Stock market update: Power stocks up as market rises

NEW DELHI: Power stocks were trading higher on Thursday at 10:50AM

ABB Power Products and Systems India Ltd.(up 7.36%), Adani Power Ltd.(up 4.97%), Neueon Towers Ltd.(up 3.57%), NLC India Ltd.(up 3.45%), Jyoti Structures Ltd.(up 3.37%), Inox Wind Ltd.(up 2.27%), NHPC Ltd.(up 1.88%), Kalpataru Power Transmissions Ltd.(up 1.82%), Jaiprakash Power Ventures Ltd.(up 1.80%) and Transformers & Rectifiers(India)Ltd.(up 1.51%) were among the top gainers.

Karma Energy Ltd.(down 4.92%), Indowind Energy Ltd.(down 4.81%), Reliance Power Ltd.(down 2.36%), Indo Tech Transformers Ltd.(down 2.06%), Orient Green Power Company Ltd.(down 2.04%), PTC India Ltd.(down 1.68%), Tata Power Company Ltd.(down 1.05%), Energy Development Company Ltd.(down 0.88%), Adani Transmission Ltd.(down 0.75%) and GE Power India Ltd.(down 0.50%) were among the top losers.

The NSE Nifty50 index was trading 116.7 points up at 18278.45, while the 30-share BSE Sensex was up 327.0 points at 61064.05 at around 10:50AM.

Wipro(up 5.96%), Adani Ports & Special Economic Zone(up 4.87%), Grasim Industries(up 3.32%), Larsen & Toubro(up 3.09%), Tech Mahindra(up 2.94%), Hindalco Industries(up 2.55%), Indian Oil Corporation(up 2.44%), JSW Steel(up 2.0%), Tata Steel(up 1.76%) and Shree Cement(up 1.66%) were among the top gainers in the Nifty pack.

On the other hand, Tata Motors(down 2.31%), Coal India(down 1.68%), IndusInd Bank(down 1.14%), Eicher Motors(down 1.04%), Bajaj Finance(down 0.81%), Tata Consultancy(down 0.71%), HCL Technologies(down 0.56%), HDFC LIFE INSURANCE(down 0.51%), Mahindra & Mahindra(down 0.45%) and SBI Life(down 0.36%) were trading in the red.