Month: July 2023

Adani Group, Dish TV, Natco Pharma, Bombay Dyeing, CEAT stocks in focus on 20 September

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Indian benchmark indices BSE Sensex, NSE Nifty 50 are likely to open higher on Tuesday, hinted SGX Nifty. The Nifty futures traded 120 pts or 0.7 per cent higher on the Singapore Exchange, signalling that domestic equity markets were headed for a positive start. “We expect choppiness to continue amid the feeble global cues so it’s prudent to place positions on both sides. Banking and financials are doing well on the expected lines and we’re seeing selective buying in auto and FMCG also on dips. On the flip side, mostly stocks from the IT and pharma space trading with a negative bias. Participants should align their positions accordingly,” said Ajit Mishra, VP – Research, Religare Broking.

Stocks in focus on 20 September, Tuesday

Adani Group: Adani Group, which last week completed its $6.5-billion acquisition of Swiss major Holcim’s India assets – Ambuja Cements and ACC, plans to double its cement manufacturing capacity to 140 million tonne in the next five years and emerge as the most profitable manufacturer in the country. In a speech made at an event to mark the completion of the acquisition, Adani Group chairman Gautam Adani said he saw a multifold rise in cement demand in the country on the back of record-breaking economic growth and the government’s infrastructure creation push, which will give significant margin expansion.

Adani Enterprises: Adani Group’s flagship company Adani Enterprises on Monday raised Rs 100 crore by allotment of non-convertible debentures on a private placement basis. Adani Enterprises shares witnessed positive sentiment today and the shares climbed by nearly 3%. The said MLD will be listed on the Wholesale Debt Market segment of BSE. The debentures have a face value of ₹10 lakh each.

Dish TV: Satellite service provider Dish TV India’s chairman Jawahar Lal Goel has resigned as a director effective Monday, weeks after he had expressed his unwillingness to seek reappointment. Goel has resigned from the company’s board of directors and committees. Consequently, he ceases to be the chairman of the board. His resignation comes ahead of the company’s annual general meeting (AGM) on September 26, when Goel was slated to step down from the board.

Bombay Dyeing and Manufacturing Company: The company said the board of directors on September 22 will consider a proposal of raising of funds by issue of equity shares on rights basis.

TV18 Broadcast: Fair-trade regulator Competition Commission of India (CCI) on Monday approved the proposed merger of Jio Cinema OTT with Viacom18 Media. In a tweet, CCI said it has approved amalgamation of the Jio Cinema OTT platform with Viacom18 Media. In April, Reliance and Viacom18 announced a strategic partnership with Bodhi Tree Systems, where Bodhi Tree will invest Rs 13,500 crore in Viacom18 while Reliance Projects & Property Management Services, a wholly-owned subsidiary of RIL, will invest Rs 1,645 crore in the broadcaster as part of the tripartite partnership, to form one of the largest TV and digital streaming firms in India.

Ceat: The company said the Board of Directors has allotted non-convertible debentures (NCDs) on a private placement basis aggregating to Rs 150 crore.

Also Read: Harsha Engineers IPO share allotment: Check grey market premium, status via BSE, registrar; listing on 26 Sep

Natco Pharma: The pharma company is allowed to launch Chlorantraniliprole (CTPR) and its formulations, through its non-infringing process. It has received order from the Delhi High Court to launch the same. CTPR technical is formulated into broadspectrum insecticides used across wide range of crops for pest management. The company estimates the current market size of CTPR containing products in India to be over Rs 2,000 crore.

MediaAvataar India unveils new brand identity

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MediaAvataar India begins rolling out an all-new homepage and a refreshed mobile version that offers readers a cleaner and more dynamic reading experience.

MediaAvataar India, an online news media publication in the media, marketing, and advertising landscape in India and the APAC region has unveiled its new visual identity, signifying a chapter of growth.

In addition to a refreshed desktop webpage, the mobile version of MediaAvataarME.com will also have a headline-first display and top loading speeds and responsiveness.

Initial elements of Media-Avataar India’s brand evolution include a new logo and new brand colours and certainly reflect the process of experimentation.

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Harsha Engineers IPO opens on September 14: Check price band, GMP, lot size, other bidding details

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The initial public offering (IPO) of Harsha Engineers International Ltd, will open for bidding on 14 September. The precision bearing cages manufacturer has set a price band of Rs 314-330 per share for its maiden public issue which will remain open for subscription till Friday, 16 September. The company plans to raise Rs 755 crore through this IPO. The anchor book will open on Tuesday, 13 September. Axis Capital, Equirus Capital and JM Financial are the lead managers to the issue. The shares of the company were trading in the grey market at a premium of Rs 140-150 a share, according to experts.

The IPO consists of a fresh issue of Rs 455 crore and an offer for sale (OFS) of up to Rs 300 crore by shareholders and promoters. As part of the OFS, Rajendra Shah is looking to offload shares worth up to Rs 66.75 crore, Harish Rangwala up to Rs 75 crore, Pilak Shah up to Rs 16.50 crore, Charusheela Rangwala up to Rs 75 crore and Nirmala Shah up to Rs 66.75 crore. Investors can make a bid for a minimum of 45 equity shares and in multiples thereafter. The company is offering a discount of Rs 31 per equity share to its eligible employees.

Harsha Engineering was founded by Rajendra Shah and Harish Rangwala in 1986. The promoters hold 99.7 percent of the company’s equity. It offers a diverse suite of precision engineering products across geographies and end-user industries, including automotive, aviation and aerospace, railways, construction, mining, renewable energy, agriculture and other industrial sectors, the DRHP said. The company claims to have a 50 per cent market share in the organised segment of the Indian bearing cages market and a 5.2 per cent market share in the global organised bearing cages market for brass, steel and and polyamide cages as of the year 2020.

The company recorded a profit of Rs 91.94 crore on revenue of Rs 1321.48 crore for the year ended March 2022. Net debt for the period stood at Rs 356.59 crore, up from Rs 322.08 crore in the year-ago period.

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

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Deotalab MP Assembly Election 2023 Details: The election for Deotalab Assembly Constituency in Madhya Pradesh will be held on November 17 this year. The final date of voting and result were known after the formal announcement by the Election Commission of India. Here are the important details of the Deotalab Constituency Assembly Election 2023 that you should know.

Deotalab Constituency Madhya Pradesh Assembly Election 2023: Voting Date

November 17 is the date of voting for the Deotalab Assembly Constituency Election 2023 as announced by the Election Commission of India.

Deotalab Constituency Madhya Pradesh Election 2023: Candidates List

Bharatiya Janta Party (BJP), Congress and other political parties in the state will announce their candidates for the Deotalab Assembly Constituency Election 2023 after the announcement of voting dates by the Election Commission of India.

Why Deotalab Constituency Assembly Election 2023 is Important

Deotalab is a state Assembly/Vidhan Sabha constituency in the state of Madhya Pradesh and is part of the Deotalab Lok Sabha/Parliamentary constituency. Deotalab falls in the Deotalab district of Madhya Pradesh and is categorised as an urban seat.

Deotalab Constituency MP Election Result: What happened in 2018

Girish Gautam of the Bharatiya Janata Party was the winning candidate from the Deotalab constituency in the MP Assembly elections 2018, securing 45043 votes while 43963 votes were polled in favour of Seema Jaiveer Singh Sengar of the Bahujan Samaj Party. The margin of victory was 1080 votes.

2018 Deotalab Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesGirish GautamBharatiya Janata Party45043

Candidate List Party Name Votes Gained (Vote %) Girish Gautam Bharatiya Janata Party 45043 (33.23%) Seema Jaiveer Singh Sengar Bahujan Samaj Party 43963 (32.43%) Adv Vidya Wati Patel Indian National Congress 30383 (22.41%) Ramyagya Sondhiya Ad Samajwadi Party 2213 (1.63%) Akhilesh Saket Independent 2210 (1.63%) Ashok Kumar Pandey Independent 1796 (1.32%) Abhishek Master Buddhsen Patel Independent 1759 (1.3%) Asha Tiwari Independent 844 (0.62%) Parmashwar Prasad Dubay Independent 775 (0.57%) Rakesh Singh Tiwari (bablu) Sapaks Party 708 (0.52%) Angad Yadav Aam Aadmi Party 705 (0.52%) None Of The Above None Of The Above 623 (0.46%) Rajprakash Mishra Panniha Bhartiya Shakti Chetna Party 573 (0.42%) Mamta Patel Apna Dal (soneylal) 563 (0.42%) Rameshwar Prasad Gupta Jan Adhikar Party 553 (0.41%) Gauri Shankar Saket Independent 461 (0.34%) Rajesh Kumar Napit Janata Congress 357 (0.26%) Pankaj Tiwari Independent 352 (0.26%) Motilal Saket Independent 352 (0.26%) Nirupama Pushpendra Patel Peoples Party Of India (democratic) 348 (0.26%) Girish Gautam Akhil Bharatiya Hind Kranti Party 309 (0.23%) Ram Kushal Patel Pichhara Samaj Party United 282 (0.21%) Pradeep Singh Independent 206 (0.15%) Banshroop Prasad Patel Independent 190 (0.14%)

Deotalab Constituency MP Election Result: What happened in 2013

Girish Gautam of the Bharatiya Janata Party was the winning candidate from the Deotalab constituency in the MP Assembly elections 2013, securing 36495 votes while 32610 votes were polled in favour of Ad Vidhya Wati Patel of the Bahujan Samaj Party. The margin of victory was 3885 votes.

2013 Deotalab Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesGirish GautamBharatiya Janata Party36495

Candidate List Party Name Votes Gained (Vote %) Girish Gautam Bharatiya Janata Party 36495 (29.9%) Ad Vidhya Wati Patel Bahujan Samaj Party 32610 (26.72%) Uday Prakash Mishra Indian National Congress 30022 (24.59%) Sarika Singh Independent 4545 (3.72%) Advocate Ram Yagya Saudhiya Samajwadi Party 3766 (3.09%) Ramashankar (bhole) Shahu Independent 2143 (1.76%) Eng Jaiveer Singh Sengar Independent 2019 (1.65%) Captan Raj Dwivedi Independent 1817 (1.49%) Banshroop Independent 1283 (1.05%) Suresh Prasad Das Independent 1061 (0.87%) Heralal Uarmaliya Bhartiya Shakti Chetna Party 1020 (0.84%) Rameshwar Gupta (lallu Neta) Independent 921 (0.75%) Prahlad Patel Rashtriya Parivartan Dal 882 (0.72%) Panna Lal Patel Apna Dal 731 (0.6%) None Of The Above None Of The Above 625 (0.51%) Moti Lal Mishra Janata Dal (secular) 599 (0.49%) Parmashwar Prasad Duby Independent 588 (0.48%) Rahas Lal Patel Janata Dal (united) 348 (0.29%) Asha Tiwari Independent 315 (0.26%) Indrabhan Prasad Saket Urpha Sahil Independent 276 (0.23%)

Deotalab Constituency MP Election Result: What happened in 2008

Girish Gautam of the BJP was the winning candidate from the Deotalab constituency in the MP Assembly elections 2008, securing 20632 votes while 16873 votes were polled in favour of Adv Bidyawati Patel of the BSP. The margin of victory was 3759 votes.

2008 Deotalab Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesGirish GautamBJP20632

Candidate List Party Name Votes Gained (Vote %) Girish Gautam BJP 20632 (21.99%) Adv Bidyawati Patel BSP 16873 (17.99%) Raj Kumar Patel BJSH 13226 (14.1%) Uday Prakash Mishra IND 12290 (13.1%) Arun Kumar INC 7646 (8.15%) Eng Jayweer Singh Sengar IND 4998 (5.33%) Ghanshyam Das IND 1906 (2.03%) Arvind Kumar Mishra IND 1650 (1.76%) Yogrendra Dube (galphulli Bhaiya) SP 1539 (1.64%) Suresh Kumar RSMD 1261 (1.34%) Kushwaha Ramsahay IND 1207 (1.29%) Hetlal Soni IND 1195 (1.27%) Mohan Lal Tiwari AD 1148 (1.22%) Dr Ramkhelawan Sen IND 1143 (1.22%) Tulashidas Saket IND 865 (0.92%) Arun Kumar Singh GMS 749 (0.8%) Jagrawati Saket LJP 652 (0.69%) Arun “bhaiya” IND 638 (0.68%) Alkesh Kumar SAP 576 (0.61%) Dharmendra Tiwari IND 552 (0.59%) Ramsharan Saket IND 530 (0.56%) Rambahor GGP 521 (0.56%) Dheerendra Kumar IND 510 (0.54%) Santosh Kumar Tiwari IND 501 (0.53%) Brijendra Kumar IND 416 (0.44%) Ramlochan Saket IND 339 (0.36%) Baboolal Kol IND 251 (0.27%)

Kharif sowing of groundnut falls 0.3 MH for 2022-23 season

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Kharif or monsoon sowing of groundnut in India declined by 0.3 million hectares (MH) for the 2022-23 season to 4.51 MH from 4.86 MH as per government data indicating a 7.2% decrease across the nation.

In Gujarat, the highest groundnut-producing state in the country, the acreage of the important oilseed has gone down to 1.7 MH from 1.9 MH. “A large number of farmers have shifted from groundnut to cotton and soyabean as they fetched higher prices last season in these two commodities,” said Atul Chaturvedi, president of The Solvent Extractors Association of India (SEAI).

According to Chaturvedi, production of groundnut in the country is likely to remain marginally low compared to the previous year’s nearly 5 million tonnes (MT). Apart from shifting to other crops, the late beginning of monsoon season in Saurashtra and North Gujarat regions of Gujarat and low-crop yields are two main reasons for the reduction in groundnut acreage in Gujarat, according to a senior official of the state agriculture department.

In many parts of Saurashtra and North Gujarat regions, farmers started sowing cotton replacing groundnut even before the first shower of this monsoon season. Since the last decade, prices of cotton and groundnut remained almost the same at nearly Rs 1,000 to Rs 1,300 per 20 kg, says the official, but in the last 2021-22 season farmers fetched as high as Rs 2,500 per 20 kg for their cotton yield. In comparison there hasn’t been any change in return on the groundnut crop, he added.

Last season, Gujarat’s kharif groundnut production was nearly 3.5 MT, said Samir Shah, president of Gujarat State Edible Oils and Oil Seeds Association (GEOA). He further added that “considering the favourable weather conditions so far, there would be nearly 20% deficit in kharif groundnut production in Gujarat following decline in acreage.”

Kishor Viradia, president of Saurashtra Oil Mills Association (SOMA), expects higher export demand of groundnut, as well as groundnut oil as inquiries from neighbouring China, have started. Viradia said that the recent spell of rain in the groundnut growing area of Saurashtra and North Gujarat has come as a big boon for the groundnut crop.

He however says that by November, the picture related to groundnut production, exports demand as well as prices will be clearer. With almost 65 to 70% share, Gujarat is the biggest producer of groundnut in the country followed by Rajasthan, Tamil Nadu, Andhra Pradesh and Karnataka.

Share Market HIGHLIGHTS: Sensex ends 105 pts up, Nifty at 17833 amid volatility; Infosys, TCS, SBI stocks jump

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Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic equity market benchmarks BSE Sensex and NSE Nifty 50 ended marginally higher on Friday. BSE Sensex gained 105 points or 0.2 per cent at 59,793, while NSE Nifty 50 index added 35 points or 0.2 per cent to settle at 17833. Stocks of Tech Mahindra, IndusInd Bank, Infosys, HCL Tech, Maruti Suzuki India, TCS, State Bank of India were among top index gainers. On the flip side, UltraTech Cement, M&M, L&T, Bajaj Finance, Titan Company settled in the red.

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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates 9 September 2022, Friday

15:35 (IST) 9 Sep 2022 Closing bell: Sensex, Nifty end marginally higher on Friday

BSE Sensex gained 105 points or 0.2 per cent at 59,793, while NSE Nifty 50 index added 35 points or 0.2 per cent to settle at 17833 on Friday

14:56 (IST) 9 Sep 2022 EY global follows India footsteps, to rejig global consulting, audit biz units to avoid regulatory flags

Global consulting and audit firm EY has decided to split its two businesses into two distinct, multidisciplinary organisations, following partner votes approving the call. This will separate its audit operations from consulting in certain jurisdictions into two separate organisations. The firm is looking to ease regulatory concerns over potential conflicts of interest. “The next steps include ongoing engagement with partners to provide them with more information in advance of the voting process. Read full story

14:30 (IST) 9 Sep 2022 Harsha Engineers sets price band at Rs 314-330 per equity share

Harsha Engineers International has fixed the price band at ₹314 to ₹330 per Equity Share for its maiden public offer. The initial public offering of the Company will open on Wednesday September 14, 2022, for subscription and close on Friday, September 16, 2022. Investors can bid for a minimum of 45 equity shares and in multiples of 45 equity shares thereafter.

14:03 (IST) 9 Sep 2022 PVR shareholders, creditors to meet on Oct 11 to consider merger with INOX

Multiplex operator PVR has called a meeting of its shareholders and creditors on October 11 to seek their approval for the scheme of merger with rival Inox Leisure (PTI)

13:25 (IST) 9 Sep 2022 ICICI Bank, Adani Enterprises, SBI among 191 stocks to hit 52-week high on BSE, 11 scrips touch fresh lows

Domestic equity markets were holding gains on Friday amid healthy global cues. Benchmark indices NSE Nifty 50 index was hovering near 17,900 levels with a gain of 105 points, while the S&P BSE Sensex climbed around 300 points to trade near 60,000 levels. Broader markets, too, climbed in tandem as Nifty Midcap 100 and Nifty Smallcap 100 surged up to 0.6%. IndusInd Bank, ICICI Bank, SBI, HUL, Tata Steel were top contributors. Sectorally, Nifty Bank and Nifty Metal indices leading the charge. A total of 191 stocks hit 52-week high on BSE intraday, while 11 securities were at fresh lows on Friday. Read full story

13:24 (IST) 9 Sep 2022 Indian stock markets to touch new high?

In my view, if the Nifty crosses 18,200 after touching the initial hiccup of 18,000 we believe that Indian Market is going to touch a new high and I have a strong conviction that Indian market will touch a new high compare to any other market in the world be it US, Europe, China or Hang Seng. Amit Jain, Co-founder, Ashika Global Family Office Services

13:03 (IST) 9 Sep 2022 Robust macro data, healthy corporate earnings, above average monsoon providing support to Indian stock market

Sensex has crossed 60k mark once again within a month, showing strength in the market. Buying was seen at every fall suggesting the inherent strong fundamentals of the domestic market. Robust macro data points, healthy corporate earnings and above average monsoon is providing support to the market despite weak global cues. Though the aggressive rate hikes by global central banks are likely to continue in near term despite the fear of recession looming large, Indian market is showing resilience as it benefits from the from the strong domestic consumption and China+1 strategy. Even FIIs have been enthusiastic about Indian Markets since Aug’22, despite noise surrounding the global cues. FIIs have bought more than Rs 20k crore in last 40 days. Further, fall in crude Oil prices to seven-month lows aided domestic sentiments. Now it needs to sustain this momentum going forward, for further upmove towards higher levels. Sneha Poddar, AVP – Research, Broking & Distribution, Motilal Oswal Financial Services

12:58 (IST) 9 Sep 2022 MCX Gold outguns Comex on weak Indian Rupee, yellow metal may trade sideways; buy on dips for gains

Going forward, the USD is going to be a safe asset as the Euro and the pound will be getting really hurt by the gigantic energy problem that they have, and the amount of money that they’re going to have to spend in order to alleviate people’s energy bills this winter. This would be bad news for gold and we don’t expect gold to give any substantial return this year. Read full story

12:31 (IST) 9 Sep 2022 F&O outlook: Nifty may continue to march towards 17900-18000; focus on thematic moves, support at 17600

Going forward, we expect Nifty to continue this northward move towards 17900 – 18000 and then beyond the 18000 mark. On the flipside, if there is no aberration globally, 17700 – 17600 should now act as immediate support. Traders are advised to continue with an optimistic approach and use declines to add fresh longs. Read full story

12:09 (IST) 9 Sep 2022 Tamilnad Mercantile IPO share allotment: Check status via BSE, grey market premium; listing on 15 Sep

Tamilnad Mercantile Bank’s Rs 831-crore IPO, which got subscribed 2.86 times, is likely to finalise the basis of allotment on Monday, 12 September. The IPO was sold in the range of Rs 500-525 per equity share, and it received a strong response from all the categories of investors. The equity shares are expected to list on BSE and NSE on 15 September 2022. The initiation of refunds or unblocking of funds from ASBA account will take place on 13 September, and the equity shares will get credited to allottees demat account on 14 September 2022. Read full story

10:52 (IST) 9 Sep 2022 Time for stock taking and exiting out of stocks; caution needs to be exercised

It is usually seen that when we don’t enter a bear market, the reversal to previous highs is quick and almost one sided. And this seems to be happening again. I won’t be surprised if we test a new all time high very soon. However, while new highs are definitely worth cheering, it is also a time for stock taking and exiting out of stocks that have run up a great deal or where fundamentals have taken a turn for the worse. To that extent, caution needs to be exercised. Rahul Shah, Co-Head of Research, Equitymaster

10:39 (IST) 9 Sep 2022 Harsha Engineers IPO opens on September 14: Check price band, GMP, lot size, other bidding details

The initial public offering (IPO) of Harsha Engineers International Ltd, will open for bidding on 14 September. The precision bearing cages manufacturer has set a price band of Rs 314-330 per share for its maiden public issue which will remain open for subscription till Friday, 16 September. The company plans to raise Rs 755 crore through this IPO. The anchor book will open on Tuesday, 13 September. Read full story

10:37 (IST) 9 Sep 2022 Amazon’s India challenge: ‘New’ competition in high margin units, struggle to capture tier-II, tier-III growth

Even as Amazon finds profitability elusive in India despite pumping in about Rs 50,000 crore, the going will get even tougher as it will have to compete with the likes of Meesho, BlinkIt and Swiggy, to capture the next phase of growth. Amazon India will have to compete with the ‘new’ commerce players with a drastic shift from slow e-commerce to quick/instant delivery, and high margin businesses such fashion, beauty and personal care, where it has struggled so far, brokerage firm Bernstein said in a recent research note. Read full story

10:18 (IST) 9 Sep 2022 Gold Price Today, 9 September 2022: Gold gets costlier on fall in US Dollar; check MCX support, resistance

Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices in India were trading higher on Friday, as rates in the international market soared. On Multi Commodity Exchange, gold October futures were ruling Rs 186 or 0.4 per cent up at Rs 50,542 per 10 gram. Silver December futures were up Rs 654 or 1.2 per cent to trade at Rs 54,935 per kg. Globally, yellow metal prices rose, helped by a dip in the dollar, but expectations of more interest rate hikes capped further gains as U.S. Federal Reserve Chair Jerome Powell reiterated the central bank’s commitment to tame inflation. Read full story

10:04 (IST) 9 Sep 2022 Nifty may head to 18300 this month

The 12 day trading range of 17,400-17,777 and set a positive undertone in the market. Positive market breadth and outperformance of our domestic Index in comparison to its global peers might propel to challenge the psychological level of 18,000. One can expect the Nifty to eventually head towards 18,300 in September 2022 as it is the swing high of January 2022. Nifty also registered a bullish golden crossover in August (50-DEMA crossing above 200-DEMA) implying major shift of momentum from a medium term perspective. During the day index is likely to open on a positive note amid pullback in global equity market and sharp decline in crude prices and is likely to continue with its positive momentum and challenge 18,000 levels. Tirthankar Das, Technical & Derivative Analyst, Retail, Ashika Stock Broking

09:54 (IST) 9 Sep 2022 Sensex, Nifty off day’s high, still trade in green

BSE Sensex gave up 60,000, and NSE Nifty 50 index slipped below 17900 levels after few minutes into the trade.

08:37 (IST) 9 Sep 2022 Nifty tough resistance at 17992

“Nifty rose on September 8 after a two day fall. Nifty opened gap up and then remained in a 102 point range through the day. At close, Nifty was up 0.99% or 174.35 points at 17798.75. Among sectors, Banks and IT gained the most, while Metals and Realty fell the most. Broad market indices i.e. Midcap and Smallcap indices rose less than the Nifty, thus underperforming. Advance decline ratio was positive at 1.56:1 Nifty broke above the recent high of 17777 easily. Now the next tough resistance is 17992. On falls, 17651 could be the support.”

~ Deepak Jasani, Head of Retail Research, HDFC Securities

08:35 (IST) 9 Sep 2022 Stocks in focus today

IndiGo: Passenger airline IndiGo operator InterGlobe Aviation co-founder Gangwal family sold 2.74% stake in the company through open market transactions.

Vodafone Idea: The government will acquire a stake in debt-ridden Vodafone Idea after the stock price of the company stabilises at Rs 10 or above.

Future Lifestyle Fashions: The company has received a three-month extension from the Registrar of Companies for holding its Annual General Meeting.

Read full story

08:30 (IST) 9 Sep 2022 Nifty may rally till 17900-18000

“Positive global cues helped markets rebound from 2-day losses led by banking stocks. India’s growth resilience is something that investors are betting on considering concerns of global slowdown amid rising interest rates. Technically, the Nifty took support near 17690 and reversed thereafter. On daily charts, the index has formed a small bullish candle and has reclaimed the 20 day SMA (Simple Moving Average) level as well. For the trend following traders now the 20 day SMA or   17650 would act as a key support level. Above which, the index could rally till 17900-18000. On the flip side, below 17650, bulls may prefer to exit from the long positions.”

~ Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities

08:07 (IST) 9 Sep 2022 Nifty short-term trend positive, may move to 18000 once 17800 breached; 5 things to know before opening bell

Indian equity markets are likely to extend gains on Friday. SGX Nifty hinted at positive start for BSE Sensex, NSE Nifty 50 as Nifty futures traded 86 points, or 0.48% higher at 17,905.50 on the Singapore Exchange ahead of today’s trading session. “Nifty likely to continue northward move towards 17900 – 18000 and then beyond the 18000 mark. On the flip side, if there is no aberration globally, 17700 – 17600 should now act as immediate support. Traders are advised to continue with an optimistic approach and use declines to add fresh longs. One can continue to focus on thematic movers and also, and the broader market remains the real flavor,” said Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel One.

Read full story

07:41 (IST) 9 Sep 2022 Asian stocks edge higher

Markets in Asia-Pacific were mostly higher even as investors digest Federal Reserve Chair Jerome Powell’s latest comments as he vowed to raise rates to tackle inflation “until the job is done.” In Japan, the Nikkei 225 rose 0.61 percent and the Topix rose 0.35 percent. In South Korea, the Kospi was up 0.33 percent and the Kosdaq rose 1.25 percent. In Australia, the S&P/ASX 200 also gained 0.25 percent.

07:40 (IST) 9 Sep 2022 US stocks gain despite Powell’s hawkish stance

Wall Street’s main indices posted gains on Thursday mainly lifted by financial institutions and healthcare companies, as investors digested hawkish remarks from policymakers that cemented bets of a large interest rate hike later this month. Indices bounced back and forth in choppy trading as concerns over the Federal Reserve’s next steps to tame a surging inflation remain. The Dow Jones Industrial Average rose 193.24 points, or 0.61 percent, to 31,774.52, the S&P 500 gained 26.31 points, or 0.66 percent, to 4,006.18 and the Nasdaq Composite added 70.23 points, or 0.6 percent, to 11,862.13.

07:40 (IST) 9 Sep 2022 Markets on Thursday

The BSE Sensex jumped 659 points to 59,688, while the Nifty50 rose 174 points to 17,799, which was above the five-day consolidation range, and formed a small-bodied bullish candle on the daily charts.

India launches reference fuel, to cut import dependency

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India on Thursday launched its first reference fuel in collaboration with state-run Indian Oil Corporation (IOC), becoming the third country to do so. The domestic production is likely to reduce India’s import dependency.

“We used to import 1,000 kilolitre (of reference fuel), our consumption is just 150 kilolitre,”said Minister of Petroleum and Natural Gas, Hardeep Singh Puri. “Soon we will look at stopping the import and also becoming a major exporter.”

The imported reference fuel costs at Rs 800-850 a litre. Indigenous production of this fuel will cut down this cost to around Rs 500 per litre.

These reference gasoline fuels will be available in E0, E5, E10, E20, E85, and E100 from the Paradip refinery. “Reference diesel fuel shall be available in B7 grade from Panipat refinery,” the government said.

In addition, the government said that it has achieved its target of blending 12% ethanol with petrol for the current ethanol supply year 2022-23 which will end in October.

“(Oil) Secretary Pankaj Jain told me that we have already done 12 per cent this month, which was our target, and we are well towards reaching our target of 20 per cent biofuel blending by the calendar year 2025,” he said adding that 5,000 petrol pumps are already selling the 20% ethanol-blended fuel.

In the ethanol supply year 2022-23 (Dec-Oct), the government has set a target of achieving 12% ethanol blending with petrol. This target for the year 2023-24 (Nov-Oct) has been set at 15%.

The government is now moving towards maize as a supplement to be used in ethanol blending. In August, the percentage of ethanol blended with petrol was 11.3%, according to the latest data by Petroleum Planning and Analysis Cell. “The cumulative ethanol blending during December 2022- August 2023 was 11.7%,” the report said.

The government had earlier stopped the supply of rice to ethanol distilleries due to lack of domestic availability.

Further, talking about energy transition, the minister said that global turbulence forces the market to move towards cleaner fuels.

“The upcoming 10 KTA (kilo tonnes per annum) green hydrogen plant at Panipat will further augment green energy transition,” the minister said.

The number of countries from where India imports energy has gone up to 39 from 37, Puri said while talking about India’s energy supplies. “We have increased India’s exploration and production footprint.”

The energy security strategy adopted by India to make the country ‘energy-independent’ by 2047 includes diversification of energy supplies, increasing exploration and production footprint, alternate energy sources, and meeting energy transition through gas-based economy, and green hydrogen and EVs, Puri said.

The government is also ambitious in its target of achieving the green energy transition target of 2047 and plans to expand green hydrogen-powered buses by December.

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

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As anticipation mounts for the upcoming Gunnour 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 Gunnour Constituency Assembly Election 2023 that every voter should be aware of.

Gunnour Constituency Madhya Pradesh Assembly Election 2023: Voting Date

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

Gunnour Madhya Pradesh Election 2023: Candidates

Watch this space as prominent political parties, including the Indian National Congress (INC)Bharatiya Janata Party (BJP)and Bahujan Samaj Party(BSP) along with others, are poised to reveal their candidates for the Gunnour 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 Gunnour Assembly Constituency Election 2023, keeping you abreast of all the developments and insights that matter to you.

Gunnour Constituency MP Election Result: What happened in 2018

Shivdayal Bagri from Gunnour of Madhya Pradesh, won the seat with 57658 votes. He defeated Bharatiya Janata Party’ Rajesh Kumar Verma who had polled 55674 votes. The winning margin was 1984 votes.

2018 Gunnour Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesShivdayal BagriIndian National Congress57658

Candidate List Party Name Votes Gained (Vote %) Shivdayal Bagri Indian National Congress 57658 (37.55%) Rajesh Kumar Verma Bharatiya Janata Party 55674 (36.26%) Jeevanlal Siddharth Bahujan Samaj Party 32793 (21.36%) None Of The Above None Of The Above 3734 (2.43%) Khilawan Prasad Urf Khillu Sapaks Party 3700 (2.41%)

Gunnour Constituency MP Election Result: What happened in 2013

In the Madhya Pradesh Assembly election of 2013, Mahendra Singh won from the Gunnour seat garnering 41980 votes and defeated Indian National Congress candidate Shiv Dayal who bagged 40643 votes. The candidate who came third was Bahujan Samaj Party’ Devideen.

Mahendra Singh got 41980 votes while Shiv Dayal got 40643 votes.

2013 Gunnour Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesMahendra SinghBharatiya Janata Party41980

Candidate List Party Name Votes Gained (Vote %) Mahendra Singh Bharatiya Janata Party 41980 (33.66%) Shiv Dayal Indian National Congress 40643 (32.58%) Devideen Bahujan Samaj Party 26915 (21.58%) Phoi Lal Independent 5866 (4.7%) None Of The Above None Of The Above 2991 (2.4%) Parshu Independent 1552 (1.24%) Somwati Nationalist Congress Party 1384 (1.11%) Girdhari Lal Independent 1000 (0.8%) Radha Bai Gondvana Gantantra Party 832 (0.67%) Kishori Lal Apna Dal 723 (0.58%) Prahalad Lok Jan Shakti Party 465 (0.37%) Dhani Ram Samajwadi Party 379 (0.3%)

Petrol, Diesel Price Today, 30 Sep 2022: Fuel prices unchanged; check rates in Delhi, Mumbai, other cities

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Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The price of petrol and diesel remained unchanged on 30 September 2022 (Friday), keeping costs steady for nearly four months now. The petrol rate and diesel rate in Delhi are at Rs 96.72 and Rs 89.62 per 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 fuel prices came on 21 May this year, 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.

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Petrol, diesel prices in Chennai, Kolkata, Bengaluru, Lucknow, Noida, Gurugram

Mumbai: Petrol price: Rs 106.31 per litre, Diesel price: 94.27 per litre

Delhi: Petrol price: Rs 96.72 per litre, Diesel price: Rs 89.62 per litre

Chennai: Petrol price: Rs 102.63 per litre, Diesel price: Rs 94.24 per litre

Kolkata: Petrol price: Rs 106.03 per litre, Diesel price: Rs 92.76 per litre

Bengaluru: Petrol: Rs 101.94 per litre, Diesel: Rs 87.89 per litre

Lucknow: Petrol: Rs 96.57 per litre, Diesel: Rs 89.76 per litre

Noida: Petrol: Rs 96.79 per litre, Diesel: Rs 89.96 per litre

Gurugram: Petrol: Rs 97.18 per litre, Diesel: Rs 90.05 per litre

Chandigarh: Petrol: Rs 96.20 per litre, Diesel: Rs 84.26 per litre

Public sector OMCs including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with international benchmark prices and foreign exchange rates. Any changes in petrol and diesel prices are implemented from 6 am every day. Retail petrol and diesel prices differ from state to state because of local taxes like VAT or freight charges.

Sensex, Nifty snap 2-day gaining streak ahead of US Fed outcome; here’s how to trade on F&O expiry day

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BSE Sensex and NSE Nifty 50 ended half a per cent down on Wednesday, as investors booked profit ahead of the US Federal Reserve’s monetary policy outcome, which is due later tonight. BSE Sensex fell 263 points or 0.4 per cent to 59,457, while NSE Nifty 50 ended 98 points or 0.6 per cent down at 17718. Index heavyweights such as Housing Development Finance Corporation, L&T, Infosys, Tata Consultancy Services, and Kotak Mahindra Bank, among others, dragged the index the most. Broader markets underperformed equity frontliners. S&P BSE Midcap index fell 0.6 per cent or 162 points to settle at 25,778, while S&P BSE SmallCap index ended 204 points or 0.7 per cent down at 29,239. Sectorally, Bank Nifty index fell 0.6 per cent to settle at 41,203.45, India VIX, the volatility index, gained 2.8 per cent to settle at 19.33 levels.

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Markets across the globe were trading with considerable volatility ahead of the Fed policy announcement. A 75bps hike by FED was factored in by the markets, while reports of mobilising Russian forces in Ukraine has escalated geopolitical tension and fears of rising inflation. Any military escalation will have a significant effect on the world & domestic economy. This will have an influence on the near-term trend of the global market and implications on the local market can be high as it is trading at premium prices compared to the world.

Ajit Mishra, VP – Research, Religare Broking

Markets traded volatile for yet another session and lost over half a percent. After the initial positivity, the Nifty index pared all its gains as the session progressed and finally settled at 17718.35; down by 0.5%. Barring FMCG and media,most of the sectoral indices traded in tandem with the benchmark and ended lower. Markets will first react to the Fed meet outcome in early trades on Thursday. Besides, the scheduled weekly expiry would add to the volatility. Amid all, indications are in the favour of further consolidation so we suggest traders to stay light and focus more on the risk management part. On the index front, 17,400-17,500 zone would act as a cushion in Nifty while rebound towards 17,900-18,000 zone may attract selling pressure.

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Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services

Domestic market consolidated ahead of the FOMC outcome expected late on Wednesday. Markets will react to the Fed’s interest rate hike decision while the 75 bps have been factored in, an aggressive commentary or sharper rate hike of 100bps could lead to higher volatility and pressure on the market. An inline rate hike can bring relief to the market. Stock specific action was seen in sectors like defence, FMCG, capital goods and Healthcare. Indian equities witnessed volatility amid weak global cues. Nifty opened with minor cuts and remained under pressure throughout the day to close with loss of 98 points at 17719 levels. India VIX was up by 3.4% at 19.4 levels. Except for FMCG, all other sectors ended in the red.

Sahaj Agrawal, Head of Research – Derivatives, Kotak Securities

Nifty has been in a corrective phase since the last few trading sessions. We have not seen a short term reversal attempt succeeding and hence maintain a negative bias for the near term. Monthly support is only seen at 17000. US Fed comments are expected to keep volatility high in the near term. Expect consolidation to correct in the near term as the broader market sentiment has also turned negative. FII and PRO positions also suggest reduction in net shorts suggesting limited downside in near term. For Nifty, maximum OI buildup is seen at 17000 Put and 18000 Call Option. For Bank-Nifty, maximum OI buildup is seen at 40500/41000 put and 41500/42000 call options. For the expiry day, expect nifty to trade with resistance of 17950 – any move above the same can invite short covering.

Kunal Shah, Senior Technical Analyst, LKP Securities

The Bank Nifty index continued to face resistance at a higher level where 42,000 will act as a hurdle. The index is stuck in a broad range between 40,500-42,000 and a break on either side will decide the trend for the index. On the derivative front, the highest open interest on the call side is built up at 42,000 and immediate support is visible at 41,000 where fresh put writing has been observed.