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NLC India and Indian Oil form renewables joint venture

after close1 source ↓written by the desknot a recommendation

NLC India and Indian Oil have announced a joint venture to develop renewable energy projects in Tamil Nadu. This collaboration aims to enhance India's renewable capacity and contribute to sustainable energy goals. The initiative is expected to attract significant investments and may boost market sentiment in the renewable sector. ⚡

Key Points:

• Focus on solar and wind energy

• Strengthens India's commitment to renewable energy

• Potential for job creation and local development

The joint venture could lead to increased competition in the renewables market.

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 24 Jun 2026, 16:08 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

NLCINDIA closed −1.6% on the day of the news, from ₹325.25 to ₹320.10; Nifty +0.1% over the same session.

Bulletin at 16:08 IST on 24 Jun 2026. Every change is measured from ₹325.25, the last close before it, on 24 Jun. Nifty 50 is measured over the same sessions.

  • NLCINDIA close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
NLCINDIA closes around the bulletin against the close before the news, with Nifty 50 rebased to it288.82325.25361.68axis spans 25%before the news · 24 Jun325.25Nifty 50NLCINDIAbulletinD0+1+3+518 Jun1 Jul10 JulReference close ₹325.25. 16 sessions from 18 Jun to 10 Jul; the price axis spans 25 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 %
Before24 Jun₹325.25basebase
On the day25 Jun₹320.10▼ −1.6%▲ +0.1%−1.7 pp difference
+1 session29 Jun₹327.75▲ +0.8%▼ −0.3%+1.1 pp difference
+3 sessions1 Jul₹317.10▼ −2.5%▼ −0.1%−2.4 pp difference
+5 sessions3 Jul₹313.50▼ −3.6%▲ +1.0%−4.7 pp difference
Gap at the open, % · ₹
▲ +0.5%+1.76 on 25 Jun
Day's range, % · ₹
2.4%≈ 7.9 high to low
Volume on the day
0.28×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
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