujarat)Ltd.(up 4.99%), Torrent Power Ltd.(up 3.24%), GE Power India Ltd.(up 3.24%), Gujarat Industries Power Company Ltd.(up 3.15%), Jaiprakash Power Ventures Ltd.(up 3.08%), GE T&D India Ltd.(up 3.03%) and Suzlon Energy Ltd.(up 1.82%) stood among the top gainers.

Neueon Towers Ltd.(down 5.07%), RattanIndia Power Ltd.(down 5.03%), Kalpataru Projects International Ltd.(down 3.38%), Karma Energy Ltd.(down 1.90%), Adani Green Energy Ltd.(down 1.32%), India Power Corporation Ltd.(down 1.16%), Voltamp Transformers Ltd.(down 1.16%), Hitachi Energy India Ltd.(down 1.05%), Adani Power Ltd.(down 0.89%) and Adani Energy Solutions Ltd.(down 0.88%) were among the top losers of the day.

The NSE Nifty50 index ended 5.65 points up at 23264.85, while the 30-share BSE Sensex closed down 33.49 points at 76456.59.

Oil And Natural Gas Corporation Ltd.(up 5.56%), Larsen & Toubro Ltd.(up 1.56%), Adani Ports & Special Economic Zone Ltd.(up 1.41%), Tata Motors Ltd.(up 1.23%), Maruti Suzuki India Ltd.(up 1.15%), Hero MotoCorp Ltd.(up 1.13%), UltraTech Cement Ltd.(up 1.0%), Mahindra & Mahindra Ltd.(up 1.0%), Apollo Hospitals Enterprise Ltd.(up 0.85%) and Bajaj Auto Ltd.(up 0.82%) stood among the top gainers in the Nifty pack.

On the other hand, Kotak Mahindra Bank Ltd.(down 1.47%), Divi’s Laboratories Ltd.(down 1.35%), Asian Paints Ltd.(down 1.2%), Dr. Reddy’s Laboratories Ltd.(down 1.1%), Reliance Industries Ltd.(down 1.01%), ITC Ltd.(down 0.9%), Sun Pharmaceutical Industries Ltd.(down 0.89%), JSW Steel Ltd.(down 0.64%), Hindalco Industries Ltd.(down 0.52%) and Eicher Motors Ltd.(down 0.51%) closed in the red.

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