Stock market update: Power stocks down as market rises

NEW DELHI: Power stocks were trading lower on Wednesday at 10:50AM

PTC India(up 4.95%), KPI Green Energy(up 4.24%), Inox wind(up 2.81%), NLC India(up 1.37%), CESC(up 1.16%), SJVN(up 0.74%), Suzlon Energy-Partly Pd up Right Is(up 0.68%), Indo Tech Transformers(up 0.64%), KEC International(up 0.46%) and Voltamp Transformers(up 0.43%) were among the top gainers.

Jyoti Structures(down 4.84%), ADANIGREEN(down 3.44%), Energy Development Company(down 1.46%), Kalpataru Power Transmission(down 1.39%), Adani Power(down 1.15%), Hitachi Energy India(down 1.11%), Transformers and Rectifiers(India)(down 0.97%), Orient Green Power Company(down 0.91%), Alstom T&D India(down 0.84%) and Adani Transmissions(down 0.71%) were among the top losers.

The NSE Nifty50 index was trading 65.35 points up at 18118.65, while the 30-share BSE Sensex was up 253.42 points at 60909.14 at around 10:50AM.

Tata Steel(up 2.18%), Hindalco Industries(up 1.87%), HDFC Bank(up 1.4%), Wipro(up 1.39%), Oil & Natural Gas Corporation(up 1.22%), HDFC(up 1.21%), Kotak Mahindra Bank(up 1.14%), SBI Life(up 1.1%), HCL Technologies(up 1.08%) and Grasim Industries(up 0.94%) were among the top gainers in the Nifty pack.

On the other hand, Adani Enterprises(down 2.87%), Tata Motors(down 1.38%), HDFC LIFE INSURANCE(down 1.3%), Bharat Petroleum Corporation(down 0.88%), Adani Ports & Special Economic Zone(down 0.83%), Mahindra & Mahindra(down 0.55%), State Bank of India(down 0.47%), Hero MotoCorp(down 0.43%), Bajaj Auto(down 0.41%) and Cipla(down 0.32%) were trading in the red.