On August 29, India’s stock market was in the red for the 3rd consecutive day as a combination of fragile investor mentality and rise in US tariffs weighed on the Equity market. Both the Nifty and the Sensex declined for the third successive session. Swan Energy, BSE, TBO Tek, M&M, and Reliance Power were among the top losers.

India’s equity market ended in the red on August 29, 2025, signaling a losing streak of three trading sessions for the Nifty 50 and S&P BSE Sensex. Both indices faltered as the market followed weak global cues. Investors mood was further sour as a higher US tariff made its way into the headlines, prompting a selling spree across the board. The Top Gainers & Losers list was indicative of wide swings in market volatility with some quick-paced moves in particular shares.

Market Performance Overview

Currently, the Nifty 50 is down by 0.3% to a level of 24,426 points. The S&P BSE Sensex has dropped by 0.34% to 79,809 points and thus, has crossed the 80,000 mark from below.

On the other hand, the market beyond 50 also showed a negative trend with Nifty Midcap 100 and Nifty Smallcap 100 declining by more than 0.5% each. Most sectoral indices have experienced a steep decline, with only Nifty FMCG and Nifty Consumer Durables remaining, which have barely managed to maintain their upward trend.

On top of that, Nifty Realty (down 1.44%) and Nifty Oil & Gas (down 1.12%) were the worst performing sectors showing investors fears of rising expenses and diminished appetite for fresh investments.

Top Gainers & Losers Today

Few stocks might have moved against the general bearish trend, but the market went down mainly due to heavyweights. Among the major losers were:

• Swan Energy – Went down with the selling pressure triggered by expected low earnings.

• BSE Ltd – Dropped after a short profit-booking period following recent rallies.

• TBO Tek – Made a downward correction after a hard time in the travel tech sector.

• Mahindra & Mahindra – Slipped as there were worries concerning auto demand to the sector.

• Reliance Power – Dropped as energy sector-related stocks were the subjects of a sell-off.

These Top Gainers & Losers portray the ever-present caution that influences Indian stock markets as global and domestic issues collide.

Also Read: Market Alert: Top Gainers and Losers You Must Watch Today

Foreign Investors and Market Pressure

The FPI selling trend became more intense as the net outflows were over USD 4.63 billion (₹38,590 crore) in just August 2025. The continuous sales weighed heavily on domestic stocks, thus, deepening the losses of frontline market indices.

Sectoral Snapshot

• Realty & Oil & Gas – Laggards of the last week because these two sectors are very sensitive to global crude movements and domestic cost pressures.

• FMCG & Consumer Durables – Sole winners as the defensive nature of the stocks provided the required stability.

• Banking & IT – Slightly negative, mirroring the global economic uncertainty theme.

The contrary sectoral performance highlights the restrained investor commitment to defensive sectors, typically preferred during market turbulence.

Monthly Market Recap

The August results are the reason why Indian stocks have fallen for two straight months. Overall, both Nifty and Sensex have decreased by more than 1%. The main negative factors are the weak global cues, the continuous risk of inflation, and the higher US tariffs that are overshadowing the domestic growth resilience.

Expert Insights on Top Gainers & Losers

Experts on the market indicate that even with the solidness of the Indian fundamentals over the long haul, the near-term perspective is tinged by:

• Trade-related global tensions caused by the increase of tariffs.

• Persistent FPI outflows that have a heavy impact on liquidity.

• Overvaluation worries in the mid- and small-cap stocks.

The majority of analysts say that the present uncertainty will continue to cause market volatility until there will be clear indications related to global trade policies and interest rates.

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Read the full article here: Top Gainers & Losers: August 29 Market Trends — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

In India, Reliance Power and Reliance Infrastructure shares fell 5% after investor concerns over regulatory scrutiny linked to Reliance Communications. Both firms clarified that their operations remain unaffected, with no financial or governance linkage to the case.

Shares of Reliance Power and Reliance Infrastructure declined sharply in India on Monday, with both companies hitting a 5% lower circuit in early trade. Reliance Power closed at ₹46.46, while Reliance Infrastructure slipped to ₹275.65 on the NSE.

The market reaction followed heightened regulatory scrutiny linked to Reliance Communications and its former promoter Anil D. Ambani. However, Reliance Power and Reliance Infrastructure issued formal statements clarifying that they are independently listed companies, with no operational, financial, or governance ties to Reliance Communications.

The companies emphasized that Anil Ambani has not been associated with Reliance Power’s Board for more than three and a half years. As such, regulatory action related to Reliance Communications has no bearing on their management, financial performance, or strategic direction.

Also Read: Value of Top 3 Indian Family Businesses Matches Philippines’ GDP

Both firms reiterated their commitment to stakeholders, with Reliance Power focusing on its 5,305 MW generation portfolio, including the 3,960 MW Sasan Power Ltd., one of the world’s largest integrated coal-based power plants. Meanwhile, Reliance Infrastructure continues to operate across high-growth sectors such as roads, metro rail, power distribution, and defense through various special-purpose vehicles (SPVs).

Market experts note that while short-term volatility has impacted share prices, the long-term fundamentals of both companies remain tied to sector-specific growth. In particular, India’s push toward infrastructure development and stable energy capacity may provide resilience for both Reliance Power and Reliance Infrastructure.

At the same time, banks including State Bank of India and Bank of India have intensified oversight of Reliance Communications due to legacy loan exposures, with insolvency proceedings ongoing. However, Reliance Power and Reliance Infrastructure stressed that these developments do not affect their governance or operations.

Both companies reaffirmed their focus on executing business plans and creating long-term shareholder value, despite current market sentiment.

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Read the full article here: Fraud Allegations Slam Reliance Stocks Into Lower Circuit — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

Reliance Power, based in Maharashtra, India, has approved a major fundraising plan of up to ₹6,000 crore through qualified institutional placement (QIP) and follow-on public offering (FPO). In addition, the company will issue non-convertible debentures worth ₹3,000 crore via private placement to strengthen its financial position and boost operations.

Mumbai-based Reliance Power Ltd, a key player in India’s private sector power generation space, has received board approval to raise up to ₹6,000 crore through a combination of Qualified Institutional Placement (QIP) and Follow-on Public Offer (FPO) routes. This move aims to improve the company’s financial footing and support long-term growth.

According to a filing on July 16, the board also gave a green light to issue non-convertible debentures (NCDs) amounting to ₹3,000 crore in one or more tranches via private placement.

The proposed fundraising is expected to enhance liquidity, optimize capital structure, and provide financial flexibility for upcoming energy projects or debt refinancing.

Reliance Power’s stock responded positively to the announcement, closing 2.42% higher at ₹66.09 on the NSE. The surge reflects investor confidence in the company’s renewed capital strategy amid a gradually improving power sector outlook.

For the March quarter, the company reported a net profit of ₹125.6 crore, a sharp turnaround from a loss of ₹397.6 crore in the same quarter of the previous fiscal. However, revenue saw a slight dip to ₹1,978 crore from ₹1,997 crore year-on-year.

This strategic capital raise comes at a time when Indian power companies are under pressure to scale infrastructure and manage operational costs amid rising energy demand and fluctuating input prices.

Financial analysts view the move as a prudent balancing act—aimed at reducing reliance on short-term liabilities while preparing the company to capitalize on future energy needs in India’s rapidly expanding economy.

As Reliance Power realigns its financial structure, market watchers will closely observe how efficiently the firm utilizes this fresh capital to generate returns and sustain profitability.

Read the full article here: Reliance Power Approves ₹6,000 Cr QIP, ₹3,000 Cr Debentures — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

Anil Ambani-led Reliance Power, based in Maharashtra, India, hit a 52-week high on May 30 after its subsidiary Reliance NU Energies received a major order from the Navratna PSU, SJVN. The project includes a 350 MW solar unit and a 175 MW/700 MWh Battery Energy Storage System (BESS). This addition boosts Reliance Power’s clean energy portfolio to 2.4 GW in solar capacity and 2.5 GWh in BESS, positioning it as India’s largest integrated solar and BESS player.

Reliance Power, a major power generation company based in Maharashtra, India, and part of the Anil Dhirubhai Ambani Group (ADAG), witnessed a sharp surge in its stock price on May 30, reaching a new 52-week high. The rally followed an announcement that its subsidiary, Reliance NU Energies, secured a significant clean energy project from Navratna Public Sector Undertaking (PSU) SJVN.

Reliance NU Energies has been awarded a 350 MW solar power project coupled with a 175 MW/700 MWh Battery Energy Storage System (BESS) by SJVN. This award follows the company’s success in a competitive auction, where it emerged as the winning bidder with a fixed tariff of ₹3.33/kWh for a 25-year period.

The project is part of a larger tender floated by SJVN, which aimed to allocate 1,200 MW of solar and 600 MW/2,400 MWh of BESS capacity. The auction attracted strong participation from 19 developers, with 18 qualifying for the final e-reverse bidding round. The overwhelming interest highlights the growing demand and investment in dispatchable renewable energy solutions in India.

Once operational, this addition will take Reliance Power’s clean energy portfolio to 2.4 GW of solar DC capacity and over 2.5 GWh of BESS capacity. This makes it India’s largest player in the integrated solar and energy storage segment.

Reliance Power currently operates 5,305 megawatts of power generation capacity, including the 3,960 MW Sasan Power Ltd project in Madhya Pradesh, which is recognized as the world’s largest integrated coal-based power plant.

This latest win marks a significant step in Reliance Power’s ongoing transition toward clean energy and strengthens its leadership in India’s renewable power sector.

Read the full article here: Anil Ambani’s Reliance Power Ignites Market Frenzy With SJVN Mega Win — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

Anil Ambani-led Reliance Power stock surged 18.5% to a six-month high following strategic equity allotments, a key solar JV in Bhutan, and improved Q4 results.

Shares of Reliance Power, a key Anil Ambani-owned company under the Reliance ADA Group (ADAG), surged by a sharp 18.5% today, hitting a six-month high of ₹52.82 in intraday trade. The rally marks the stock’s most significant single-day gain since January 2024 and has brought the spotlight back onto the ADAG counters.

This upward momentum comes amid a surge in trading volumes, corporate developments, and a significant shift in the company’s strategic direction — especially toward clean energy.

What’s Fueling the Rally?

• Equity Allotment to Strategic Investors

On May 20, Reliance Power executed a preferential allotment of equity shares worth ₹43.89 crore to Reliance Infrastructure Limited and Basera Home Finance Private Limited. This involved the issuance of 1.33 crore fully paid-up equity shares at ₹33 per share (including a premium of ₹23), following the conversion of previously issued warrants.

This move has been seen by market analysts as a vote of confidence by group entities and potential signal of internal financial restructuring.

• Massive Spike in Trading Volume

Investor interest has intensified, with 232.3 million shares traded across the NSE and BSE by 1:00 p.m. — over four times the weekly average volume of 54 million shares. The volume spike points to renewed institutional and retail participation, likely driven by strong forward-looking developments.

Solar Bet in Bhutan: A Strategic Shift

In a bold international expansion, Reliance Power recently signed an agreement with Druk Holding and Investments (DHI) — Bhutan’s sovereign investment arm — to co-develop the country’s largest solar power project, with a planned capacity of 500 MW.

The ₹2,000 crore solar project will be executed under a 50:50 joint venture between DHI’s Green Digital Private Ltd and Reliance Enterprises, a company jointly owned by Reliance Power and Reliance Infrastructure. The project, to be developed on a Build-Own-Operate (BOO) basis, marks Bhutan’s largest private sector FDI in renewables.

This international partnership not only expands Reliance Power’s clean energy footprint but also positions it as India’s largest integrated solar + battery energy storage system (BESS) player, with a pipeline of 2.5 GWp solar and 2.5 GWh BESS.

Strong Q4 FY25 Performance Aids Sentiment

Adding to the optimism is a remarkable turnaround in Reliance Power’s financials for the March quarter. The company reported a net profit of ₹126 crore, recovering from a ₹397.56 crore loss in the same period last year. The turnaround is attributed to:

• Lower finance costs
  
• Reduced operational expenses
  (Down from ₹3,575 crore in Q4FY24 to ₹2,108 crore in Q4FY25)
  

While revenue from operations declined to ₹2,066 crore from ₹2,193 crore year-on-year, the focus on profitability and efficiency improvements has significantly bolstered investor confidence.

What It Means for ADAG Stocks

The rally in Reliance Power has had a positive rub-off effect on other ADAG group stocks, including Reliance Infrastructure. Market watchers view this as a re-rating phase for the group, driven by strategic capital infusions, an international renewables push, and credible efforts to reduce debt and improve governance.

From strategic equity infusions and record trading volumes to a high-profile solar JV and improved earnings, multiple factors have converged to fuel Reliance Power’s remarkable rally. As the group pivots towards clean energy and financial discipline, the momentum behind ADAG stocks is likely to remain strong — provided these initiatives continue to yield tangible results.

Read the full article here: Reliance Power Hits 6-Month High: Breaking Down the Rally — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

Reliance Power shares rose following the announcement of a 500 MW solar power project in Bhutan, developed through a 50:50 joint venture with DHI. This project marks Bhutan’s largest solar initiative and the biggest private sector FDI in its renewable energy sector. The company also posted a consolidated net profit of ₹126 crore in Q4 FY25, recovering from a loss the previous year.

Reliance Power, part of the Anil Ambani Group, saw its shares climb to ₹46.22 on the National Stock Exchange (NSE) on May 20, reflecting investor optimism after the company announced a significant new partnership. Reliance Power has entered into a commercial term sheet with Green Digital Private Limited (GDL), a subsidiary of Druk Holding and Investments Limited (DHI), the investment arm of the Royal Government of Bhutan.

Together, they will develop Bhutan’s largest solar power project with an installed capacity of 500 MW through a 50:50 joint venture. This initiative represents the largest private sector foreign direct investment (FDI) in Bhutan’s solar energy sector to date, with an estimated capital expenditure of up to ₹2,000 crore. The project will follow a Build-Own-Operate (BOO) model and is expected to be completed in phases over the next 24 months.

Reliance Power highlighted that this new venture will substantially increase Bhutan’s solar capacity, surpassing the current national infrastructure for solar power. The company is a leading player in India’s integrated Solar plus Battery Energy Storage System (BESS) segment, boasting a clean energy portfolio of 2.5 GWp solar power and over 2.5 GWh of BESS capacity.

This strategic investment reflects Reliance Group’s long-term commitment to expanding its renewable energy footprint while strengthening India-Bhutan economic cooperation.

In related news, Reliance Power also reported strong financial results for Q4 FY25. The company posted a consolidated net profit of ₹126 crore for the quarter ending March 31, 2025, a significant turnaround from a loss of ₹397.56 crore in the same period the previous year. The improvement was driven by lower expenses and operational efficiencies.

With this robust financial performance and ambitious new projects, Reliance Power is positioning itself as a key player in the region’s renewable energy transition.

Read the full article here: Bright Horizons: Reliance Power Sparks Renewable Growth in Bhutan — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).