Stock market update: Power stocks up as market falls

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NEW DELHI: Power stocks were trading higher on Tuesday at 11:15AM

DPSC(up 6.45%), Orient Green Power Company(up 4.95%), Transformers and Rectifiers(India)(up 4.88%), Indowind Energy(up 4.48%), Energy Development Company(up 4.32%), Reliance Power(up 3.85%), Adani Transmissions(up 3.45%), NHPC(up 2.74%), Hitachi Energy India(up 2.19%) and Suzlon Energy(up 2.17%) were among the top gainers.

Inox Wind Energy(down 1.86%),

Limited(down 0.77%),

Transmission(down 0.71%), Tata Power Company(down 0.67%), Indo Tech Transformers(down 0.53%), KPI Green Energy(down 0.43%), CESC(down 0.25%), Inox wind(down 0.21%) and Alstom T&D India(down 0.09%) were among the top losers.

The NSE Nifty50 index was trading 85.45 points down at 17254.6, while the 30-share BSE Sensex was down 258.12 points at 57857.38 at around 11:15AM.

State Bank of India(up 1.93%), IndusInd Bank(up 1.91%), Divis Laboratories(up 0.98%), ITC(up 0.96%), Asian Paints(up 0.89%),

Enterprises(up 0.86%), Grasim Industries(up 0.77%), Hindustan Unilever(up 0.72%), Coal India(up 0.66%) and Nestle India(up 0.63%) were among the top gainers in the Nifty pack.
On the other hand, UPL Ltd(down 3.45%), Hindalco Industries(down 3.27%), Hero MotoCorp(down 2.39%), Eicher Motors(down 2.28%), SBI Life(down 1.92%), HDFC(down 1.87%), Larsen & Toubro(down 1.63%), Tech Mahindra(down 1.52%), Oil & Natural Gas Corporation(down 1.48%) and Bharti Airtel(down 1.36%) were trading in the red.