Indian Equity Market Update

03 Apr 2024 CW Team

The Indian equity market witnessed mixed sentiments today, with benchmark indices fluctuating marginally. The Nifty and Sensex showcased a volatile trading session, influenced by various domestic and global factors.

Several sectors exhibited diverse performance, with IT, pharma, and FMCG stocks showing resilience, while banking and financial stocks experienced moderate declines. Investors remained cautious amid concerns over inflationary pressures and geopolitical uncertainties.

Mid-cap and small-cap stocks witnessed mixed movements, reflecting divergent investor sentiment towards emerging opportunities and perceived risks. Market participants continued to monitor corporate earnings, economic indicators, and policy developments for cues on market direction.

Foreign institutional investors (FIIs) remained net sellers in the market, while domestic institutional investors (DIIs) provided some support through selective buying. The rupee remained relatively stable against the US dollar, providing stability to the overall market sentiment.

Amidst ongoing volatility, market analysts advised investors to adopt a prudent approach and focus on quality stocks with strong fundamentals and growth potential. Diversification and risk management strategies were emphasised to navigate uncertainties and capitalise on opportunities in the equity market.

Looking ahead, market participants are expected to closely monitor global cues, corporate earnings announcements, and developments related to economic indicators and policy decisions. The resilience of the Indian equity market amidst prevailing challenges underscores its attractiveness as a viable investment avenue for both domestic and international investors.

Infrastructure Energy

28 Aug 2025

MSRDC to Power Samruddhi Expressway with Renewable Energy

The Hindu Hrudaysamrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg (HHBTMSM), popularly known as the Samruddhi Expressway, is set to become more than a high-speed corridor between Mumbai and Nagpur. Soon, it will also double as a renewable energy hub.The Maharashtra State Road Development Corporation (MSRDC) has launched plans to install hybrid power systems—solar panels paired with wind turbines—along the 701-km stretch. A special purpose vehicle, Mahasamruddhi Renewable Energy Limited, has been incorporated to implement the project.The initiative targets 150–200 MW of solar powe..

Jakson Engineers to Set up Rs 80 Bn Solar Manufacturing Hub in Madhya Pradesh

Jakson Engineers, part of the Jakson Group, has announced an investment of over Rs 8,000 crore to establish a 6 GW integrated solar module, cell and wafer plant at Maksi Phase II, Madhya Pradesh. This marks the largest solar manufacturing investment in the state to date.The project will be developed in two phases across 110 acres recently allotted to the company. In Phase I, Jakson will commission 3 GW of solar modules and 3 GW of solar cells with an investment of Rs 20 billion. Phase II will add a 6 GW solar wafer unit along with an additional 3 GW each of modules and cells, involving an inve..

Adani Green Energy Upgraded To AA ‘Stable’ By CareEdge

Adani Green Energy (AGEL), India’s largest renewable energy developer, has received a credit rating upgrade from AA- to AA with a ‘Stable’ outlook by CareEdge Ratings.The agency cited AGEL’s market leadership, execution capabilities, and strong operational and financial profile as key drivers of the upgrade.As of June 30, 2025, AGEL had an operational portfolio of 15.8 GWAC, comprising 70 per cent solar, 13 per cent wind, and 17 per cent hybrid assets. The company is also developing another 15.1 GWAC over the next four to five years, including large-scale projects in Khavda, Gujarat, w..