Market Now: Power stocks fail to light up; GMR Infra, Reliance Power top losers

NEW DELHI: A majority of power stocks languished in afternoon trade on Thursday.

The BSE Power index was trading lower by 1.60 per cent at 2,158 around 1 pm. GMR Infrastructure (down 4.62 per cent) and Reliance Power (3.59 per cent) went off the grid.

Tata Power Company, Torrent Power, Reliance Infrastructure, PTC India, BHEL and Power Grid Corporation of India tanked over 2 per cent. Stocks such as Suzlon Energy, CG Power and Industrial Solutions, NTPC, NHPC and Adani Power slipped over 1 per cent.


JSW Energy (up 0.36 per cent) was the only stock on the index that kept its neck above water.

Equity benchmarks nosedived, hit by selling in select FMCG, auto, IT, pharma and metal shares.

The NSE Nifty slipped 28 points to 10,713 while the BSE Sensex hit 35,275, a loss of 45 points.

In the Sensex lot, 11 went higher, but 20 reeled.

Dr Reddy's Labs, Power Grid, Tata Motors, Sun Pharma and Tata Steel were the big losers in the Sensex kitty.