Stock market update: Power stocks down as market falls

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

Karma Energy(up 3.69%), KPI Green Energy(up 0.30%) and Kalpataru Projects International(up 0.02%) stood among the top gainers.

Jaiprakash Power Ventures(down 7.65%), Adani Power(down 6.12%), DPSC(down 5.78%), Reliance Power(down 5.31%), Suzlon Energy(down 4.98%), Orient Green Power Company(down 4.98%), Gujarat Industries Power(down 4.95%), RTNPOWER(down 4.32%), SJVN(down 4.06%) and Transformers and Rectifiers(India)(down 3.88%) were among the top losers of the day.

The NSE Nifty50 index ended 141.15 points down at 19512.35, while the 30-share BSE Sensex closed down 483.24 points at 65512.39.

Dr. Reddy’s Laboratories Ltd.(up 1.28%), HCL Technologies Ltd.(up 0.96%), Tata Consumer Products Ltd.(up 0.67%), Hindustan Unilever Ltd.(up 0.47%), Tata Consultancy Services Ltd.(up 0.46%) and Oil And Natural Gas Corporation Ltd.(up 0.13%) stood among the top gainers in the Nifty pack.

On the other hand, Adani Ports & Special Economic Zone Ltd.(down 4.89%), Hero MotoCorp Ltd.(down 2.72%), HDFC Life Insurance Company Ltd.(down 2.49%), Mahindra & Mahindra Ltd.(down 2.17%), Bharat Petroleum Corporation Ltd.(down 2.07%), Bajaj Finance Ltd.(down 1.72%), Tata Steel Ltd.(down 1.62%), State Bank of India(down 1.53%), Adani Enterprises Ltd.(down 1.43%) and Kotak Mahindra Bank Ltd.(down 1.41%) closed in the red.

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