The Indian stock market witnessed a broad sell-off in green energy and power stocks on September 28, 2026, as renewable energy companies tracked the sharp decline in benchmark equity indices. The S&P BSE SENSEX and NIFTY 50 both declined 1.52%, closing at 72,771.72 and 22,788.25 points, respectively.
The market correction triggered selling pressure across major renewable energy, power, infrastructure and energy storage companies on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Adani Green Energy was among the major renewable energy stocks to face pressure during the session. The company’s shares declined more than 4.2% on the BSE to around ₹1,237.75, while the stock fell 4.83% on the NSE to ₹1,234.00. Sterling and Wilson Renewable Energy also declined more than 3.5%, while Inox Wind dropped nearly 3.9% on the BSE.
Energy storage and battery companies were also affected by the broader market weakness. Exide Industries declined more than 2.7%, while Amara Raja Energy & Mobility fell over 2.1%. Companies with diversified energy and infrastructure operations also recorded losses. Larsen & Toubro declined more than 2.6% to ₹3,770.00, while Reliance Industries fell over 2.2% to close around ₹1,198.50.
Other major power and renewable energy companies, including Tata Power, JSW Energy and NTPC Green Energy, also ended the trading session in negative territory. EKI Energy Services recorded the steepest decline among the tracked green energy stocks, falling 9.4%.
However, some stocks managed to remain positive despite the wider market correction. Juniper Green Energy gained 1.48% on the BSE to ₹270.00 and increased 3.24% on the NSE to ₹266.05. Kabra Extrusion also gained around 1.5%, closing at ₹859.10 on the BSE.
Borosil Renewables remained largely stable on the BSE, registering a marginal gain of 0.03% to ₹455.30. On the NSE, however, the stock declined slightly by 0.46%.
The trading session reflected a broad risk-off environment, with investors reducing exposure to several renewable energy and power stocks. The sector’s movement largely followed the weakness in the broader equity market, resulting in significant declines across both large-cap and mid-cap companies.
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