Stock market update: Power stocks down as market falls

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NEW DELHI: Power stocks were trading lower on Monday at 11:55AM

Orient Green Power Company(up 5.00%), Energy Development Company(up 4.79%), Indowind Energy(up 4.76%), Karma Energy(up 3.88%), NTL(up 2.27%), ABBPP&SLTD(up 1.93%), Power Grid Corporation of India(up 0.91%) and Kalpataru Power Transmission(up 0.29%) were among the top gainers.

GE Power India Limited(down 5.45%), Jyoti Structures(down 5.00%), Reliance Power(down 4.07%), K.P.I. Global Infras(down 3.50%), Alstom T&D India(down 3.22%), Tata Power Company(down 3.16%), Indo Tech Transformers(down 2.82%), NHPC(down 2.61%), CESC(down 2.56%) and Adani Power(down 2.24%) were among the top losers.

The NSE Nifty50 index was trading 237.85 points down at 17526.95, while the 30-share BSE Sensex was down 813.47 points at 58822.54 at around 11:55AM.

Bharti Airtel(up 4.28%), Asian Paints(up 1.92%), Tata Consultancy(up 0.93%), Power Grid Corporation of India(up 0.86%), Wipro(up 0.83%), Britannia Industries(up 0.8%), Hindalco Industries(up 0.73%), Cipla(up 0.18%), JSW Steel(up 0.18%) and TATA CONSUMER PRODUCTS(up 0.05%) were among the top gainers in the Nifty pack.

On the other hand, Bajaj Finance(down 4.98%), Reliance Industries(down 3.85%), Tata Motors(down 3.65%), Oil & Natural Gas Corporation(down 3.56%), Bajaj Finserv(down 3.56%), State Bank of India(down 3.39%), Maruti Suzuki(down 2.98%), Titan Company Ltd(down 2.65%), Indian Oil Corporation(down 2.59%) and Kotak Mahindra Bank(down 2.45%) were trading in the red.