Category: 上海后花园论坛

Gandhwani Madhya Pradesh Assembly Constituency Election 2023: Date of Result, Voting, Counting; Candidates

Posted on by

As anticipation mounts for the upcoming Gandhwani Constituency Election in Madhya Pradesh, voters are eagerly awaiting the big battle that kicks off with the announcement of key dates by the Election Commission of India. Here, we provide you with essential details about the Gandhwani Constituency Assembly Election 2023 that every voter should be aware of.

Gandhwani Constituency Madhya Pradesh Assembly Election 2023: Voting Date

The voting date for the Gandhwani Assembly Constituency Election 2023 has been officially announced by the Election Commission. As per the ECI, Gandhwani Assembly Constituency will go to polls on November 17. Stay tuned for updates as we bring you the latest information.

Gandhwani Madhya Pradesh Election 2023: Candidates

Watch this space as prominent political parties, including the Indian National Congress (INC)Bharatiya Janata Party (BJP)and None Of The Above(NOTA) along with others, are poised to reveal their candidates for the Gandhwani Assembly Constituency Election 2023 post the official declaration of voting dates by the Election Commission of India.

Stay informed as we bring you the latest updates on the Gandhwani Assembly Constituency Election 2023, keeping you abreast of all the developments and insights that matter to you.

Gandhwani Constituency MP Election Result: What happened in 2018

Umang Singhar from Gandhwani of Madhya Pradesh, won the seat with 96899 votes. He defeated Bharatiya Janata Party’ Sardarsingh Mehda who had polled 58068 votes. The winning margin was 38831 votes.

2018 Gandhwani Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesUmang SingharIndian National Congress96899

Candidate List Party Name Votes Gained (Vote %) Umang Singhar Indian National Congress 96899 (57.53%) Sardarsingh Mehda Bharatiya Janata Party 58068 (34.48%) None Of The Above None Of The Above 5126 (3.04%) Aadiwasi Arvind Muzalda Gondvana Gantantra Party 3218 (1.91%) Bhuwan Singh Gahlot Bahujan Samaj Party 2056 (1.22%) Govind Rawat Aam Aadmi Party 1646 (0.98%) Kavita Chauhan Independent 1418 (0.84%)

Gandhwani Constituency MP Election Result: What happened in 2013

In the Madhya Pradesh Assembly election of 2013, Umang Singhar won from the Gandhwani seat garnering 66760 votes and defeated Bharatiya Janata Party candidate Sardarsingh Meda who bagged 54434 votes. The candidate who came third was None Of The Above’ None Of The Above.

Umang Singhar got 66760 votes while Sardarsingh Meda got 54434 votes.

2013 Gandhwani Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesUmang SingharIndian National Congress66760

Candidate List Party Name Votes Gained (Vote %) Umang Singhar Indian National Congress 66760 (49.96%) Sardarsingh Meda Bharatiya Janata Party 54434 (40.73%) None Of The Above None Of The Above 4817 (3.6%) Amar Singh Solanki Independent 2496 (1.87%) Kavita Krishnapal Singh Chouhan Bahujan Samaj Party 2103 (1.57%) Sukhlal Sisodiya Independent 1551 (1.16%) Parwat Singh Mandloi Bandhania Nationalist Congress Party 1473 (1.1%)

Gandhwani Constituency MP Election Result: What happened in 2008

Umang Singhar of the INC was the winning candidate from the Gandhwani constituency in the MP Assembly elections 2008, securing 48183 votes while 27124 votes were polled in favour of Chhatarsingh Darbar of the BJP. The margin of victory was 21059 votes.

2008 Gandhwani Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesUmang SingharINC48183

Candidate List Party Name Votes Gained (Vote %) Umang Singhar INC 48183 (54.84%) Chhatarsingh Darbar BJP 27124 (30.87%) Sunita Awaldaman IND 3883 (4.42%) Ganpatsingh Kiradiya BSP 2709 (3.08%) Prabhusingh Patel IND 2111 (2.4%) Sardarsingh Devipura BJSH 2034 (2.32%) Rukadiya Kanash IND 983 (1.12%) Bapusingh IND 827 (0.94%)

Reliance, PNB, Hero MotoCorp, Adani Power, Lupin, Bajaj Electricals, Rail Vikas Nigam stocks in focus

Posted on by

Indian benchmark indices BSE Sensex and NSE Nifty 50 are likely to extend losses on Friday. Ahead of the session, SGX Nifty was in red hinting at a negative start for Indian equities. “Deteriorated global economic environment has led to a sharp surge in bond yields and dollar index which has instilled fears of recession. Given this backdrop, market is expecting RBI in its policy meeting outcome to raise interest rate by 50bps. Investors, on Friday, would also react to GDP and Initial jobless claim data,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services.

Stocks in focus on 30 September, Friday

Reliance: Mukesh Ambani led Reliance Industries’ Reliance Retail launched a premium fashion and lifestyle store brand on Thursday, with the first store inaugurated in Bengaluru. It plans to open close to 40 such stores across 12 cities over the coming nine months, Akhilesh Prasad, CEO, fashion and lifestyle, Reliance Retail, said in an interview. The company will open about 25 AZORTE stores this financial year alone, and they will be positioned in metros, mini metros, class A cities and state capitals, Prasad said.

Hero MotoCorp: Hero MotoCorp on Thursday said it will invest $60 million in US-based Zero Motorcycles to jointly develop electric motorcycles. The two-wheeler maker said it is finalising a collaboration agreement with the California-based manufacturer of premium electric motorcycles and powertrains. Zero Motorcycles is the global leader in electric motorcycles and powertrains.

PNB: State-owned lender Punjab National Bank (PNB) announced plans to sell its entire 10.1% stake in Asset Reconstruction (ARCIL), amounting to 3.25 crore shares. The deal is expected to be completed by December 2022, the bank said in an exchange filing, without disclosing the identity of the purchaser or the consideration of the sale. The sale process of PNB stake in ARCIL is subject to the approval of the RBI, and when completed the bank will cease to be a sponsor of ARCIL.

Adani Power: Fair trade regulator Competition Commission of India (CCI) on Thursday approved the acquisition of 100 per cent equity of Diliigent Power and DB Power by Adani Power Ltd. The proposed combination relates to the acquisition of 100 per cent of the share capital and economic rights of Diliigent Power and DB Power by Adani Power Ltd.

Bajaj Electricals: At a meeting held on 29 September 2022, the Board of Bajaj Electricals approved the Scheme of Merger by Absorption of Nirlep Appliances (Transferor Company) with Bajaj Electricals (Transferee Company) and their respective shareholders under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 (Scheme).

Lupin: The pharma company has received approval from the United States Food and Drug Administration (FDA) for its abbreviated new drug application (ANDA), Mirabegron extended-release tablets, to market in the US. Mirabegron is a generic equivalent of Myrbetriq extended-release tablets of Astellas Pharma Global Development, Inc. The product will be manufactured at Lupin’s facility in Nagpur, India. The drug had estimated annual sales of $2403 million in the US as per IQVIA MAT data by June 2022.

Also Read: Tractor sales fall 4.6% in August due to erratic rainfall, but exports hold up; festive season respite eyed

Rail Vikas Nigam: The company has received contract for the construction of 4 lane highway from Samarlakota to Achampeta Junction, from the National Highways Authority of India (NHAI). The contract is a part of Kakinada port to NH – 16 connectivity in Andhra Pradesh under Bharatmala Pariyojana on EPC mode at the cost of Rs 408 crore.

Production, storage improve: Onion prices subdued ahead of sensitive season

Posted on by

Thanks to a rise in onion production and an improvement in its storage facilities at the farmers’ level, prices of the staple vegetable, a political hot potato, are unlikely to see any big fluctuations this year. And if things shape up as planned by the policymakers, the seasonal spike in onion prices in various pockets of the country during October-November may become a thing of the past, according to official sources.

Currently the benchmark onion price at Lasalgaon, Maharashtra is Rs 1,220/quintal down 20% from a year ago, and way lower than the last three years’ seasonal average of Rs 2,354/quintal.

Misal said that three years back mandi prices rose to Rs 3,000 a quintal in October which is currently ruling around Rs 1,100-1,200 quintal across key producing states. He said that prices are expected to stabilise at the current level as the kharif harvest will enter the market by the end of October.

Rabi onion harvested during April – June accounts for around 65% of the country’s onion production and meets the consumer’s demand till the kharif crop is harvested in October-November. Kharif harvested onions are not stored because of higher moisture content thus entering the market directly.

Also Read: India second-best performing major market this year

“Onion prices do not witness a sharp spike in October or November as it used to a couple of years back as production has increased along with storage infrastructure,” Uday Devlankar, former adviser to the Maharashtra agriculture prices commission and a farmer said.

The modal retail price of onion is currently around Rs 20/kg which was prevailing at Rs 30/kg a year back. In December 2019, retail onion prices touched Rs 100 a kg in many cities, resulting in the government’s ban on onion exports.

India exported 1.4 million tonne (MT) of onion valued at Rs 1,301 crore in 2021-22. Bangladesh and Malaysia had 46% and 12% share in total onion exports respectively in the last fiscal.

An official said since January 2021, there has not been any ban on onion exports as used to be a few years back.

In August 2022; onion price inflation was down 18.48% on the year.

Negative onion inflation in August 2022 was due to a bumper output of 31.7 MT in the 2021-22 crop year (July-June), against 26.6 MT in 2020-21.

The government had procured 0.25 MT of onion for the buffer stock in 2022-23 against 0.2 MT purchased in the previous year.

The onion stock was procured through farmers’ cooperative NAFED from farmers through the Farmer Producer Organisations in rabi onion growing states of Maharashtra, Gujarat and Madhya Pradesh.

“The price stabilisation through buffer stocks serves the twin objectives of providing remunerative prices to onion farmers and augmenting the availability of onions at affordable prices to the consumers,” a department of consumer affairs note stated.

An official said open-market releases of onion from buffer stocks are being released in those states/cities, especially in the northeastern states where prices show an increase over the previous month.

To address the post-harvest losses of onions including losses incurred from inefficient storage and processing, the department of consumer affairs has announced a grand challenge for the development of ‘technologies for primary processing, storage and valorisation of onions.’

Sebi fines IL&FS Transportation Networks Rs 1 crore for related party transactions

Posted on by

The Securities and Exchange Board of India (Sebi) on Thursday fined IL&FS Transportation Networks (ITN) Rs 1 crore for related party transactions in group companies of IL&FS Financial Services (IFIN). In addition, Ramchand Karunakaran, then managing director of ITN, Dilip Bhatia, its chief financial officer and Krishna Ghag, the secretary of the audit committee of ITN during the examination period were fined Rs 25 lakh each.

Sebi had observed certain RPTs in the form of loans borrowed by ITN from IL&FS group companies in the financial years 2015-16, 2016-17 and 2017-18, which allegedly violated the provisions of Sebi (Listing Obligations and Disclosure Requirements) Regulations, 2015, Uniform Listing Agreement dated November 24, 2015 and accounting standards on related party disclosures such as AS18 for FY2015-16 and IndAS 24 for FY2016-17 and 2017-18.

The group companies include Gujarat Integrated Maritime Complex, Unique Waste Processing Company, Tierra Enviro, Livia India, Kanak Resources Management, Mota Layja Gas Power Company, Rapid Metrorail Gurgaon South (RMGSL) and Sabarmati Capital Two.

Thursday’s order observed that ITN’s transaction with RMGSL resulted in the materiality threshold of 10% with regard to RPTs getting crossed in FY15-16 where transactions were 19.77% of the turnover of the previous financial years. The company also failed to take approval of shareholders for the same.

Also read| Sebi has no role in IPO pricing of new-age tech companies: Buch

Further, ITN failed to take approval of shareholders in terms of LODR regulations for the RPTs with IFIN for FY15-16 and FY17-18 when the transactions were more than three times the materiality threshold.

ITN also failed to comply with relevant accounting standards for the period of FY15-16, 2016-17 and 2017-18.

Sebi also said the defaults on the part of all the noticees were repetitive in nature.

Stocks to watch: RIL, Colgate-Palmolive, Axis Bank, Lemon Tree Hotels

Posted on by

Stocks in Focus: GIFT Nifty traded up 48 points or 0.25% at 19,005.5, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously on Thursday, the NSE Nifty 50 tanked 264.90 points or 1.39% to settle at 18,857.25, while the BSE Sensex shed as much as 900.91 points or 1.41% to 63,148.15.

“Till date, the actual domestic Q2 results are below par in comparison to the excited earnings forecasted. Similar disappointments are visible in developed economies. Downgrade in earnings and valuation is arising due to risk of further slowdown of the economy due to geopolitical and elevated interest rates. Also selling pressure intensified due to expiry-led volatility influencing investors to stay cautious,” said Vinod Nair, Head of Research at Geojit Financial Services.

Colgate-Palmolive

The company posted profit for the second quarter of FY24 at Rs 340.05 crore, up 22.3% in comparison to Rs 278.02 crore during the same period last year, surpassing estimates. It posted revenue from operations at Rs 1471.09 crore, up 6% as against Rs 1387.48 crore during the second quarter of FY23. The company EBITDA stood at Rs 482.2 crore. EBITDA margins continued to improve, up 120 bps vs. sequential quarter and up 340 bps vs. prior year quarter driven by pricing and efficiencies.

Axis Bank

“The Board of Directors has approved the appointment of Munish Sharda as a Whole-time Director, designated as ‘Executive Director’ of the Bank (including his terms and conditions and remuneration), effective from (i) November 1, 2023; or (ii) the date of approval of his appointment by Reserve Bank of India (RBI), whichever is later,” said the Bank in a regulatory filing.

Lemon Tree Hotels

“The company has signed a License Agreement a 50 rooms property in Visakhapatnam, Andhra Pradesh under the Company’s brand ‘Red Fox Hotels’. The hotel is expected to be operational by FY 2026,” said the company in a regulatory filing.

The Karnataka Bank

The Committee of Directors of the Board of the Bank has approved the allotment of 3,34,00,132equity shares of face value of Rs 10 at a premium of Rs 229.52/- each on preferential basis to HDFC Life Insurance Company, Quant Mutual Fund, Bajaj Allianz General Insurance Company, Bajaj Allianz Life Insurance Company and Bharti AXA Life Insurance Company, said the Bank in a regulatory filing.

Companies scheduled to report their Q2 earnings today-

Bajaj Finserv

Maruti Suzuki

M&M Financial Services,

Cipla

SBI Life Insurance Company

Bharat Petroleum Corporation

Dr Reddy’s Laboratories

Union Bank of India

Oberoi Realty

(With agency inputs.)

Share Market HIGHLIGHTS: Sensex ends 300 pts up, Nifty at 17622 in volatile trade; HDFC, Bajaj Fin top gainers

Posted on by

Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic stock market indices BSE Sensex and NSE Nifty 50 ended half a per cent up on Monday, despite weakness in global market. BSE Sensex ended 300 points or 0.5 per cen up at 59,141, while NSE Nifty 50 index at 17,622, up 91 points or 0.5 per cent. Stocks of M&M, Bajaj Finance, State Bank of India (SBI), Hindustan Unilever (HUL), Nestle India, Bajaj Finserv, and Reliance Industries among others were top BSE Sensex gainers. On the flip side, Tata Steel, ICICI Bank, Power Grid Corporation of India, NTPC, Asian Paints were top index losers. India VIX, the volatility index, rose 0.6 per cent to settle at 19.94 levels

Live Updates

Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Updates

15:37 (IST) 19 Sep 2022 Market closing: Sensex, Nifty end 0.5% up

BSE Sensex ended 300 points or 0.5 per cent up at 59,141, while NSE Nifty 50 index at 17,622, up 91 points or 0.5 per cent

14:49 (IST) 19 Sep 2022 Harsha Engineers IPO share allotment: Check grey market premium, status via BSE, registrar; listing on 26 Sep

Harsha Engineers International’s Rs 755-crore IPO, which got subscribed 71.32 times on the final day of bidding, is likely to finalise the basis of allotment on Wednesday, 22 September. The portion reserved for qualified institutional buyers was subscribed 178.26 times and that for non-institutional investors was subscribed 71.32 times. The retail investors portion was subscribed 17.63 times. The IPO shares were sold at a price band of Rs 314-330 per share. The equity shares are expected to list on BSE and NSE on 26 September 2022. Read full story

14:09 (IST) 19 Sep 2022 Nifty, Sensex hold firmly in green

Sensex is up 411.31 points or 0.70 percent at 59,252. Nifty is up 132.70 points or 0.76 percent at 17,663. Among sectors, capital goods, realty, metals and power are under pressure while autos are leading the rally. Mahindra & Mahindra, Eicher Motors, Hero Motocorp are among the top gainers in autos.

14:09 (IST) 19 Sep 2022 Adani Green commissions 324.4 MW wind power plant in Madhya Pradesh

Adani Wind Energy MP One Private Ltd (AWEMP1PL) (earlier known as SBESS Services ProjectCo Two Private Limited), a subsidiary of Adani Green Energy Limited (AGEL) has commissioned a 324.4 MW Wind Power Plant in Dhar, Madhya Pradesh.  The plant has two 25-year Power Purchase Agreements (PPAs) with SECI of 274.4 MW and 50 MW, at Rs. 2.83/kwh Adani Green Energy stock was quoting at Rs 2,350.85, up Rs 35.55, or 1.54 per cent on the BSE.

13:24 (IST) 19 Sep 2022 Avoid buying this dip as market is losing strength

Avoid buying this dip as market is losing strength and smart money has encashed Bank Nifty new high and this correction can go little deeper. Stay light except few stock specific longs. Co-Head Business Affiliate Grp & MD, JM Financial Services

12:28 (IST) 19 Sep 2022 Indices off day’s high

Benchmark indices erased some of the intraday gains but still trading higher with around 17600. The Sensex was up 269.92 points or 0.46% at 59110.71, and the Nifty was up 86.20 points or 0.49% at 17617.

11:57 (IST) 19 Sep 2022 Nifty likely to head towards 18300 in October, Bank Nifty looks to hit 41800; buy SBI, Bharti Airtel for gains

Going ahead, we reiterate our structural positive stance and expect the Nifty to gradually head towards the January 2022 high of 18300 by October while strong support of 17300 is expected to be held. The index is undergoing healthy consolidation which will help to cool off the overbought conditions (daily and weekly stochastic oscillators cooled off to 36 and 56, respectively) ahead of U.S. Fed event this week. Read full story

11:31 (IST) 19 Sep 2022 Nifty to see profit booking, use Long Strangle for 22 Sep F&O expiry; Bank Nifty looks mixed this week

For the week, we expect Nifty to trade in the range of 16900-18100 with mixed bias. The weekly strength indicator RSI is above its respective reference lines indicating positive bias in the medium term. Whereas daily RSI given a cross over below its respective reference lines indicating that some profit booking is expected in the short term. Read full story

11:10 (IST) 19 Sep 2022 Nifty may fall below 17500 if weakness persists, US Fed may hike rate by 100 bps; watch out for these levels

At the beginning of last week, we had less fear of a long liquidation as the long build up was significantly lower than what was prevailing in early April and mid August, the last two occasions when Nifty sniffed at 18k vicinity and turned lower. FIIs’ long exposure in the index future segment was boosted to 28% on Friday, despite the fall, marking an increase from 22% seen at the start of the week. It was the retail segment that was long heavy, having accumulated 72.9% of the longs in the index future segment, last week, and they have since reduced their exposure marginally to 68.9%. Read full story

11:05 (IST) 19 Sep 2022 Defence sector outlook positive; BEL, BDL, HAL top picks

“The defence sector is poised to perform well on the back of strong ordering activity, the government’s thrust on indigenous manufacturing, and export potential. Additionally, strong balance sheets and reasonable valuations are cheery on the cake. We are positive about the sector and our top picks are BEL, HAL, and BDL.”

~Punit Patni, Equity Research Analyst, Swastika Investmart

10:43 (IST) 19 Sep 2022 Gold Price Today, 19 Sep’22: Gold falls despite positive global cues; US FOMC eyed, check support, resistance

Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices in India were trading lower on Monday, even as yellow metal prices gained globally. On Multi Commodity Exchange, gold October futures were ruling Rs 140 or 0.3 per cent at Rs 49,240 per 10 gram, as against the previous close of Rs 49,380. Silver December futures were trading at Rs 56,841 per kg, up 121 or Rs 0.21 per cent. Read full story

10:20 (IST) 19 Sep 2022 India seems isolated from high inflation-slow growth challenges

The continuation of hostilities between Russia and Ukraine has led to an entrenched episode of higher inflation across the globe. However, commodity prices have come off sharply from their peaks with renewed concerns on global growth, led by strong monetary tightening that is likely to continue at least until Dec’22. At this juncture, India seems isolated from the high inflation-slow growth challenges. Motilal Oswal Financial Services

09:55 (IST) 19 Sep 2022 Petrol, Diesel Price Today, 19 Sep 2022: Fuel cost unchanged; check rates in Delhi, Mumbai, other cities

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The price of petrol and diesel has been kept steady on 19 September 2022 (Monday), keeping costs steady for more than three months now. Petrol and diesel in Delhi are priced at Rs 96.72 and Rs 89.62 a litre, respectively. In Mumbai, petrol is retailing at Rs 106.31 per litre and diesel at Rs 94.27 per litre. The last country-wide change in price came on 21 May 2022, when Finance Minister Nirmala Sitharaman announced a cut in excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel. Read full story

09:47 (IST) 19 Sep 2022 HDFC Life Insurance gets NCLT approval to merge Exide Life Insurance with itself

HDFC Life Insurance Company has received approval from National Company Law Tribunal for merger of Exide Life Insurance Company with itself.

09:46 (IST) 19 Sep 2022 Nifty may slip below 17400, resistance at 17777; buy these two stocks to pocket short-term gains

As macroeconomic and policy uncertainty remains elevated, further market volatility is expected. US data pointed to robust numbers like retail sales and a strong labor market which is raising expectations of more aggressive action by the Fed as it tries to cool inflation. US 2-Year bond spiked to 15-year high at 3.87% while 10-year bond is hovering at 3.44%, implying a short-term pain to continue in the global markets. Moreover, US Dollar Index surged to multi years high, resulting in sharp decline across the commodity prices (Gold fell to 2-year low, aluminum, copper, oil to 2-7 month low).  Apart from the US rate decision, Bank of England policy decision on 22nd (Thursday) and domestic Logistic policy will be announced today.

Read full story

09:32 (IST) 19 Sep 2022 UltraTech Cement, Asian Paints, Titan top Sensex laggards

UltraTech Cement, Asian Paints, Titan Company, Tata Steel, HCL Tech, Maruti Suzuki were index laggards

09:29 (IST) 19 Sep 2022 Bajaj Finserv, SBI were top Sensex gainers

Bajaj Finserv, M&M, Infosys, State Bank of India, Axis Bank, IndusInd Bank, and Power Grid Corporation of India were among top index gainers

09:25 (IST) 19 Sep 2022 Sensex, Nifty trade weak

BSE Sensex was trading 148 points or 0.3 per cent down at 58636, NSE Nifty was down 50 points or 0.3 per cent at 17540

09:12 (IST) 19 Sep 2022 Bank Nifty will continue to be the pillar of support for Nifty

The near term texture of the market has turned weak and the buy on dips strategy is unlikely to work in the present risk-off global environment. FIIs turning sellers is a short-term negative. The market is likely to take a decisive trend only after the Fed policy announcement on 21st September. The market expects the Fed to raise rates by 75bp and reiterate its hawkish stance. But since the market is going into the event with light positions and no positive expectations any positive data or comment may act as a trigger for a relief rally after the Fed announcement. Bank Nifty will continue to be the pillar of support for Nifty and near-term sentiments are negative for IT despite reasonable valuations. The situation is very fluid and therefore it would be better for investors to wait and watch till the Fed meeting is over. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

08:59 (IST) 19 Sep 2022 Nifty support at 17400; resistance at 17700

“Benchmark Indices are expected to open on a positive note as suggested by trends on SGX Nifty. US stock markets ended on the lower side on Friday as investors are reacting to the warning of impending global slowdown from FedEx. Dow Jones was down by 139 pts, whereas NASDAQ was down by 0.9% to 11448 levels. Asian markets are trading on a mixed note as investors are waiting for the outcome from various central banks which are meeting this week. The Australian market is trading 0.11% higher whereas South Korea is down by 0.4%. Goldman Sachs cut its US economic growth estimates for 2023 after recently boosting its predictions for Federal Reserve interest rate hikes. Oil prices are trading higher due to the weaker dollar and supply concerns. On the technical front, 17400 and 17700 are immediate support and resistance in Nifty 50. For Bank Nifty 40300 and 41000 are immediate support and resistance respectively.”

~Mohit Nigam, Head – PMS, Hem Securities

08:37 (IST) 19 Sep 2022 Nifty, Bank Nifty levels to watch for

“The support for Nifty has shifted around 17300 levels while on the upside 17850 may act as an immediate hurdle. On the other hand, Bank Nifty has support at 40000 levels while resistance at 41400 levels. Overall, the Nifty is looking weak on charts closing below 17500 can open the gate for 17300-17200. Sell on rising is advisable till Nifty didn’t give closing above 18000 mark.”

~Palak Kothari, Senior Technical Analyst, Choice Broking

08:36 (IST) 19 Sep 2022 Market to remain volatile in the near term

“Investors are widely expecting an aggressive rate hike this week, with 1/3 of market respondents expecting the FED to do 100 bps, whereas a 75bps hike is mostly discounted. To combat pressure on the rupee, the RBI most likely will have to do at least 50 bps rate hikes soon. The Indian Ten Year yield spiked 15 bps to 7.25% in the last three session, in expectation of the same. The adverse rub-off impact of this was felt in the Indian equity market also, over the last three sessions including extended losses on Friday. Further to that, the World Bank gave a gloomy picture of world economies heading toward deep recession, as central banks across the world simultaneously hike interest rates to combat persistent inflation. Fitch especially cut India’s economic growth forecast for 2022/23 to 7% from 7.8%. All this fuelled the jitteriness and led to a surge in the Indian market fear index (VIX) above 20, for the first-time post-June 2022. We expect the market to remain volatile in the coming weeks before the market gets more cues from the ensuing quarterly season, which begins early next month.”

~Aishvarya Dadheech, Fund Manager, Ambit Asset Management

08:33 (IST) 19 Sep 2022 Bitcoin slips below $20,000 again

Bitcoin on Sunday dropped 1.54% to $19,804, slipping from the 20,000 mark after losing $310 from its previous close. The cryptocurrency is down 58.9% from the year’s high of $48,234 on March 28. Ethe , the coin linked to the ethereum blockchain network, dropped 3.2 % to $1,422.1, losing $47 from its previous close.

08:33 (IST) 19 Sep 2022 Vedanta-Foxconn semiconductor plant site in Gujarat likely to be finalised in 2 weeks

Vedanta and Foxconn have hired experts who are evaluating possible locations for their upcoming semiconductor plant in Gujarat and a site may be finalised in the next couple of weeks, Gujarat Science and Technology Department Secretary Vijay Nehra said. So far, the joint venture company has not finalised the location as they are evaluating various sites in Gujarat based on technical aspects, commercial viability and connectivity to set up the semiconductor and a display fabrication unit in the state.

08:32 (IST) 19 Sep 2022 India’s forex reserves down $2.23 billion

India’s foreign exchange reserves declined by $2.234 billion to stand at $550.871 billion for the week ended September 9, the Reserve Bank of India (RBI) said on Friday. In the previous reporting week, the reserves had dropped by $7.941 billion to $553.105 billion. The fall in the reserves during the reporting week was on account of a dip in the foreign currency assets (FCAs), a major component of the overall reserves, according to the Weekly Statistical Supplement released by the RBI.

08:21 (IST) 19 Sep 2022 Oil prices climb on weak dollar, supply concerns

Oil prices climbed during early Asian trade on Monday as a weaker dollar and supply concerns ahead of the European Union embargo on Russian oil in December offset fears of a global recession that could dampen fuel demand. Brent crude futures rose $1.15, or 1.3%, to $92.50 a barrel by 0049 GMT after settling up 0.5 per cent on Friday. US West Texas Intermediate crude was at $86.16 a barrel, up $1.05, or 1.2 per cent.

08:01 (IST) 19 Sep 2022 Will bulls stage a comeback or bears drag Nifty to 17150? 5 things to know before share market opening bell

Indian stock market is likely to open in green on Monday as trends in the SGX Nifty hinted at a positive start for Indian benchmark indices, with a gain of 43 points. In the previous session, the BSE Sensex fell nearly 1,100 pts to 58,841, while the NSE Nifty 50 plunged around 350 pts to 17,531. “Indian markets were the worst performers in the Asian pack on Friday, as higher inflation and likely aggressive rate hikes by the US Fed sent stocks tumbling across the board. We are likely to see strong bouts of volatility in the coming sessions as global slowdown looms large. Technically, the double top formation on daily and intraday charts and bearish candle on weekly charts is indicating further weakness from current levels,” said Amol Athawale, Deputy Vice President – Technical Research, Kotak Securities.

Read full story

07:51 (IST) 19 Sep 2022 Asian markets cautious

Shares in the Asia-Pacific were mixed ahead of major central bank meetings this week. The S&P/ASX 200 in Australia was 0.11 per cent higher, while South Korea’s Kospi opened higher before falling 0.45 per cent. Japan’s market was closed for a holiday.

07:51 (IST) 19 Sep 2022 Wall Street indices end in red

US stocks ended in the red on Friday, falling to two-month lows as a warning of impending global slowdown from FedEx hastened investors’ flight to safety at the conclusion of a tumultuous week. The Dow Jones Industrial Average fell 139.4 points, or 0.45 per cent, to 30,822.42, the S&P 500 lost 28.02 points, or 0.72 per cent, to 3,873.33 and the Nasdaq Composite dropped 103.95 points, or 0.9 per cent, to 11,448.40.

07:50 (IST) 19 Sep 2022 SGX Nifty hints at a positive start for Indian equities

Nifty futures were trading 19 points, or 0.11% higher at 17,582 on the Singapore Exchange, signaling that Dalal Street was headed for a positive start.

Gas price review panel seeks more time

Posted on by

The government-appointed panel for reviewing the pricing of natural gas has sought more time to submit its report as it does a tightrope walk of striking a balance between the expectations of producers and consumers, sources said.

The panel headed by former planning commission member Kirit S Parikh was tasked to suggest a “fair price to the end-consumer” by the end of September.

Also read: Petrol, Diesel Price Today, 27 Sep 2022: Fuel cost static; check rates in Delhi, Mumbai, Noida, other cities

A decision on the exact duration of the extension will be taken next week after oil secretary Pankaj Jain returns from his overseas trip, they said.

Natural gas is a fossil energy source that formed deep beneath the earth’s surface. It is used to generate electricity, produce fertiliser, convert into CNG to run automobiles and piped to household kitchens for cooking and heating. It is also used in making glass, steel, cement, bricks, ceramics, tile, paper, food products, and many other commodities as heat sources.

Its prices remained docile till last year but have shot up in recent months, raising the cost of production of user industries in general and city gas operators that sell CNG to automobiles and piped cooking gas to households, in particular.

To keep rates under check so that they do not add fire to already high inflation, the government formed the committee to review the way prices of gas produced in India are fixed.

The panel includes representatives of the gas producers association as also state-owned producers ONGC and OIL, a member from private city gas operators, state gas utility GAIL, a representative of Indian Oil Corporation (IOC) and a member from the fertiliser ministry.

Sources said the committee has so far held two meetings but is no way near formalising its recommendation.

The fault lines were clearly visible in the very first meeting. While the producers insisted on complete market freedom as had been guaranteed in the contracts they signed for finding and producing the fuel, consumers wanted a “fair price”, sources said.

Also read: Three new basmati rice varieties show high yield

Producers argue that artificially controlling prices would dry up investments in exploration, consumers particularly the city gas sector felt that the environment-friendly fuel would lose out to other hydrocarbon fuels if the prices were not reasonable, they said.

At the second meeting, there was an agreement that an attempt has to be made to see that investments in exploration are not dissuaded. At the same time, the momentum that the city gas sector has got should not be disturbed.

The panel is now collecting data points from both sides to arrive at an informed decision, they said, adding that the committee will have to meet more often if only a 15-day extension is given.

The Modi government had in 2014 used prices in gas surplus countries to arrive at a formula for locally produced gas. Rates, according to this, are set every six months — on April 1 and October 1 — each year based on rates prevalent in gas surplus nations such as the US, Canada and Russia in one year with a lag of one quarter.

The rates according to this formula were subdued and at times lower than the cost of production till March 2022, but rose sharply thereafter, reflecting the surge in global rates in the aftermath of Russia’s invasion of Ukraine.

The price of gas from old fields, which are predominantly of state-owned producers like ONGC and Oil India Ltd, was more than doubled to USD 6.1 per mmBtu from April 1, and is expected to cross USD 9 per mmBtu at the next review due on October 1.

Similarly, the rates paid for gas from difficult fields such as deep sea KG-D6 of Reliance Industries went up to USD 9.92 per mmBtu from April 1 against USD 6.13 per mmBtu. They are expected to rise to USD 12 per mmBtu next month.

The panel has been asked to recommend a fair price to end-consumers and also suggest a “market-oriented, transparent and reliable pricing regime for India’s long-term vision for ensuring a gas-based economy,” according to an order of the oil ministry.

The government wants to more than double the share of natural gas in the primary energy basket to 15 per cent by 2030 from the current 6.7 per cent.

The sources said the increase in gas price is likely to result in a rise in CNG and piped cooking gas rates in cities such as Delhi and Mumbai.

It will also lead to a rise in the cost of generating electricity but consumers may not feel any major pinch as the share of power produced from gas is very low.

Similarly, the cost of producing fertiliser will also go up but as the government subsidises the crop nutrient, an increase in rates is unlikely.

Technical stocks to buy: Infosys, HDFC, others look strong on charts; Nifty eyes 15,065 target

Posted on by

By Shrikant Chouhan

The market has formed a continuation formation followed by the formation of the Harami pattern which it has formed on Monday. It is bullish for the market. Also, the Nifty/Sensex closed between the bearish gap, which it had left between 15065-14919 / 50250-50991 last Friday. The market breadth was also encouraging as along with IT and FMCG we saw bullish activity in financials. Based on the daily chart the Nifty/Sensex is heading for the minimum target of 15065/50750. On the other side, 14830/50100 and 14750/49800 would be major supports. The focus should be on Technology and FMCG stocks.

Colgate-Palmolive India Ltd

BUY, CMP: Rs 1,602.15, TARGET: Rs 1,680, SL: Rs 1,570

Colgate-Palmolive India Ltd stock has given a breakout of a downward sloping trend line and closed comfortably above its 50 day SMA with a strong bullish candlestick pattern indicating a further up move in the near term.

Infosys

BUY, CMP: Rs 1,304.5, TARGET: Rs 1,370, SL: Rs 1,275

After the double bottom chart pattern, Infosys Ltd stock reversed with an inverted hammer candlestick formation and currently it has given a trend line breakout with incremental volume activity on the daily chart.

Housing Development Finance Corporation (HDFC Ltd)

BUY, CMP: Rs 2,564, TARGET: Rs 2,690, SL: Rs 2,510

Post short term correction, currently Housing Development Finance Corporation Ltd (HDFC) stock is trading near its important retracement level and the texture of the chart suggests a fresh uptrend.

Tata Steel Ltd

BUY, CMP: Rs 735.5, TARGET: Rs 770, SL: Rs 720

Tata Steel Ltd stock has formed bullish continuation formation along with modest volume activity indicating further uptrend from current levels.

(Shrikant Chouhan is the Executive Vice President, Equity Technical Research at Kotak Securities. Views expressed are the author’s own.)

Dindori Madhya Pradesh Assembly Constituency Election 2023: Date of Result, Voting, Counting; Candidates

Posted on by

As anticipation mounts for the upcoming Dindori Constituency Election in Madhya Pradesh, voters are eagerly awaiting the big battle that kicks off with the announcement of key dates by the Election Commission of India. Here, we provide you with essential details about the Dindori Constituency Assembly Election 2023 that every voter should be aware of.

Dindori Constituency Madhya Pradesh Assembly Election 2023: Voting Date

The voting date for the Dindori Assembly Constituency Election 2023 has been officially announced by the Election Commission. As per the ECI, Dindori Assembly Constituency will go to polls on November 17. Stay tuned for updates as we bring you the latest information.

Dindori Madhya Pradesh Election 2023: Candidates

Watch this space as prominent political parties, including the Indian National Congress (INC)Bharatiya Janata Party (BJP)and Gondvana Gantantra Party(GGP) along with others, are poised to reveal their candidates for the Dindori Assembly Constituency Election 2023 post the official declaration of voting dates by the Election Commission of India.

Stay informed as we bring you the latest updates on the Dindori Assembly Constituency Election 2023, keeping you abreast of all the developments and insights that matter to you.

Dindori Constituency MP Election Result: What happened in 2018

Omkar Singh Markam from Dindori of Madhya Pradesh, won the seat with 85039 votes. He defeated Bharatiya Janata Party’ Jay Singh Maravi who had polled 52989 votes. The winning margin was 32050 votes.

2018 Dindori Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesOmkar Singh MarkamIndian National Congress85039

Candidate List Party Name Votes Gained (Vote %) Omkar Singh Markam Indian National Congress 85039 (45.8%) Jay Singh Maravi Bharatiya Janata Party 52989 (28.54%) Ganga Singh Patta Gondvana Gantantra Party 28274 (15.23%) Bhudeshwar Banwasi Bhartiya Shakti Chetna Party 7341 (3.95%) None Of The Above None Of The Above 4940 (2.66%) Sunaram Nawasiya Shiv Sena 2376 (1.28%) Pankaj Kumar Patta Aam Aadmi Party 1930 (1.04%) Sitar Markam Bahujan Samaj Party 1528 (0.82%) Kehar Singh Varme Sapaks Party 1249 (0.67%)

Dindori Constituency MP Election Result: What happened in 2013

In the Madhya Pradesh Assembly election of 2013, Omkar Singh Markam won from the Dindori seat garnering 76866 votes and defeated Bharatiya Janata Party candidate Jay Singh Maravi who bagged 70478 votes. The candidate who came third was Gondvana Gantantra Party’ Harendra Singh Marko.

Omkar Singh Markam got 76866 votes while Jay Singh Maravi got 70478 votes.

2013 Dindori Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesOmkar Singh MarkamIndian National Congress76866

Candidate List Party Name Votes Gained (Vote %) Omkar Singh Markam Indian National Congress 76866 (43.84%) Jay Singh Maravi Bharatiya Janata Party 70478 (40.2%) Harendra Singh Marko Gondvana Gantantra Party 12128 (6.92%) None Of The Above None Of The Above 4935 (2.81%) Sunaram Nawasiya Independent 3137 (1.79%) Vijay Singh Dhurve Bahujan Samaj Party 2444 (1.39%) Ranjeeta Dhurve Bhartiya Shakti Chetna Party 1502 (0.86%) Rajbali Singh Markam Independent 1101 (0.63%) Dhannu Singh Patta Samajwadi Party 1095 (0.62%) Tara Armo Independent 867 (0.49%) Ramratan National People’s Party 764 (0.44%)

Dindori Constituency MP Election Result: What happened in 2008

Omkar Singh Markam of the INC was the winning candidate from the Dindori constituency in the MP Assembly elections 2008, securing 68885 votes while 36045 votes were polled in favour of Omprakash Dhurve of the BJP. The margin of victory was 32840 votes.

2008 Dindori Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesOmkar Singh MarkamINC68885

Candidate List Party Name Votes Gained (Vote %) Omkar Singh Markam INC 68885 (49.41%) Omprakash Dhurve BJP 36045 (25.85%) Ganga Singh Patta IND 15019 (10.77%) Lal Bahadur BJSH 9721 (6.97%) Bhuwan Singh SP 4456 (3.2%) Charan Singh GGP 3418 (2.45%) Wakta Singh BSP 1072 (0.77%) Sewak Ram JD(U) 805 (0.58%)

Reliance, HUL, HDFC Bank, Adani Enterprises, HCL Tech, SBI, DMart stocks in focus on weekly F&O expiry day

Posted on by

Indian benchmarks indices BSE Sensex and NSE Nifty 50 were likely to open in green on Thursday as Nifty futures on the Singapore Exchange traded 89 points, or 0.51 per cent, higher at 17,428. In the previous session, the BSE Sensex closed 2.25 per cent or 1277 points higher at 58,065, while Nifty50 ended 2.29 per cent or 387 points up at 17,274. Technical analysts say that the short term trend of Nifty has turned up sharply after a broader range movement of the last few sessions. “A decisive move above 17300 levels is likely to pull Nifty towards the next crucial resistances of around 17600 and next 18000 levels in the near term. Immediate support is placed at 17150 levels,” Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said.

Stocks to watch

Hindustan Unilever: Hindustan Unilever (HUL), the Indian arm of FMCG major Unilever, has outdone the performance of its parent, and is set to overtake the US business of the Anglo-Dutch consumer multinational company, to become the largest by value.

Reliance Capital: In a move that may further delay debt-laden Reliance Capital’s (RCap) bankruptcy process, its administrator intends to seek a 90-day extension for completion of the former Anil Ambani group firm’s entire resolution process.

HDFC Bank: HDFC Bank has posted a 23.5 per cent rise in loans to Rs 14.80 lakh crore in the second quarter of the fiscal. The credit book was Rs 11.98 lakh crore as of September 30 last year.

Tata Steel: Tata Steel company has offloaded 19 per cent stake in Al Rimal Mining LLC, Oman (Al Rimal).

HCL Technologies: Noida-based IT services major HCLTech plans to hire 1,000 people in Brazil in the next two years and will also open a new technology centre in Campinas as part of its expansion in the region.

Adani Enterprises: Adani Enterprises has announced the formation of a wholly-owned subsidiary, Adani Disruptive Ventures (ADVL), a note shared with the stock exchanges said. It also announced the formation of another subsidiary, Alwar Alluvial Resources (AARL).

Avenue Supermarts: Avenue Supermarts, the operator of DMart retail stores, reported a 35.8 per cent on-year jump in revenue from operations to Rs 10,384.7 crore for the quarter ended September, the company said in a regulatory filing.

State Bank of India, Bank of Baroda: Fitch on Tuesday assigned a stable outlook to public sector lenders State Bank of India (SBI) and Bank of Baroda (BoB) while affirming their ‘BBB-‘ rating.

Jubilant FoodWorks: Jubilant Foodworks arm acquires Netherlands-based DP Eurasia NV. Subsidiary Jubilant FoodWorks Netherlands BV acquired additional stake in the company.