The Nifty IT index closed 0.01 per cent at 40424.60.
Posts tagged All News
FII/DII activity – and what we can make out of that! (05-11-2024)
Well… Its true that everyone is talking and panicking about sudden withdrawals but FII’s in recent times. in my opinion there are few questions we should ask for ourselves before panicking
1. what is the % of withdrawals to their total investment?
2. Is there any global uncertainty looming on?
3. Is it a special Month or a period of year of rebalancing global money?
I think its just around 1-1.8% of their investment is withdrawn, there can be many reasons out of which few key to my understanding are… Raising China Markets, Japan’s crumbling economy and most importantly US Elections, which is one of the key events globally.
View : with the way china markets are booming money may be shifting there and Indian markets may see another spurt of bull run post US Elections.
I am a very new bee to this forum and would appreciate other thoughts on this.
Indian Energy Exchange (IEX) (05-11-2024)
While everyone is focused on Market Coupling, here are some diversification and growth catalysts shaping IEX:
- Long Duration Contracts Pending CRC Approval:
- IEX has filed for approval of 11-month contracts, awaiting CERC’s final decision.
- Also filed for the Green RTM segment, offering premium pricing opportunities for renewable energy and enabling green power trading just one hour in advance, helping to manage weather-related supply variations.
- Launch of International Carbon Exchange Subsidiary:
- IEX’s subsidiary is accredited as India’s first renewable energy certificate issuer for globally recognized I-REC digital certificates (representing 1 MWh of renewable energy).
- Potential Launch of India’s First Coal Exchange:
- Recently announced by the Coal Minister; IEX is collaborating with stakeholders to explore this new platform.
- Draft Guidelines for EPR Trading and Settlement:
- CPCB’s draft guidelines for Extended Producer Responsibility (EPR) trading platform (for plastics, e-waste, battery waste, etc.) aim to enable transparent price discovery for recycling compliance certificates. IEX is evaluating entry into this segment.
- CERC’s Proposed Enhancements to Market Structure:
- Proposed changes in Term Ahead Market (TAM) aim to standardize products across exchanges, boost liquidity, and increase Real-Time Market (RTM) volumes due to stricter grid discipline requirements.
- Cross-Border Power Flexibility:
- CEA now allows plants selling power cross-border to redirect unscheduled power to Indian exchanges, potentially improving liquidity.
- Extension of Section 11 for Coal-Based Plants:
- MoP’s directive to operate imported coal-based plants until Dec 31, 2024, supports demand on exchanges.
- New Rules for Late Payment Surcharge (LPSC):
- Directives for long-term PPA generating stations to offer un-requisitioned power (URS) on exchanges, with 100 million units of URS power now available daily.
- Enhanced Compliance Norms Under Gujarat’s Energy Conservation Act:
- GERC’s stringent penalties for unmet renewable purchase obligations aim to strengthen the REC market, maintaining a vibrant platform for green certificates.
Overall, these developments enhance liquidity, help manage power prices, and support DISCOMs and C&I consumers in optimizing procurement costs. Positive signals for IEX growth!
Australian markets end lower after RBA holds key rate (05-11-2024)
The benchmark S&P/ASX 200 dipped 0.40 percent to 8,131.80, with financials and consumer stocks leading losses. The broader All Ordinaries index closed 0.42 percent lower at 8,387.80.
Dr Reddy’s Labs Q2 Results: Profit falls 15% YoY to Rs 1,255 crore, revenue up 17% (05-11-2024)
Dr Reddy’s Labs Q2 Results: Healthcare major Dr Reddy’s on Tuesday reported 15% drop in its consolidated net profit at Rs 1255 crore in the second quarter. It was Rs 1480 crore in the year-ago quarter.
Wall Street Financiers Queue Up for a Chance at Billions in Saudi Oil Cash (05-11-2024)
Are you an international business titan on the hunt for billions of dollars of Saudi oil cash? Prepare for “a mind game.”
Stock market update: Nifty Bank index 1.94% (05-11-2024)
The Nifty Bank index closed 1.94 per cent at 52207.25.
Chinese markets rally on optimism from the government (05-11-2024)
Additionally, a private survey showed China’s services activity expanded at the fastest pace in three months in October.
Dollar index mildly lower after recovering from two week low (05-11-2024)
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Eco Recycling Limited (Ecoreco (05-11-2024)
Sealmatic is another business that does this all the time. They want to create a hype about the business for various reasons. It could be fund raise, keep investors interested in the company if nothing exciting has happened in the company for a while etc…
While it should not be construed in a negative way, I like managements that speak less and deliver more. As long as the numbers are good, these things don’t matter.