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Share market update: Power shares fall; Tata Power, NTPC among top losers

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NEW DELHI: Power shares fell with the S&P BSE Power index trading lower in Monday’s afternoon trading session.

Shares of KEC International (down 2.68 per cent), CG Power and Industrial Solutions (down 2.24 per cent), ABB India (down 1.75 per cent)and JSW Energy (down 1.64 per cent) were trading with losses.

Tata Power Company (down 1.53 per cent), GMR Infrastructure (down 1.50 per cent)and NTPC (down 1.32 per cent) too were trading in the red.

S&P BSE Power index was trading 1.02 per cent down at 1956.23 around 12:10 pm on Monday.

Benchmark NSE Nifty50 index was down 94.50 points at 10,700.45 while the BSE Sensex was down 290.70 points at 35,719.14.

Among the 50 stocks in the Nifty index, 6 were trading in the green, while 44 were in the red.

Shares of Reliance Communications, YES Bank, Vakrangee, NTPC, Federal Bank, JP Associates, Infosys, Jet Airways, JSPL, HFCL, Suzlon Energy, Arvind, Escorts, Spicejet, Adani Power, South Indian Bank and NCC were among the most traded shares on the NSE.

Source: Economic Times