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Stock market update: Energy shares slide; Adani Transmissions plummets 6%

Stock market update: Energy shares slide; Adani Transmissions plummets 6%

NEW DELHI: Shares of energy companies were trading with losses in Wednesday’s morning session.

Shares of Adani Transmissions (down 5.85 per cent), Tata Power Company (down 4.93 per cent), GAIL (India) (down 3.55 per cent), Reliance Industries (down 0.98 per cent) and Indian Oil Corporation (down 0.86 per cent) were among the top gainers in the index.

HPCL (down 0.78 per cent), Bharat Petroleum Corporation (down 0.71 per cent) and NTPC (down 0.68 per cent) too were in the red.

The Nifty Energy index was trading 1.09 per cent down at 14,298.95 around 10:30 am.

Benchmark NSE Nifty50 index was down 86.15 points at 11,711.75, while the BSE Sensex was 268.03 points at 40,013.17.

Among the 50 stocks in the Nifty index, 8 were trading in the green, while 42 were in the red.

Shares of Vodafone Idea, YES Bank, Tata Motors, Ashok Leyland, SBI, Indiabulls Housing, JSPL, GMR Infra, SAIL and Tata Power were among the most traded shares on the NSE.

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