Stock market update: Power stocks down as market falls

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

Adani Energy Solutions Ltd.(up 8.73%), Voltamp Transformers Ltd.(up 8.15%), GE Power India Ltd.(up 6.28%), Transformers & Rectifiers(India)Ltd.(up 5.00%), GE T&D India Ltd.(up 5.00%), KKV Agro Powers Ltd.(up 4.75%), JSW Energy Ltd.(up 3.33%), Inox Wind Ltd.(up 3.15%), Adani Green Energy Ltd.(up 2.46%) and Power Grid Corporation of India Ltd.(up 2.08%) stood among the top gainers.

India Power Corporation Ltd.(down 5.04%), Indo Tech Transformers Ltd.(down 2.92%), NLC India Ltd.(down 2.66%), Suzlon Energy Ltd.(down 2.57%), Jaiprakash Power Ventures Ltd.(down 2.06%), Indowind Energy Ltd.(down 2.04%), Jyoti Structures Ltd.(down 2.01%), Karma Energy Ltd.(down 1.96%), KPI Green Energy Ltd.(down 1.67%) and Orient Green Power Company Ltd.(down 1.48%) were among the top losers of the day.

The NSE Nifty50 index ended 90.66 points down at 22122.05, while the 30-share BSE Sensex closed down 352.67 points at 72790.13.

Larsen & Toubro Ltd.(up 2.43%), Power Grid Corporation of India Ltd.(up 2.08%), Adani Enterprises Ltd.(up 1.67%), Bharat Petroleum Corporation Ltd.(up 1.49%), Tata Consumer Products Ltd.(up 1.45%), Adani Ports & Special Economic Zone Ltd.(up 1.33%), SBI Life Insurance Company Ltd.(up 1.31%), Eicher Motors Ltd.(up 0.66%), Hindustan Unilever Ltd.(up 0.43%) and Cipla Ltd.(up 0.24%) stood among the top gainers in the Nifty pack.

On the other hand, Asian Paints Ltd.(down 3.94%), Apollo Hospitals Enterprise Ltd.(down 2.81%), Hindalco Industries Ltd.(down 2.57%), Divi’s Laboratories Ltd.(down 1.94%), Tata Steel Ltd.(down 1.93%), Titan Company Ltd.(down 1.89%), Tech Mahindra Ltd.(down 1.82%), JSW Steel Ltd.(down 1.5%), Bharti Airtel Ltd.(down 1.4%) and LTIMindtree Ltd.(down 1.39%) closed in the red.

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