Given the cautious mood after the consistent upward journey of the volatility index and Bearish Engulfing candlestick pattern formation on the daily charts, 22,300—the low of the big bullish candle of April 25—is expected to be a key level to watch for a further downside in the Nifty 50.On the higher side, in case there is a rebound, the index may face resistance at the 22,600-22,650 level, ex...

Coal India will be announcing its Q4FY24 earnings on May 2. According to consensus estimates of 11 brokerages, the PSU firm's revenue for Q4FY24 is expected to increase by 8.7 percent to Rs 38,152 crore as against Rs 35,092 crore in Q4FY23. PAT, on the other hand, is expected to increase by 27 percent to Rs 7,617 crore from Rs 5,533 crore in Q4FY23 but is expected to decline on a QoQ basis. EBITDA...

India introduced 11.4 gigawatts (GW) of entirely new coal proposals in 2023, which is more than the newly proposed capacity in any year in the country since 2016, according to a new report from Global Energy Monitor (GEM)."After what appeared to be a promising year for the beginning to phase down India’s coal power dependence in 2022, the lack of retirement planning paired with new coal capacity...

Adani Power shares slip on fresh litigation over coal transport cost, Adani Power stock has surged about 220 percent from its 52-week lows at Rs 166.25 hit in March 2023. Year-to-date, the stock has risen nearly 1 percent, underperforming benchmark Nifty 50 marginally.Shares of Adani Power edged lower on March 26 after the company announced the disclosure of a new litigation matter. The Maharashtr...

JSW Steel mulling LPG gas usage in Gujarat plant amid emission goals, LPG is considered a better alternative to coal because it has a higher calorific value and does not produce smoke while being burnt.After Tata Steel, JSW Steel has emerged as the new player to evaluate using liquified petroleum gas (LPG) to reduce its carbon emissions, pivoting away from coal, which has a higher emission intensi...