Stock market update: Power stocks down as market falls

NEW DELHI: Power stocks were trading lower on Tuesday at 11:10AM

Reliance Power(up 3.90%), Indowind Energy(up 3.26%), Adani Power(up 1.30%), Power Grid Corporation of India(up 0.82%), NHPC(up 0.45%), Adani Transmissions(up 0.42%), NTPC(up 0.40%), CESC(up 0.07%) and

Transmission(up 0.05%) were among the top gainers.

Energy Development Company(down 2.33%), GE Power India Limited(down 2.29%), Orient Green Power Company(down 2.12%), Gujarat Industries Power(down 1.56%), Inox wind(down 1.38%), RTNPOWER(down 1.28%), Inox Wind Energy(down 1.22%), JSW Energy(down 1.22%), PTC India(down 1.20%) and Voltamp Transformers(down 1.07%) were among the top losers.

The NSE Nifty50 index was trading 122.85 points down at 16508.15, while the 30-share BSE Sensex was down 412.79 points at 55353.43 at around 11:10AM.

Bajaj Finserv(up 2.54%), Oil & Natural Gas Corporation(up 0.92%), Power Grid Corporation of India(up 0.82%), Reliance Industries(up 0.59%), Mahindra & Mahindra(up 0.57%), Sun Pharmaceutical Industries(up 0.56%), UltraTech Cement(up 0.48%), NTPC(up 0.4%), ITC(up 0.32%) and JSW Steel(up 0.32%) were among the top gainers in the Nifty pack.

On the other hand, Axis Bank(down 3.22%), Infosys(down 2.77%), Dr Reddys Laboratories(down 2.46%), Hindustan Unilever(down 2.45%), Nestle India(down 2.27%), Britannia Industries(down 2.2%), Tata Consultancy(down 1.79%), Kotak Mahindra Bank(down 1.75%), Enterprises(down 1.72%) and Tech Mahindra(down 1.71%) were trading in the red.

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