Good morning!
Here are the top stories to start your day.
For more updates on F&O. Click here.
⭐ February heat generates demand for IEX
Indian Energy Exchange, which operates the power exchange platform, reported a 5% MoM rise in average daily volume in February 2023. Meanwhile, the overall volume on the platform declined by 7% YoY to 8200 MU. Company said power demand increased in February due to the warm temperature and sustained momentum in economic activities.
⭐Bajaj Electricals bags new contract
Bajaj Electricals has bagged an EPC contract worth ₹565 crore from South Bihar Power Distribution Company Ltd (SBPDCL). The project will be executed in 30 months, which involves installing electric supply infrastructure in several districts of Bihar.
⭐ Goods and services exports could scale new highs
As per Commerce Ministry, India’s export of goods and services is expected to exceed $750 billion this fiscal year despite the global slowdown. Last year, goods and services exports touched an all-time high of $676 billion.
Global markets (at 9:15 AM today)
| Indices | Today's movement |
| SGX Nifty | ▲1.00% |
| Nikkei 225 (Japan) | ▲1.22% |
| Hang Seng (Hong Kong) | ▲0.08% |
| SSE Composite (China) | ▼ 0.24% |
| Dow Jones (US) (March 03) | ▲1.17% |
| NYSE (US) (March 03) | ▲1.23% |
| Nasdaq (US) (March 03) | ▲1.97% |
| S&P 500 (US) (March 03) | ▲1.61% |
Fact of the day
India to get $1 billion from the World Bank to support healthcare infrastructure.
Source: Live Mint