Stock market update: Power stocks down as market falls

NEW DELHI: Power stocks were trading lower on Wednesday at 11:06AM

SJVN(up 1.32%), Karma Energy(up 0.88%), KPI Green Energy(up 0.64%) and KEC International(up 0.23%) were among the top gainers.

Jyoti Structures(down 4.69%), PTC India(down 4.43%), Adani Power(down 3.90%), Adani Transmissions(down 3.70%), Energy Development Company(down 2.88%), Indo Tech Transformers(down 2.88%), Transformers and Rectifiers(India)(down 2.75%), RTNPOWER(down 2.60%), Orient Green Power Company(down 2.24%) and Reliance Power(down 1.89%) were among the top losers.

The NSE Nifty50 index was trading 178.85 points down at 17939.45, while the 30-share BSE Sensex was down 581.87 points at 60396.88 at around 11:06AM.

Maruti Suzuki(up 0.92%), Hindalco Industries(up 0.59%), Bajaj Auto(up 0.47%), Tata Steel(up 0.33%) and Hindustan Unilever(up 0.27%) were among the top gainers in the Nifty pack.

On the other hand, Adani Ports & Special Economic Zone(down 5.85%), State Bank of India(down 3.11%), Adani Enterprises(down 2.7%), IndusInd Bank(down 2.17%), HDFC Bank(down 1.8%), Larsen & Toubro(down 1.76%), UltraTech Cement(down 1.66%), Axis Bank(down 1.59%), HDFC(down 1.47%) and Apollo Hospitals Enterprises(down 1.44%) were trading in the red.