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May 1, 2024
PIL in SC seeks prosecution of short sellers for ‘artificial’ crashing of Adani Group’s stock value

A PIL has been filed in the Supreme Court, seeking the prosecution of short seller Nathan Anderson of US-based firm Hindenburg Research and his associates in India and the US, for allegedly exploiting innocent investors and the “artificial crashing” of the Adani Group‘s stock value in the market.

Hindenburg engages in activist short selling, which involves selling borrowed stocks with the hope of buying the same at a lower price later. If the prices fall on the expected lines, the short sellers make a killing.

The investment research firm, which invests its own capital, takes such bets based on its research, which looks for “man-made disasters” such as accounting irregularities, mismanagement and undisclosed related-party transactions.

The public interest litigation (PIL) matter filed by advocate ML Sharma also seeks directions for declaring short selling an offence of fraud against the investors, to be prosecutable under section 420 (cheating) of the Indian Penal Code (IPC), read with the provisions of the SEBI Act.

Sharma told PTI that his PIL has been registered and numbered by the apex court registry.

The PIL seeks the court’s directions for the registration of an FIR, recovery of the short sellers’ turnover, their prosecution to protect the citizens of India and further action against them for “duping the Indian share market and innocent investors for their vested interest to provide complete justice”.

In his petition, Sharma has said being the regulatory body in the stock and commodity market, the Securities and Exchange Board of India (SEBI) is responsible for a control over the share market and the suspension of trading in which stocks have been oversold or they did a short sale.

Also Read: Gautam Adani no longer among world’s top 20 richest people as Adani Group sheds $108 billion in market value

According to the PIL, the cause to file the petition arose to the petitioner on January 25, when despite having prior information, the SEBI did not suspend trading qua the Adani Group shares and allowed the short sellers to crash the share market artificially and square up their short-selling position at the lowest rate by “butchering/exploiting” innocent Indian investors in violation of laws.

The shares of Adani Group firms continued to remain weak for the seventh day running on Friday amid a host of negative events surrounding the companies. The stocks of Adani Enterprises tumbled 20 per cent to Rs 1,173.55, the lowest in a year, on the Bombay Stock Exchange (BSE).

The Adani Group stocks have taken a beating on the bourses after Hindenburg Research made a litany of allegations in a report, including fraudulent transactions and share-price manipulation, against the business conglomerate led by industrialist Gautam Adani.

The Adani Group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements.

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May 1, 2024
Share Market Highlights: Nifty gains almost 160 pts, Sensex reclaims 61000 at close; Adani Ent shares jump 9%

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian equity indices closed in the green territory on Tuesday. The BSE Sensex rose 600 pts or 0.99% to 61,032 and NSE Nifty 50 jumped 159 pts or 0.89% to 17,929. Adani Enterprises shares jumped 9% before paring gains, closing 1.9% higher on positive quarterly results. The top gainers on the Sensex were ITC, Reliance, Bajaj Finance, ICICI Bank and Infosys while the top losers were NTPC, UltraTech Cement, L&T, Sun Pharma and Asian Paints.

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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates Tuesday 14 February

16:12 (IST) 14 Feb 2023 WPI hits 24 month low

“The wholesale inflation has softened to 4.73%, a 24-month low. After multiple months of double-digit and elevated inflation, the WPI eased to relief. The drop in inflation numbers is primarily attributed to a decline in the prices of food items, metals, textiles, chemicals, and chemicals products. Prices of vegetables and food items usually soften in the winter season. The ease in WPI inflation will have a positive impact on industrial product prices”

– Raheel Shah, Director at BDR Pharmaceuticals

15:34 (IST) 14 Feb 2023 Nifty, Sensex close in green

Domestic equity indices NSE Nifty and BSE Sensex close their trading session in the green. Sensex gained 0.99% or 600 points to settle at 61,032. Nifty closed at 17,930, up 0.9%.

14:52 (IST) 14 Feb 2023 Adani Enterprises shares surge 9%

Adani Enterprises shares surged 9% to Rs 1862.40 on Tuesday, within minutes after the Gautam Adani-led company reported a rise in attributable PAT to Rs 820 crore, as compared to a loss of Rs 12 crore in the same period of the previous year.

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13:41 (IST) 14 Feb 2023 Nykaa shares fall over 4%

Shares of FSN E-Commerce Ventures, which operates omnichannel beauty and fashion retailer Nykaa, fell over 4%on Tuesday after the firm reported a decline in profit for the third quarter. In initial trade, the scrip of the company declined 4.41 per cent to Rs 143.05 apiece on the BSE.

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13:20 (IST) 14 Feb 2023 IT stocks approach crucial resistance levels

“Even though Nifty IT stocks have done reasonably well compared to the other sectors mainly due to a pullback in the Nasdaq stocks, currently investors should remain cautious as IT stocks approach crucial resistance levels. Nifty IT has strong resistance at 31104 on the Daily charts. Till this resistance is broken on the Daily charts, investors should avoid fresh buy positions now and wait for support levels of 30018 & 29505 to initiate fresh buy positions.” – A R Ramachandran from Tips2trades.

13:08 (IST) 14 Feb 2023 TCS, HDFC among volume toppers

TCS, HDFC, Infosys, Tata Steel, Reliance Industries, Tata Motors are among the volume toppers on the BSE Sensex-30 index.

13:08 (IST) 14 Feb 2023 NSE 52-week lows

Alternatively, 114 stocks including Bharat Rasayan, BASF India, Venky’s (India), Polyplex Corporation, Shaily Engineering Plastics, Adani Total Gas, Indigo Paints, Adani Transmission, Excel Industries, Barbeque Nation Hospitality, Seamec, Adani Green Energy, Motilal Oswal Financial Services, Matrimony.Com, Alembic Pharmaceuticals, Paras Defence and Space Technologies, Thyrocare Technologies, Olectra Greentech, Avadh Sugar & Energy, Mangalam Organics, Clariant Chemicals (India), TV Today Network are at 52 week lows.

13:07 (IST) 14 Feb 2023 NSE 52-week highs

On the NSE Nifty, 26 stocks hit their 52 week highs including Fourth Dimension Solutions, Apar Industries, APL Apollo Tubes, Axita Cotton, Mrs. Bectors Food Specialities, Cera Sanitaryware, CG Power and Industrial Solutions, Cummins India, Chaman Lal Setia Exports, Cummins India, Focus Lighting and Fixtures, The Motor & General Finance, Sanghvi Movers, MPS among others.

13:07 (IST) 14 Feb 2023 BSE 52-week lows

On the flip side, 150 stocks fell to their 52 week lows. Aditya Birla Sun Life AMC, Adani Green Energy, Adani Transmission, AMAL, Aksharchem (India), Alembic Pharmaceuticals, Adani Total Gas, Avadh Sugar & Energy, Borosil Renewables, Bharat Rasayan, Clariant Chemicals (India), Dollar Industries, BASF India, EKI Energy Services, HLE Glascoat, Graphite India, GRM Overseas, Excel Industries, Indigo Paints, Infobeans Technologies, Kanchi Karpooram, Kamdhenu Ventures, Olectra Greentech, KSE, Matrimony.com, Polyplex Corporation and others were among these scrips.

13:01 (IST) 14 Feb 2023 BSE 52-week highs

On the BSE Sensex, 75 stocks rose to hit fresh 52 week highs. Apar Industries, Taylormade Renewables, Veerkrupa Jewellers, Waaree Renewable Technologies, Polychem, MPS, Manomay Tex India, Sanghvi Movers, SAR Auto Products, Ovobel Foods, Jindal Saw, KPT Industries, H.G. Infra Engineering, Ganesh Benzoplast, Cummins India, Cigniti Technologies, Cera Sanitaryware and many others were among those to hit these highs.

13:01 (IST) 14 Feb 2023 HCL Tech lead gains; Adani Enterprises among losers

On the NSE Nifty index, the top winners are UPL, HCL Tech, ITC, Infosys, TechM, with UPL up 3.9%. The biggest laggards are Adani Enterprises, SBI Life, Power Grid, NTPC and Sun Pharma with Adani Enterprises down 2.12%.

12:59 (IST) 14 Feb 2023 Adani stocks, RIL, SBI among most active equities

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

12:53 (IST) 14 Feb 2023 India’s WPI inflation eases to 4.73% in January

India’s wholesale price-based inflation eased for the eight consecutive month to 4.73% in January on easing prices of manufactured items, fuel and power. The WPI inflation rate was 4.95% in December 2022 and 13.68% in January 2022.

11:55 (IST) 14 Feb 2023 Nifty IT rises over 400 pts

Nifty IT index rose 428 pts or 1.41% to 30,717 in the intraday trade on Tuesday. HCL Tech led gains, rising 2.61%, followed by Infosys, LTIM, Tech Mahindra, LTTS and Wipro.

09:24 (IST) 14 Feb 2023 Top gainers/losers

The top gainers on the Sensex were Infosys, TCS, Tata Steel, Wipro and HCL Tech while the top losers were Titan, Tata Motors, IndusInd Bank, Asian Paints and Sun Pharma.

09:23 (IST) 14 Feb 2023 Nifty, Sensex open in green

The BSE Sensex rose 227.04 pts or 0.38% to 60,658.88 and NSE Nifty 50 jumped  38.50 pts or 0.22% to 17,809.40.

08:44 (IST) 14 Feb 2023 US markets end in green ahead of CPI inflation data

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.

08:40 (IST) 14 Feb 2023 Asian markets trade mixed

Asian markets were trading mixed in the early morning trade. China’s Shanghai Composite index fell 1.28 pts or 0.04% to 3,282.88, Hong Kong’s Hang Seng dropped 26.42 pts or 0.12% to 21,138.00, Japan’s Nikkei 225 rose 152.29 pts or 0.56% to 27,579.61 and South Korea’s KOSPI climbed 18.54 pts or 0.76% to 2,471.24.

08:34 (IST) 14 Feb 2023 RBI unlikely to change stance in April policy; 25 bps hike a distinct possibility now

“The January CPI inflation print at 6.5% is much ahead of our estimate of 6.1%. Much of this sharp increase in inflation is due to high cereal price inflation and partly due to an unfavourable base. However, with cereal prices staying on the upside, inflation could remain around the 5.5-6% mark in the near term. The hawkish tone of the RBI in the February policy seems justified with both headline and core inflation (at 6.4% in January) remaining sticky and elevated. The RBI is unlikely to change its stance in the April policy while a 25 bps hike is a distinct possibility now (compared to a larger probability of pause earlier).” – Suvodeep Rakshit, Senior economist at Kotak Institutional Equities.

08:30 (IST) 14 Feb 2023 Bank Nifty remains in sell-on-rise mode

“The Bank Nifty index faced selling pressure at the higher levels and failed to surpass the level of 41800. The options data indicates the resistance at 42000 where the highest open interests are built up on the call side. The index once closes above 42000 will sharp short covering towards 43000-43500 levels. The index remains in a sell-on-rise mode as long it stays below the level of 42000.” – Kunal Shah, Senior Technical Analyst at LKP Securities.

08:28 (IST) 14 Feb 2023 Nifty trend looks sideways to negative for the near term

“The Nifty has formed a bearish engulfing pattern on the daily chart as sellers outnumbered buyers during the session. On the daily chart, the index found resistance around the upper band of the falling channel, resulting in a fall towards 17700. The momentum oscillator RSI is about to enter a bearish crossover on the daily chart. The trend looks sideways to negative for the near term as the headline index failed to provide an upside breakout. On the lower end, crucial support is visible at 17650, below which Nifty may witness a significant correction.” – Rupak De, Senior Technical Analyst at LKP Securities.

08:26 (IST) 14 Feb 2023 Adani Enterprises Q3 results today

Adani Enterprises, the flagship entity of Adani Group is scheduled to report its third-quarter earnings for fiscal 2023 today, on Tuesday, February 14. The group made headlines after US-based short-seller Hindenburg Research accused the Adani Group/family of stock manipulation and money laundering. The company’s stocks fell 50% in the aftermath of Hindenburg’s report, losing over Rs 9 lakh crore in market capitalisation in just a few days.

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08:23 (IST) 14 Feb 2023 CPI inflation jumps to 3-month high after falling 3 months in a row

India’s CPI inflation took a spooky U-turn in January, jumping to a 3-month high of 6.52% after falling for three months in a row, and breaching the Reserve Bank of India’s (RBI) tolerance range. The spike in retail inflation in January was mainly due to a spike in food prices, according to the Ministry of Statistics and Programme Implementation report, published on Monday. In the earlier months, the inflation rate based on the Consumer Price Index (CPI) stood at 5.72% in December and 6.01%in January 2022.

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May 1, 2024
Nifty to show strength above 16500, avoid aggressive bets in Bank Nifty; add blue chips in staggered manner

By Sameet Chavan

The Indian equity market tumbled on weekly F&O expiry day, tracking the global bourses, wherein the benchmark index NSE Nifty 50 plunged below the psychological mark of 16000 from the start of the session. The weakened macro factors have dampened the overall sentiments as we witness the relentless selling pressure in the equities. The index concluded Thursday’s session in red with another cut of over 2.22 per cent to settle at the 15808 level on the weekly expiry.

In the F&O space, we saw the addition of a few shorts in Nifty and long unwinding in the banking index. Stronger hands continue to curb liquidity in the Indian equity market and added bearish bets in index and stock futures segment. In the index options front, we saw build-up in 15800-16000 put strikes. On the other hand, 15800-16200 call strikes added fresh build-up in the coming weekly series.

Overall global weakness has poured in complete water on yesterday’s promise the banking stocks had left us with. But not to surprise, this is the perfect characteristic of a downtrend. Both Nifty and Nifty Bank have now approached their critical levels, so it would be interesting to see whether the oversold market decides to rebound first or continue to be with the recent trend. As far as levels are concerned, 34000 – 34500 has now become a sturdy wall; whereas a sustainable move below 33200 – 33000 would lead to some panic kind of situation in this space. One should avoid trading aggressively on both sides; because we tend to see a lot of whipsaws in such situations.

The ongoing rampage is due to the global macro factors, hence any improvement from the overseas market should act as a catalyst for the bulls. Technically, the bearish formation would only get discarded above the mentioned resistance zone. Until that time, one should remain cautious and keep close track of global and domestic developments. Also, traders are advised to avoid aggressive bets and look for stock-specific action, while investors could now seize this opportunity by initiating accumulation in good blue-chip companies but in a staggered manner.

(Sameet Chavan is a Chief Analyst-Technical and Derivatives at Angel One. Views expressed are the author’s own. Please consult your financial advisor before investing.)

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Apr 29, 2024
What is Adani Enterprises stock’s fair value? Aswath Damodaran explains: ‘too high but no direct manipulation’

Days after US-based short-seller Hindenberg Research alleged stock manipulation in Adani group stocks, putting an 85% downside target, valuation guru Aswath Damodaran said that “it is possible that Hindenburg was indulging in hyperbole.” Damodaran, Professor of Finance at the Stern School of Business at New York University said that the share price of Adani Enterprises was overstretched when it was valued at $53 billion. The stock “with upbeat assumptions on revenue growth and operating margins, and without factoring any of the Hindenburg accusations of fraud and malfeasance, yields a value of just about Rs 947 per share, well below the stock price of Rs 3,858 per share,” he said. While the stock was definitely overvalued, Damodaran believes that Hindenburg could be “indulging in hyperbole” when it described Adani to be “the biggest con” in history.

Adani Enterprises share price on Friday touched its new 52-week low of Rs 1,017.10 apiece, but picked up momentum to close at Rs 1,584.20 apiece on BSE. The stock has plummeted by nearly 54% since 24 January which was the day Hindenburg released its report with a host of allegations on the group. According to Damodaran, even at Rs 1,531, Adani Enterprises shares are priced too high, “given its fundamentals (cash flows, growth and risk) and before factoring the damage that might have done to the company’s reputation and long term value, by this short selling episode.”

He went on today that similar movements were seen in the price to book, where the “stock has gone from trading under book value to 6.7 times book value, and the enterprise value, which was less than revenue in 2016-21 to 2.71 times revenues in the most recent two years.” Damodaran noted that the surge in pricing multiples is a feature of volatile markets. However, Adani is an infrastructure company, and the irrational exuberance that animates pricing in tech or software usually has little play in this sector.

Adani group has not manipulated stock price directly

In his blog post titled, ‘Control, Complexity and Politics: Deconstructing the Adani Affair!’, the valuation guru stated that Adani, notwithstanding all of its flaws, is a competent player in a business (infrastructure), which, especially in India, is filled with frauds and incompetents. “In sum, I am willing to believe that the Adani Group has played fast and loose with exchange listing rules, that it has used intra-party transactions to make itself look more credit-worthy than it truly is, and that even if it has not manipulated its stock price directly, it has used the surge in its market capitalization to its advantage, especially when raising fresh capital,” he said.

For the unversed,Damodaran is a highly sought-after speaker and consultant, having given presentations and lectures on valuation and corporate finance to a wide range of organizations and groups, including investment banks, private equity firms, and academic institutions. He is best known for his approach to valuation. He has written several books on the topic, including “Investment Valuation: Tools and Techniques for Determining the Value of Any Asset” and “The Dark Side of Valuation: Valuing Old Tech, New Tech, and New Economy Companies.”

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Apr 29, 2024
Lunglei West Mizoram Assembly Constituency Election 2023: Date of Result, Voting, Counting; Candidates

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

Lunglei West Constituency Mizoram Assembly Election 2023: Voting Date

The voting date for the Lunglei West Assembly Constituency Election 2023 has been officially announced by the Election Commission. As per the ECI, Lunglei West Assembly Constituency will go to polls on November 7. Stay tuned for updates as we bring you the latest information.

Lunglei West Mizoram Election 2023: Candidates

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

Lunglei West Constituency MZ Election Result: What happened in 2018

C Lalrinsanga from Lunglei West of Mizoram, won the seat with 4093 votes. He defeated Indian National Congress’ Chalrosanga Ralte who had polled 4016 votes. The winning margin was 77 votes.

2018 Lunglei West Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesC LalrinsangaMizo National Front4093

Candidate List Party Name Votes Gained (Vote %) C Lalrinsanga Mizo National Front 4093 (34.44%) Chalrosanga Ralte Indian National Congress 4016 (33.79%) Lalnuntluanga Sailo Independent 3587 (30.18%) C S Chawngchhuma Bharatiya Janata Party 142 (1.19%) None Of The Above None Of The Above 47 (0.4%)

Lunglei West Constituency MZ Election Result: What happened in 2013

In the Mizoram Assembly election of 2013, Chalrosanga Ralte won from the Lunglei West seat garnering 5174 votes and defeated Mizo National Front candidate Dr R Lalthangliana who bagged 5080 votes. The candidate who came third was Zoram Nationalist Party’ R Lalramzauva.

Chalrosanga Ralte got 5174 votes while Dr R Lalthangliana got 5080 votes.

2013 Lunglei West Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesChalrosanga RalteIndian National Congress5174

Candidate List Party Name Votes Gained (Vote %) Chalrosanga Ralte Indian National Congress 5174 (46.27%) Dr R Lalthangliana Mizo National Front 5080 (45.43%) R Lalramzauva Zoram Nationalist Party 846 (7.57%) None Of The Above None Of The Above 81 (0.72%)

Lunglei West Constituency MZ Election Result: What happened in 2008

Dr R Lalthangliana of the MNF was the winning candidate from the Lunglei West constituency in the MZ Assembly elections 2008, securing 4156 votes while 3433 votes were polled in favour of J Lawmzuala of the INC. The margin of victory was 723 votes.

2008 Lunglei West Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesDr R LalthanglianaMNF4156

Candidate List Party Name Votes Gained (Vote %) Dr R Lalthangliana MNF 4156 (40.84%) J Lawmzuala INC 3433 (33.73%) C Zokhuma MPC 2588 (25.43%)

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Apr 28, 2024
Buy these 2 stocks for gains, Nifty bearish trend may continue, support at 15650 – 15500

By Rohan Patil 

Nifty 50 continued its bearish trend last week and the sell-on-rise strategy was valid for the entire week. Prices drift for a second consecutive week with a fall of more than three and a half per cent. Nifty has fallen almost 15 per cent in the last six weeks from 18110 to 15780 levels. The Benchmark index has formed a double bottom pattern on the daily chart and the momentum oscillator RSI (14) has also drifted near its oversold (below 30) with a bearish crossover. Prices continued to trade below their (21, 50 & 100) and days exponential moving averages on the daily time frame.

The sharp and instant bounce back at current levels cannot be ruled out due to the oversold condition in the majority of the indicators. The immediate support for the Nifty is placed near 15650 – 15500 levels and the upper band of the index is capped at 16200 levels if the index is closed above the said levels then the gate for the prices is open till 16400 levels.

Bank Nifty support at 33100

Bank Nifty is trading in a lower high lower low formation and the two continuation gap created on the daily time frame is still unfilled indicating a strong bearish trend.

The Bank Nifty is trading below all its important averages (21, 50, 100) on the daily time frame and the gap between the closest moving average and price is getting widened up which indicates a probability of a short term spurt in the prices.

The oscillator on the daily chart has drifted below the oversold levels while on the weekly chart oscillator has closed at 38 levels which are close to the oversold terrain. If we draw an upward rising trend line on the weekly chart then the closest support for the Bank Nifty is placed at 33100 levels and the upper band of the index is most likely to capped near 35000 levels

Gujarat Gas: BUYTarget: Rs 607 | Stop Loss: Rs 545Return: 6.70%

After a series of lower high lower low prices consolidated for almost one month and formed a basing pattern. Prices on the daily chart have given a double bottom pattern breakout on May 12 at 567 levels.

In this overall bearish market scenario, GUJGAS has outperformed the benchmark index on the absolute basis in the relative strength analysis. Prices have also closed above their 21 & 50-day exponential moving averages on the daily interval.

The pattern breakout is on a huge increase in volumes and a wide-ranged candle. Price also gapped above the neckline. The RSI (14) has also given a horizontal trend line breakout which is placed at 50 levels. Prices are most likely to trade higher due to these multiple bullish conditions.

Coromandel International: BUYTarget: Rs 936 | Stop Loss: Rs 847Return 06%

Post the trend line breakout prices consolidated for a week and have completed its throwback near trend line support on the daily time frame.

In these throwback prices have taken support near their 21–day exponential moving average and closed successfully above the same. On the broader time frame too stock is poised to move higher as it is outperforming the Benchmark index and witnesses a higher high higher bottom formation.

(Rohan Patil is a Technical Analyst at Bonanza Portfolio. The views expressed are the author’s own. Please consult your financial advisor before investing)

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Apr 25, 2024
NSE FO ban: Adani Ports under ban on Monday, February 6, 2023

The National Stock Exchange (NSE) banned the trading in futures and options (F&O) of up to one stock/security on Monday, February 6, 2023. Adani Ports is the stock/security placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Monday. 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.

Earlier, on Friday, the total number of contracts traded in Index futures was 4,51,328 with a turnover of Rs 43,338.96 crore; while contracts traded in stock futures were 11,44,932 with a turnover of Rs 69,626.88 crore.

The stock put on the F&O ban earlier on Friday, February 3, 2023, was Ambuja Cements and Adani Ports. The domestic equity indices ended the previous session broadly in green with NSE Nifty 50 surging 243 points or 1.38% to 17,854.05 and BSE Sensex skyrocketed 909 pts or 1.52% to 60,841.88. In the sectoral indices, Bank Nifty rose 2.04%, Nifty Auto was up 1.25%, Nifty IT was up 0.10%, PSU Bank was up 3.07% while Nifty Pharma fell 0.99%.

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Apr 24, 2024
Bharatpur Rajasthan Assembly Constituency Election 2023: Date of Result, Voting, Counting; Candidates

Bharatpur RJ Assembly Election 2023 Details: Bharatpur constituency is a state Assembly/Vidhan Sabha constituency in Rajasthan. Dr Subhash Garg of the Rashtriya Lok Dal is currently representing the constituency. Here are all the details you need to know about the Bharatpur constituency in Rajasthan

Bharatpur Constituency Rajasthan Assembly Election 2023: Voting Date

The Bharatpur Assembly constituency will go to polls on November 25 this year. The election schedule was announced by the Election Commission of India on October 9.

Bharatpur Rajasthan Election 2023: Candidates contesting

The Bharatpur Assembly constituency will see a tight contest between the ruling Rashtriya Lok Dal (RLD), Bharatiya Janata Party (BJP), and Bharat Vahini Party(BVHP). All the final candidates will be known after the ECI makes the announcement.

Why Bharatpur Constituency Assembly Election 2023 Important

The Bharatpur is a state Assembly/Vidhan Sabha constituency in the state of Rajasthan.

Bharatpur Constituency RJ Election Result: What happened in 2018

Dr Subhash Garg from Bharatpur of Rajasthan, won the seat with 52869 votes. He defeated Bharatiya Janata Party’ Vijay Bansal(pappu Banda) who had polled 37159 votes. The winning margin was 15710 votes.

2018 Bharatpur Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesDr Subhash GargRashtriya Lok Dal52869

Candidate List Party Name Votes Gained (Vote %) Dr Subhash Garg Rashtriya Lok Dal 52869 (30.43%) Vijay Bansal(pappu Banda) Bharatiya Janata Party 37159 (21.39%) Girdhari Tiwari Bharat Vahini Party 35407 (20.38%) Dalveer Singh Independent 24258 (13.96%) Jasveer Singh Bahujan Samaj Party 15018 (8.64%) Sanjeev Gupta Aam Aadmi Party 2169 (1.25%) Udai Singh Shiv Sena 1296 (0.75%) Dr Ritu Choudhary Independent 962 (0.55%) Dinesh Independent 829 (0.48%) None Of The Above None Of The Above 686 (0.39%) Sheetal Prasad Sharma Independent 576 (0.33%) Mahendra Singh 352 (0.2%) Trilok Chand Independent 333 (0.19%) Jailal Varma Independent 328 (0.19%) Tej Singh Dalit Kranti Dal 326 (0.19%) Pooran Singh Independent 325 (0.19%) Priyanka Bharatiya Yuva Shakti 301 (0.17%) Yogesh Loktantrik Janta Dal 248 (0.14%) Sanjay Kashmiriya Independent 209 (0.12%) Hajari Lal Sharma Independent 101 (0.06%)

Bharatpur Constituency RJ Election Result: What happened in 2013

In the Rajasthan Assembly election of 2013, Vijay Bansal (pappu Banda) won from the Bharatpur seat garnering 57515 votes and defeated Bahujan Samaj Party candidate Dalveer Singh who bagged 34821 votes. The candidate who came third was Independent’ Girdhari Tiwari (netaji).

Vijay Bansal (pappu Banda) got 57515 votes while Dalveer Singh got 34821 votes.

2013 Bharatpur Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesVijay Bansal (pappu Banda)Bharatiya Janata Party57515

Candidate List Party Name Votes Gained (Vote %) Vijay Bansal (pappu Banda) Bharatiya Janata Party 57515 (38.94%) Dalveer Singh Bahujan Samaj Party 34821 (23.57%) Girdhari Tiwari (netaji) Independent 32185 (21.79%) Mahendra Tiwari Indian National Congress 14616 (9.89%) Raghvendra Singh Independent 1607 (1.09%) Sanjay Kashmiriya Independent 1198 (0.81%) None Of The Above None Of The Above 1102 (0.75%) Shishir Kumar (girdhar Pandit) Samajwadi Party 916 (0.62%) Lakhan Singh Independent 903 (0.61%) Anita Jago Party 598 (0.4%) Ummed Singh Nationalist Congress Party 558 (0.38%) Manoj Dixit (malouni) Independent 557 (0.38%) Anil Independent 444 (0.3%) Devendra Independent 305 (0.21%) Jitendra National People’s Party 218 (0.15%) Khem Chand Bharatiya Yuva Shakti 176 (0.12%)

Bharatpur Constituency RJ Election Result: What happened in 2008

Vijay Bansal (pappu) of the BJP was the winning candidate from the Bharatpur constituency in the RJ Assembly elections 2008, securing 52595 votes while 29109 votes were polled in favour of Aditya Raj Sharma of the BSP. The margin of victory was 23486 votes.

2008 Bharatpur Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesVijay Bansal (pappu)BJP52595

Candidate List Party Name Votes Gained (Vote %) Vijay Bansal (pappu) BJP 52595 (48.72%) Aditya Raj Sharma BSP 29109 (26.97%) Dharmendra Sharma INC 18480 (17.12%) Dr Jagveer Singh RLD 2206 (2.04%) Dr Ashok Singh LJP 1279 (1.18%) Lakhan Singh IND 985 (0.91%) Ashok Jain CPM 854 (0.79%) Hari Singh IND 852 (0.79%) Santosh Kumar IND 447 (0.41%) Dr Mohkam Singh SP 357 (0.33%) Devki Nandan Pandey BJSH 262 (0.24%) Pooran Singh Advocate IND 190 (0.18%) Rishi Raj Singh IND 132 (0.12%) Ashok Kumar IND 113 (0.1%) Madan Lal BHBP 86 (0.08%)

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Apr 23, 2024
NSE puts 7 Adani stocks under ASM; what this means for investors, should you buy, sell or hold?

As the Adani rout continues to affect the market, eroding billions of dollars in wealth, the NSE (National Stock Exchange) put seven Adani Group stocks under the Additional Surveillance Mechanism. Adani Enterprises, Adani Green Energy, Adani Ports and SEZ, Adani Transmission, Adani Total Gas and Ambuja Cements are placed under the short-term ASM framework, while Adani Power is placed under the long-term ASM framework.

An underwriter for Adani Enterprises’ Rs 20,000 crore FPO, Monarch Networth Capital was placed under the short-term ASM framework as well. Monarch Networth Capital was also implicated in Hindenburg Research’s report which accused the Adani Group of fraud. ACC and Adani Wilmar are two Adani Group shares that have not been placed under increased surveillance.

What is ASM?

SEBI and the exchanges introduced ASM to “alert and advise investors to be extra cautious when dealing in these securities” according to an NSE circular. The securities are shortlisted to be placed under ASM covering the following parameters:

High Low VariationClient ConcentrationClose to Close Price VariationMarket CapitalizationVolume VariationDelivery PercentageNo. of Unique PANsPE

Certain trading restrictions are imposed on stocks that fall under the framework. “Applicable rate of margin shall be 50% or existing margin, whichever is higher, subject to maximum rate of margin capped at 100% with effect from February 6, 2023 on all open positions as on February 3, 2023 and new positions created from February 6, 2023,” said NSE on the actions under the short-term ASM framework. This seeks to deter traders from taking excessive risks and reduce volatility, since the liquidity will come down.

Adani Group stocks: Buy, sell or hold?

Experts believe the current rout as a result of the Adani-Hindenburg faceoff will end soon. “The ‘Adani stocks crisis’ also has contributed to the negative sentiments. Investors may wait and watch for the dust to settle. The Adani crisis impact is slowly diminishing,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

“There is no denying that the share prices of the Adani Group were overvalued. But even though all Adani stock fell following the Hindenburg report, it doesn’t mean that one should not invest in it. Adani is India’s biggest airport operator and also controls Mundra Port, India’s largest, in his home state of Gujarat. Adani became India’s second-largest cement producer in 2022, after acquiring Swiss firm Holcim’s Indian assets for $10.5 billion. Now the Adani shares are approaching fair value, and it will be a great opportunity to invest for the long term,” said Rameshver Dongre, Research Analyst – Equity Research, CapitalVia.

“Currently all the Adani group stocks are very heavily oversold on the Daily charts. Investors should avoid buying till we end up with at least 2 green candles on the Daily charts. Adani Enterprises will now have support at Rs 1035, Adani Ports will have support at Rs 347 and Ambuja Cements support will be at Rs 298.5,” said A R Ramachandran, Co-owner, Tips2trades.

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Apr 23, 2024
NSE F&O ban: Adani Ports and others under ban on Friday, February 3, 2023

The National Stock Exchange (NSE) banned the trading in futures and options (F&O) of up to two stocks/securities on Friday, February 3, 2023. Ambuja Cements and Adani Ports are the stocks/securities placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Friday. 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.

Earlier, on Thursday, the total number of contracts traded in Index futures was 5,00,979 with a turnover of Rs 47,796.14 crore; while contracts traded in stock futures were 12,45,174 with a turnover of Rs 75,281.57 crore.

The stock put on the F&O ban earlier on Thursday, February 3, 2023, was Ambuja Cements. The domestic equity indices ended the previous session on a mixed note with NSE Nifty 50 falling 5.90 points or 0.03% to 17,610.40 and BSE Sensex rising 224.16 pts or 0.38% to 59,932.24.

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