Even poll losers become CM: Karnataka Cong chief

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Bengaluru, June 25 | A day after internal bickering within the state Congress came to the fore with at least half a dozen MLAs projecting Leader of the Opposition Siddaramaiah as the ‘next CM, Karnataka Congress chief D.K. Shivakumar on Thursday said Karnataka has even seen leaders who lost elections becoming Chief Minister.

Reacting to pro-Siddaramaiah legislators running a campaign by pitching Siddaramaiah as the next Chief Minister, Shivakumar caustically remarked that anyone can dream of becoming CM, as in the past Karnataka has seen the late Devraj Urs and Ramakrishna Hegde become CM despite losing or not contesting elections.

To a question about former KPCC president G. Parameshwara’s supporters also launching a similar campaign, Shivakumar said all 224 legislators who get elected to Karnataka Assembly have an equal right to dream of becoming CM.

There is nothing wrong with one having such aspirations,” he said.

After his camp’s legislators pitched him as the next CM, Siddaramaiah sought to play it down by stating that he had never expressed a desire to be the CM face with 22 months still to go for elections in Karnataka. “In our party, our high command decides on such important issues. Let us face elections first,” he said to a question.

Despite his subtle warnings to pro-Siddaramaiah camp, on Wednesday Shivakumar had stated that the party high command has said what it has to. “I have seen statements by a section of MLAs in the media. Legislature Party leader (Siddaramaiah) will look into it as he is our CLP leader. If he does not, then the party is there to look into it,” Shivakumar had said, adding that he too was not in a hurry to become CM.

However, his younger brother and Bengaluru Lok Sabha MP, D.K. Suresh had slammed Siddaramaiah, sarcastically questioning that “what else can one expect from those people who have crossed over to the Congress for the sake of power alone?”

“True Congressmen fight for people’s welfare. Elections are still almost two years away and at this juncture when people are dying due to wrong policy decisions of the ruling party, do we really require this debate now? I can only say that people who have crossed over to Congress for the sake of power can only talk about such things. They are nothing but power mongers,” he said, without mentioning Siddaramaiah’s name.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

On a weekly expiry day, Nifty opened on positive note and have a dip to make an intraday low at 15367.50 level but showed bounce back moment as managed to close at 15556.65 level with a gain of 143 points. Bank Nifty closed the session at 33135 level with a gain of 289.70 points. 45 Out of Nifty 50 ended in green which suggest broad based buying.

All the sectoral indices managed to close in green expect Energy while Nifty Auto was top gainer. Among Nifty Stock, MARUTI, EICHERMOT, HEROMOTOCO & M&M were the top gainers, While RELIANCE, COALINDIA, POWERGRID & GRASIM were the prima laggards. India VIX closed at 20.88 level with a loss of 1.97%. On Technical Front, The Nifty has formed bullish candle but faced resistance at 21 Four-Hourly Moving Average i.e., 15647 which suggest crossing above the same can show more upside rally.

Nifty has been trading in range of 15200-15700 level while breaching either side can suggest further direction of breakouts. Nifty has given above 50-Hourly Moving Averages which indicate it can show upside moment in the counter. On the Nifty OI Data, On the call side ,the highest OI witnessed at 16000 level while on the put side was at 15500 Niftg level followed by 15300 levels. The momentum indicators Stochastic is trading with a positive crossover on a daily chart which suggest northward journey in the Nifty.

The Nifty may find support around 15200 levels while on the upside 15700 may act as an immediate hurdle. On the other hand, Bank Nifty has support at 32300 levels while resistance at 33800 levels.

Overall, Sector specific momentum has been observed, crossing above 15700 Nifty can show more upside rally.

Market entering into buy on dips pattern.

Palak Kothari
Senior Technical Analyst
Choice Broking

Source: Choice India

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The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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