Stock market update: Power stocks down as market falls

NEW DELHI: Power stocks were trading lower on Friday at 10:14AM

Transformers & Rectifiers(India)Ltd.(up 4.91%), Tata Power Company Ltd.(up 2.38%), Indo Tech Transformers Ltd.(up 2.02%), Adani Energy Solutions Ltd.(up 1.95%), Torrent Power Ltd.(up 1.47%), Voltamp Transformers Ltd.(up 1.41%), NTPC Ltd.(up 1.36%), Inox Wind Ltd.(up 1.34%), PTC India Ltd.(up 0.80%) and NHPC Ltd.(up 0.65%) were among the top gainers.

Reliance Power Ltd.(down 3.89%), Indowind Energy Ltd.(down 3.62%), Jyoti Structures Ltd.(down 2.55%), GE T&D India Ltd.(down 1.81%), Adani Power Ltd.(down 1.25%), KEC International Ltd.(down 1.16%), India Power Corporation Ltd.(down 1.15%), Gujarat Industries Power Company Ltd.(down 1.12%), NLC India Ltd.(down 1.06%) and Orient Green Power Company Ltd.(down 0.94%) were among the top losers.

The NSE Nifty50 index was trading 108.25 points down at 22645.55, while the 30-share BSE Sensex was down 423.5 points at 74614.65 at around 10:14AM.

Divi's Laboratories Ltd.(up 1.55%), Coal India Ltd.(up 1.34%), NTPC Ltd.(up 1.34%), Tata Motors Ltd.(up 1.15%), Nestle India Ltd.(up 0.91%), Bajaj Auto Ltd.(up 0.71%), LTIMindtree Ltd.(up 0.59%), Dr. Reddy's Laboratories Ltd.(up 0.37%), Eicher Motors Ltd.(up 0.35%) and Adani Ports & Special Economic Zone Ltd.(up 0.29%) were among the top gainers in the Nifty pack.

On the other hand, Sun Pharmaceutical Industries Ltd.(down 2.38%), JSW Steel Ltd.(down 1.68%), Asian Paints Ltd.(down 1.58%), Titan Company Ltd.(down 1.47%), ITC Ltd.(down 1.42%), HDFC Bank Ltd.(down 1.31%), Kotak Mahindra Bank Ltd.(down 1.08%), Maruti Suzuki India Ltd.(down 1.08%), UltraTech Cement Ltd.(down 0.96%) and Tech Mahindra Ltd.(down 0.89%) were trading in the red.