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Stock market update: Power stocks up as market rises

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NEW DELHI: Power stocks were trading higher on Wednesday at 11:21AM

Gujarat Industries Power(up 6.45%), PTC India(up 6.10%), NLC India(up 5.88%), Indowind Energy(up 4.93%), Orient Green Power Company(up 4.48%), Adani Transmissions(up 3.64%), Jaiprakash Power Ventures(up 3.53%), Reliance Power(up 2.96%), NTL(up 2.27%) and Karma Energy(up 1.78%) were among the top gainers.

K.P.I. Global Infras(down 3.00%), Tata Power Company(down 1.67%), JSW Energy(down 1.61%), Adani Power(down 1.55%), Torrent Power(down 0.54%), Transformers and Rectifiers(India)(down 0.47%), Power Grid Corporation of India(down 0.42%), Inox wind(down 0.30%), Indo Tech Transformers(down 0.20%) and CESC(down 0.11%) were among the top losers.

The NSE Nifty50 index was trading 14.45 points up at 17836.75, while the 30-share BSE Sensex was up 59.02 points at 59803.9 at around 11:21AM.

Oil & Natural Gas Corporation(up 3.39%), UPL Ltd(up 3.1%), TATA CONSUMER PRODUCTS(up 2.55%), Britannia Industries(up 1.98%), HDFC(up 1.42%), HDFC Bank(up 1.4%), Bharat Petroleum Corporation(up 1.39%), Indian Oil Corporation(up 0.89%), Axis Bank(up 0.84%) and HDFC LIFE INSURANCE(up 0.63%) were among the top gainers in the Nifty pack.

On the other hand, SBI Life(down 2.4%), HCL Technologies(down 1.11%), Titan Company Ltd(down 1.08%), Hindalco Industries(down 1.08%), JSW Steel(down 1.04%), Divis Laboratories(down 1.01%), Tata Motors(down 0.99%), Wipro(down 0.9%), Sun Pharmaceutical Industries(down 0.88%) and Dr Reddys Laboratories(down 0.86%) were trading in the red.