Modi most preferred for PM’s post, way ahead of Rahul Gandhi

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New Delhi, Sep 4 | As many as 51.6 per cent of the respondents in the five poll-bound states of Punjab, Uttar Pradesh, Uttarakhand, Goa and Manipur prefer Narendra Modi as the Prime Minister as compared to former Congress chief Rahul Gandhi, whose approval rating is merely 30.2 per cent, as per the ABP-CVOTER-IANS BATTLE FOR THE STATES – WAVE 1 survey.

The survey also disclosed that except for Punjab, Modi is the most-preferred PM candidate in the four other states going to the polls next year.

More than 58 per cent of the respondents in Goa prefer Modi as the PM candidate, as compared to Rahul Gandhi (39.4 per cent).

Similarly, in Manipur, 56 per cent of the voters have preferred Modi over the former Congress president, who got the support of only 6.1 per cent respondents. However, 6.1 per cent have chosen none of the two.

In Uttar Pradesh, 48 per cent of the respondents back Modi as the PM, while 33.5 per cent prefer Rahul Gandhi for the top post. A total of 13.6 per cent of the respondents do not support either of the two.

In the hill state of Uttarakhand, 49 per cent voters support Modi as the preferred PM choice, whereas 30.2 per cent opt for Rahul Gandhi. A total of 9.6 per cent of the people surveyed support neither Modi, nor Rahul Gandhi.

Surprisingly, in the Congress-ruled state of Punjab, 39.4 per cent of voters do not support either Modi or Rahul Gandhi, while 9.8 per cent did not give their preference.

In Punjab, Modi is behind Rahul Gandhi in preference, with 30.0 per cent of the respondents backing Rahul Gandhi and 20.5 per cent supporting Modi.

The overall sample size for the survey was 81,006 in five states covering 690 Assembly seats.

Source: IANS

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Share Market Closing Bell: Market ends marginally lower amid volatility

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Dalal Street witnessed tug of war between bulls and bears as Sensex settled at 54208.53 losing 109 points or 0.20 percent and Nifty ended at 16240.30 with loss of 19 points. Bank nifty closed the session at 34163.70 levels with loss of 138 point after erasing early session gain.

BSE Midcap and BSE Small cap indices turned flat after rising around half a percent each. On the sectorial front, Nifty Pharma and FMCG have contributed a percent each on a closing basis. On the flip side Nifty Realty, Nifty PSE ended with losses of 1.75 percent and 1.73 respectively. In Nifty stocks, TATACONSUM, CIPLA and ADANI PORT were the top gainers while POWERGRID, BPCL and TECHM were the prime laggards.

In the daily chart Nifty has ended with a bearish candle. However 16200 levels are protected throughout the day. Index might face high volatility on weekly expiry day. Riding against the trend may not be beneficial for short term traders. According to volume profile 16100 and 16000 may act as immediate support.

Indicators such as MACD and RSI are still struggling to overcome from oversold zone in the daily time frame. From the time cycle prospect Index would remain highly volatile till 27th May of this month. Bollinger band indicates 16650 would remain strong resistance in coming days. On the other hand, Bank nifty has support at 33400 levels while resistance at 35000 levels.

Om Mehra
Research Associate
Choice Broking

Source: Choice India

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