Renewable energy stocks showed mixed performance on July 13, with Waaree Energies trading 0.90% lower at ₹2,896.60 on the National Stock Exchange (NSE), according to Upstox Securities. Premier Energies was trading 0.89% higher at ₹1,033.60, while NTPC Green Energy was around 1% higher at ₹93.54. Suzlon Energy shares were down 0.37% at ₹54.18, and Adani Green Energy shares were trading at ₹1,535.50 apiece. Sterling and Wilson Renewable Energy shares were down 0.77% at ₹238.24 on the NSE, reflecting continued mixed investor sentiment amid broader market weakness and AI sector rotation.
Global equity markets delivered a broadly weaker performance as selling pressure weighed on major indices. According to Kapitales Research, the Nasdaq Composite fell 1.16% to 25,818.69, while the S&P 500 dropped 0.45% to 7,503.85 and the Dow Jones eased 0.25% to 52,925.15 after pulling back from record levels. In Asia-Pacific markets, Japan's Nikkei 225 fell sharply by 2.12%, marking the weakest performance among major indices, while India's benchmark index slipped 0.13%, reflecting modest weakness across regional markets. European markets remained relatively resilient, with the FTSE 100 gaining 0.13% and Canada's S&P/TSX Composite advancing 0.17%. The downward pressure began in Asia-Pacific markets after South Korea's Kospi dropped nearly 5% following a drop of almost 7% in memory chipmaker Samsung Electronics, which reported strong Q2 profit growth but faced concerns about spending and demand.
The technology sector faced significant pressure as investors rotated out of AI-related stocks amid elevated expectations. According to FBB Capital Partners, expectations are up, and fundamentals are struggling to meet these high sky-high demands, which is fueling the current decline. Shares of Micron closed down 4.7%, with KLA, Marvell Technology, Broadcom and AMD also posting declines. The VanEck Semiconductor ETF (SMH) fell more than 3%, reflecting broad-based weakness in the semiconductor sector. This rotation comes despite bullish analyst calls from major Wall Street firms, including Morgan Stanley and Raymond James initiating coverage with positive ratings and price targets. SpaceX shed more than 6% amid its Tuesday entrance into the Nasdaq-100, with analysts noting this as an "indicator of kind of a modest risk-off move" as the company attempts to be an AI player.
Commodity markets delivered mixed performance overnight, with WTI crude oil surging 5.76% to US$72.20/bbl amid stronger energy market sentiment following renewed Middle East tensions. As reported by Kapitales Research, gold declined 1.42% to US$4,105.73/oz, indicating weaker safe-haven demand, while copper fell 2.06% to US$6.05/lb on softer industrial metals sentiment. Uranium prices also weakened, declining 3.89%, reflecting continued pressure across the nuclear fuel market, and silver dropped 3.55% as investors reduced exposure to precious metals. Bitcoin slipped 1.38%, reflecting mild profit-taking in the cryptocurrency market. Adding to commodity pressures, oil prices rose after Iran attacked a Qatari liquefied natural gas tanker near the Strait of Hormuz, with international benchmark Brent crude futures settling up 3% at $74.16 per barrel and U.S. West Texas Intermediate futures gaining almost 3% to $70.44.
In April 2026, Union Minister for New and Renewable Energy and Consumer Affairs, Food and Public Distribution, Shri Pralhad Joshi announced that India ranks third globally in Renewable Energy Installed Capacity, according to the Renewable Energy Statistics 2026. As reported by PTI, India has moved ahead of Brazil in this ranking, with the International Renewable Energy Agency releasing the statistics as of December 2025. According to the IBEF article, renewable energy (including hydro) accounted for 50.22% of India's total installed power capacity as of December 2025, with solar capacity reaching 135.81 GW, leading the renewable segment. Overall non-fossil fuel capacity stood at 51.93%, reflecting a continued shift towards clean energy sources in India's power mix.
Premier Energies recently unveiled its plan to invest around ₹6,000 crore over the next three years to build ingot and wafer capabilities to become an integrated player in solar manufacturing in India. As reported by PTI, this investment is part of the company's ₹12,500 crore capex plan, which also includes more than doubling cell and module capacity to 10.6 gigawatts and 11.1 gigawatts respectively. The project has been approved by the Andhra Pradesh government, which has provided 200 acres of land in Naidupeta, around 45 minutes away from Tirupati. Sterling and Wilson Renewable Energy secured an order worth around $560 million in Egypt for a 1,000 MW-capacity solar power project integrated with a 600 MWh Battery Energy Storage System (BESS). Suzlon secured a repeat order from Tata Power to construct a 400 MW wind energy project in Andhra Pradesh.
