Stock market update: Power stocks up as market rises

The 30-share BSE Sensex closed up 762.1 points at 62272.68

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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 shares closed higher in the Thursday's session.

SJVN(up 7.31%), KPI Green Energy(up 5.75%), NLC India(up 5.23%), PIGL(up 4.72%), Jyoti Structures(up 3.86%), NHPC(up 3.70%), Power Grid Corporation of India(up 2.60%), Energy Development Company(up 2.58%), Gujarat Industries Power(up 1.69%) and Alstom T&D India(up 1.58%) stood among the top gainers.

Suzlon Energy-Partly Pd up Right Is(down 2.73%), Adani Transmissions(down 2.31%), Inox Wind Energy(down 2.08%), CESC(down 1.90%), Jaiprakash Power Ventures(down 1.34%), DPSC(down 0.76%), Voltamp Transformers(down 0.70%), GE Power India Limited(down 0.46%), Indo Tech Transformers(down 0.46%) and Indowind Energy(down 0.36%) were among the top losers of the day.


The NSE Nifty50 index ended 216.85 points up at 18484.1, while the 30-share BSE Sensex closed up 762.1 points at 62272.68.

Apollo Hospitals Enterprises(up 4.56%), HDFC LIFE INSURANCE(up 4.55%), Bharat Petroleum Corporation(up 3.5%), Infosys(up 2.95%), TATA CONSUMER PRODUCTS(up 2.93%), Power Grid Corporation of India(up 2.6%), Wipro(up 2.44%), Tech Mahindra(up 2.42%), HCL Technologies(up 2.37%) and Tata Consultancy(up 2.17%) stood among the top gainers in the Nifty pack.

On the other hand, Cipla(down 1.14%), Coal India(down 0.91%), Kotak Mahindra Bank(down 0.44%), Tata Motors(down 0.15%), Bajaj Finance(down 0.13%), Bajaj Finserv(down 0.13%) and Eicher Motors(down 0.11%) closed in the red.
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