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Indian share markets staged a mild recovery in the afternoon session after Donald Trump was elected as the President of the United States of America. At the closing bell, the BSE Sensex stood lower by 339 points, while the NSE Nifty finished down by 111 points. Meanwhile, the S&P BSE Mid Cap & the S&P BSE Small Cap finished down by 1.9% and 2.7% respectively.

Barring healthcare, PSU and banking sectors, all other sectoral indices finished in the red. Among them, realty sector fell the most by 10.2% following the government's ban on the use of Rs 500 and Rs 1000 currency notes.

Asian stock markets tumbled over the outcome of the U.S. presidential election with shares in Japan leading the losses. The Nikkei 225 is down 5.36% while Hong Kong's Hang Seng is off 2.16% and China's Shanghai Composite is lower by 0.62%. European markets are lower today with shares in France off the most. The CAC 40 is down 0.99% while Germany's DAX is off 0.54% and London's FTSE 100 is lower by 0.03%.

The rupee was trading at 66.80 against the US$ in the afternoon session. Oil prices were trading at US$ 44.82 at the time of writing.

According to an article in The Business Standard, NTPC is well on course to meet its target of generating 10 gigawatts (GW) of solar energy as part of the government's aim of 100 GW by 2022. More than 90% of the company's current coal-based capacity addition is low on carbon footprint, high efficiency and SC (super critical)/USC (Ultra Super Critical) units.

NTPC is also focused on maintaining company's market leadership in the power sector through an increase in renewable portfolio, while optimizing the operations of existing fossil fuel fleet.

Ministry of Environment & Forest Secretary A N Jha referred to the dilemma of NTPC as a responsible power generator to find ways of providing power to feed the development needs of 1.2 billion people in India and also ensuring minimum damage to the environment. According to him India is likely to meet the long-term IEA (International Energy Agency) projections on Energy Demand & Supply, the current mid-term will see a substantial increase in coal-based generation in addition to renewables. Share price of NTPC finished the day on a flat note.

In a similar development, Adani Enterprises announced the commissioning of Punjab's largest solar power plant of 100 MW, at an investment of Rs 6.40 billion. The plant has been set up by its subsidiary Adani Green Energy Ltd. As per the reports, the company is said to be using top notch technology to set up the entire 100 MW solar plant project, which has started commissioning almost six months ahead of schedule.

The solar plant is not only the largest project in Punjab but will also prove to be the largest tracker-based solar project in the country.

Adani Group is a leading player in solar power generation in the country. The company reportedly has a 40 MW solar plant at Bitta, Gujarat and has recently unveiled a 648 MW solar power project at Ramanathapuram district in Tamil Nadu which is the world's largest solar power plant at a single location.

Moreover the company has also signed a JV with the Rajasthan government to develop the country's largest solar park in the state with 10,000 MW capacity.

Moving on to news from stocks in FMCG sector. According to an article in Livemint, Nestle India is evaluating five new segments to enter over the next few quarters. The move is part of the company's plan to reduce its dependence on Maggi noodles and get its existing portfolio of products back on the growth path.

The company aims to leverage its research and development capabilities, science and technology and nutrition values in its products, to take on challenge from home grown companies like Patanjali.

In calendar year 2014, Nestle India had revenue of Rs 98.54 billion. The company's total revenue is still much below what it was before the ban. In the quarter ended 30 September, it reported revenue of Rs 21.90 billion. It was Rs23.32 billion in quarter ended 31 March 2015 (the quarter before the Maggi ban).

The company is currently evaluating five new categories, Nespresso (a coffee machine), Dolce Gusto (a coffee capsule system), pet care, cereal and skin care. The company also recently entered the healthcare segment, while it has already started bringing out new milk products.

Nestle may bring in new products from its global portfolio. As per the reports, the boards of Nestle India and Nestle SA, have agreed that there was a need to "accelerate the game in India", which will require fresh investments in the existing portfolio, new products, renovation and innovation, with a quest to double revenue in India within four to five years.

Share price of Nestle finished the day down by 0.2% on the BSE.

Meanwhile, FMCG stocks languished in red in today's trade with Lakshmi Overseas Industries and Godrej Consumer leading the losses.

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