The NSE Nifty index closed 70.61 points down at 25057.35
Hanni of NewJeans Testifies in Parliament About Bullying at Work (15-10-2024)
The appearance by Hanni, a member of NewJeans, was eagerly awaited, but she offered few revelations about her famously regimented industry.
Rupee ends little changed, fall in oil prices counters decline in Asia FX (15-10-2024)
The Indian rupee ended little changed on Tuesday as the slump in crude oil prices offset the impact of weakness in Asian peers and dollar demand from foreign banks.
Stock market update: Power stocks up as market falls (15-10-2024)
The 30-share BSE Sensex closed down 152.93 points at 81820.12
Quick Wrap: Nifty Realty Index gains 2.05% (15-10-2024)
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Kuantum Paper – Strong Turnaround (15-10-2024)
An update on this ethanol story – Found this piece of information on public domain. The khaitan bio energy which was mentioned in the previous post is held privately by the Khaitan family. Attached screenshot :
Also there was no follow up update on the ethanol story in this year’s annual report. The piece almost vanished in thin air.
Earlier, in 2023 annual report there was a half page writeup on the ethanol story with a mention of creating a SPV and a concluding statement that read –
This was a bet on paper companies venturing into ethanol production, anticipating a boom similar to the sugar industry. However, it appears the management intends to keep the benefits to themselves for now.
Disc: Squared my position.
Market Wrap: Sensex falls 153 points, Nifty below 25,100 as inflation spooks investors; RIL, IT stocks weigh (15-10-2024)
India’s Sensex and Nifty50 indices ended in the red on Tuesday, impacted by declines in Reliance Industries, financial, and IT stocks. September’s high retail inflation could delay rate cuts, further dampening market sentiment. Major laggards included Bajaj Finance, Tata Steel, and Tata Motors.
9 Monkeys Die in a Hong Kong Zoo (15-10-2024)
The zoo partially closed after the deaths, which occurred over two days and included members of a critically endangered species.