Big Energy Plans Unfold in Rajasthan
- 04th Jun 2025
Aaj Ka Bazaar
Wall Street indices closed higher on Tuesday, driven primarily by gains in Nvidia and other chipmakers, as investors looked ahead to potential negotiations between the United States and its trade partners for greater clarity on Washington’s tariff plans. Positive US labor market data also contributed to the upbeat sentiment. The Dow Jones Industrial Average rose 214.16 points to close at 42,519.64, the S&P 500 gained 34.43 points to reach 5,970.37, and the Nasdaq Composite added 156.34 points, ending at 19,398.96. Following the rally in US tech stocks, Asia-Pacific markets also advanced, tracking the positive momentum from Wall Street. Indian benchmark indices are expected to open on a positive note, supported by favorable global cues and the commencement of the Reserve Bank of India’s Monetary Policy Committee (MPC) meeting today. This sentiment is further reflected in the GIFT Nifty, which is trading in the green. On the stock-specific front, Wipro announced a multiyear strategic deal with Entrust, a global leader in identity-centric security solutions. As part of this agreement, Wipro will provide technology services to support Entrust’s digital transformation and growth strategy. The Indian IT major will assist in modernizing Entrust’s product development, infrastructure, and applications using advanced generative AI and analytics.
Markets Around Us
BSE Sensex – 80,770.52 (-0.01%)
Nifty 50 – 24,550.90 (0.04%)
Bank Nifty – 55,491.35 (-0.20%)
Dow Jones – 42,519.12 (0.02%)
Nasdaq – 19,398.96 (0.81%)
FTSE – 8,787.02 (0.15%)
Nikkei 225 – 37,766.18 (0.85%)
Hang Seng – 23,684.24 (0.73%)
Sector: Power
Lignite Power Projects Planned in Rajasthan
NLC India Limited (NLCIL), a Navratna Government of India enterprise, has incorporated a new joint venture company with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) to expand its footprint in thermal power and lignite mining sectors. The new joint venture, named “NLC Rajasthan Power Limited,” has been set up with a 74:26 equity shareholding between NLCIL and RVUNL, respectively. The company was officially incorporated on June 2, 2025, and the Certificate of Incorporation was received by NLCIL on June 3, 2025. According to the official filing made to stock exchanges, the purpose of the joint venture is to develop, operate, and maintain lignite mines and lignite-based thermal power stations in the state of Rajasthan.
Why it Matters:
This joint venture matters because it strengthens India’s energy security by boosting domestic lignite-based power production. It also deepens NLCIL’s presence in Rajasthan, a key region for energy demand. The collaboration supports the government’s push for reliable and affordable power infrastructure.
NIFTY 50 GAINERS
TATAMOTORS – 711.10 (1.90%)
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SHRIRAMFIN – 656.85 (1.33)
NIFTY 50 LOSERS
TRENT – 5533.00 (-1.02%)
NTPC – 326.10 (-0.65%)
SUNPHARMA – 1659.20 (-0.50)
Sector : Power
French energy company TotalEnergies has confirmed its continued support for Adani Green Energy Ltd.’s expansion in India, according to Chairman and CEO Patrick Pouyanné. Speaking during a meeting in Paris with Indian Commerce and Industry Minister Piyush Goyal, Pouyanné said, “We are committed to continuing to support the expansion of Adani Green, which already has 14 gigawatts of capacity. We will continue to support this growth.” Minister Goyal is on a three-day official visit to France that began on June 1. AGEL currently operates 14 gigawatts of renewable energy capacity, and its partnership with TotalEnergies is expected to contribute to India’s broader renewable energy goals. Over the past five years, TotalEnergies has invested around $5 billion in India, focusing on areas such as natural gas infrastructure, city gas networks, and renewable energy installations including both solar and wind through collaborations with Adani Group companies.
Why it Matters:
This news highlights global confidence in India’s renewable energy sector, with TotalEnergies reaffirming its $5 billion commitment. Their continued support for Adani Green strengthens India’s clean energy capacity and sustainability goals. It also reinforces India-France energy collaboration on a global stage.
Around the World
Asian stock markets mostly rose on Wednesday, driven by hopes of renewed talks between the U.S. and China, which could revive trade relations. South Korea’s KOSPI led gains with a 2.4% jump after the election of a new liberal president, boosting confidence in political stability and economic support. Chinese markets also edged higher as investors focused on a potential Trump-Xi call and further stimulus measures from Beijing. Australian shares rose despite weaker GDP data, as traders bet on more rate cuts. Japan’s markets gained, although Toyota Industries fell sharply due to concerns over a buyout deal. In contrast, Singapore’s market dipped due to pressure on bank stocks. U.S. futures turned slightly negative after Trump raised tariffs on metals. Overall, optimism in technology and chip stocks, along with expectations of policy support across countries, lifted sentiment in the region. India’s Gift Nifty indicated a slight rebound after recent declines.
Option Traders Corner
Max Pain
Nifty 50 – 24600
Bank Nifty – 55600
Nifty 50 – 24629 (Pivot)
Support – 24,414, 24,286, 24,071
Resistance – 24,757, 24,972, 25,100
Bank Nifty – 55739 (Pivot)
Support – 55,316, 55,033, 54,611
Resistance – 56,022, 56,444, 56,729
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