In July, India invited pilot bids under its $2 billion programme to incentivise production of green hydrogen and manufacturing of electrolysers. Bids for 0.55 million metric tons of green hydrogen production have been received against the invited 0.45 million tons, the statements showed. The companies include Acme Cleantech, Sembcorp Green Hydrogen, CESC, Greenko ZeroC and Avaada GreenH2, they said.
When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which it was traded throughout the day, with the average being weighted by trading volume.
Positive setup was seen in stocks like Tata Power, IEX, Container Corporation, India Cement, MGL, MCX, Zydus Life, LIC Housing Finance, BEL, Voltas, BHEL, etc.