Stock market update: Power stocks up as market rises

The 30-share BSE Sensex was up 351.34 points at 56670.35

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
NEW DELHI: Power stocks were trading higher on Wednesday at 11:10AM

Jaiprakash Power Ventures Ltd.(up 6.00%), Energy Development Company Ltd.(up 4.97%), Karma Energy Ltd.(up 4.96%), Indowind Energy Ltd.(up 4.95%), Orient Green Power Company Ltd.(up 4.89%), RattanIndia Power Ltd.(up 4.85%), Suzlon Energy Ltd.(up 4.70%), Neueon Towers Ltd.(up 3.77%), India Power Corporation Ltd.(up 3.25%) and Reliance Power Ltd.(up 3.17%) were among the top gainers.

Power Grid Corporation of India(down 3.53%), K.P.I. Global Infras(down 3.19%), Indo Tech Transformers(down 0.23%) and Torrent Power(down 0.18%) were among the top losers.


The NSE Nifty50 index was trading 106.5 points up at 16877.35, while the 30-share BSE Sensex was up 351.34 points at 56670.35 at around 11:10AM.

UPL Ltd(up 2.69%), Tata Motors(up 2.62%), Hindalco Industries(up 2.58%), Bajaj Finance(up 2.2%), Bharti Airtel(up 2.14%), Eicher Motors(up 2.01%), Bharat Petroleum Corporation(up 1.89%), IndusInd Bank(up 1.62%), State Bank of India(up 1.55%) and Shree Cement(up 1.36%) were among the top gainers in the Nifty pack.

On the other hand, Power Grid Corporation of India(down 3.48%), Nestle India(down 0.93%), Wipro(down 0.91%), Adani Ports & Special Economic Zone(down 0.47%), SBI Life(down 0.41%), HDFC(down 0.39%), Asian Paints(down 0.35%), Indian Oil Corporation(down 0.27%), ITC(down 0.26%) and Divis Laboratories(down 0.22%) were trading in the red.
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