RS adjourned for the day amid Oppn ruckus

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RS adjourned for the day amid Oppn ruckus
RS adjourned for the day amid Oppn ruckus

New Delhi, Dec 7 | RS adjourned for the day amid Oppn ruckus. Amid Opposition ruckus in the Rajya Sabha, no business could be conducted on Tuesday as the House was adjourned for the day.

After the proceedings began at 11 a.m., the House was first adjourned till 2 p.m. and then till 3 p.m. It was finally adjourned for the day as the discussion on the surrogacy bill started.

Leader of Opposition Mallikarjun Kharge raised the issue of the suspension of 12 MPs from the House and RJD MP Manoj Jha too raised a point of order, but was rejected by the Chair.

Environment Minister Bhupinder Yadav also raised a point of order that Congress leader Jairam Ramesh was speaking from other seat, and following sloganeering the deputy chairman adjourned the House for the day.

The faceoff continued with the Treasury Bench demanding an apology from the suspended protesting MPs which is bring denied as the opposition insist that they are not at fault.

“The suspension of the MPs is against Constitution as the incident is of previous session as the house was adjourned its wrong to suspend them in Winter session,” Kharge said.

Earlier, the opposition leaders, including Sharad Pawar, joined the protesting MPs and Kharge said that the opposition will join the MPs and observe fast for a day.

Kharge, floor leader of Congress in Lok Sabha Adhir Ranjan Chowdhury and other Opposition MPs protested in support of the suspended MPs in front of the Gandhi statue in Parliament House.

The suspended MPs are Syed Naseer Hussain, Akhilesh Prasad Singh, Phulo Devi Netam, Chhaya Verma, Ripun Bora and Rajmani Patel of the Congress; Priyanka Chaturvedi, Anil Desai of the Shiv Sena; Elamaram Kareem of the CPI-M, Binoy Viswam of the CPI; and Dola Sen and Shanta Chhetri of the Trinamool Congress.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.

While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.

Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.

Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.

On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

 

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