Stock market update: Power stocks down as market falls

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

Hitachi Energy India(up 2.46%), NHPC(up 2.32%), Karma Energy(up 1.52%), Inox wind(up 1.04%), Jaiprakash Power Ventures(up 0.82%), Voltamp Transformers(up 0.64%), Power Grid Corporation of India(up 0.14%), KEC International(up 0.05%) and Inox Wind Energy(up 0.04%) stood among the top gainers.

PIGL(down 4.93%), RTNPOWER(down 4.41%), Jyoti Structures(down 4.33%), Orient Green Power Company(down 4.20%), Adani Transmissions(down 4.19%), ADANIGREEN(down 4.04%), Suzlon Energy(down 4.03%), NLC India(down 3.58%), Indowind Energy(down 3.13%) and Adani Power(down 2.66%) were among the top losers of the day.

The NSE Nifty50 index ended 225.5 points down at 15413.3, while the 30-share BSE Sensex closed down 709.54 points at 51822.53.

Bharat Petroleum Corporation(up 1.56%), Hero MotoCorp(up 1.01%), Tata Consultancy(up 0.34%), Power Grid Corporation of India(up 0.14%) and Maruti Suzuki(up 0.03%) stood among the top gainers in the Nifty pack.

On the other hand, Hindalco Industries(down 6.72%), UPL Ltd(down 6.2%), Tata Steel(down 5.28%), JSW Steel(down 4.48%), Wipro(down 3.27%), Oil & Natural Gas Corporation(down 3.06%), Reliance Industries(down 3.04%), Adani Ports & Special Economic Zone(down 3.02%), Coal India(down 2.95%) and Bajaj Finserv(down 2.68%) closed in the red.

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