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Stock market update: Power stocks down as market falls

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NEW DELHI: Power shares closed lower in the Monday’s session.
Energy(up 4.75%), PIGL(up 4.70%), Reliance Power(up 4.58%),

Transformers(up 3.52%),

of India(up 2.83%), Jaiprakash Power Ventures(up 1.45%), PTC India(up 1.01%) and NLC India(up 0.37%) stood among the top gainers.

Tata Power Company(down 6.20%), ADANIGREEN(down 5.86%), JSW Energy(down 5.13%), K.P.I. Global Infras(down 4.94%), Indo Tech Transformers(down 4.15%), Adani Transmissions(down 4.01%), Karma Energy(down 3.78%), Adani Power(down 3.58%), Jyoti Structures(down 3.50%) and Transformers and Rectifiers(India)(down 3.21%) were among the top losers of the day.

The NSE Nifty50 index ended 109.4 points down at 16301.85, while the 30-share BSE Sensex closed down 364.91 points at 54470.67.

Power Grid Corporation of India(up 2.83%), HCL Technologies(up 2.47%), Bajaj Auto(up 1.97%), Infosys(up 1.78%), Divis Laboratories(up 1.57%),

Suzuki(up 1.11%), Bajaj Finserv(up 1.05%), HDFC(up 0.82%), Bajaj Finance(up 0.61%) and SBI Life(up 0.5%) stood among the top gainers in the Nifty pack.

On the other hand, Reliance Industries(down 3.91%), Nestle India(down 2.89%), IndusInd Bank(down 2.81%), Hero MotoCorp(down 2.75%), Tata Steel(down 2.45%), Adani Ports & Special Economic Zone(down 2.32%), Coal India(down 2.32%), Tech Mahindra(down 2.29%), JSW Steel(down 1.75%) and

Industries(down 1.69%) closed in the red.