Friday, November 29
India is overhauling the way it forecasts electricity demand to ensure generation capacity matches what’s needed and the grid remains stable with increasing volumes of clean energy. The government’s Central Electricity Authority, or CEA, is seeking cooperation with weather agencies to access better environmental data and plans more frequent forecasts to account for unexpected events, said Ghanshyam Prasad, the chairperson of the planning body. “We had been doing detailed demand assessment every five years, which we now plan to do every two years and eventually make it an annual exercise,” he said in an interview at his office in New Delhi. Changing power usage patterns, rising use of intermittent solar and wind energy and increasingly frequent extreme weather events have complicate
Indian market is likely to trade lower on Monday tracking muted global cues.Benchmark indices started Samvat 2081 on a positive note in the special Diwali mahurat trading session on Friday.On the options front, the maximum Call OI is placed at 24,300 and then towards 24,500 strikes while the maximum Put OI is placed at 23,000 and then towards 24,000 strikes.Call writing is seen at 24,300 and then towards 24,700 strikes while Put writing is seen at 23,000 and then towards 24,200 strikes.“Options data suggests a broader trading range in between 23,800 to 24,600 zones while an immediate range between 24,000 to 24,400 levels,” Chandan Taparia, Head, Equity Derivatives & Technicals, Wealth Management, MOFSL, said“Nifty formed a bearish candle on the daily frame on Thursday and broke i
