Indian Energy Exchange Ltd News

Analysts expect short-covering in Nifty; FIIs trim Bank Nifty bearish bets

F&O cues for Oct 25: The PCR data suggests 'max pain' for Nifty at 24,450 and for Bank Nifty at 51,700, said Dhupesh Dhameja of SAMCO Securities.

Indian Energy Exchange Q2 results: Net profit rises 25% to Rs 108.32 cr

Indian Energy Exchange (IEX) on Thursday posted over 25 per cent rise in consolidated net profit at Rs 108.32 crore for the quarter ended September 30, 2024 compared to the year-ago period mainly due to higher revenues. The company had reported a consolidated net profit of Rs 86.46 crore in the quarter ended on September 30, 2023, a regulatory filing showed. Total income rose to Rs 167.76 crore in the quarter in the quarter under review, from Rs 132.97 crore in the same period a year ago.

Nifty futures premium erodes; options hints at more pain below 24,700

F&O cues for Oct 22: Breakout from 24,700-25,250 range to trigger the next directional move, said Sahaj Agarwal of Kotak Securities. IndiaMart InterMesh and RBL Bank among 16 stocks in F&O ban today.

FIIs most bullish in 3 months, shows F&O data; Nifty eyes 4th monthly gain

Derivatives market update for Sept 30: FIIs long-short ratio in index futures jumped to 4.4:1; implying more than 4 long positions in index futures for every bet on the short side.

IEX tanks 12% on reports of govt's plan to implement market coupling

IEX doesn't see any merit in market coupling for power exchanges and believes that there will be more complexities in its implementation, than gains.

BSE zooms 19% on heavy volumes; MCX surges 8% on positive outlook

The outlook for Indian equities market in FY25 appears promising, supported by various factors such as economic recovery, stable government, increased focus on reforms, and rise foreign investments.

IEX hits 52-week high as Antique retains 'Buy', says coupling risk fading

Antique Broking believes that coupling risk from the uniform market clearing price mechanism could be fading given the practical difficulties in its implementation

F&O Insights: Aug expiry, RIL AGM to guide Nifty; India Cements exit today

Derivative market update for Thursday, August 29: The 10-day Nifty rally is under threat amid weak global cues; Monthly F&O expiry and RIL AGM may add to the market volatility.

F&O Insights: FIIs up Nifty, Bank Nifty bullish bets; futures premium dip

Derivative market update for Wednesday, August 28: The Nifty September futures premium dipped from Rs 155 to Rs 116 yesterday; while, Bank Nifty futures premium declined to Rs 257 from Rs 328.

F&O cues: FIIs bullish on Nifty MidCap; JK Cement, Deepak Nitrite on radar

Derivatives market update for Friday, August 23: Analysts suggest Nifty options market reflects a bearish sentiment, with increased Call writing vs. Puts, as the index nears major hurdles.

IEX total volume rises 56% YoY to 13,250 MU in July; stock trades flat

In July 2024, the Indian Energy Exchange (IEX) set a new record with the highest total trading volume, including certificates, reaching 13,250 MU. The figure marks an approximately 56% increase Y-o-Y.

IEX board reappoints SN Goel as CMD, promotes Rohit Bajaj as Joint MD

Indian Energy Exchange (IEX) board on Friday approved the proposal to reappoint Satyanarayan Goel as its Chairman and Managing Director and to appoint Rohit Bajaj as its Joint Managing Director. The board noted that Goel will attain the age of 70 years on August 10, 2024, and consequently, as per Companies Act, 2013, his term as Managing Director will end from the closure of the business hours on August 9, 2024, a BSE filing said. The board acknowledged Goel's extensive knowledge and over 40 years of experience in the power sector, it said, adding that as part of succession planning, the board unanimously agreed to reappoint Goel as the Chairman & Managing Director for three years from August 10. The board decided to elevate Rohit Bajaj, currently serving as Executive Director (non-board) -- Business Development, Strategy, Regulatory Affairs, and IT, as the Joint Managing Director for three years from August 10, it stated. The board also approved appointment of Rajeev Gupta as the

IEX share price up 3% on strong Q1 update; electricity volumes jump 25%

The rise in the share price came after IEX announced a strong Q1 power market update

IEX overall trade volume rises 19% to 28,178 million units in Apr-Jun

The Indian Energy Exchange (IEX) on Tuesday posted a 19 per cent growth in its overall trade volume to 28,178 million units in the April-June period of FY25. The exchange achieved 23,680 million units (MU) overall trade volume in the year-ago period. "For the first quarter, IEX achieved electricity volume of 28,178 MU, an increase of 19 per cent year-on-year (y-o-y). Total volume for the quarter, including certificates, was at 30,354 MU, up 20.8 per cent from 25,125 MU in Q1 FY24," it said. In June alone, volume trade was 10,185 MU, 24.7 per cent higher from 8,168 MU in June 2023. The total volume in the month, including certificates, increased 19.4 per cent to 10,677 MU from 8,946 MU a year ago. Hot weather conditions led to an unprecedented surge in electricity demand during the first quarter of this financial year. The country's energy consumption of 452 BUs in Q1 FY25 was 11.2 per cent higher compared to Q1 FY24. During the quarter, the country's peak demand reached 250 GW, ..