Stock market update: Power stocks down as market falls

[view original post]

NEW DELHI: Power stocks were trading lower on Monday at 11:05AM

KPI Green Energy(up 4.19%), Adani Transmissions(up 2.79%), ADANIGREEN(up 2.44%), Karma Energy(up 0.41%) and Power Grid Corporation of India(up 0.04%) were among the top gainers.

Suzlon Energy(down 4.07%), Orient Green Power Company(down 3.98%), Reliance Power(down 3.69%), Tata Power Company(down 3.19%), DPSC(down 3.11%), Transformers and Rectifiers(India)(down 3.01%), NLC India(down 2.90%), NHPC(down 2.89%), Jaiprakash Power Ventures(down 2.86%) and Inox wind(down 2.80%) were among the top losers.

The NSE Nifty50 index was trading 396.3 points down at 15805.5, while the 30-share BSE Sensex was down 1371.87 points at 52931.57 at around 11:05AM.

Nestle India(up 0.08%) and Power Grid Corporation of India(up 0.04%) were among the top gainers in the Nifty pack.

On the other hand, IndusInd Bank(down 5.17%), Bajaj Finserv(down 5.14%), Bajaj Finance(down 4.64%), Hindalco Industries(down 4.34%), ICICI Bank(down 4.21%), Tata Motors(down 3.76%), Larsen & Toubro(down 3.59%), Tech Mahindra(down 3.39%), Tata Consultancy(down 3.32%) and Kotak Mahindra Bank(down 3.29%) were trading in the red.