News for Indian Energy Exchange Limited (IEX.BO)

The GIFT Nifty was trading slightly higher Friday morning, which implied muted to higher start for the Nifty 50. The GIFT Nifty was trading 0.05% or 12.50 points higher at 24,534.00 as of 6:41 a.m.

Domestic markets face downtrend pressure amid global headwinds, with focus on US tariff measures and FII behavior.

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Indian markets closed higher on Monday, led by financial and healthcare stocks. Analysts anticipate range-bound movement amid tariff uncertainties, with investor focus on upcoming FED and BOJ meetings for economic cues.

Stocks including REC, Paytm, RBL Bank, ASK Automotive, CEAT, Sunteck Realty, Indian Energy Exchange and Intellect Design will be in the spotlight on Tuesday, March 04.

Stocks including L&T, JSW Steel, Wipro, Bank of Baroda, Biocon, Torrent Power, PB Fintech, Kalyan Jewellers and more will be in the spotlight on Friday, January 31.

Adani Power posts strong Q3 growth with a 7% rise in profits and plans to raise ₹5,000 crore through a QIP.

Indian Energy Exchange on Thursday posted a nearly 17% rise in its consolidated net profit to Rs 107.29 crore, mainly driven by higher revenues.The company had reported a consolidated net profit of Rs 91.80 crore for the quarter ended Dec. 31, 2023, a BSE filing showed.Its total income rose to Rs 160.53 crore in the quarter from Rs 141.21 crore a year ago.

Indian Energy Exchange net profit rises nearly 17 pc to ₹107 cr in Q3

Indian benchmark indices fell sharply on Thursday, dragged down by the Adani Group stocks. The Nifty breached the 23,350 level and is heading towards 23,180. The 20-day moving average at 23,500 is an immediate hurdle. The overall market sentiment remains weak.

Stocks including ITC, IndusInd Bank, NTPC, Axis Bank, IEX, Godrej CP, Coal India, Bharat Electronics, LTTS and more will be the spotlight on Friday, October 25.

Ten stocks, including Aarti Industries and Bandhan Bank, are under ban from F&O trading as their open interest exceeded 95%. This ban will only be lifted if their open interest drops below 80%. The Indian benchmark indices S&P BSE Sensex and Nifty ended lower on Wednesday amid volatile trading, foreign fund outflows, and selling pressure.

The electricity volume, including green energy, reached 10,332 MU for the month, marking a 21% YoY increase.

Electrification is a global trend, gaining momentum from electric vehicles (EVs) and data centers, according to a Motilal Oswal report. Power stocks have thrived, with the 13-stock BSE Power index yielding 90% returns over the past year. Four stocks delivered multibagger gains of 221% to 103%, while others achieved high double-digit returns of 94% to 75%.

After reaching a 52-week high of ₹244.40 on September 24, shares of the Indian Energy Exchange (IEX) have since fallen 15%, nearing a key support level at ₹200. This decline follows reports of potential market coupling for power exchanges, expected to be implemented by the end of the current fiscal year or the start of FY26, which may impact IEX's market dominance.

Five stocks, including Aditya Birla Fashion and Retail, Granules India, Hindustan Copper, Vodafone Idea, and Indian Energy Exchange, are under F&O trade ban on Thursday. The ban occurs when open interest crosses 95% of market-wide position limits. It is lifted only if open interest falls below 80%. Nifty and Sensex closed at fresh highs despite a weak start.

Benchmark equity indices closed flat on Tuesday after hitting record highs. Nifty50 surpassed 26,000 and Sensex crossed 85,000 for the first time. Sensex slipped 14 points to settle at 84,914, while Nifty inched up by 1 point to close at 25,940. Sectors like Auto, IT, Pharma, and oil & gas ended in the green.

IEX share price: 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.

Indian indices ended lower on Wednesday, breaking their two-day winning streak. Nifty formed a spinning top candle, indicating short-term hesitation. Analyst Hrishikesh Yedve recommends a buy on dips strategy as long as Nifty stays above 25,080. Resistance is at 25,500, and support is at 25,280-25,300.--