India’s $570M Green Push: Can Steelmakers Beat the Carbon Challenge?

Welcome Back Investor!

Gold prices dipped today as investors locked in profits ahead of the US Fed’s policy outcome, a decision that could sway global markets. On MCX, rates slipped below ₹71,200 per 10 grams, with experts eyeing ₹71,000 as a crucial support and ₹72,200 as a resistance zone. The pullback highlights how sensitive bullion remains to interest rate cues - raising the big question: will the Fed’s stance dim gold’s luster, or set the stage for another glittering rally?

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Today’s Market Menu

▪️ Impact News

▪️ Markets

▪️ Everything else you need to know today

▪️ Special

▪️ Mindset

▪️ Stock Screener to up your game

IMPACT NEWS

India Commits $570M to Decarbonize Steel: A Green Push for a Heavy Industry

India has announced a $570 million package to help steelmakers decarbonize, a bold move as global climate rules tighten and the EU’s Carbon Border Adjustment Mechanism (CBAM) threatens to make carbon-heavy exports costlier.

The steel industry accounts for nearly 12% of India’s industrial emissions, making it one of the hardest sectors to clean up. The new funding will support projects like renewable power integration, cleaner furnace upgrades, and early adoption of green hydrogen. It will also encourage R&D and pilot programs for carbon capture technologies.

This investment arrives as Europe, a key buyer of Indian steel, prepares to impose carbon taxes from 2026. Without significant upgrades, Indian mills risk losing competitiveness in one of their biggest markets.

Still, challenges remain. Green hydrogen is costly, coal-heavy blast furnaces are tough to overhaul, and rivals like Japan and South Korea are already advancing their green steel pilots.

While $570 million won’t solve the problem overnight, it signals a clear shift in policy. For steelmakers and investors alike, this could mark the beginning of a long-term green transformation in one of India’s most vital industries.

MARKETS

Markets closed higher today with Sensex up 313 pts, Nifty 91 pts, and Bank Nifty leading gains (+0.63%), while midcaps stayed flat. The rally was fueled by optimism around India-U.S. trade talks, hopes of a Fed rate cut, and a stronger rupee boosting foreign inflows. Banking and PSU stocks outperformed, while metals cooled off, leaving the market tone positive heading into the next session.
_{Closing figures as on 17.09.25 (3.30pm IST)}

🔎 In Focus

Stock Performance:

Top Gainers

✅ Tata Consumer Products (+4.0%): A star performer today, rallying on the back of strong quarterly numbers and rising analyst upgrades. Demand momentum in beverages and packaged foods is driving optimism.

✅ KPIT Technologies (+3.9%): Continued upward march after Motilal Oswal initiated coverage with a “Buy”, highlighting strong demand in automotive software and engineering services. EV and ADAS themes are proving to be KPIT’s growth engine.

✅ MCX India (+3.6%): Shares spiked as trading volumes in commodities surged ahead of the US Fed policy outcome. Analysts see MCX as a prime beneficiary of higher market volatility.

✅ PNB (+3.2%): PSU banks extended gains with PNB in the lead, buoyed by expectations of strong credit growth and lower NPAs. Investor confidence is rising as reforms and recoveries improve the PSU banking outlook.

Top Losers

🔻 Vodafone Idea (-2.1%): The stock slipped as investors turned cautious ahead of the Supreme Court hearing on AGR dues this week. Heavy volumes suggest traders chose to book profits after the recent run-up. Until clarity emerges on its liabilities, volatility will stay high.

🔻 ICICI Lombard (-2.1%): Insurers were under pressure after reports of higher motor claim settlements impacting margins. The market is factoring in near-term profitability risks, keeping sentiment weak.

🔻 AB Capital (-2.0%): Decline came on the back of profit booking and sectoral rotation as investors shifted focus toward PSU banks. Despite solid fundamentals, NBFCs saw muted buying interest today.

🔻 Jindal Steel (-1.9%): Shares cooled as metal counters faced heat following news of the EU’s stricter carbon border tax. With Europe being a key export hub, traders trimmed positions on concerns of near-term pressure on margins.

INDIA FRONTIER

Everything else you need to know today

🌍 Headwind: India’s steel exports are bracing for a heavy blow from the EU’s new carbon tax, even as fresh U.S. tariffs pose little risk. With nearly two-thirds of shipments headed to Europe, the CBAM levy could squeeze margins and force a rethink on greener tech.

🚀 Breakout: Urban Company dazzled on debut, soaring 74% on the NSE and touching a near $3 billion valuation. The home-services giant - backed by Tiger Global - saw its IPO oversubscribed 103x, underlining India’s appetite for consumer-tech bets.

⚠️ Disruption: China has ordered tech majors like Alibaba and ByteDance to halt purchases of Nvidia’s AI chips, scrapping even existing deals. The move signals Beijing’s push for self-reliance in semiconductors.

🛫 Aggregator: Dream Folks is in deep turbulence as top banks including ICICI and Axis cut ties, preferring direct partnerships with airport lounges. With contracts slipping and footfall plunging nearly 40%, its middleman model looks fragile.

SPECIAL

Jio IPO: Value Unlocking for Reliance or Holding Company Discount for Investors?

Reliance Industries’ much-anticipated Jio IPO, expected in 2026, could be India’s largest listing with a potential valuation of ₹11-12 lakh crore. For Reliance, the move is about unlocking the hidden value of its telecom and digital arm, giving investors a clear picture of Jio’s standalone strength.

Under Sebi’s new norms, mega-IPOs like Jio will need to offload only 2.5% of shares initially, with relaxed public shareholding requirements. This makes the path to listing smoother and less dilutive for Reliance, while still ensuring a blockbuster debut. Analysts at Citi view the IPO as a big positive, allowing Reliance to highlight its consumer-tech growth story alongside its energy and retail businesses.

However, there’s a potential catch. Market watchers warn of a holding company discount-between 5% and 20%-once Jio is separately listed. The concern is that investors may prefer to buy Jio directly rather than pay a premium to own Reliance as its parent. BofA, for example, expects this to weigh on RIL’s attractiveness in the short term.

THE HANOOMAAN INSTITUTE

😊 5 Affordable “Happiness Investments” Every Investor Should Make

We often chase funding rounds, growth metrics, or revenue milestones, but psychology reminds us: happiness compounds better than capital.

For professionals alike, here are 5 affordable buys that actually boost joy - without breaking the bank:

1️⃣ Experiences over gadgets: A weekend trek, a local concert, or even a cooking class brings lasting joy compared to the dopamine rush of a new phone. In startups, it’s the same: invest in team experiences, not just tools.

2️⃣ Gifting others: Buying small, thoughtful gifts sparks connection and meaning. Founders who surprise their teams or early customers with personal tokens build emotional loyalty.

3️⃣ Time-savers: From meal kits to laundry services, outsourcing chores frees mental space for deep work. Happiness often hides in fewer distractions.

4️⃣ Comfort upgrades: An ergonomic chair, a better mattress, or noise-cancelling headphones. Tiny upgrades in comfort can massively improve focus and mood.

5️⃣ Learning materials: Books, online courses, or workshops don’t just expand knowledge, they expand confidence - priceless for founders navigating chaos.

Happiness isn’t expensive. It’s intentional. By choosing where to spend small, you create space to think bigger.

SUPERCHARGE YOUR INVESTING SKILLS

STOCK SCREENER TO UP YOUR GAME

Breakout stocks
by - Saravanan

100*((High price - Current price )/High price)  < 10 AND
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Thanks for reading.

Until tomorrow!

Hanoomaan India Business team

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