India adds 16 GW RE capacity till May; SECI issues 3.2 GW solar+storage tenders in June
JMK Research & Analytics
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Solar Energy Corporation of India (SECI) issued tenders for development of 2,000 MW ISTS-connected solar with a 1,000 MW/4,000 MWh energy storage system (ESS) and another 1,200 MW solar project with 600 MW/3,600 MWh ESS component.
About 513 MW of EPC tenders were issued during the month. NTPC issued a 260 MW solar EPC tender in Rajasthan.
India added 12,970 MW of solar and 3,129 MW of wind capacity from January to May 2025, taking the country's cumulative renewable energy capacity to 226.7 GW. In May 2025, solar and wind additions totalled 3,123 MW, marking a 5.9 per cent decline compared to the previous month.
In June 2025, a total of 1,570 MW of
battery energy storage system
(BESS) capacity and 312 MW of renewable energy capacity was allocated through auctions. Standalone BESS tenders accounted for 83 per cent of the total allotted capacity.
The RE sector attracted $1,630 million in investments during June 2025.
In the Indian Energy Exchange (IEX) Green Day-Ahead Market (GDAM), 938 million units were traded in June 2025, showing a 13.8 per cent increase from the previous month. The average traded price in IEX-GDAM stood at ₹4.38 per kWh.
Mono PERC module prices fell marginally by 0.3 per cent in June 2025 over the previous month.
During the month, 23 central and 15 state-level policies, notifications, regulations, and orders were issued relating to the renewable energy sector.
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Economic Times
12 hours ago
- Economic Times
Markets remain jittery but downside appears limited: Rahul Ghose
The markets continued to remain under pressure as the Nifty logged its fourth straight week of losses. Although the index attempted a recovery in the early part of the week, it failed to move past the previous week's high of 25,250, leading to a broad-based sell-off in the final two sessions. Tired of too many ads? Remove Ads Lets start with your view on the market. How do you see the market these days? Tired of too many ads? Remove Ads How has the earnings season been so far? Does it look like it will only push the market down? Does there seem to be a head & shoulder-like pattern on the daily chart? What's the take on Nifty Bank now? Any trading Strategies for the upcoming week? How does Bajaj Finance look after Q1 results? Another interesting stock these days is IEX. What would be your take on IEX after the entire market coupling scenario? Tired of too many ads? Remove Ads What do you think can support the market now? Any optimism in sight? Which sectors are you focused on now? Any stocks within those sectors? Financials: HDFC Bank, ICICI Bank, Bajaj Finance Industrials: L&T, Siemens Pharma – Torrent Pharma, Cipla, Dr Reddy's The markets continued to remain under pressure as the Nifty logged its fourth straight week of losses. Although the index attempted a recovery in the early part of the week, it failed to move past the previous week's high of 25,250, leading to a broad-based sell-off in the final two sessions. The decline intensified on Friday, with the index breaching key support levels and ending the session with a 0.92% loss. Over the week, Nifty fell by 0.55%, closing at 24, a technical standpoint, the index's structure has weakened significantly. On the daily chart, Nifty had been moving within a 'Rising Channel' pattern since May. However, the breakdown below the lower trendline this week confirms a bearish reversal. Notably, this move was accompanied by a bearish gap, classified as a 'Breakaway Gap,' which lends additional weight to the negative outlook. Furthermore, the index slipped below its 50-day EMA, a critical support level that had held firm until this, Rahul Ghose , Founder and CEO of Octanom Tech and interacted with ET Markets regarding the outlook for the Nifty and Bank Nifty for the upcoming week. The following are the edited excerpts from his chat:The Indian stock market appears somewhat jittery at the moment. We've seen both the Nifty and Sensex drop pretty sharply, although the mood feels cautious now, the downside will be short-lived from here. Much of the action is specific to individual stocks and sectors, particularly when companies announce their quarterly earnings. But even though the Nifty has been making a series of lower highs and lows lately, all is not lost, the downside is very limited and the upside is more might look at the fact that we are about to close the month of July with a dark cloud colour candlestick pattern just around the prior resistance. This is a warning sign for bulls of a potential further downside. However, our earlier view of Nifty possibly making an all-time high before Diwali is still intact, as we feel this pattern will get negated in August, for this quarter have been reasonably good on aggregate, with major companies managing solid profit growth. But the reaction on the street's been mixed—some heavyweight disappointments have hurt overall sentiment, even as several companies posted strong numbers. So, while earnings aren't dragging the market down single-handedly, lacklustre showings from big names are weighing things traders are talking about the possibility of a head & shoulders pattern emerging on the Nifty charts. We aren't there yet—a clear breakdown below 24600 only would confirm it. For now, I'd call the setup 'one to keep a very close eye on.' The next few sessions could be Nifty has been relatively stronger but is still seeing some selling. If it manages to hold above the 56,000–57,000 zone, a rebound can be expected. I'm keeping a neutral stance for now, but a good upside potential will trigger if Nifty closes above 25,200, watching to see how earnings play out for the big Bank Nifty charts are better than the Nifty is a good market for being nimble and disciplined. I'd focus on predefined support and resistance levels, avoid chasing momentum, and look for trades around earnings events. Stock selection really matters right now, and strict stop-losses are vital given the spikes in Finance's first quarter was strong; profits and revenues were up sharply. That said, the stock reacted negatively, mostly because the bar was set so high and the broader market mood is nervous. I'd look for opportunities to add on further dips, especially if its asset quality remains IEX is the dominant platform for electricity spot price discovery in India. However, under the new framework, other exchanges, including Hindustan Power Exchange, will also participate in market coupling operations. This is expected to dilute IEX's influence in the price discovery process and create more equitable market is anticipated that the regulatory change may affect IEX's long-held pricing advantage and trading volumes. This fundamentally alters market structure and puts pressure on IEX's revenue model. Investors will rerate the stock with a structurally weaker the stock is not looking very positive with a strong bearish close on weekly time frames. Such chart structures tend to signify a prolonged sideways movement with limited we see some pleasant surprises on the earnings front, progress on economic reform, or global headwinds easing off, markets could stabilize or even bounce. Certain sectors and companies will likely keep powering ahead, even if the overall mood remains a bit downbeat. The trade deal with India could also be a major factorI'm fairly positive on power/renewables, select private banks and Pharma, capital goods, and to a degree. These areas are showing earnings resilience and have policy tailwinds supporting them.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times
Economic Times
a day ago
- Economic Times
Nifty extends losing streak for 4th week, bearish signals deepen: Sudeep Shah
Lets start with your view on the market. How do you see the market these days? Live Events How has the earnings season been so far? Does it look like it will only push the market down? What's the take on Nifty Bank now? How does Bajaj Finance look after Q1 results? Another interesting stock these days is IEX. What would be your take on IEX after the entire market coupling scenario? What do you think can support the market now? Any optimism in sight? Which sectors are you focused on now? Any stocks within those sectors? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The bears tightened their grip on the markets as Nifty registered its fourth consecutive weekly decline. While the index showed some resilience early in the week, it failed to surpass the previous week's high of 25,250, triggering a broad-based sell-off in the last two sessions. The weakness intensified on Friday, with the index breaching key support zones and ending the day with a loss of 0.92%. For the week, Nifty declined by 0.55%, closing at chart structure has clearly deteriorated for the bulls. On the daily chart, Nifty had been trading within a 'Rising Channel' pattern since May. However, this week's breakdown below the channel's lower boundary confirms a bearish reversal. Importantly, this breakdown is accompanied by a bearish gap, which qualifies as a 'Breakaway Gap', adding further conviction to the bearish setup. Additionally, the index has broken below the 50-day EMA, a level that had previously provided strong this, analyst Sudeep Shah , Vice President and Head of Technical & Derivatives Research, SBI Securities interacted with ET Markets regarding the outlook on Nifty and Bank Nifty for the upcoming week. Following are the edited excerpts from his chat:The benchmark Nifty index has continued its downward trajectory, extending its losing streak for the fourth consecutive week. This persistent weakness can be attributed to a combination of factors — the absence of strong positive triggers, Q1 earnings from key corporates coming below expectations, and lingering uncertainty on the global trade deal front, all of which have dampened investor the week, the index made a feeble attempt to rebound from the crucial support zone; however, the recovery lacked conviction and fizzled out quickly. On Wednesday, Nifty managed to close above its 20-day EMA, briefly reviving hopes of a turnaround. But the optimism was short-lived, as renewed selling pressure dragged the index back into negative bearish undertone deepened on Friday, when the index decisively broke below two critical technical levels — the 50-day EMA and the 61.8% Fibonacci retracement of its recent upswing from 24,473 to 25,669. This breakdown not only reflects fading bullish momentum but also signals growing nervousness among market participants. With no clear positive cues on the domestic or global front, the market appears vulnerable to further consolidation or downside in the near about crucial levels, the 100-day EMA zone of 24,600-24,550 will act as immediate support for the index. Any sustainable move below the level of 24,550 will lead to further correction upto the 24200 level. While on the upside, the 20-day EMA zone of 25,100-25,150 will be the crucial hurdle for the earnings season so far has largely fallen short of expectations, with several major companies reporting weaker-than-anticipated results. This underperformance has dampened investor sentiment, especially at a time when markets were hoping for strong earnings to act as a key catalyst for upward momentum. Beyond earnings, the absence of any significant positive domestic triggers and the continued uncertainty surrounding global trade negotiations have added to the cautious mood. These combined factors are contributing to the downward pressure on the market. While weak earnings alone may not be the sole reason for the market correction, when coupled with global headwinds and a lack of fresh buying triggers, they certainly add weight to the bearish undertone prevailing in the current banking benchmark index, Bank Nifty, has relatively outperformed the broader frontline indices by closing the week on a mildly positive note, even as the overall market sentiment remained weak. Throughout the week, the index attempted to stage a recovery from lower levels, supported by selective buying in heavyweight banking names. 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While on the downside, the zone of 56,200-56,100 will act as important support for the index as it is the confluence of the 50-day EMA and prior swing low. Any sustainable move below the level of 56,100 will lead to further selling pressure in the index upto the level of 55,500 in the short the Q1 earnings announcement, Bajaj Finance witnessed a sharp gap-down opening on Friday, reflecting a negative market reaction. The stock has broken below key support levels, namely the 20-day and 50-day EMA, both of which have now started to slope downward, indicating growing bearish pressure. Additionally, the daily RSI has breached an upward sloping trendline, suggesting a loss of momentum and a potential continuation of the downtrend. Given these technical signals, the stock is likely to trade with a negative bias in the coming weeks unless it manages to reclaim key moving averages with strong has come under significant selling pressure following the news surrounding market coupling, witnessing a sharp decline of nearly 29% in the past week alone. This steep correction reflects heightened investor concern over the potential regulatory impact on its business model. From a technical standpoint, the stock has clearly entered a strong downtrend, having broken below both its short-term and long-term moving averages on daily as well as weekly charts. This breakdown across multiple timeframes further strengthens the bearish outlook. Additionally, the daily and weekly RSI has slipped below the 40 mark and continues to trend lower, indicating weakening momentum and a lack of buying interest. Unless there is a significant reversal in sentiment or a strong technical bounce, the stock appears poised to continue its downward trajectory in the near this stage, any positive development on the global front, particularly around trade negotiations involving the US, could act as a much-needed catalyst for the market. A constructive outcome or even signs of progress in trade talks would help ease investor Nifty IT index witnessed a sharp correction last week, tumbling by over 4%, marking its third consecutive weekly decline. The index has been consistently underperforming the broader market and frontline indices. Technically, it continues to trade below its key moving averages, indicating persistent weakness. Moreover, the daily RSI has entered the super bearish zone, reinforcing the negative momentum. Given these technical signals, the index is likely to extend its southward journey over the next few trading the Nifty CPSE index has broken down from a 33-day consolidation range on the daily chart, triggering a fresh wave of selling pressure. In the process, it has also slipped below both its 20-day and 50-day EMAs. Notably, the daily RSI has fallen below the 40 mark for the first time since February 2025, further signaling weakness. These technical developments suggest the index may continue its downward trajectory in the near addition, several other sectoral indices — including Nifty India Defence, Oil & Gas, FMCG, Media, PSE, and Realty — are showing signs of continued weakness and are expected to remain under pressure in the short the brighter side, Nifty Healthcare and Nifty Pharma indices are showing relative strength and are likely to outperform in the near term, supported by stable price structures and improving momentum Cipla, Shyam Metalics, Apollo Hospital, Jindal Steel CSB Bank , and PGEL are likely to outperform in the short term.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
2 days ago
- Time of India
Tenders invited for Phase 1 of 6,250 crore Vizag metro project
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