Monthly Archives: January 2023

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Jan 31, 2023
Kathumar Rajasthan Assembly Constituency Election 2023: Date of Result, Voting, Counting; Candidates

As anticipation mounts for the upcoming Kathumar Constituency Election in Rajasthan, 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 Kathumar Constituency Assembly Election 2023 that every voter should be aware of.

Kathumar Constituency Rajasthan Assembly Election 2023: Voting Date

The voting date for the Kathumar Assembly Constituency Election 2023 has been officially announced by the Election Commission. As per the ECI, Kathumar Assembly Constituency will go to polls on November 25. Stay tuned for updates as we bring you the latest information.

Kathumar Rajasthan Election 2023: Candidates

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

Kathumar Constituency RJ Election Result: What happened in 2018

Babulal from Kathumar of Rajasthan, won the seat with 54110 votes. He defeated Bharatiya Janata Party’ Babulal Manager who had polled 39942 votes. The winning margin was 14168 votes.

2018 Kathumar Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesBabulalIndian National Congress54110

Candidate List Party Name Votes Gained (Vote %) Babulal Indian National Congress 54110 (37.16%) Babulal Manager Bharatiya Janata Party 39942 (27.43%) Ramesh Khinchi Independent 32916 (22.6%) Narsee Kumar Kirid Rashtriya Loktantrik Party 10846 (7.45%) Iswar Singh Bahujan Samaj Party 2332 (1.6%) Roop Narain Nagar Independent 1626 (1.12%) Babulal Independent 1304 (0.9%) None Of The Above None Of The Above 1071 (0.74%) Monu Ram Koli Bharatiya Rashtravadi Samanta Party 628 (0.43%) Girvar Singh Bharatiya Yuva Shakti 615 (0.42%) Vinod 232 (0.16%)

Kathumar Constituency RJ Election Result: What happened in 2013

In the Rajasthan Assembly election of 2013, Mangal Ram won from the Kathumar seat garnering 53483 votes and defeated Indian National Congress candidate Ramesh Khinchi who bagged 37753 votes. The candidate who came third was National People’s Party’ Babulal Bairwa.

Mangal Ram got 53483 votes while Ramesh Khinchi got 37753 votes.

2013 Kathumar Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesMangal RamBharatiya Janata Party53483

Candidate List Party Name Votes Gained (Vote %) Mangal Ram Bharatiya Janata Party 53483 (39.93%) Ramesh Khinchi Indian National Congress 37753 (28.18%) Babulal Bairwa National People’s Party 31318 (23.38%) Kamla Bodh Bahujan Samaj Party 4837 (3.61%) Khubi Independent 1029 (0.77%) Babulal S/o Natthu Independent 988 (0.74%) Geeta Independent 701 (0.52%) Gaya Lal Bharatiya Bahujan Party 668 (0.5%) Babulal S/o Kajodaram Jago Party 598 (0.45%) None Of The Above None Of The Above 573 (0.43%) Subhash Independent 487 (0.36%) Jayram Bharatiya Yuva Shakti 404 (0.3%) Pinki Devi Independent 362 (0.27%) Sanjay Samajwadi Party 270 (0.2%) Sita Ram Koli Lok Jan Shakti Party 196 (0.15%) Rohitashva Kumar Rashtriya Lok Dal 162 (0.12%) Manju Verma Indian Peoples Green Party 129 (0.1%)

Kathumar Constituency RJ Election Result: What happened in 2008

Babu Lal of the BJP was the winning candidate from the Kathumar constituency in the RJ Assembly elections 2008, securing 49572 votes while 47879 votes were polled in favour of Ramesh Khinchi of the INC. The margin of victory was 1693 votes.

2008 Kathumar Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesBabu LalBJP49572

Candidate List Party Name Votes Gained (Vote %) Babu Lal BJP 49572 (45.98%) Ramesh Khinchi INC 47879 (44.41%) Banni Ram BSP 4622 (4.29%) Sampat Singh IND 2777 (2.58%) Savitri IND 893 (0.83%) Pratap Singh RJVP 745 (0.69%) Prem Gopal Koli IND 625 (0.58%) Sita Ram Koli RLD 313 (0.29%) Mahendra Kumar LJP 250 (0.23%) Laxman Singh RKSP 141 (0.13%)

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Jan 30, 2023
Bali Rajasthan Assembly Constituency Election 2023: Date of Result, Voting, Counting; Candidates

Bali RJ Assembly Election 2023 Details: The election for Bali 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 Bali Constituency Assembly Election 2023 that you should know.

Bali Constituency Rajasthan Assembly Election 2023: Voting Date

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

Bali Constituency Rajasthan Election 2023: Candidates List

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

Why Bali Constituency Assembly Election 2023 is Important

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

Bali Constituency RJ Election Result: What happened in 2018

Pushpendra Singh of the Bharatiya Janata Party was the winning candidate from the Bali constituency in the RJ Assembly elections 2018, securing 96238 votes while 68051 votes were polled in favour of Ummed Singh of the Nationalist Congress Party. The margin of victory was 28187 votes.

2018 Bali Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesPushpendra SinghBharatiya Janata Party96238

Candidate List Party Name Votes Gained (Vote %) Pushpendra Singh Bharatiya Janata Party 96238 (49%) Ummed Singh Nationalist Congress Party 68051 (34.65%) Rajugiri Ji Bharat Vahini Party 5616 (2.86%) Indu Choudhary Independent 5414 (2.76%) None Of The Above None Of The Above 5334 (2.72%) Shailesh Kumar Mousalpuriya Independent 3479 (1.77%) Jaipal Singh Independent 3270 (1.66%) Mahendra Kumar Abhinav Rajasthan Party 2920 (1.49%) Danaram Meena Bahujan Samaj Party 2796 (1.42%) Surendra Singh Independent 1723 (0.88%) Khartaram Independent 783 (0.4%) Hariram Rashtriya Samaj Paksha 775 (0.39%)

Bali Constituency RJ Election Result: What happened in 2013

Pushapendra Singh of the Bharatiya Janata Party was the winning candidate from the Bali constituency in the RJ Assembly elections 2013, securing 92454 votes while 72866 votes were polled in favour of Ratan Lal Choudhary of the Indian National Congress. The margin of victory was 19588 votes.

2013 Bali Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesPushapendra SinghBharatiya Janata Party92454

Candidate List Party Name Votes Gained (Vote %) Pushapendra Singh Bharatiya Janata Party 92454 (51.32%) Ratan Lal Choudhary Indian National Congress 72866 (40.45%) None Of The Above None Of The Above 3623 (2.01%) Gajendra Singh Independent 2799 (1.55%) Amara Ram Megh Desham Party 2411 (1.34%) Mehbub Ali Bahujan Samaj Party 2407 (1.34%) Sohan Bharatiya Yuva Shakti 1770 (0.98%) Raju Shah National People’s Party 1113 (0.62%) Mohan Singh Shivsena 711 (0.39%)

Bali Constituency RJ Election Result: What happened in 2008

Pushpendra Singh of the BJP was the winning candidate from the Bali constituency in the RJ Assembly elections 2008, securing 61229 votes while 40483 votes were polled in favour of Jaisingh of the INC. The margin of victory was 20746 votes.

2008 Bali Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesPushpendra SinghBJP61229

Candidate List Party Name Votes Gained (Vote %) Pushpendra Singh BJP 61229 (42.44%) Jaisingh INC 40483 (28.06%) Ratanlal Choudhary IND 25819 (17.89%) Shripal IND 3839 (2.66%) Jagdish Kumar BSP 2629 (1.82%) Hemraj Rawal IND 2225 (1.54%) Chandra Shaekhar LKPT 1990 (1.38%) Prakash T Kansara IND 1824 (1.26%) Heeraram IND 1363 (0.94%) Vijay Singh IND 875 (0.61%) Hansaram Meena IND 820 (0.57%) Juharmal SHS 598 (0.41%) Dalpat Singh IND 594 (0.41%)

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Jan 30, 2023
Adani stocks rout: Country’s regulators are seized of matter, says FM Nirmala Sitharaman

A day after the Supreme Court sought a report from the government by Monday on whether the country’s capital markets regulations need strengthening in the wake of the crash of the Adani Group stocks, finance minister Nirmala Sitharaman on Saturday reiterated that India’s regulators are ‘very experienced’ and are ‘fairly seized’ of the matter.

The minister was responding to a question on the apex court observations while hearing public interest litigations (PILs) alleging exploitation of investors and ‘artificial crashing’ of the stocks.

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An SC bench headed by Chief Justice DY Chandrachud had, on Friday, enquired whether the finance ministry or other departments concerned were contemplating a ‘robust mechanism’ to protect investors from such market volatility, even as it said the government might not be required to brief the court of the ‘deficiencies’. The court also issued a similar direction to the Securities and Exchange Board of India (Sebi).

The Adani Group stocks have been seeing a meltdown after US-based short-seller Hindenburg Research made a slew of allegations in a report, including fraudulent transactions and stock manipulations by the group.

Solicitor-general Tushar Mehta told the apex court on Friday that the market regulator was “on top of the matter”.

Addressing reporters after her customary post-Budget address to the RBI’s board, Sitharaman asserted that with the changes in slabs proposed in the Budget, the exemption-free personal income tax regime will benefit the middle class as it will leave more money in their hands.

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It is not necessary to induce individuals to invest through government schemes but give them an opportunity to make a personal decision regarding investments, she said.

In the Budget, the minister proposed to extend the `50,000 standard deduction benefit to persons opting for the new tax regime.

On regulating crypto assets, she said India is in discussion with G20 nations for designing a common framework.

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Jan 30, 2023
Asia stocks fall, dollar stands firm after sticky US CPI

Asian stocks slipped while the U.S. dollar was steadfast on Wednesday, following U.S. inflation data and remarks from central bank officials that have investors worrying interest rates are going to be higher for longer. Headline U.S. CPI came in at 6.4% year-on-year for January, a bit higher than the 6.2% economists had expected, setting off selling in the bond market and Fed funds futures as hopes that rates could be cut later this year grow dimmer and dimmer.

Fed funds futures now imply a peak above 5.2% by mid-year and rates above 5% at year’s end. Two-year Treasury yields, which rise when prices fall, climbed nearly nine basis points in New York trade to 4.611%, widening their premium over 10-year rates – an unusual phenomenon that reliably signals recession.

“If I combine this earlier (U.S.) Fed rhetoric trying to keep the rates higher for longer and the recent CPI number…then it seems likely that there should be some degree of moderation in the equity markets, both developed markets and Asian markets,” said Manishi Raychaudhuri, head of Asia Pacific equity research at BNP Paribas. He said the dollar might also regain some strength over emerging market currencies, helped by the prospect of U.S. rates staying elevated.

The dollar touched a six-week high of 133.30 Japanese yen overnight and hovered at 132.80 yen on Wednesday. It had a bumpier ride against other currencies following the CPI data, but seems to be pausing following a January slide.The dollar index was steady at 103.32. The Australian dollar eased a bit to $0.6959 even as central bank Governor Philip Lowe said rates would need to rise further to contain inflation in remarks to a parliamentary committee.

Oil prices fell as traders worried about mounting supplies and weakening demand. U.S. crude dipped 0.46% to $78.70 a barrel. Brent crude settled down 1.19% to $85.58 per barrel. Gold was slightly higher. Spot gold traded at $1,854.92 per ounce. Bitcoin clung to an overnight bounce at $22,114.

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Jan 29, 2023
FII DII data: FPI bought shares worth Rs 432.15 crore, DII purchased shares worth Rs 516.64 crore on Feb 15

Foreign institutional investors (FII) bought shares worth a net Rs 432.15 crore while domestic institutional investors (DII) purchased shares worth a net Rs 516.64 crore on Wednesday, February 15, 2023, according to the data available on NSE. For the month till February 15, FIIs sold shares worth a net Rs 2,354.37 crore while DIIs bought shares worth a net Rs 7,696.17 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.

“Nifty has given a falling channel breakout on the daily timeframe, suggesting a bullish reversal of the price trend. The trend looks positive now for the near term, with the 14 DMA sitting below price. The momentum indicator RSI is in support of the price trend, with a current reading above 50. Over the near term, the index may move up towards 18350–18400. On the lower end, support is placed at 17950,” said Rupak De, Senior Technical Analyst at LKP Securities.

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Jan 29, 2023
Crude oil heads for weekly loss awaiting China recovery signs

Oil prices made modest gains in early trade on Friday but were heading for a second straight week of losses, as the market looked for more signs of a strong recovery in fuel demand in China to offset looming slumps in other major economies. Brent crude futures rose 16 cents, or 0.2%, to $82.33 a barrel at 0110 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 18 cents, or 0.2%, to $76.06 a barrel.

So far this week, Brent has dropped by 4.8%, extending a 1.1% loss from the previous week. WTI has fallen by 4.5% after sliding 2% in the prior week. Mixed signs of a fuel demand recovery in China, the world’s top oil importer, have kept a lid on the market. ANZ analysts pointed to a sharp jump in traffic in China’s 15 largest cities following the Lunar New Year holiday, but also noted that Chinese traders had been “relatively absent” from markets.

While supported by a weaker greenback, oil’s gains have been limited by the prospect of slow growth in the United States, the world’s biggest oil consumer, and recessions in places including Britain, Europe, Japan and Canada.

“The crude demand outlook needs a clear sign that China’s reopening will be smooth, and that the U.S. economic growth momentum does not deteriorate quickly,” OANDA analyst Edward Moya said in a note.

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Jan 28, 2023
F&O expiry: Nifty to trade flat-to-negative, use Long Strangle strategy for gains; Bank Nifty support at 34000

By Rajesh Palviya

In Nifty current series there has been a Long Unwinding witnessed with decrease in price of -2.95% and decrease in OI by -2% as on today wherein there was shedding of 1.51 lakh shares in OI, decreasing from 85.15 lakh to 83.64 lakh shares. Nifty current month rollover stands at 30.45% as of Wednesday, with Nifty Put Call Ratio, a sentiment indicator used by traders to gauge the market sentiment and mood, is currently at 0.87 compared to 0.75 of last week, indicating a flat-to-negative movement for expiry.

In WEEKLY options there was Call writing seen at 16,500 strike followed by 16,400 & 16,300 while on the Put side noticeable activity of writing was witnessed in 16,000 ,16,200 & 16,100 strike prices. Options data suggest an immediate trading range between 16,500 and 16,000 levels.

Nifty Open Interest Concentration

Nifty Option OI Change

Nifty Bank Outlook 

In current series there has been a Long Unwinding witnessed in Bank Nifty Fut with an decrease in price of -6.37% and decrease in OI by -3.05% as on Wednesday wherein there was shedding of 0.77 lakh shares in OI, decreasing from 25.20 lakh to 24.43 lakh shares. Bank Nifty Current series rollover stands at 15.41% as of Wednesday, while Bank Nifty Put Call Ratio is currently at 0.83 compared to 0.67 of last week indicating flat-to-negative movement for expiry.

Bank Nifty Put options OI distribution shows that 33,000 has highest OI concentration followed by 34,000 & 33,500 which may act as support for current expiry and on the Call front 34,500 followed by 35,000 & 35,500 witnessed significant OI concentration and may act as resistance.

In WEEKLY options Call writing seen at 34,500, 34,600 & 35,000 strike while on the put side it was seen at 34,000 , 34,200 & 33,500 Options data indicated an immediate trading range between 35,000 and 33,500 levels.

Bank Nifty Open Interest Concentration

Bank Nifty Option OI Change

Nifty 50 index trading strategy for monthly F&O expiry

Markets during May expiry are likely to make a wide move in either of the directions with increased Implied volatility which means increased option value, and to take advantage of the same we are suggesting a market-neutral strategy called Long Strangle for monthly expiry at 26th May 2022.This strategy involves buying of (OTM) 16250 CALL & 16200 PUT one lot each having premium of 180 & 181 respectively making a total premium outflow of Rs 18,050 (361 points). As it’s a debit spread, from profit perspective this strategy can generate theoretically unlimited profit while the loss is restricted to total premium paid if Nifty closes near the long options on expiry; however once Nifty breaches the upper breakeven level of 16,611 or the lower breakeven level of 15,839 and sustains on either side then the profit can be unlimited. It’s advisable to maintain a combine premium (i.e add premium of call + put together) stop loss of 150-160 points so that if Nifty doesn’t make a strong move then losses can be curtailed by following the above mentioned stop loss or else Traders as per there risk appetite can even hold till expiry.

(Rajesh Palviya, VP – Research (Head Technical and Derivative) at Axis Securities. Views expressed are the author’s own.)

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Jan 28, 2023
Markets Wrap – Mon, 6 Feb ‘23: Stocks tank, rupee falls; Asia, Europe markets, Gold, Crude, Crypto updates

Domestic indices ended Monday’s session in the red territory. The trade remained choppy during the day, the Sensex settled below 60,510 and Nifty 50 below 17,770. The top gainers of the BSE Sensex were IndusInd Bank (up 2.58%), Bajaj Finance (up 1.56%), Power Grid (up 1.05%), ITC (up 0.74%) and Bajaj Finserv (up 0.41%) while Tata Steel (down 2.08%), Kotak Bank (down 1.87%), Infosys (down 1.79%), ICICI Bank (down 1.18%) and Mahindra & Mahindra (down 1.15%) were the losers.

Asian Markets

Asian markets closed broadly lower on Monday. China’s Shanghai Composite Index fell 24.71 pts or 0.76% to 3,238.70, Hong Kong’s Hang Seng dropped 438.31 or 2.02% to 21,222.16 and South Korea’s KOSPI dipped 42.21 or 1.70% to 2,438.19 while Japan’s Nikkei 225 rose 184.19 or 0.67% to 27,693.65.

European Markets

European markets were trading mostly in red. England’s FTSE100 was trading at 7,836.77, up 16.61 points or 0.21% at 3:20 PM (IST). Europe’s Euronext100 was down 2.74 points or 0.20% at 1,341.12. France’s CAC was trading 18.42 points or 0.27% lower at 7,147.85. Germany’s DAX was down 170.79 points or 1.10% at 15,338.40.

US Markets

The US equity market closed Friday’s session in the red. The Dow Jones Industrial Average (DJIA) fell 127.93 or 0.38% to 33,926.01, S&P 500 dropped 43.28 pts or 1.04% to 4,136.48 and the Nasdaq Composite index dipped 193.86 pts or 1.59% to 12,006.95.

Rupee movement

The Indian rupee depreciated 1.08% to 82.72 against the US dollar at 3:20 PM (IST).

Gold, Silver

Gold futures on the multi-commodity exchange for April delivery were trading at Rs 57,000.00 up 415 points or 0.73% while Silver futures for March delivery were up 213 points or 0.32% at Rs 67,789.00 at 3:25 PM (IST).

Crude oil

WTI Crude futures for February delivery were down 0.1% at $73.32 while Brent Crude futures for March delivery were trading 0.21% higher at $80.11 at 3:25 PM (IST).

Cryptocurrency

Bitcoin (BTC) at 3:25 PM (IST) was trading at $22,850.77, down by 2.28% in the last 24 hours. Its total market cap is $440,643,680,761. Ethereum (ETH) was trading at $1,631.58, down by 2.15% in the last 24 hours. It has a total market cap of $199,638,616,801.

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Jan 26, 2023
FII DII data: FPI sold shares worth Rs 2559.96 crore, DII bought shares worth Rs 639.82 crore on Feb 7

Foreign institutional investors (FII) sold shares worth a net Rs 2559.96 crore while domestic institutional investors (DII) bought shares worth a net Rs 639.82 crore on Tuesday, February 7, 2023, according to the data available on NSE. For the month till February 7, FIIs sold shares worth a net Rs 5,990.68 crore while DIIs bought shares worth a net Rs 6,008.48 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 MPC is likely to raise policy rates by 25 bp today. This is known to the market and is unlikely to have any meaningful impact on the market. The important trends impacting markets globally are the developments in the US economy and rate action by the Fed. The unabated FII selling – Rs 7774 crores in the last 3 sessions- is the biggest drag on the market now. In this context, traders will also use rallies to sell. What investors should do now is to buy high-quality stocks in growth segments like banking, IT, capital goods, telecom and cement and bottom-up investing across sectors. Patient investing now will fetch impressive returns in the medium to long term,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

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Jan 24, 2023
Gold jumps Rs 335; silver climbs Rs 516

Gold price jumped Rs 335 to Rs 57,463 per 10 gram in the national capital on Wednesday amid a rally in yellow metal prices internationally, according to HDFC Securities.

The precious metal had settled at Rs 57,128 per 10 gram in the previous trade.

“Spot gold prices in the Delhi markets traded at Rs 57,463 per 10 gram, up Rs 335 per 10 gram,” Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said.

In the overseas market, both gold and silver were trading higher at USD 1,880 per ounce and USD 22.45 per ounce, respectively.

Comex gold prices moved up in the Asian trading hours on Wednesday, Gandhi said.

“Gold prices steadied following mixed signals on monetary policy from the US Fed Governor Jerome Powell, which reiterated that the central bank may need to raise interest rates further due to strength in the labour market and elevated inflation,” Navneet Damani, Senior VP – Commodity Research at Motilal Oswal Financial Services, said.

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