Stock market update: Power stocks down as market falls

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NEW DELHI: Power stocks were trading lower on Wednesday at 11:20AM

K.P.I. Global Infras(up 4.99%), Orient Green Power Company(up 4.92%), Jyoti Structures(up 4.76%), ADANIGREEN(up 1.27%), Voltamp Transformers(up 0.96%), Torrent Power(up 0.39%) and JSW Energy(up 0.26%) were among the top gainers.

Energy Development Company(down 4.96%), Karma Energy(down 4.95%), Indowind Energy(down 4.91%), Suzlon Energy(down 4.90%), RTNPOWER(down 4.73%), NTL(down 4.48%), Jaiprakash Power Ventures(down 3.40%), Hitachi Energy India(down 1.65%), SJVN(down 1.64%) and Adani Transmissions(down 1.42%) were among the top losers.

The NSE Nifty50 index was trading 4.35 points up at 17809.6, while the 30-share BSE Sensex was down 10.02 points at 59845.91 at around 11:20AM.

Bajaj Finserv(up 3.82%), Bajaj Finance(up 3.58%), JSW Steel(up 2.74%), Indian Oil Corporation(up 1.93%), Asian Paints(up 1.87%), Axis Bank(up 1.71%), Eicher Motors(up 1.59%), Tata Steel(up 1.54%), ICICI Bank(up 1.51%) and Kotak Mahindra Bank(up 1.45%) were among the top gainers in the Nifty pack.

On the other hand, Tech Mahindra(down 2.81%), Infosys(down 2.72%), Wipro(down 2.28%), HCL Technologies(down 1.94%), Tata Consultancy(down 1.67%), NTPC(down 1.09%), TATA CONSUMER PRODUCTS(down 0.85%), Reliance Industries(down 0.77%), Divis Laboratories(down 0.66%) and HDFC(down 0.6%) were trading in the red.