Top losers on the Nifty were Bharti Airtel, HUL, ONGC, Apollo Hospitals and Tata Steel, while gainers included Power Grid Corporation, Adani Ports, UltraTech Cement, Cipla and Grasim Industries

The project comprises establishment of a new 765/400kV switching station at Vataman in Ahmedabad district, 3 number of 765kV D/c transmission lines (including a LILO line) traversing in the state of Gujarat as well as extension works at Navsari and Halvad substations.

IDFC First Bank has seen a horizontal resistance trendline breakout adjoining multiple resistance points. The stock has formed bullish candlestick pattern with upper shadow on the daily charts, with above average volumes.

Nestle India, Tata Consultancy Services (TCS) and Bajaj Auto are other stocks in its December 2023 All-Season portfolio, which have outperformed the Nifty index in both absolute and risk-adjusted terms, a Quant Research report said

The share touched a 52-week high of Rs 215.10 and a 52-week low of Rs 153.34 on 13 November, 2023 and 09 January, 2023, respectively.

Indian equities also rose after dovish commentary from a US Federal Reserve official elevated bets of rate cuts by as early as March 2024. Fed governor Christopher Waller flagged the possibility of lowering the interest rate in the months ahead if inflation continued to come down.

It informed that the company has received notices from NSE and BSE on November 21, 2023, regarding non-compliance with the provision of Regulation 17(1) of the Sebi (LODR) for not having a requisite number of independent directors (including one woman independent director) on the Board during the quarter ended September 30, 2023.

The project will be challenging because of the terrain and the climatic conditions, and is expected to take about five years to complete. It will form a major part of India’s green energy goal by the year 2030.

#POWERGRID INTRADAY TRADE👉🏻 ANALYSIS BASED ON SIMPLE PRICE ACTION👉🏻RANGE CONSOLIDATION

The BSE Sensex climbed 306.55 points or 0.47% to settle at 65,982.48. During the day, it jumped 682.44 points or 1% to 66,358.37.

Rakesh Roy, an engineer from Kerala, has made the state's first self-identified private small hydroelectric project. Mukkudam Small Hydroelectric Project in Idukki last month started to supply power to the Kerala State Electricity Board (KSEB) Limited. Roy has said that his childhood inspiration drove him to create the hydroelectric project.

Internet, GPS system may be hampered by the heightened solar activity, according to claims made by a researcher.

Sharekhan is bullish on Power Grid Corporation of India has recommended buy rating on the stock with a target price of Rs 240 in its research report dated November 09, 2023.

As winter approaches, Russia has launched 60 attacks on Ukrainian energy infrastructure in recent weeks. Ukraine fears that Russia is embarking on a campaign to disrupt the power grid for a second winter. Last year, Russia targeted Ukraine's power sector, causing widespread blackouts. While Ukraine has improved its air defenses, its energy system remains vulnerable from previous attacks.

Power Grid stock has given a return of 13.05 percent over the last six months. The benchmark Nifty50 index has given a return of 6.28 percent over the same duration.

“The IT sector has near-term challenges but broadly the space is one where the management quality is pristine. Again, they do not have too much borrowing. In fact, most of them are net cash companies. We are looking at it beyond the current cyclical downturn. I think they will be back on the growth trajectory in a few years.”

Its revenue from oprations came in at Rs 11,267.07 crore, up 1.04 percent against Rs 11,150.57 crore in the corresponding quarter last year.

Revenue from operations, however, declined marginally by 0.5% on year to Rs 10,419.41 crore. The mainstay transmission business saw a 0.5% drop in revenue to Rs 10,359 crore. The consultancy business reported a 13% growth in revenue to Rs 157 crore. The operating profit, calculated as earnings before interest, taxes, depreciation, and amortisation (EBITDA), rose nearly 4% on year to Rs 9,207.32 crore. Operating margin improved 363 basis points to 88.37%.

Bajaj Finance has launched the share sale programme to qualified institutional buyers on Monday, and the floor price for the same has been set at Rs 7,533.81 a share.

Analysts expect Power Grid revenues to see a marginal decline due to lower contributions from the consultancy segment and the prior period income of Rs 410 crore.

Last winter, Russia took aim at Ukraine's power grid in an effort to deny civilians light and heating and chip away at the country's appetite for war. Ukrainian officials accused the Kremlin of weaponizing winter.

Skipper said in an exchange filing that the firm won orders in the domestic T&D business of Rs 788 crore from Power Grid Corporation of India Ltd (PGCIL), and orders worth Rs 136 crore for several other domestic T&D projects including Telecom. Meanwhile, Skipper has also given multibagger returns to its investors as the stock has gained nearly 110% in the last six months, while it has gained over 220% in the last two years and over 400% in the last three years.

Ukraine's President Volodymyr Zelenskiy has warned that Ukraine will retaliate if Russia conducts an air campaign to target its power grid this winter. Last winter, Russia attacked power facilities in Ukraine, causing widespread power cuts. Zelenskiy stated that Ukraine is preparing for potential attacks on its energy infrastructure and will not only defend itself but also respond.

A glimpse of this could be seen in the strong inflows in thematic/sectoral funds. Thematic/sectoral funds have garnered inflows of more than Rs 18,900 crore, so far in 2023.

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the project on Green Energy Corridor (GEC) Phase-II - Inter-State Transmission System (ISTS) for 13 gigawatt renewable energy project in Ladakh.

In a day marked by notable market activity, several largecap stocks achieved significant milestones by reaching new 52-week highs on October 17.

The digital revolution in India has led to an increase in cyberattacks, with scammers exploiting the growing online connectivity. One common scam involves enticing victims on messaging platforms to like and subscribe to YouTube videos in exchange for monetary rewards. Victims are then added to a fake Telegram group, where scammers pose as fellow members and convince them to send money to recover earnings.

The power will remain a great story and I think now that the government has realised that renewable power can only do so much, finally there is legitimacy to old thermal power companies and that is what has seen the re-rating whether it is NTPC, whether it is this thing that finally the government of the day is saying I am going to encourage thermal power.

The NSE Nifty 50 index closed 0.72% lower at 19,512, while the S&P BSE Sensex fell 0.73% to 65,512. All the 13 major sectoral indices logged losses. High-weightage banks and oil & gas lost over 1% each, while public sector banks shed 3.09%

The market breadth was in favour of gainers. Around 2,178 shares advanced, 1,361 shares declined and 121 shares were unchanged

From the Sensex pack, Tata Motors, Titan, and Infosys were the top gainers, rising over 1% each. L&T, ICICI Bank, HDFC Bank and UltraTech Cement also opened higher. On the flip side, only Power Grid, Nestle, Axis Bank, and Bharti Airtel opened lower.

PFC transferred subsidiaries Ananthpuram Kurnool Transmission Limited and Bhadla III transmission Limited to Power Grid Corporation of India on September 27

On September 27, Wednesday, Trendlyne reported that over 40 Nifty stocks have experienced a Golden Crossover. ETMarkets has shortlisted 10 stocks from this group that have formed this bullish pattern.

Over the past few months, nearly a dozen companies have announced plans and won orders to implement the smart metering project across locations. Why? Consumption data from these smart meters will help power distributors make distribution more sustainable, curb losses, arrest power thefts and leakages, and balance the grid, directly addressing the climate emergency.

This fund raising will part-finance the company's capex requirement, for providing inter corporate loan(s) to wholly-owned subsidiaries/JVs and for general corporate purposes by securitization of cash flows of four operational SPV (special purpose vehicles) up to March, 2034, the regulatory filing said.

From the Sensex pack, Wipro, HDFC Bank, Power Grid, Sun Pharma, and UltraTech Cement closed in the red, while IndusInd Bank, Maruti, SBI, M&M, and Asian Paints closed higher

From the Sensex pack, SBI, Bajaj Finserv, IndusInd Bank, Bajaj Finance, Maruti, and L&T opened with gains, while Power Grid, Wipro, HUL, Titan, and Asian Paints opened in the red.

The broader NSE Nifty plunged 231 points or 1.15% to end at 19,901. From the Sensex pack, HDFC Bank, JSW Steel, and Reliance Industries were the top laggards, falling 2-4%. UltraTech Cement, Maruti, Tata Steel, and Wipro also ended lower, while Power Grid, Asian Paints, Sun Pharma, Axis Bank, and NTPC closed higher.

Biggest losers on the Nifty were HDFC Bank, JSW Steel, Reliance Industries, BPCL and SBI Life Insurance, while gainers included Power Grid Corporation, Coal India, ONGC, Sun Pharma and Eicher Motors

​So I think that is a good thing. It may last for a while. We should be open to this corrective pullback going on for some time. In terms of levels, the worst case scenario I think would be as low as 19,600, which is just around 61% of the recent rally that we saw from the low in August. It does not necessarily have to go that far, but that is like I said, the worst case scenario. In between, we will be looking at somewhere around 19,780 as an interim support if it holds.

On the weekly options front, the maximum Call OI is placed at 20,200 and then towards 20,500 strikes while the maximum Put OI is placed at 20100 and then towards 20000 strikes.

From the Sensex pack, HDFC Bank, Bharti Airtel, Infosys, UltraTech Cement, Reliance Industries, and Wipro were the top laggards, falling 1-2%. On the flip side, Power Grid, Titan, M&M, NTPC, and Bajaj Finserv closed higher.

NiftyIT salvaged some pride with gains of nearly 1% even as 13 out of 15 sectoral indices ending in the red. NiftyPharma closed with minor gains. The top gainers were TCS, Larsen & Toubro, Infosys, UltraTech Cement and Divi's Laboratories while the top losers included BPCL, NTPC, Power Grid, Adani Enterprises and Coal India

This is the second such successful bid of the company announced since the star of this month under the tariff based competitive bidding.

A strong demand outlook amid growing power consumption scenario along with robust chart structure puts the stock in an enviable position with a potential upside of up to 28% seen over the next 12 months.

The Sensex rose 333.35 points, or 0.50%, to close at 66,598.91. The Nifty gained 92.90 points, or 0.47%, to end at 19,819.95. Both indices, which have gained 1.3% last week and 2.2% in the past six trading sessions, are less than a per cent away from their all-time highs hit on July 20.

Sharekhan is bullish on Power Grid Corporation of India has recommended buy rating on the stock with a target price of Rs 290 in its research report dated September 07, 2023.

The BSE Sensex was trading 68 points or 0.10% lower at 65,812. Nifty50 was trading at 19,590, down 21 points or 0.11% at around 9.16 a.m.

India has already established cross-border interconnections with its neighbours and strengthening of various cross-border links is under process, Singh said.

This project involves building a new electrical station in Dausa, Rajasthan, with the capacity to handle high voltage of about 765/400kV.

From the Sensex stocks, Jio Financial Services, Tata Steel, Tech Mahindra, and Tata Motors opened with gains, while only Power Grid, NTPC, and Asian Paints opened with losses.

The crossing of the 20-day SMA is a significant development, offering insights into short-term market trends and potential shifts in investor sentiment

“Paytm and Zomato continue to deliver better than expected numbers and data points. The only thing is having seen a big run-up, it would make more sense to wait for a 10-15% kind of a dip before buying into these. I would be positive on names like Zomato as well as Paytm but would wait for a small dip.”

Among Sensex stocks, Jio Financial Services, UltraTech Cement, M&M, Wipro, Reliance, Axis Bank, and Infosys opened with cuts, while only Asian Paints and Power Grid opened with gains.

Hartek Solar, one of the top rooftop solar installers in India, is focusing on floating solar projects as they see it as a potential game changer in the future. They are also planning to enter the hydrogen business and are confident in their expertise despite competition from larger corporations.

The bond issue is likely to have a base size of 500 crore and a greenshoe option of 1,400 crore, sources said. “They will most likely look at August 23 for the bidding,” a source said.

The Power Grid stock has gained 14.31 percent over the last six months, compared to an 8.5 percent rise in the Nifty 50 index.

KPIT Technologies has demonstrated its ability to maintain a position above the crucial moving average, indicating an ongoing bullish trend.

As many as 269 inter-state power transmission projects have been completed since 2014, which includes 45 projects under tariff-based competitive bidding mode, Parliament was informed on Thursday. Singh further informed the House that as many as 63 ISTS projects are under progress, out of which 32 projects are under TBCB mode and 31 projects being executed by POWERGRID are under RTM mode.

According to the data from Moneycontrol's July analyst call tracker, several companies have seen significant downgrades by brokerages over the past month.

From the Sensex stocks, ICICI Bank, Maruti, HCL Tech, Wipro, HUL, and Reliance Industries opened in the red, whereas Sun Pharma, NTPC, Power Grid, Titan, Bajaj Finserv, and Nestle opened higher.

Work has started on updating a detailed project report for the connectivity either through overhead line or undersea cable in the sea portion of the connectivity, following a meeting on the proposal last month, said people familiar with the matter. The timeline for a draft detailed project report is September 15, after which it will be discussed between the two sides for finalisation, they said.

The Golden Crossover is a technical chart pattern that occurs when a stock's shorter-term moving average (e.g., 50-day SMA) crosses above its longer-term moving average (e.g., 200-day SMA)

Sharekhan is bullish on Power Grid Corporation of India has recommended buy rating on the stock with a target price of Rs 290 in its research report dated August 01, 2023.

The prime ministers of the three Baltic countries agreed Thursday to speed up their nations' disconnection from Russia's power grid by nearly one year and connect with the continental European energy network by February 2025. In a joint declaration, Kaja Kallas, Krisjanis Karins and Ingrida Simonyte - the leaders of Estonia, Latvia and Lithuania, respectively - pledged the countries would complete the decoupling as soon as the technical capacity was in place.

The prime ministers of the three Baltic countries agreed Thursday to speed up their nations' disconnection from Russia's power grid by nearly one year and connect with the continental European energy network by February 2025. In a joint declaration, Kaja Kallas, Krisjanis Karins and Ingrida Simonyte - the leaders of Estonia, Latvia and Lithuania, respectively - pledged the countries would complete the decoupling as soon as the technical capacity was in place.

For a company to be categorized as a Maharatna status, a company should be listed on an Indian stock exchange and have an average annual turnover of over ₹25,000 crore during the previous three years.

The Uttar Pradesh Cabinet has allotted 165 acres of land towards the creation of a 40 MW photovoltaic station in Ayodhya, Uttar Pradesh. This collaboration between the state government and NTPC Renewable Energy Limited aims to ramp up solar energy capacity feed into the city's power grid. Estimated to produce around 7 crore units, the project will contribute to local energy needs and aligns with the area's sustainable initiatives.

On August 2, Trendlyne reported 46 Nifty50 stocks that have witnessed the Golden Crossover, and ETMarkets has handpicked 10 stocks from this list