Indian Markets End Lower On April 30; Green Energy Stocks Face Broad Selling Pressure

Indian equity markets ended the trading session on April 30, 2026, on a weak note, with benchmark indices closing lower amid broad-based selling pressure. The S&P BSE Sensex declined by 0.75% to settle at 76,913.50, while the NIFTY 50 dropped 0.72% to close at 24,004.10. The negative sentiment was visible across sectors, including green energy and electric mobility, where most stocks remained under pressure.

In the renewable energy space, only a few companies managed to post gains. Praj Industries emerged as the top performer, rising about 2.5% to close at 411.00. Kabra Extrusion also saw a gain of 1.6%. Meanwhile, Reliance Industries showed some resilience by increasing 0.66% to 1,435.50. JSW Energy remained slightly positive on the BSE, registering a 0.46% rise, although it witnessed a marginal decline on the NSE.

Despite these gains, most stocks in the sector ended in the red. Websol Energy was the worst performer, falling 5.00% to close at 110.39. Insolation Energy also declined sharply by 3.39% to 147.15. Among larger players, Adani Green Energy and Tata Power both dropped around 1.5%. Larsen & Toubro saw a sharper fall of 1.73%, closing at 4,025.00.

The electric vehicle and battery segment also experienced selling pressure. Amara Raja Energy & Mobility fell 1.21%, while Exide Industries traded lower. Olectra Greentech and Sterling and Wilson Renewable Energy declined by about 1% each. NTPC Green Energy Ltd. also recorded a marginal loss.

In the broader energy sector, GAIL and Indian Oil Corporation both ended over 1% lower. Indian Energy Exchange and Borosil Renewables also closed with minor declines.

Overall, the market saw a cautious trend, with investors pulling back from high-growth sectors like renewable energy. The broader weakness in benchmark indices influenced sectoral performance, leading to a subdued close for the month of April.