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    Stock market update: Power stocks up as market falls

    Synopsis

    The 30-share BSE Sensex closed down 193.7 points at 62428.54

    NiftyGetty Images
    Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
    NEW DELHI: Power shares closed lower in the Thursday's session.

    Adani Transmissions(up 5.00%), Indo Tech Transformers(up 4.99%), Jyoti Structures(up 4.95%), Karma Energy(up 4.80%), GE Power India Limited(up 4.74%), RTNPOWER(up 2.99%), Torrent Power(up 1.84%), Adani Power(up 1.80%), KEC International(up 1.80%) and ADANIGREEN(up 1.66%) stood among the top gainers.

    Suzlon Energy(down 5.11%), Power & Instrumentation(Gujarat)(down 4.97%), Gujarat Industries Power(down 1.64%), NLC India(down 1.16%), Voltamp Transformers(down 1.11%), Orient Green Power Company(down 1.10%), Indowind Energy(down 0.91%), DPSC(down 0.90%), SJVN(down 0.70%) and Power Grid Corporation of India(down 0.36%) were among the top losers of the day.

    The NSE Nifty50 index ended 46.65 points down at 18487.75, while the 30-share BSE Sensex closed down 193.7 points at 62428.54.

    Apollo Hospitals Enterprises(up 4.16%), Divis Laboratories(up 2.38%), Tata Motors(up 1.69%), Bajaj Auto(up 1.67%), Asian Paints(up 1.5%), Hero MotoCorp(up 1.47%), Sun Pharmaceutical Industries(up 1.27%), Cipla(up 1.23%), Eicher Motors(up 1.2%) and Hindustan Unilever(up 1.14%) stood among the top gainers in the Nifty pack.

    On the other hand, Coal India(down 4.52%), Kotak Mahindra Bank(down 4.18%), Bharti Airtel(down 2.58%), SBI Life(down 2.21%), HDFC LIFE INSURANCE(down 1.71%), ICICI Bank(down 1.37%), ITC(down 1.3%), UPL Ltd(down 1.04%), Grasim Industries(down 0.93%) and Adani Ports & Special Economic Zone(down 0.92%) closed in the red.



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