Latest Stock Market News

The Indian stock market is experiencing one of its longest corrections, with the Nifty 200 dropping nearly 16% over 165 days. The prolonged downturn is driven by weak corporate earnings, expensive valuations, and significant FII outflows, rather than a major external crisis.

Adani Green Energy Ltd (AGEL) has successfully commissioned a 250 MW solar power project in Kadapa, Andhra Pradesh, boosting its total renewable energy capacity to 12,591.1 MW. The project aligns with India’s clean energy goals. Despite an 85% rise in net profit for Q3, AGEL’s stock has faced a 57.3% decline over the past year.

A shift below the VWAP suggests a potential bearish trend, according to technical scan data from StockEdge

The country’s strong demographic advantage, digital transformation, and rising market capitalization are increasingly positioning it as a standalone investment destination, much like the U.S. and China.

While the prevailing conditions suggest that interest rates may remain high, which could limit gold’s upside, any sudden escalation in global tensions could trigger a strong rally

According to Mint reports, the stake sale may be carried out in several small tranches rather than a single offering in the upcoming fiscal year, depending on favorable market conditions, as the government aims to maximize the value of its stake in the insurer.

RVNL shares: The project entails building a 6-lane access-controlled road to Visakhapatnam Port, spanning from Sabbavaram to Sheelanagar junction and bypassing the Anakapalli-Anandapuram corridor.

The Indian market is expected to consolidate on Wednesday, with the Nifty50 closing 37 points higher in the previous session. The India VIX rose slightly, signaling increased volatility. Analysts suggest that the Nifty could see further upside if it sustains above key resistance levels, but a pullback is possible if it fails to hold gains.

Indian benchmark indices started higher on Wednesday, driven by gains across most sectors excluding IT. The BSE Sensex rose 257.28 points with Tata Motors leading the gains, while Bharti Airtel surged on a partnership with Elon Musk s SpaceX to offer Starlink internet services in India.

Reliance Industries shares: Jio and SpaceX are exploring additional areas of collaboration, potentially involving technology sharing, infrastructure development, and integration with Jio s existing telecom network.