Key benchmark indices dropped in volatile trade on heightened speculation that the Federal Reserve may be about to start cutting back on its stimulus program. The barometer index, BSE Sensex, was down 71.16 points or 0.33%, CNX Nifty shut shop down by 31 points. The market breadth, indicating the overall health of the market, was negative. The advance to decline in Nifty50 stocks stands at 19 advances to 31 declines.
Central Electricity Regulatory Commission (CERC) website late on Monday, 9 December 2013. CERC's draft regulations have tightened some operational parameters, reducing the use of financial incentives for achieving transmission and generation targets. The guidelines also propose that some of the savings from fuel costs be partially passed on to consumers. The rules need to be finalized by March. NTPC was down 11.35% on huge volumes based on this news.
Central Electricity Regulatory Commission (CERC) website late on Monday, 9 December 2013. CERC's draft regulations have tightened some operational parameters, reducing the use of financial incentives for achieving transmission and generation targets. The guidelines also propose that some of the savings from fuel costs be partially passed on to consumers. The rules need to be finalized by March. NTPC was down 11.35% on huge volumes based on this news.
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