Stock market update: Power stocks up as market rises

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NEW DELHI: Power stocks were trading higher on Thursday at 11:11AM

K.P.I. Global Infras(up 4.98%), Orient Green Power Company(up 4.97%), Energy Development Company(up 4.75%), Indowind Energy(up 4.68%), ABBPP&SLTD(up 3.89%), DPSC(up 3.59%), NTL(up 2.22%), Reliance Power(up 2.21%), Jaiprakash Power Ventures(up 2.20%) and Transformers and Rectifiers(India)(up 1.96%) were among the top gainers.

Karma Energy(down 3.72%), JSW Energy(down 1.62%), PTC India(down 1.45%), Indo Tech Transformers(down 0.96%), KEC International(down 0.64%), NHPC(down 0.64%), NTPC(down 0.52%), Inox wind(down 0.43%), Torrent Power(down 0.42%) and Alstom T&D India(down 0.26%) were among the top losers.

The NSE Nifty50 index was trading 34.25 points up at 17449.3, while the 30-share BSE Sensex was up 150.27 points at 58491.26 at around 11:11AM.

Reliance Industries(up 3.64%), Dr Reddys Laboratories(up 1.51%), Kotak Mahindra Bank(up 1.27%), Divis Laboratories(up 1.01%), HDFC LIFE INSURANCE(up 0.84%), Tech Mahindra(up 0.77%), HCL Technologies(up 0.74%), Infosys(up 0.59%), Tata Motors(up 0.38%) and Grasim Industries(up 0.38%) were among the top gainers in the Nifty pack.

On the other hand, Shree Cement(down 1.59%), ICICI Bank(down 1.47%), Indian Oil Corporation(down 1.41%), Hindalco Industries(down 1.32%), Eicher Motors(down 1.13%), Hindustan Unilever(down 1.05%), Britannia Industries(down 0.89%), Coal India(down 0.88%), Asian Paints(down 0.83%) and Larsen & Toubro(down 0.82%) were trading in the red.

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