NEW DELHI: Nifty formed a fresh lifetime high in the intraday trade and formed a bullish candle on the daily chart.
Manish Hathiramani, proprietary index trader and technical analyst at Deen Dayal Investments said, “We should now be headed to 14,800-14,900. Good support has been created at 14,200. Keeping that as a stop level, traders can time their long positions in the Nifty. A buy on dips strategy would be a prudent approach.
“An optimistic western market aided the Indian market to touch lifetime highs with new buying in segments like auto, IT and PSU bank. So far, the Q3 results are better than forecasted and this has led to continued buying across sectors. Ahead of Joe Biden’s inauguration as President, the US market is in an upbeat mood with high expectations of a big US stimulus, said Vinod Nair, Head of Research, Geojit Financial Services.
Dust and Smoke:
By Awadhendra Sharan
Air pollution is now the world’s leading environmental risk factor. It reportedly causes 5 million deaths globally, India and China alone contributing 1.2 million deaths each. With increased inconveniences and suffering on account of the poor quality of outdoor and indoor air in India, it is imperative to look at how air is impacted by our activities, how it is regulated, and how it affects spaces and bodies across class and gender.
‘Dust and Smoke’ examines the history of smoke as a nuisance in Indian cities, particularly in colonial Calcutta and Bombay. It studies the varied sources of energy used for domestic and industrial purposes, the persistence of old trades, the organisation of industrial production, labouring practices, and urban development projects which produced new sites of work, habitats and commodities on the one hand, and smoke and dust on the other.
Unlocking the value of renewable energy assets through InVITs in India
Tata Power plans to launch first RE InVITs in the country, NTPC too is considering it: What does it mean for investors?
Radha Krishna Tripathy | January 13, 2021
(GN Photo)
India has been witnessing a sluggish demand growth for power amidst COVID-19. It has affected both thermal as well as renewable energy (RE) sector. While thermal sector (coal) plant load factor (PLF) is coming down continuously amidst no new generation building up, renewable energy held its ground through several government measures despite no new appetite shown by the distribution companies. The pipeline is constantly building up for renewable energy assets through new bidding by SECI (Solar Energy Corporation of India) and NTPC (National Thermal Power Corporation). The policy push to support renewable energy by providing it the most run status helps in building momentum for the investors.
(GN Photo)
Maharashtra Veej Grahak Sanghatana, a state-level coordination committee of industrial associations and power consumers, has approached the state government for urgent intervention on key concerns after Maharashtra Electricity Regulatory Commission on December 9 published the draft of the MERC (Electricity Supply Code and Standards of Performance of Distribution Licensees including Power Quality) Regulations, 2020, inviting public suggestions and objections.
The committee pointed out that the commission’s draft on changes goes against recently notified Ministry of Power, GoI, Electricity (Rights of Consumers) Rules, 2020. “MERC regulations have to be consistent with MoP Rules and cannot have such contradictions,” it says.
The committee in its suggestions and objections says that there is nothing new in the draft regulations and offer no improvements to the existing Supply Code Regulations 2005 and MERC (Standards of Performance of Distribution Licensees, Period fo
Stocks to Watch: Vedanta, JSPL, IDBI Bank, Infibeam Avenues, Mahindra & Mahindra
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Here’s a list of top ten stocks that may be in news on Friday:
Vedanta: Mining major Vedanta Limited emerged as the highest bidder for the Radhikapur West coal block, located in Angul district, Odisha at a distance of about 190 km from the Company’s Jharsuguda Aluminium Smelter.
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. 12 Apr 2021
JSPL: Jindal Power has been declared as the successful bidder for a block of Gare Palma coal mine in Chhattisgarh.