Oil Nears $100: Renewable Stocks Soar Amid Middle East Tensions, Up to 14% Gains

• Indian stock market was subdued, but the renewable energy sector saw a strong rally on Thursday.
• Rising geopolitical tensions in the Middle East and crude oil prices nearing $100 per barrel drove investor interest in solar and wind energy companies.
• NTPC Green Energy surged 13.8%, Solex Energy 13%, KPI Green Energy 11.8%, and Saatvik Green Energy 7.9%.
• Other companies like Servotech Renewable Power, ACME Solar Holdings, Inox Wind, Suzlon Energy, Vikram Solar, and IREDA also saw gains.
• High oil prices make renewable energy more competitive, and governments' push for clean energy further benefits the sector.