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Mumbai: Indian stock markets rallied on Monday after the <keyword id="20032950" type="General" weightage="20" keywordseo="BJP-led-government" source="keywords">BJP-led government</keyword> secured a majority in the latest state elections in Maharashtra. The <keyword id="20641216" type="General" weightage="100" keywordseo="Nifty-50" source="keywords">Nifty 50</keyword> index gained more than 1.45 per cent or 346.30 points to open at 24,253.55 points, while the BSE <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> index surged 1,076 points or 1.36 percent to open at 80,193.47 points. Experts noted that the election results have an impact on the markets today, and if past trends are followed, the markets may witness some rally amid the return of the BJP in the Maharashtra state elections. <keyword id="20161891" type="General" weightage="20" keywordseo="Ajay-Bagga" source="keywords">Ajay Bagga</keyword> Banking and Market Expert stated that "The just concluded elections in Maharashtra, the results of which were declared on November 23rd, will have a positive immediate impact on the stock markets. The landslide win for the BJP lead coalition in the Maharashtra state elections could lead to a short-term boost to the Indian stock markets which have been in a declining mode" He further added "Investors will interpret this mandate as favourable for the capex and infrastructure push that is ongoing in Maharashtra. The beneficiary sectors of this election are industrials, infrastructure, manufacturing, real estate and financials". In the sectoral indices on the National Stock Exchange, <keyword id="20065014" type="General" weightage="20" keywordseo="Nifty-Realty" source="keywords">Nifty Realty</keyword> and <keyword id="19941314" type="General" weightage="20" keywordseo="Nifty-PSU-Bank" source="keywords">Nifty PSU Bank</keyword> rallied with a surge of more than 2 percent, while other major indices also gained more than 1.5 per cent, including Nifty Metal, Nifty Media, and Nifty Oil &amp; Gas. In the Nifty 50 list, 49 stocks gained during the opening session, while only one stock declined. Shri Finance opened as the top gainer in the Nifty 50. The shares of the AdGroup also surged around 2 percent at the time of filing this report. <keyword id="19967296" type="General" weightage="20" keywordseo="Adani-Green" source="keywords">Adani Green</keyword> also climbed around 4 percent. "We are most likely to break the falling 20-day average that lies at 24,030, which will be the first time that'd happen since the record high of 27th September. Seasonality trends between now and the end of the year have been historically positive, with the Nifty rising 80% of the time during this period with an average return of over 4 per cent" Akshay Chinchalkar, Head of Research, Axis Securities. In other Asian markets, Japan and South Korea indices rallied. The Nikkei 225 index surged more than 1.5 percent, South Korea's Kospi also rose by 1.5 percent, Taiwan's Weighted Index was up by 0.48 percent, while Hong Kong's Hang Seng index was down marginally by 0.14 percent at the time of filing this report.

Nifty, Sensex rallied around 1.5 % after Maharashtra election results, Experts noted short term rally

<keyword id="20161012" type="General" weightage="20" keywordseo="BJP-leader" source="keywords">BJP leader</keyword> and Olympic Medal winning <keyword id="19914933" type="General" weightage="20" keywordseo="wrestler" source="keywords">wrestler</keyword> <keyword id="19911119" type="General" weightage="100" keywordseo="Yogeshwar-Dutt" source="keywords">Yogeshwar Dutt</keyword> expressed his willingness to contest the upcoming <keyword id="22435328" type="General" weightage="20" keywordseo="Haryana-Assembly-elections" source="keywords">Haryana Assembly elections</keyword> from the Gohana Assembly Constituency on Friday. "I have expressed my wish to contest elections to the Chief Minister and the central leadership. I am a sportsperson, and an Olympic medallist, and I have contested elections from <keyword id="19894848" type="General" weightage="20" keywordseo="BJP" source="keywords" meta.keywordsubtype="org" meta.entityname="BJP" meta.hostid="261" meta.entityid="BJP">BJP</keyword> earlier also, so I want to get a chance", said Dutt while speaking to Journalists. He further added that he wants to contest from the Gohana assembly constituency and he has told the same to the leadership. "Now it is the time for elections, so I want to get a chance to contest from Gohana. I can't be certain about the future, but I have expressed my willingness, and I have told the leadership that I want to contest.", he added. Yogeshwar Dutt, who won an Olympic Medal in the 2012 Olympics was defeated by Congress nominee Indu Raj Narwal in a bypoll for the Assembly seat of Baroda in 2020. Dutt also lost the seat in 2019 to the Congress's three-time winner Krishan Hooda. The BJP Central Election Committee (CEC) held a crucial meeting on Thursday to discuss the upcoming <keyword id="20390792" type="General" weightage="20" keywordseo="haryana-assembly" source="keywords">Haryana Assembly</keyword> elections. During the meeting, which was chaired by <keyword id="19898052" type="General" weightage="20" keywordseo="Prime-Minister-Narendra-Modi" source="keywords">Prime Minister Narendra Modi</keyword>, discussions were held on all 90 assembly seats in the state. Out of these, candidates for 55 seats have been finalised. The final decision on the remaining 35 seats will be made in a follow-up meeting today between the Haryana core committee and the BJP President. The party has decided to roll out the candidate names in phases as the election preparations intensify. The meeting, which took place at the BJP headquarters, was attended by key leaders including BJP National President JP Nadda, Union Home Minister Amit Shah, Satya Narayan Jatia, Iqbal Singh Lalpura, K. Laxman, Nayab Singh Saini, Sudha Yadav, Vanathi Srinivasan, Anil Vij, Bhupender Yadav, Biplab Deb, Satish Poonia, Surendra Nagar, and Dharmendra Pradhan. Voting for 90 seats of the Haryana Assembly elections will be held on October 1. The results will be declared on October 4.

Olympic medallist Yogeshwar Dutt expresses willingness to contest Haryana Assembly elections

Most <keyword id="21473307" type="General" weightage="20" keywordseo="BJP-allies" source="keywords">BJP allies</keyword> have kept their cards close to chest on the issue of <keyword id="19934070" type="General" weightage="100" keywordseo="Uniform-Civil-Code" source="keywords">Uniform Civil Code</keyword>, which Prime Minister <keyword id="19895781" type="General" weightage="20" keywordseo="Narendra-Modi" source="keywords">Narendra Modi</keyword> strongly backed in his Independence Day speech, with the party's largest partner <keyword id="19910625" type="General" weightage="20" keywordseo="Telugu-Desam-Party" source="keywords" meta.keywordsubtype="org" meta.entityname="Telugu Desam Party" meta.hostid="153" meta.entityid="Telugu Desam Party">Telugu Desam Party</keyword> (TDP) saying that it will wait for details to emerge before finalising its stand. The JD(U), the BJP's second biggest ally, said the party supports any such reform but its spokesperson K C Tyagi added that it must be pushed only after evolving a consensus by speaking to all stake-holders, including religious groups and states. Lavu Srikrishna Devarayalu, the head of TDP Parliamentary Party, told PTI that his party will wait for the details of any proposal related to the UCC before finalising its stand. Another party ally <keyword id="20280818" type="General" weightage="20" keywordseo="Lok-Janshakti-Party" source="keywords" meta.keywordsubtype="org" meta.entityname="Lok Janshakti Party" meta.hostid="153" meta.entityid="Lok Janshakti Party">Lok Janshakti Party</keyword> (<keyword id="20354493" type="General" weightage="20" keywordseo="Ram-Vilas" source="keywords">Ram Vilas</keyword>) has also been non-committal, with its president and Union Minister Chirag Paswan recently highlighting cultural, linguistic and regional diversities across the country to wonder how everyone can be brought under one umbrella. Last month, he said that his party will wait for a draft on the UCC before taking a stand. Tyagi cited JD(U) president and Bihar Chief Minister <keyword id="19907431" type="General" weightage="20" keywordseo="Nitish-Kumar" source="keywords">Nitish Kumar</keyword>'s submission in 2017 to the Law Commission to make his point. Kumar had said, "Any attempt to impose a UCC without obtaining through substantive consultations the concurrence of various religious groups, especially the minorities, could lead to social friction and an erosion of faith in the constitutional guarantee of freedom of religion." However, the proposal for simultaneous elections, which was also staunchly advocated by Modi on Thursday, generally enjoys support among the BJP's allies. Tyagi said his party is in complete agreement with the BJP on the issue. Both JD(U) and the LJP(Ram Vilas) had extended their support to the concept 'one nation one election' in their submission to the high-level committee headed by former president Ram Nath Kovind. Another important BJP ally <keyword id="19905334" type="General" weightage="20" keywordseo="Shiv-Sena" source="keywords" meta.keywordsubtype="org" meta.entityname="Shiv Sena" meta.hostid="153" meta.entityid="Shiv Sena">Shiv Sena</keyword>, which is headed by Maharashtra Chief Minister Eknath Shinde, has been supportive of both UCC and simultaneous elections. Modi had on Thursday made an unequivocal pitch for a uniform civil code in the country, asserting that a "secular civil code" in place of the existing "communal" one is the need of the hour. He also pushed forcefully for 'one nation one election'. Frequent elections are an "obstacle" in the country's growth, and every scheme is seen as a consequence of one poll or another happening every few months, he said in his speech on India's 78th Independence Day. The UCC has been a key ideological plank of the BJP, while the party has also taken a strong stand in favour of <keyword id="20033454" type="General" weightage="20" keywordseo="simultaneous-polls" source="keywords">simultaneous polls</keyword>, promising both measures on its successive manifestos.

Most BJP allies keep away from supporting Uniform Civil Code, positive to idea of simultaneous polls

Chandigarh: Listing out the measures taken by his government to compensate <keyword id="19934969" type="General" weightage="20" keywordseo="farmers" source="keywords">farmers</keyword> over this year's subnormal rain, Haryana Chief Minister <keyword id="20928101" type="General" weightage="100" keywordseo="nayab-singh-saini" source="keywords">Nayab Singh Saini</keyword> countered the <keyword id="19895371" type="General" weightage="20" keywordseo="Congress" source="keywords" meta.keywordsubtype="org" meta.entityname="Congress" meta.hostid="261" meta.entityid="Congress">Congress</keyword> criticism over the issue, saying the opposition party would give only "meagre amounts" while it was in power. Stepping up the attack ahead of the possible announcement of assembly polls in the state, <keyword id="20361506" type="General" weightage="20" keywordseo="Saini" source="keywords">Saini</keyword>, addressing a press conference on Friday, hit out at Congress's '<keyword id="22376578" type="General" weightage="20" keywordseo="Haryana-Maange-Hisab" source="keywords">Haryana Maange Hisab</keyword>' campaign and accused it of spreading lies. Asked if he has any information on whether Haryana's poll dates will be announced later in the day, Saini quipped: "Who said so? Polls will be held as per schedule." The chief minister pointed to the recent cabinet decision to compensate farmers affected by less rains at a rate of Rs 2,000 per acre as a bonus. "We have released the first instalment of Rs 525 crore on Friday," he said. All the farmers who have registered on the designated portal will be compensated for their losses, he said. Saini said the BJP-led government in the state has taken several steps for farmers' welfare in the past ten years. "Congress sheds crocodile tears in the name of farmers. They should tell how much crops they procured from farmers in the ten years between 2005-2014," Saini said. "During their rule, Congress used to handover cheques of meagre amounts of Rs 2, Rs 5 for crop damage. The <keyword id="19894848" type="General" weightage="20" keywordseo="BJP" source="keywords" meta.keywordsubtype="org" meta.entityname="BJP" meta.hostid="261" meta.entityid="BJP">BJP</keyword> government has given Rs 13,276 crore as compensation to farmers for crop damage in the past ten years," he said. During the Congress rule, farmers would "dump their produce" on roads as they did not get the required price, the CM said. Under the BJP government, payment is made to the farmers' bank accounts within 72 hours, Saini said. Dubbing the 'Haryana Maange Hisab' campaign as a "jhooth ki yatra" (yatra of lies), he added, "Those who are seeking an account from us, I want to show them the mirror and tell them how we are taking decisions in favour of farmers and empowering them," he said. Saini said while the Congress is wearing a mask of honesty these days, everyone knows how farmers' land was "snatched by them in the name of CLU (change of land use)" and handed them over to builders. The Congress has been attacking the BJP as part of its 'Haryana Maange Hisab' campaign, after its launch on July 15, targeting the ruling party over several issues concerning farmers as well as unemployment, law and order and others.

Haryana CM Nayab Singh Saini attacks Cong's 'Haryana Maange Hisab' campaign, asks what it did for farmers

The <keyword id="19895345" type="General" weightage="20" keywordseo="Supreme-Court" source="keywords">Supreme Court</keyword> on Monday deferred by six weeks hearing on a plea of Chief Minister <keyword id="19901384" type="General" weightage="20" keywordseo="Arvind-Kejriwal" source="keywords">Arvind Kejriwal</keyword> challenging a <keyword id="19895875" type="General" weightage="20" keywordseo="Delhi-High-Court" source="keywords">Delhi High Court</keyword> order upholding the summons issued to him in a criminal <keyword id="19917023" type="General" weightage="100" keywordseo="defamation-case" source="keywords">defamation case</keyword> for retweeting an allegedly defamatory video circulated by YouTuber <keyword id="21917603" type="General" weightage="20" keywordseo="Dhruv-Rathee" source="keywords">Dhruv Rathee</keyword> in 2018. A bench of justices Sanjiv Khanna, Sanjay Kumar and R Mahadevan posted the matter for hearing after six weeks after senior <keyword id="22757218" type="General" weightage="20" keywordseo="advocate-Abhishek-Singhvi" source="Orion">advocate Abhishek Singhvi</keyword>, appearing for <keyword id="19895701" type="General" weightage="20" keywordseo="kejriwal" source="keywords">Kejriwal</keyword>, sought some more time to work out a settlement. "We express regret but some more time may be given (for settlement). Currently, too many things are going on in this man's life," Singhvi submitted. Advocate Raghav Awasthi, appearing for the complainant, submitted that time may be given (to Kejriwal) but it should not be unlimited and some negotiations have to take place. Singhvi submitted that although he (Kejriwal) expresses regret for the tweet but it cannot be on his (complainant's) terms. The bench posted the matter for hearing after six weeks to enable the parties reach a settlement. Earlier, Kejriwal has admitted that he "committed a mistake" by retweeting the alleged defamatory video. On March 11, the top court asked Kejriwal whether he wanted to give an apology to the complainant in the matter. Kejriwal had on February 26 told the apex court that he made a mistake by retweeting the allegedly defamatory video related to the <keyword id="20738764" type="General" weightage="20" keywordseo="BJP-IT-Cell" source="keywords" meta.keywordsubtype="org" meta.entityname="BJP IT Cell" meta.hostid="153" meta.entityid="BJP IT Cell">BJP IT Cell</keyword>. The counsel appearing for complainant Vikas Sankrityayan had told the top court that Kejriwal may issue an apology on social media platforms like microblogging platform 'X' or Instagram. On February 26, the apex court, without issuing notice on Kejriwal's plea challenging the high court order, had asked the complainant whether he wanted to close the matter in view of the petitioner accepting it was a mistake. The top court had asked the trial court not to take up the defamation case involving Kejriwal till further orders. In its February 5 verdict, the high court said that reposting alleged libellous content would attract the defamation law. It said a sense of responsibility has to be attached while retweeting content about which one does not have knowledge and added that retweeting defamatory content must invite penal, civil as well as tort action if the person retweeting it does not attach a disclaimer. The high court, while refusing to quash the trial court's 2019 order summoning Kejriwal, had said when a public figure tweets a defamatory post, the ramifications extend far beyond a mere whisper in someone's ears. It had said if the act of retweeting or reposting is allowed to be misused as it is still considered to be a vacant grey area of law, it will encourage people with ill intentions to misuse it and conveniently take a plea that they had merely retweeted a content. The chief minister had said in the high court that the trial court failed to appreciate that his tweet was not intended or likely to harm the complainant. Sankrityayan claimed the YouTube video titled 'BJP IT Cell Part II' was circulated by Rathee, who lives in Germany, "wherein a number of false and defamatory allegations were made".

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Nifty, Sensex rallied around 1.5 % after Maharashtra election results, Experts noted short term rally

ANI

Olympic medallist Yogeshwar Dutt expresses willingness to contest Haryana Assembly elections

ANI

Most BJP allies keep away from supporting Uniform Civil Code, positive to idea of simultaneous polls

PTI

Haryana CM Nayab Singh Saini attacks Cong's 'Haryana Maange Hisab' campaign, asks what it did for farmers

PTI

Defamation case: Supreme Court defers hearing on Arvind Kejriwal's plea to enable settlement by six weeks

PTI

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