I am still president of IOA, Batra after HI post is struck down by Delhi HC

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Mumbai, May 26 | Indian Olympic Association (IOA) president Dr. Narinder Dhruv Batra has rejected the contention that he becomes ineligible to hold his post in IOA because of his elevation as “life president” of Hockey India was struck down by the Delhi High Court.

Rejecting reports that he is no longer the IOA president because of the HC order in a case against Hockey India filed by Aslam Sher Khan, a member of the 1975 World Cup-winning Indian hockey team.

Rejecting the claim that he had contested the post of president of IOA or the president of the international hockey federation (FIH) by virtue of being life president of Hockey India, Batra said that he will “continue to serve the IOA as president til such time as new elections are held”.

Batra termed reports of his being removed as president of IOA as untrue.

“I have today morning (26 May 2022) read news articles that I am not anymore the president of Indian Olympic Association and one newspaper says that Mr. Anil Khanna will now be officiating president and another newspaper says that Mr. R.K Anand or Mr. Anil Khanna will be the officiating President of IOA till the elections of IOA are held. These reports are untrue and do not accurately represent either the facts or the judgment of the Hon’ble Delhi High Court,” Batra said in a statement addressed to IOA members and issued through WhatsApp.

“I did not contest the election for either President FIH or President IOA by virtue of holding any post that was struck down by the Order of the Hon’ble High Court. I currently continue to serve the IOA as President, till such time new elections are held,” he said.

Batra reiterated that he will not contest for the post of IOA president in the next election, whenever it is held. He also termed as ‘misreporting’ claims that he has resigned as president of IOA.

“As stated yesterday and I once again reiterate that I am not going to contest elections for president IOA in upcoming elections and will hand over the baton to the new incumbent. I have not resigned as president of IOA, as has been misreported in some sections of the media,” said Batra in his statement.

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
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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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