POWERMECH Wins ₹549.37 Cr Adani Group Company Order, NLCINDIA’s 50:50 JV With NALCO & More
- Share.Market
- 10 min read
- 30 Sep 2026
Here’s a quick wrap-up where we break down the performance of key indices, top corporate movers, and the major economic headlines of the day.
Extending their losing streak to a third consecutive day, Nifty 50 and Sensex ended in the red on Wednesday, September 30. Sector-wise, the sentiment was mixed, with Nifty Media emerging as the top leader, while Nifty Healthcare Index was the top loser.
Key Indices – Share Market
Today’s Top News from the Indian Share Market
POWERMECHPower Mech Projects has secured a domestic order worth ₹549.37 crore from Moxie Power Generation Limited, an Adani Group company. The contract entails providing complete Operation and Maintenance (O&M) services for the 2×600 MW Moxie Power Generation Ltd Tuticorin TPP over a 60-month period, running from October 1, 2026, to September 30, 2031.
NTPCNTPC Green Energy’s subsidiary, NTPC Renewable Energy, declared the second (73.06 MW) and third (80.88 MW) capacities of its Kalasar Solar Energy Project in Bikaner, Rajasthan, commercially operational as of October 1, 2026. Part of a 650 MW solar component under the 500 MW REMCL RTC Project, this addition increases the group’s total installed capacity to 11,212.51 MW.
NLCINDIANLC India’s Board of Directors has approved the incorporation of a 50:50 Joint Venture Company with National Aluminium Company Limited (NALCO), to be named NLC NALCO Power Limited. The JV will develop a 1,080 MW (4×270 MW) Thermal Captive Power Plant in phases for NALCO’s captive power needs, while exploring long-term PPAs for NALCO’s renewable energy requirements, following DIPAM approval.
COFORGECoforge has launched CXNova, an AI-native agentic customer experience orchestration platform built on a multi-agent architecture. Designed for enterprise-scale deployment across sectors like travel, banking, and healthcare, CXNova connects knowledge graphs and domain ontologies with specialised AI agents (content, context, and canvas) to deliver real-time, personalised, and autonomous customer journeys across digital and physical channels.
TECHMTech Mahindra has partnered with Infinite Uptime to accelerate the adoption of Physical AI across heavy asset-intensive industries, including steel, cement, chemicals, and energy. Combining Infinite Uptime’s PlantOS™ outcome intelligence engine with Tech Mahindra’s IT-OT integration capabilities, the collaboration delivers physics-aware prescriptive insights to improve plant reliability and productivity, initially targeting transformation programs across North America and Europe.
Broader Market Performance Today
INDIA VIXTop Performing Sectors Today
*Prices shown may have delay up-to 15 minutes
Today’s Top Gainers and Losers
*Prices shown may have delay up-to 15 minutes
FII DII Activity (₹ Cr)
| Date | FII (Net Value) | DII (Net Value) |
| 29 Sep 2026 | -9,980.22 | 6,952.71 |
| 28 Sep 2026 | -5,353.22 | 5,189.02 |
| 25 Sep 2026 | -3,693.93 | 2,838.17 |
| 24 Sep 2026 | -5,027.36 | 4,301.18 |
| 23 Sep 2026 | 1,617.45 | 2,341.46 |
| Month-to-Date | -33,864.41 | 64,308.56 |
What’s Happening Beyond Markets?
- According to the Ministry of Statistics & Programme Implementation, the trial Index of Services Production for July 2026 showed strong growth in Administrative Services (20.9%) and Retail Trade (18.5%). However, contractions were recorded in Air Transport (-8.4%) and Repair Services (-5.0%).
- According to the Ministry of Rural Development, NRIDA signed an MoU with IIM Kolkata for a four-year impact study on PMGSY-IV and PM-JANMAN roads. Spanning 10 states and 5,000 households, the survey will evaluate long-term socio-economic and accessibility improvements.
- According to the Ministry of Petroleum and Natural Gas, the draft Petroleum (Amendment) Bill, 2026 has been published online for stakeholder and public consultation. The ministry has invited comments and suggestions from all public stakeholders on the draft legislation until October 30, 2026.
- According to the Ministry of Tourism, India and Italy held their 2nd Joint Working Group meeting, agreeing to establish technical groups and enhance bilateral tourism cooperation. The discussions focused on cine-tourism, destination twinning, skilling, and preparation for the 2027 Year of Culture and Tourism.
IPO Corner: Mainboard
Listing Update
| Company | Issue Price | Listing Price | Listing Gains |
| ArMee Infotech Ltd. | ₹375.00 | ₹368.85 | -1.64% |
| Elevate Campuses Ltd. | ₹362.00 | ₹355.10 | -1.91% |
India’s Defence Sector Explained in 4 Tiers
Back to Basics
Terms that put you one step ahead – every day
What is the ADX Indicator?
The Average Directional Index (ADX) is a stock market indicator used to measure the absolute strength of a trend, regardless of whether prices are going up or down. Think of it like a car’s speedometer. It doesn’t tell you if you’re driving north or south; it only tells you how fast you’re moving.
On a chart, ADX ranges from 0 to 100. A score above 25 means a strong trend is underway, while anything below 20 usually means the stock is just drifting sideways. For everyday investors, ADX helps you avoid buying into weak, fake breakouts. By confirming that a trend actually has real momentum behind it, you can trade with much higher confidence instead of getting caught in a choppy market.
Learn more: https://www.share.market/buzz/learn/average-directional-index/
Before You Go…
Markets aren’t just charts and tickers; they’re daily tales of ambition and the quiet courage to stay invested.
We’ll be back to cut through the noise, so you can focus on investing intelligently.
