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Adani Group bids for ₹4,391 crore e-bus tender

market hours1 source ↓written by the desknot a recommendation

tender
₹4,391 crore
under the PM
10,900 electric buses
opening
6 Nov 2023

India’s major infrastructure and automotive players, including Adani Group and Tata Motors, are set to bid for a ₹4,391 crore tender for 10,900 electric buses under the PM eDRIVE scheme, opening on 6 Nov 2023. This initiative aims to electrify public transport, reflecting a growing trend towards sustainable mobility.

The inclusion of consortia in the bidding process may enhance competition, impacting market dynamics and investor sentiment in the electric vehicle sector.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 6 Nov 2025, 15:06 IST.

Sourcesnews.google.com

The market after the news

ADANIGREEN closed −2.4% on the day of the news, from ₹1,086.40 to ₹1,060.50; Nifty −0.3% over the same session; futures OI +2.5%.

Bulletin at 15:06 IST on 6 Nov 2025. Every change is measured from ₹1,086.40, the last close before it, on 4 Nov. Nifty 50 is measured over the same sessions.

  • ADANIGREEN close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
ADANIGREEN closes around the bulletin against the close before the news, with Nifty 50 rebased to it960.3810861212axis spans 26%before the news · 4 Nov1086Nifty 50ADANIGREENbulletinD0+1+3+529 Oct11 Nov20 NovFutures open interest, lotspeak 41,000Reference close ₹1,086.40. 16 sessions from 29 Oct to 20 Nov; the price axis spans 26 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before4 Nov₹1,086.40basebase
On the day6 Nov₹1,060.50▼ −2.4%▼ −0.3%−2.0 pp difference
+1 session7 Nov₹1,059.80▼ −2.5%▼ −0.4%−2.0 pp difference
+3 sessions11 Nov₹1,044.20▼ −3.9%▲ +0.4%−4.3 pp difference
+5 sessions13 Nov₹1,076.80▼ −0.9%▲ +1.1%−2.0 pp difference
Gap at the open, % · ₹
▲ +0.1%+0.65 on 6 Nov
Day's range, % · ₹
4.7%≈ 51 high to low
Volume on the day
0.58×the 20-session average
Futures OI on the day
▲ +2.5%+770 lots · short build-up · price −2.4%
Futures OI open, lots
32,0006 Nov · 25 Nov expiry
Futures premium, ₹
+3.60+0.3% to spot
Puts per call, by OI
0.52from 0.59 the session before
Max pain
1,100from 1,100 the session before

Source NSE UDiFF bhavcopy · ADANIGREEN on the desk →

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