Stock market update: Power stocks up as market falls

NEW DELHI: Power stocks were trading higher on Wednesday at 10:24AM

Indo Tech Transformers(up 9.99%), Energy Development Company(up 4.84%), JSW Energy(up 3.79%), Inox Wind Energy(up 3.27%), Power Grid Corporation of India(up 3.11%), Inox wind(up 2.85%), NTPC(up 2.32%), Gujarat Industries Power(up 2.07%), GE Power India Limited(up 1.98%) and Karma Energy(up 1.63%) were among the top gainers.

KPI Green Energy(down 5.00%), Reliance Power(down 3.52%), ADANIGREEN(down 3.44%), KEC International(down 3.29%), Jyoti Structures(down 3.26%), Indowind Energy(down 2.66%), Adani Power(down 2.19%), Hitachi Energy India(down 2.08%), DPSC(down 1.80%) and Orient Green Power Company(down 1.80%) were among the top losers.

The NSE Nifty50 index was trading 69.85 points down at 16999.25, while the 30-share BSE Sensex was down 227.56 points at 56748.43 at around 10:24AM.

Oil & Natural Gas Corporation(up 3.74%), Britannia Industries(up 3.27%), Power Grid Corporation of India(up 3.11%), NTPC(up 2.32%), UPL Ltd(up 1.22%), Coal India(up 1.07%), Infosys(up 0.73%), ITC(up 0.63%), Bharat Petroleum Corporation(up 0.55%) and Tata Motors(up 0.54%) were among the top gainers in the Nifty pack.

On the other hand, Apollo Hospitals Enterprises(down 4.34%), Titan Company Ltd(down 3.28%), Dr Reddys Laboratories(down 2.64%), Asian Paints(down 2.33%), Cipla(down 2.23%), Divis Laboratories(down 2.05%), Sun Pharmaceutical Industries(down 2.02%), Shree Cement(down 1.89%), Eicher Motors(down 1.45%) and Bajaj Auto(down 1.31%) were trading in the red.