Stock market update: Power stocks down as market falls

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NEW DELHI: Power stocks were trading lower on Friday at 11:10AM

JSW Energy(up 4.76%), Energy Development Company(up 3.59%), DPSC(up 2.02%), Torrent Power(up 1.53%), Inox Wind Energy(up 0.75%), KPI Green Energy(up 0.73%), Indowind Energy(up 0.71%), CESC(up 0.39%), Transformers and Rectifiers(India)(up 0.34%) and Hitachi Energy India(up 0.31%) were among the top gainers.

Suzlon Energy(down 2.81%), RTNPOWER(down 2.50%), Indo Tech Transformers(down 2.44%), Adani Power(down 2.05%), Reliance Power(down 1.43%), Jaiprakash Power Ventures(down 1.41%), Inox wind(down 1.19%), Jyoti Structures(down 1.15%), SJVN(down 1.04%) and Tata Power Company(down 1.03%) were among the top losers.

The NSE Nifty50 index was trading 198.4 points down at 16279.7, while the 30-share BSE Sensex was down 697.92 points at 54622.36 at around 11:10AM.

Asian Paints(up 1.05%), Titan Company Ltd(up 0.65%), UltraTech Cement(up 0.53%), Eicher Motors(up 0.44%), Dr Reddys Laboratories(up 0.34%), Maruti Suzuki(up 0.17%), Axis Bank(up 0.15%), Grasim Industries(up 0.15%), Power Grid Corporation of India(up 0.13%) and TATA CONSUMER PRODUCTS(up 0.08%) were among the top gainers in the Nifty pack.

On the other hand, Hindalco Industries(down 3.69%), Bajaj Finance(down 3.43%), Wipro(down 3.26%), HDFC(down 2.91%), Kotak Mahindra Bank(down 2.84%), Tata Steel(down 2.62%), Tech Mahindra(down 2.52%), HDFC Bank(down 1.87%), Infosys(down 1.78%) and Tata Consultancy(down 1.68%) were trading in the red.