Stock market update: Power stocks up as market rises

Stock market update: Power stocks up as market rises

Synopsis

The 30-share BSE Sensex closed up 180.22 points at 52973.84

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Nifty moved in a tight range of 82 points, and ended slightly below the psychologically crucial level of 15,700.

NEW DELHI: Power shares closed higher in the Monday’s session.

ADANIGREEN(up 5.07%), Orient Green Power Company(up 5.00%), KPI Green Energy(up 5.00%), Adani Power(up 4.99%), Energy Development Company(up 4.93%), Karma Energy(up 4.92%), Jaiprakash Power Ventures(up 3.10%), NTPC(up 2.84%), Adani Transmissions(up 2.71%) and Indowind Energy(up 2.62%) stood among the top gainers.

Jyoti Structures(down 4.91%), Reliance Power(down 4.80%), Inox wind(down 4.55%), Transformers and Rectifiers(India)(down 4.23%), Alstom T&D India(down 2.05%), NLC India(down 1.74%),

Transmission(down 1.68%), Power Grid Corporation of India(down 0.47%), Torrent Power(down 0.42%) and Indo Tech Transformers(down 0.22%) were among the top losers of the day.

The NSE Nifty50 index ended 60.15 points up at 15842.3, while the 30-share BSE Sensex closed up 180.22 points at 52973.84.

Eicher Motors(up 7.62%),

Enterprises(up 3.92%), NTPC(up 2.84%), UPL Ltd(up 2.65%), Bajaj Finance(up 2.35%), State Bank of India(up 2.33%), Maruti Suzuki(up 2.05%), Bajaj Auto(up 2.02%), Hero MotoCorp(up 1.91%) and Kotak Mahindra Bank(up 1.87%) stood among the top gainers in the Nifty pack.

On the other hand, UltraTech Cement(down 2.97%), Shree Cement(down 2.59%), Asian Paints(down 2.09%), ITC(down 1.74%), Grasim Industries(down 1.55%), Divis Laboratories(down 1.47%), Tech Mahindra(down 1.15%), Nestle India(down 1.12%), Tata Consultancy(down 1.12%) and Infosys(down 1.02%) closed in the red.

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