Torrent Powers Green Growth
- 13th Jun 2025
Aaj Ka Bazaar
US markets closed higher on Thursday, led by strong gains in technology stocks, as optimism around Oracle’s robust cloud and AI outlook lifted investor sentiment. Oracle surged nearly 13% after signalling accelerated growth driven by AI-related demand, which also lifted other large-cap tech names like Microsoft and Nvidia. This tech-led rebound helped offset weakness in industrials, particularly Boeing, which faced pressure following recent safety concerns and lingering Middle East tension. However, sentiment shifted dramatically after market hours as reports emerged that Israel had launched targeted strikes on Iran’s nuclear programme sites, marking a sharp escalation in Middle East tensions. The geopolitical shock triggered a risk-off wave in global markets, with oil prices jumping over 7%, gold rallying as investors scurry safety, and US equity futures slipping notably. Asian markets opened lower, with benchmarks like the Nikkei and Hang Seng declining, reflecting growing investor caution. Domestically, Indian markets are expected to follow global cues and open lower, with investors closely monitoring crude oil fluctuations and geopolitical developments. On the stock specific front, oil based stocks are likely to extend their decline, with the ongoing tensions in the Middle East, while Auto stocks are likely to be under scrutiny, after President Trump’s comment on raising auto tariffs very soon.
Markets Around Us
BSE Sensex – 80,809.87 (-1.08%)
Nifty 50 – 24,648.85 (-0.96%)
Bank Nifty – 55,458.95 (-1.11%)
Dow Jones – 42,352.09 (-1.45%)
Nasdaq – 19,662.48 (0.24%)
FTSE – 8,884.92 (0.23%)
Nikkei 225 – 37,728.27 (-1.17%)
Hang Seng – 23,866.86 (-0.71%)
Sector: Power
Torrent Power Secures Wind Project Investment
Torrent Power, through its subsidiary Torrent Green Energy, has won a 300 MW wind energy project from SECI (Solar Energy Corporation of India) under the Wind Tranche-XVIII bidding round. The company plans to invest around ₹2,650 crore to develop the project, which will supply electricity at ₹3.97 per unit. The project is expected to be completed within 24 months of signing the power purchase agreement (PPA). This win takes Torrent’s total renewable energy capacity under development to 3.3 gigawatts peak (GWp). The move aligns with both the company’s sustainability goals and the Indian government’s mission to reach 500 GW of non-fossil fuel power by 2030. This project also strengthens Torrent’s position in the renewable sector and reflects growing opportunities in India’s clean energy transition.
Why it Matters:
The 300 MW wind project win is a major step for Torrent Power as it expands its renewable energy portfolio and reinforces its position in India’s clean energy market. It aligns with the government’s target of achieving 500 GW of non-fossil fuel capacity by 2030, pushing the country closer to its sustainability goals. The significant investment of ₹2,650 crore also highlights the company’s confidence in the long-term growth and potential of the wind energy sector.
NIFTY 50 GAINERS
BEL – 395.85 (2.18%)
ONGC– 249.81 (0.78%)
APOLLOHOSP – 7003.00 (0.09%)
NIFTY 50 LOSERS
KOTAKBANK– 2086.40 (-1.90%)
SBIN – 791.40 (-1.81%)
ULTRACEMCO – 11,119.00 (-1.80)
Sector : Consumer Electronics
Dixon Technologies has signed an agreement with Signify Innovations India to set up a joint venture (JV) for manufacturing lighting products and accessories. Both companies will own 50% each in the JV. As part of the deal, Dixon will transfer its existing lighting businessincluding its full stake in its subsidiary, Dixon Technologies Solutions Pvt Ltd to the new venture. This move allows Dixon to combine its manufacturing strength with Signify’s global expertise in lighting, helping both companies grow faster in the Indian market. The JV is expected to boost Dixon’s position in the lighting ecosystem and aligns with its long-term business strategy.
Why it Matters:
The joint venture between Dixon Technologies and Signify is a strategic move that strengthens Dixon’s presence in the fast-growing lighting market. By combining Dixon’s large-scale manufacturing capabilities with Signify’s global expertise in lighting innovation, the partnership enhances competitiveness in India’s original equipment manufacturing (OEM) space. It also supports Dixon’s broader goal of expanding into high-growth, technology-driven segments, positioning the company for long-term success in the electronics and lighting industry.
Around the World
U.S. stock futures dropped sharply on Thursday night after reports confirmed that Israel launched strikes on Iran. The U.S. clarified it wasn’t involved, but the news still shook global markets—S&P 500 futures fell 1.5%, Nasdaq 100 by 1.7%, and Dow Jones by 1.3%. Tensions remain high as Iran had earlier warned it would retaliate. Meanwhile, in the regular session, the S&P 500 ended higher thanks to Oracle’s strong AI-driven growth outlook. However, Boeing shares tumbled after an Air India 787 Dreamliner crashed shortly after takeoff, with over 200 feared dead—impacting GE Aerospace too. On the economic front, inflation data showed signs of cooling, with the May producer price index coming in lower than expected. The Fed is likely to keep rates steady for now, with potential cuts expected by September. Adding to market jitters, Trump hinted at new auto tariffs and criticized Fed Chair Powell for not cutting rates further.
Option Traders Corner
Max Pain
Nifty 50 – 24800
Bank Nifty – 56000
Nifty 50 – 24970 (Pivot)
Support – 24,744, 24,599, 24,373
Resistance – 25,114, 25,340, 25,484
Bank Nifty – 56220 (Pivot)
Support – 55,830, 55,578, 55,187
Resistance – 56,472, 56,863, 57,115
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