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    Stock market update: Power stocks down as market falls

    Synopsis

    The 30-share BSE Sensex closed down 187.31 points at 60858.43

    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.

    Energy Development Company(up 7.79%), PTC India(up 4.97%), Jyoti Structures(up 4.62%), Kalpataru Power Transmission(up 3.15%), Transformers and Rectifiers(India)(up 2.75%), Hitachi Energy India(up 1.42%), Indo Tech Transformers(up 1.11%), Adani Transmissions(up 0.86%), Inox Wind Energy(up 0.67%) and Power Grid Corporation of India(up 0.64%) stood among the top gainers.

    ADANIGREEN(down 6.80%), Torrent Power(down 4.96%), Karma Energy(down 4.24%), Indowind Energy(down 4.14%), KPI Green Energy(down 2.50%), Orient Green Power Company(down 2.33%), Alstom T&D India(down 1.76%), Suzlon Energy(down 1.53%), Suzlon Energy-Partly Pd up Right Is(down 1.37%) and NLC India(down 1.33%) were among the top losers of the day.

    The NSE Nifty50 index ended 57.5 points down at 18107.85, while the 30-share BSE Sensex closed down 187.31 points at 60858.43.

    Coal India(up 3.27%), UPL Ltd(up 2.08%), Oil & Natural Gas Corporation(up 1.68%), Bharat Petroleum Corporation(up 1.04%), SBI Life(up 0.95%), Tata Steel(up 0.9%), HDFC LIFE INSURANCE(up 0.7%), Power Grid Corporation of India(up 0.64%), Axis Bank(up 0.51%) and Tech Mahindra(up 0.47%) stood among the top gainers in the Nifty pack.

    On the other hand, Adani Enterprises(down 3.7%), Asian Paints(down 2.69%), Tata Motors(down 1.87%), IndusInd Bank(down 1.84%), Kotak Mahindra Bank(down 1.77%), Titan Company Ltd(down 1.61%), TATA CONSUMER PRODUCTS(down 1.6%), Hindustan Unilever(down 1.36%), Adani Ports & Special Economic Zone(down 1.33%) and UltraTech Cement(down 0.98%) closed in the red.



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