Monthly Archives: November 2022

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Nov 26, 2022
Market Outlook: Nifty, Sensex end down, sentiment sours as MSCI cut Adani shares weightage; CPI, US Fed eyed

Indian benchmark equity indices NSE Nifty and BSE Sensex closed in the red on fears of a looming U.S. recession, and as sentiment soured after index provider MSCI said it will cut the weightings of four Adani Group companies.. Nifty 50 declined 37 points or 0.21% to 17,856.5 while Sensex closed 123 points lower at 60,682.7. The broader markets and sectoral indices all closed in the mixed as volatility gauge, India VIX, fell 2.26%. Nifty Realty was the top gainer on Friday as Nifty Metal tanked.

Markets Decoded: Investors to focus on global factors

FPI flows in India negative: Shrikant Chouhan, Kotak Securities

Bulls took charge of markets: Vinod Nair, Geojit Financial Services

Domestic indices lost ground following the global rout as investors speculated over the prospects of further policy tightening. Worries of a looming recession escalated as the President of Richmond Fed added to the hawkish comments by the Fed speakers. The announcement by MSCI to reduce the weighting of four Adani Group companies further hurt sentiments at home.

Nifty Technical View: 17,600 support zone

Nifty could remain in 17,651 – 18,061 band: Deepak Jasani, HDFC Securities

Nifty witnessed a small 74 point high low range on Friday which is the lowest since Dec 14, 2022 likely due to reduction of volatility. On a weekly basis, the Nifty ended just 0.01% higher – essentially flat, after a week of gain. It also made a lower top, higher bottom compared to the previous week. This narrowing of range over daily and weekly time frame could portend higher moves/breakout in Nifty on either side. Till then, Nifty could remain in the 17,651 – 18,061 band in the near term.

Keep booking profits: Om Mehra, Choice Broking

Volume profile indicates Index may find support around 17,600-17,700 zone. Coming to the OI Data, on the call side, the highest OI observed at 18,000 followed by 18,100 strike prices while on the put side, the highest OI was at 17,700 strike price. On the other hand, Bank Nifty has support at 41,000-41,100 while resistance is placed at 42,000-42,200 range. As markets continue to trade in a wide range with high volatility, we advise traders to keep booking profits on their trading positions.

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Nov 26, 2022
Adani shares continue fall amid MSCI review

Shares of Adani Group companies remained under pressure on Friday as global index provider MSCI reduced the quantum of freely tradable shares in its calculation for some of the firms.

The MSCI has changed the foreign inclusion factor in Adani Transmission, Adani Total Gas and Adani Enterprises, which could lead to estimated outflows of $416 million in these companies. The MSCI passive trackers will implement changes on February 28.

Adani Enterprises is expected to see its weight decline by 30 bps, which could lead to outflows of around $161 million, according to estimates by Nuvama Alternative & Quant Research. Adani Transmission and Adani Total Gas will see their weights decline by 30 bps and 20 bps, resulting in estimated outflows of $145 million and $110 million, respectively. ACC’s weight will reduce by 2 bps, resulting in outflows of $12 million.

The affected securities will be further reviewed as part of the full country float review in May, which could lead to some index deletions and more passive selling, according to experts.

The MSCI defines the free float of a security as the proportion of shares outstanding that is considered available for purchase in the public equity markets by international investors.

Flagship Adani Enterprises slid 4.1% on Friday to Rs 1,847 after slipping 10.7% on Thursday. The stock had rallied 35% in the previous two sessions.

Adani Green Energy, Adani Total Gas, Adani Transmission and Adani Power slid 5% each. Ambuja Cements and Adani Ports were the only two group companies to end in the green, up 0.8% and 0.3%, respectively.

Adani Green Energy, Adani Total Gas and Adani Transmission hit their 52-week lows on Friday. ACC, Adani Enterprises and Adani Ports & SEZ have also hit their 52-week lows this month.

Moody’s on Friday downgraded its ratings outlook to ‘negative’ from ‘stable’ for Adani Green Energy; the Adani Green Energy Restricted Group, which represents some of its other units; and two subsidiaries of Adani Transmission. “These rating actions follow the significant and rapid decline in the market equity values of the Adani Group companies following the recent release of a report from a short-seller highlighting governance concerns in the group,” Moody’s said.

On Tuesday, the rating agency said banks’ exposure to Adani Group is less than 1% of their total loans. However, risks for banks can increase if Adani becomes more reliant on bank loans, given that the group’s access to funding from international markets can be curtailed because of heightened risk perception.

On Thursday, Norway’s $1.35-trillion sovereign wealth fund said it had divested almost all its remaining shares in companies belonging to Adani Group in the past few weeks, according to a report by Reuters. The fund held shares in Adani Green Energy worth $52.7 million, Adani Total Gas ($83.6 million) and Adani Ports & Special Economic Zone ($63.4 million) at the end of CY22.

Also read: Cred’s losses in FY22 mount as spends swell

The surge in shares of some of the group companies earlier this week came after the group announced its decision to pre-pay $1.11 billion of loans on shares ahead of maturity in 2024. Some of the group’s recent earnings reports also boosted investor confidence.

However, a news report by the Financial Times on Thursday indicated that the prepayment of the $1.1bn share-backed loan happened after a margin call of more than $500 million and was designed to avoid further damage to investor confidence in the group.

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Nov 25, 2022
Share Market Highlights: Nifty ends below 17850, Sensex down 18 pts; Bank Nifty, IT fall, NTPC, Tata Steel gain

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic benchmark equity indices ended Tuesday’s volatile session the negative territory. The 30-share BSE Sensex settled below 60,700 and NSE Nifty 50 concluded below 17850, today as well. The Sensex  fell 18.82 pts or 0.03% to 60,672.72 and Nifty 50 dipped 17.90 pts or 0.10% to 17,826.70. The top gainers on the Sensex were NTPC, Tata Steel, Power Grid, Reliance Industries Ltd (RIL) and HDFC while Tata Motors, Sun Pharma, Wipro, TCS and UltraTech Cement were the top losers.

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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights

16:15 (IST) 21 Feb 2023 Bank Nifty at risk of revisiting the low of 39400

“Bank Nifty has failed to break through the 42000 level and has fallen below the 40800 support level. There is risk that it may revisit the low of 39400, which may coincide with its 200-DMA. On the upside, 41100 will act as a strong hurdle.” –

Pravesh Gour, Sr. research analyst, Swastika Investmart.

16:14 (IST) 21 Feb 2023 Nifty immediate support placed at 17650

“Nifty is again experiencing selling pressure from the 18100–18200 supply zone, but 17770 is an important critical support level. If Nifty slips below 17770, then it is likely to test its 200-DMA, which is placed around 17350, where 17650 will be an intermediate support level. On the upside, 18000 will be an immediate and critical hurdle.” – Pravesh Gour, Sr. research analyst, Swastika Investmart.

16:12 (IST) 21 Feb 2023 Weak sentiment likely to continue as long as Nifty trades below 17900

“Markets were extremely range bound with a negative bias as the shutdown of the US markets on Monday prompted investors to take a cautious stance. In fact, the markets have been more or less sluggish to negative over the past few sessions due to factors like rising interest rates, higher inflation, lingering geo-political tensions, and slowing growth. Technically, the Nifty has formed a bearish candle on daily charts which is broadly negative for the market. As long as the index is trading below 17900, the weak sentiment is likely to continue and below the same it could slip till 17750-17700. On the flip side, a quick pullback is possible if the market trades above 17900 and on further appreciation it could move up to 17950-18000.” – Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.

15:40 (IST) 21 Feb 2023 Top gainers/losers

The top gainers on the Sensex were NTPC, Tata Steel, Power Grid, Reliance Industries Ltd (RIL) and HDFC while Tata Motors, Sun Pharma, Wipro, TCS and UltraTech Cement were the top losers.

15:38 (IST) 21 Feb 2023 Nifty, Sensex end in red

The 30-share BSE Sensex settled below 60,700 and NSE Nifty 50 concluded below 17850, today as well.

13:37 (IST) 21 Feb 2023 TCS, Infosys among volume toppers

TCS, Infosys, Reliance Industries, L&T, Tata Steel are among the volume toppers on the BSE Sensex-30 index.

13:36 (IST) 21 Feb 2023 NSE 52-week lows

Alternatively, 124 stocks including Venky’s (India), Sheela Foam, Indigo Paints, Adani Total Gas, Adani Transmission, Barbeque Nation Hospitality, Seamec, Century Textiles & Industries, Adani Green Energy, BSE, Paras Defence and Space Technologies, Valiant Organics, Olectra Greentech, Mahindra Logistics, Associated Alcohols & Breweries, Ramco Industries, Rupa & Company, Biocon are at 52 week lows.

13:36 (IST) 21 Feb 2023 NSE 52-week highs

On the NSE Nifty, 40 stocks hit their 52 week highs including Fourth Dimension Solutions, Baid Finserv, Bosch, Cera Sanitaryware, Equitas Small Finance Bank, Focus Lighting and Fixtures, GNA Axles, Goyal Aluminiums, Hilton Metal Forging, ION Exchange (India), Kirloskar Industries, Kovai Medical Center and Hospital, NMDC Steel, MPS, Persistent Systems, PG Electroplast, Shree Cement, Siemens, Universal Cables among others.

13:35 (IST) 21 Feb 2023 BSE 52-week lows

On the flip side, 142 stocks fell to their 52 week lows. Zee Media, Seamec, Venky’s (India), Valiant Organics, Vipul Organics, Sheela Foam, Shreyas Shipping & Logistics, Paras Defence and Space Technologies, Pokarna, Poddar Housing and Development, Punjab Chemicals and Crop Protection, Rama Phosphates, Rupa & Company, Brookfield India Real Estate Trust REIT, Century Textiles & Industries, Graphite India, GE Power India, Indong Tea Company, Olectra Greentech, Adani Green Energy, Adani Transmission, Biocon, Amrutanjan Health Care and others were among these scrips.

13:35 (IST) 21 Feb 2023 BSE 52-week highs

On the BSE Sensex, 75 stocks rose to hit fresh 52 week highs. Siemens, Titan Intech, WPIL, Triveni Turbine, Uni Abex Alloy Products, Vinny Overseas, Universal Cables, Persistent Systems, PG Electroplast, Praveg, MPS, Shree Cement, Ion Exchange (India), Kaynes Technology India, Kirloskar Industries, Kovai Medical Center & Hospital, Bajaj Steel Industries, Bosch, Cera Sanitaryware and many others were among those to hit these highs.

13:35 (IST) 21 Feb 2023 Nifty top gainers/losers

On the NSE Nifty index, the top winners are NTPC, Tata Steel, Adani Ports, Power Grid, Britannia Industries, with NTPC up 2.83%. The biggest laggards are Apollo Hospitals, Bajaj Auto, Adani Enterprises, IndusInd Bank, Coal India, with Apollo Hospitals down 2.04%.

13:34 (IST) 21 Feb 2023 Adani Enterprises, RIL among most active equities

Reliance Industries, HDFC Bank, Adani Enterprises, ICICI Bank and HDFC are the most active Nifty 50 stocks intraday.

12:40 (IST) 21 Feb 2023 NTPC shares rise over 3%

NTPC shares rose over 3% to Rs 174.20 after its subsidiary NTPC Green Energy Ltd (NGEL) invited bids for a rupee-denominated term loan of up to Rs 9,000 crore. The bid document showed that NGEL intends to raise fresh debt and repay the outstanding liability of Rs 8,200 crore towards NTPC by March 31, 2023, along with applicable interest costs.

10:13 (IST) 21 Feb 2023 Asian Paints shares fall

Asian Paints shares fell 0.60% to Rs 2810.40 after Asian Paints (Polymers), a wholly-owned subsidiary of the company, entered into a Memorandum of Understanding (MoU) with the Government of Gujarat to set up a manufacturing facility for Vinyl Acetate Ethylene Emulsion and Vinyl Acetate Monomer (VAM) at Dahej, Gujarat.

10:12 (IST) 21 Feb 2023 Ambuja Cements shares rise 2.5%, ACC stock gains 0.23%

Ambuja Cements shares rose 2.5% to Rs 362.10 and ACC shares rose 0.23% to Rs 1855.00 after both the firms stated that they will resume operations at Gagal and Darlaghat plants in Himachal Pradesh immediately. Both the firms’ new freight rates have been set 10-12% lower than the earlier rates.

09:47 (IST) 21 Feb 2023 Nifty outright fall below 17750 will expose 17300

“The evening star pattern showed its might by gripping the trend under a bearish cloud, but the downside momentum thereof was not enough to breach our downside marker of 17750. Given the proximity of the declining trendline, a bounce back is likely, but the prospects of a meaningful move thereof will depend on how stubborn the congestion resistance band of 17868-940 will be. Inability to clear the same or an outright fall below 17750 will expose 17300 again, but we are not leaning towards a collapse at this point.” – Anand James – Chief Market Strategist at Geojit Financial Services.

09:23 (IST) 21 Feb 2023 Top gainers/losers

The top gainers on Nifty were NTPC, JSW Steel, HDFC Life, Tata Steel and Hindustan Unilever Ltd while top losers were Adani Enterprises, Axis Bank, ICICI Bank, Maruti and Titan.

09:23 (IST) 21 Feb 2023 Nifty, Sensex open in green

The BSE Sensex rose 81.89 pts or 0.13% to 60,773.43 and NSE Nifty 50 climbed 34.50 pts or 0.19% to 17,879.10.

09:15 (IST) 21 Feb 2023 Sensex, Nifty end pre-open in green

The NSE Nifty 50 rose 61.20 pts or 0.34% to 17,905.80 and BSE Sensex climbed 78.89 pts or 0.13% 60,770.43.

09:13 (IST) 21 Feb 2023 Nifty support placed at 17796, Bank Nifty support seen at 40,514

“Nifty support placed at 17796, followed by 17,726 and the resistance level at 17,975 and 18,084. Bank Nifty support is seen at 40,514 and 40,234 and resistance at 41,195 and 41,597.” – JM Financial.

08:36 (IST) 21 Feb 2023 Bank Nifty trend remains negative

“The BANK NIFTY bears continued to attack at the higher levels and the index witnessed selling pressure throughout the day. The trend remains negative and one should keep a sell-on-rise approach as long the index stays below the level of 41,500 where the highest open interest is built up on the call side. The next support is visible at 40000 where some amount of put writing is visible.” – Kunal Shah, Senior Technical Analyst at LKP Securities.

08:29 (IST) 21 Feb 2023 Short-term outlook on Nifty changed to sideways

“On the daily charts, the Nifty has come back within the downward sloping channel from which it broke during the last week. On the hourly charts, we can observe that the Nifty has closed below the key hourly moving averages which is a sign of weakness in the short term. Prices are moving along the hourly lower Bollinger band which is expanding indicating that the fall is likely to continue. Thus, considering the above parameters we change our short-term outlook on the Nifty to sideways. The range of consolidation is likely to be 18150 – 17650. In terms of levels, 17920 – 17970 shall act as immediate hurdle one while on the downside the 17650 – 17600 which convinces with the 61.82% Fibonacci retracement level shall act as a crucial support to watch out for form short term perspective.” – Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.

08:25 (IST) 21 Feb 2023 Nifty support seen at 17,700 while 18,100 could be immediate hurdle

“Prices are still hovering near their breakout levels but have closed marginally below their 9 & 21 EMA on the daily chart. The momentum oscillator RSI (14) is reading between 30-55 levels for the past two months and finding a strong overhead resistance near 55 levels. In the coming days, 17,700 will be sacrosanct support for the Nifty, while 18,100 could be an immediate hurdle. A break above 18,100 levels will infuse buying towards 18,250 levels. Similarly, a break below 17,700 will open the gate for 17,450 levels on the lower side.” – Rohan Patil, Technical Analyst, SAMCO Securities.

08:21 (IST) 21 Feb 2023 US markets remained closed on Monday

The US markets remained closed on Monday. On Friday, most of the US indices ended in the red territory with tech-heavy Nasdaq falling 69.56 pts or 0.56% to 11,787.27, S&P 500 dipping 11.32 or 0.28% to 4,079.09 while Dow Jones Industrial Average rose 129.84 pts or 0.39% to 33,826.69.

08:20 (IST) 21 Feb 2023 Asian markets trade mixed

Japan’s Nikkei 225 was down 0.05%, Hong Kong’s Hang Seng fell 0.59% while China’s Shanghai Composite index was up 0.26% and South Korea’s KOSPI rose 0.17%.

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Nov 19, 2022
Markets Wrap – Tue, 14 Feb ‘23: Nifty, Sensex surge, rupee depreciates; Asia, US markets, Gold, Crude updates

Indian equity indices concluded Tuesday’s session broadly in green. The Sensex closed above 61,000 and the Nifty settled above 17,900. The top gainers of the Nifty 50 were UPL (up 3.61%), ITC (up 3.14%), Reliance Industries Ltd (up 2.44%), Adani Enterprises  (up 1.88%) and Adani Ports (up 1.86%) while Apollo Hospital (down 2.45%), Eicher Motors (down 2.23%), SBI Life (down 1.54%), BPCL (down 1.16%) and Grasim (down1.15%) were the losers.

Asian Markets

Asian markets closed mostly in green on Tuesday. China’s Shanghai Composite Index rose 9.12 pts or 0.28% to 3,293.28, Japan’s Nikkei 225 rose 175.45 pts or 0.64% to 27,602.77, South Korea’s KOSPI rose 12.94 pts or 0.53% to 2,465.64 while Hong Kong’s Hang Seng fell 50.66 pts or 0.24% to 21,113.76.

US Markets

US stock indices concluded in green on Monday, ahead of CPI inflation data, which is scheduled to be published today. The Dow Jones Industrial Average rose 376.66 pts or 1.11% to 34,245.93, S&P 500 advanced 46.83 pts or 1.14% to 4,137.29 and Nasdaq climbed 173.67 pts or 1.48% to 11,891.79.

Rupee movement

The Indian rupee fell marginally by 0.05% to 82.76 against the US dollar at 4:05 PM (IST).

Gold, Silver

Gold futures on the multi-commodity exchange for April delivery were trading at Rs 56,819.00 up 322 points or 0.57% while Silver futures for March delivery fell 8 points or 0.01% to Rs 66,136.00 at 4:00 PM (IST).

Crude oil

WTI Crude futures for March delivery were down 1.43% at $78.99 while Brent Crude futures for March delivery were trading 1.09% lower at $85.63 at 4:08 PM (IST).

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Nov 18, 2022
FII DII data: FPI bought shares worth Rs 1305.3 crore, DII purchased shares worth Rs 204.79 crore on Feb 14

Foreign institutional investors (FII) bought shares worth a net Rs 1305.3 crore while domestic institutional investors (DII) purchased shares worth a net Rs 204.79 crore on Tuesday, February 14, 2023, according to the data available on NSE. For the month till February 14, FIIs sold shares worth a net Rs 2,786.52 crore while DIIs bought shares worth a net Rs 7,179.53 crore. In the month of January, FIIs sold shares worth a net of Rs 41,464.73 crore while DIIs purchased equities worth a net of Rs 33,411.85 crore.

Foreign institutional investors (FII) or Foreign portfolio investors (FPI) are those who invest in the financial assets of a country while not being part of it. On the other hand, domestic institutional investors (DII), as the name suggests, invest in the country they’re living in. Political and economic trends impact the investment decisions of both FIIs and DIIs. Additionally, both types of investors — foreign institutional investors (FIIs) and domestic institutional investors (DIIs) —  can impact the economy’s net investment flows.

“The open interest (OI) has shown a sharp rise in 17,800 Put OI, suggesting strong commitment by bulls with a reduction at 18,000 Calls. The major hurdle for bulls will be faced near 18,000 – 18050 levels. If prices break above the said levels, then we will be witnessing a breakout in Nifty. Similarly, the closest support for the Nifty is placed near 17,800 – 17,650, and if prices breach below these levels, then 17,500 will be on the cards,” said Rohan Patil, Technical Analyst, SAMCO Securities.

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Nov 17, 2022
Rating: buy; Bharti Airtel – Maintaining the momentum

Telecom major Bharti’s Q3 results were broadly in line with our estimates, reflecting healthy growth across segments and an uptick in margins.

Consolidated revenue of Rs 35.800 crore was 2% above our estimate and increased 4% sequentially, reflecting: (i) +2% for India wireless and enterprise; (ii) +4% for homes; and (iii) +6% for Africa. Consolidated Ebitda at Rs 18,450 crore increased 5% q-o-q and was also 2% above our estimate. Consolidated Ebitda margin increased 50bp q-q to 51.5%, driven by strong margin expansion in the India wireless segment. Consolidated reported PAT at Rs 1,590 crore was below estimate, reflecting the impact of an exceptional charge of Rs 670 crore for provision of licence fees in wholly owned subsidiaries and losses from JV/associates.

Bharti’s India wireless segment revenue of Rs 19,340 crore increased +2% q-o-q and was modestly above our estimate due to higher-than-expected subscriber net adds. Reported ARPU increased modestly by 2% q-o-q to Rs 193 (vs Rs 178.2 for Jio) and was in line with our estimate. The end-of-period (EoP) paying subscriber base increased strongly by 4.4mn to 332.2mn, remaining modestly above our estimate of 4mn and lower than that of 5.3mn for Jio . Subscriber mix quality continued to improve, with 4G subscriber net adds at a robust 6.2mn to a base of 216.7mn, now accounting for 65% of the EoP subs.

:Also read: Adani stocks rout: Country’s regulators are seized of matter, says FM Nirmala Sitharaman

Capex increased to Rs 6,380 crore from Rs 3,850 crore in Q2, as 5G outlay ramped up. Bharti’s India revenues of Rs 25,900 crore remained above that of Jio Platforms Ltd (JPL) of Rs 24,900 crore, albeit growing at a modestly lower pace of 2% versus 3% for JPL. Data volume grew 3% q-o-q, with data usage per sub broadly unchanged at 20.2GB/ month. Voice minutes were up 2% q-o-q, with minutes of usage (MoU) on network the highest among peers at 1,094min/month. Bharti added further 8,621 network towers and 18.7k mobile broadband stations in Q3.

Growth across segments

Homes revenue grew 2% sequentially to Rs 1,030 crore and was 2% above our estimate; on a y-o-y basis, revenue grew sharply by 30%. Net adds remained robust at 432k with EoP subscriber base of 5.64 million subscribers, driven by increased presence and coverage expansion to 1,160 cities, benefiting from local cable operator (LCO) tie-ups. Reported ARPU declined 3% sequentially to Rs 624.

Airtel Business (B2B) revenues increased at a healthy pace of 2% q-o-q to Rs 4780 crore, in line with our estimate, benefiting from robust growth for its top 50 accounts. Ebitda at Rs 1,900 crore increased 5% q-o-q and was modestly above our estimate, with a 100bp increase in margins. Bharti remains the market leader in the enterprise segment.

Also read: Market Outlook: Nifty, Sensex end down, sentiment sours as MSCI cut Adani shares weightage; CPI, US Fed eyed

DTH/Digital TV services Ebitda declined 5% q-o-q to Rs 410 crore (-22% y-o-y), with margins declining 380bp, as ARPU remained broadly unchanged at Rs 154, while net adds grew by 214k subscribers to a base of 15.9million subscribers.

Africa revenue increased 6% sequentially and was up 22% y-o-y to Rs 11,090 crore on a strong net adds of 3.8million to a base of 138.5million subscribers. Reported ARPU for Africa business was steady at $3.1 with a monthly churn of 4.2%. Consolidated capex increased sharply to Rs 9,300 crore in QFY23 from Rs 7,050 crore in Q3, reflecting higher spending on rural and 5G rollout. Reported capex as of 9MFY23 was Rs 22,800 crore versus Rs 19,700 crore in 9MFY22.

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Nov 16, 2022
Anupgarh Rajasthan Assembly Constituency Election 2023: Date of Result, Voting, Counting; Candidates

Anupgarh RJ Assembly Election 2023 Details: The election for Anupgarh Assembly Constituency in Rajasthan will be held on November 25 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 Anupgarh Constituency Assembly Election 2023 that you should know.

Anupgarh Constituency Rajasthan Assembly Election 2023: Voting Date

November 25 is the date of voting for the Anupgarh Assembly Constituency Election 2023 as announced by the Election Commission of India.

Anupgarh Constituency Rajasthan Election 2023: Candidates List

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

Why Anupgarh Constituency Assembly Election 2023 is Important

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

Anupgarh Constituency RJ Election Result: What happened in 2018

Santosh of the Bharatiya Janata Party was the winning candidate from the Anupgarh constituency in the RJ Assembly elections 2018, securing 79383 votes while 58259 votes were polled in favour of Kuldeep Indora of the Indian National Congress. The margin of victory was 21124 votes.

2018 Anupgarh Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesSantoshBharatiya Janata Party79383

Candidate List Party Name Votes Gained (Vote %) Santosh Bharatiya Janata Party 79383 (43.3%) Kuldeep Indora Indian National Congress 58259 (31.78%) Shimla Devi Nayak Independent 21666 (11.82%) Pawan Kumar Duggal Communist Party Of India (marxist) 17688 (9.65%) None Of The Above None Of The Above 3009 (1.64%) Shankar Lal Bahujan Samaj Party 1522 (0.83%) Jagdish Aam Aadmi Party 1070 (0.58%) Banwari 726 (0.4%)

Anupgarh Constituency RJ Election Result: What happened in 2013

Shimla Bawri of the Bharatiya Janata Party was the winning candidate from the Anupgarh constituency in the RJ Assembly elections 2013, securing 51145 votes while 39999 votes were polled in favour of Shimla Devi Nayak of the National Unionist Zamindara Party. The margin of victory was 11146 votes.

2013 Anupgarh Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesShimla BawriBharatiya Janata Party51145

Candidate List Party Name Votes Gained (Vote %) Shimla Bawri Bharatiya Janata Party 51145 (32.61%) Shimla Devi Nayak National Unionist Zamindara Party 39999 (25.5%) Pawan Kumar Duggal Communist Party Of India (marxist) 37827 (24.12%) Hariram Indian National Congress 12305 (7.85%) Harish Sanwaria Bahujan Samaj Party 6886 (4.39%) None Of The Above None Of The Above 4046 (2.58%) Dularam Nationalist Congress Party 1442 (0.92%) Rajesh Kumar Megh Desham Party 1065 (0.68%) Bagga Singh National People’s Party 888 (0.57%) Aduram Rajasthan Vikas Party 636 (0.41%) Kuldeep Kour S D Bahujan Sangharshh Dal 611 (0.39%)

Anupgarh Constituency RJ Election Result: What happened in 2008

Pawan Kumar Duggal of the CPM was the winning candidate from the Anupgarh constituency in the RJ Assembly elections 2008, securing 48467 votes while 26897 votes were polled in favour of Kuldeep Indora of the INC. The margin of victory was 21570 votes.

2008 Anupgarh Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesPawan Kumar DuggalCPM48467

Candidate List Party Name Votes Gained (Vote %) Pawan Kumar Duggal CPM 48467 (37.33%) Kuldeep Indora INC 26897 (20.72%) Harnek Singh Kaler BJP 25065 (19.31%) Pat Ram Bawri IND 14983 (11.54%) Jeet Singh Adiwal BSP 9984 (7.69%) Bahadur Ram IND 2233 (1.72%) Kisan Lal JGP 875 (0.67%) Bagga Singh Chohan IND 707 (0.54%) Het Ram RJVP 606 (0.47%)

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Nov 15, 2022
Nifty to surpass 18,100 or correction on cards? 7 things to know before share market opens today

Indian benchmark indices are likely to open on a negative note, hinted SGX Nifty. On the Singapore Exchange, Nifty futures were in the red at 17,968 level. In the previous session, Sensex closed above 61,300 and the Nifty settled above 18,000. “Markets ended higher for the third straight day but ended off the day’s high as profit booking towards the close in banking stocks trimmed the gains. Investors preferred to stay on the sidelines after the US 2-year yield jumped to 4.632% while the 10-year yield was last pegged at 3.811%,” said Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities.

Key things to know before share market opens

Wall Street Overnight

Wall Street fell by the most in four weeks as further data proved that inflation is stickier than expected.The S&P 500 dropped 1.4% after a report said inflation at the wholesale level slowed by less last month than previously forecasted. The Dow Jones Industrial Average lost 431 points, or 1.3%, while the Nasdaq composite dropped 1.8%.

Technical Levels

“A small negative candle was formed on the daily chart, which indicates an emergence of minor weakness from the highs. This pattern also signals a formation of bearish counterattack type candle pattern (not a classical one). But this needs to be confirmed with sizable weakness in the subsequent sessions. The short-term uptrend status of Nifty remains intact and the market has started to face hurdles from near the highs of around 18,150-18,200 levels. Further decline from here could trigger minor weakness for the short term and a sustainable move above 18,150 levels could open more upside towards 18,250 levels,” said Najraj Shetti, Technical Research Analyst, HDFC Securities.

Levels To Watch

“Volume profile indicates Index has a strong support around 17,750-17,820 zone. Coming to the OI Data, on the call side, the highest OI observed at 18,100 followed by 18,200 strike prices while on the put side, the highest OI was at 17,800 strike price. On the other hand, Bank nifty has support at 40,800-40,900 while resistance is placed at 42,000-42,100 range. We advise traders to keep booking profits and trailing stop losses. Also option traders are advised to hedge their trades,” said Om Mehra, Equity Research Analyst, Choice Broking.

Crude Oil

Oil prices slid on Friday and were on track for weekly losses as strong U.S. economic data heightened concern that the Federal Reserve will continue tight monetary policy to tackle inflation, which could hit fuel demand even as crude stockpiles grow. Brent crude futures dropped 49 cents, or 0.6%, to $84.65 per barrel, while U.S. West Texas Intermediate (WTI) crude futures shed 46 cents, also a 0.6% loss, to $78.03. Both benchmarks were headed for a weekly decline of about 2%.

FII/DII Data

Foreign institutional investors (FII) bought shares worth Rs 1,570.62 crore, while domestic institutional investors (DII) purchased shares worth Rs 1,577.27 crore on 16 February, according to the provisional data available on NSE.

F&O Ban

The National Stock Exchange has BHEL, Punjab National Bank (PNB), Ambuja Cements and Indiabulls Housing Finance stocks on its F&O ban list for 16 February. According to the NSE, the stocks mentioned above are prohibited in the F&O sector because they have exceeded 95% of the market-wide position limit (MWPL). During the F&O ban period, no new positions are permitted for F&O contracts in that stock.

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Nov 15, 2022
Gold: closed in red for the second straight week

By Jigar Trivedi

Gold weakened past $1,860 an ounce on Friday and set to decline for the second straight week, weighed down by hawkish signals from Federal Reserve officials who reiterated their commitment to bring down inflation with more rate increases. Those developments came on the heels of stronger-than-expected US jobs numbers which could fuel consumer spending that would maintain upward pressure on inflation.

MCX Gold April has a strong support near Rs. 56,000 and 55,400 per 10 gram. On flip side a strong resistance is seen near Rs. 57,500 per 10 gram. Outlook is positive however, the focus will be on the US inflation numbers hence expect a volatile session.

(Jigar Trivedi, Senior Research Analyst – Currencies & Commodities, Reliance Securities. Views expressed are author’s own.)

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Nov 15, 2022
Markets Wrap – Mon, 20 Feb ‘23: Nifty, Sensex plunge, rupee rises; Asia, US markets, Gold, Crude updates

Indian equity indices ended Monday’s choppy session in the red territory. The Nifty closed below 17,850 and Sensex settled below 60,700. The top gainers on the BSE Sensex were UltraTech Cement (up 1.58%), Tech Mahindra (up 1.45%), Power Grid (up 0.75%), Infosys (up 0.73%) and Tata Motors (up 0.63%) while Maruti (down 1.37%), HDFC (down 1.36%), Kotak Bank (down 1.28%), ICICI Bank (down 1.18%) and Axis Bank (down 1.09%) were the losers.

US Markets

Most US equity indices ended Friday’s session in the red territory with tech-heavy Nasdaq falling 69.56 pts or 0.56% to 11,787.27, S&P 500 dipping 11.32 or 0.28% to 4,079.09 while Dow Jones Industrial Average rose 129.84 pts or 0.39% to 33,826.69.

Asian Markets

Asian markets closed in green on Monday. China’s Shanghai Composite Index rose 2.06%, Japan’s Nikkei 225 was up 0.07%, South Korea’s KOSPI climbed almost 0.16% and Hong Kong’s Hang Seng advanced 0.86%.

Rupee movement

The Indian rupee gained marginally by 0.12% to 82.73 against the US dollar at 3:45 PM (IST).

Gold, Silver

Gold futures on the multi-commodity exchange for April delivery were trading at Rs 56,293.00, up 36 points or 0.06% while Silver futures for March delivery rose 106 points or 0.16% to Rs 65,737.00.

Crude oil

WTI Crude futures for March delivery were up 1% at $77.10 while Brent Crude futures for March delivery were trading 0.78% higher at $83.65 at 3:50 PM (IST).

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