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Share market update: Infra stocks trade lower; RInfra slumps 5%

NEW DELHI: Shares of infrastructure companies were trading in the negative zone in Wednesday’s afternoon session.

Shares of Reliance Infrastructure (down 4.82 per cent) , Reliance Power (down 4.48 per cent) , CG Power and Industrial Solutions (down 3.57 per cent) and Suzlon Energy (down 2.17 per cent) were trading lower.

Larsen & Toubro (down 1.83 per cent) , IRB Infrastructure Developers (down 1.74 per cent) , Container Corporation of India (down 0.81 per cent) and Power Grid Corporation of India (down 0.55 per cent) were the top losers in the index.

The Nifty Infrastructure index was trading 0.59 per cent down at 3272.60 around 12:35 pm.

Benchmark NSE Nifty50 index was down 12.60 points at 11,981.60, while the BSE Sensex was 45.03 points at 40,630.42 .

Among the 50 stocks in the Nifty index, 27 were trading in the green, while 22 were in the red.

Shares of Vodafone Idea, YES Bank, Tata Motors, Bharti Infratel, PNB, SAIL, ICICI Bank, ZEEL and Bank of Baroda were among the most traded shares on the NSE.

Source: Economic Times