New Delhi: On Monday, shares in the power sector didn’t do well, with many falling sharply. Some of the biggest losers included Jyoti Structures Ltd. (down 7.88%), Indowind Energy Ltd. (down 6.90%), and Adani Power Ltd. (down 6.72%). Other companies like India Power Corporation Ltd. and SJVN Ltd. also saw big drops. Overall, the NSE Nifty50 index fell by 345.55 points to finish at 23085.95, while the BSE Sensex lost 1048.9 points, ending at 76330.01.
Despite the bad news in power stocks, a few companies made gains. Axis Bank Ltd. increased by 0.83%, Tata Consultancy Services Ltd. went up by 0.6%, IndusInd Bank Ltd. rose by 0.44%, and Hindustan Unilever Ltd. added 0.37% to their value.
On the flip side, other companies like Adani Enterprises Ltd. (down 6.29%) and Bharat Petroleum Corporation Ltd. (down 4.45%) also saw declines. The overall market ended in the red, but a few banks and companies managed to stay afloat.
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