Benchmark stock market indices continued their positive momentum on Dalal Street as both the S&P BSE Sensex and NSE Nifty 50 hit record highs as markets opened on Thursday.

The Sensex opened at a record high of 80,331.48, while the Nifty reached 24,372.15.

At 9:21 am, the 30-share Sensex was up 223.53 points at 80,210.33, while the Nifty was up 66.35 points at 24,352.85.

Most of the broader market indices also started the trading session on a positive note.

The strong momentum on Dalal Street was provided by gains in information technology stocks. Nifty IT rose nearly 1% in early trade and was among the top gainers.

The top five gainers on the Nifty 50 were Hindalco, Tata Motors, ICICI Bank, M&M and HCL Tech. The top losers were HDFC Bank, Cipla, Adani Enterprises, Dr. Reddy’s and IndusInd Bank.

Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services said, “A bullish market environment has the potential to outperform high valuations in the near term. This rally is being led by private largecap banking stocks which are still reasonably valued after the recent rally. The large FII buying of Rs 5484 crore yesterday was mainly due to delivery based buying in banking stocks led by HDFC Bank.”

“This delivery-based buying may continue for a few more days, providing resilience to the market. FIIs with 3.78 lakh long contracts have taken a ‘U’ turn in their market outlook from large short contracts in early June. The decline in the US 10-year bond yield to 4.35% and the dollar index to 105.29 are positive for fund flows,” he said.

“The market will start reacting to the first quarter results, which will start coming from next week. The financial sector is expected to come out with good numbers. Bajaj Finance’s loan growth is excellent and this is a good sign for the stock,” Vijayakumar said.

An important amendment has been introduced in the oath-taking procedure after a controversy erupted over slogans like ‘Jai Palestine’, ‘Jai Hindu Rashtra’ while taking oath recently by some MPs elected to the 18th Lok Sabha. Congress President Om Birla has added a new section in ‘Direction-1’ in the ‘Speaker’s Instructions’ to regulate some matters related to the functioning of the House, which was not part of the rules earlier.

Swatantrakar has amended Rule 389, according to which now no member of Parliament can say anything on the oath format. No one can comment on any paper or behind the mask. In case any member speaks even a single word different from the oath format, the impatient worker of taking action against him will remain safe with the Congress President. According to Rule 389 of the rules prescribed for procedure and conduct of work in governance, the President has made the following amendment in governance…

According to the new rule, a member of Parliament will take and subscribe an oath or affirmation in accordance with the oath format prescribed in the Third Schedule of the Constitution of India. Apart from this, he will not use any words or expressions of his own or make any comment while taking the oath. The following is the format of oath prescribed in the constitution for the President…

‘I, so-and-so, being appointed (or nominated) a Member of the State, do swear in the name of God/solemnly swear that I will bear true faith and allegiance to the Constitution of India as by law established, that I will uphold the sovereignty and integrity of India and that I will faithfully perform the duties of the office which I am about to assume.’

Let us tell you that recently when the newly elected members of the 18th Lok Sabha were being sworn in, some of them took oath on their own after taking oath. Hyderabad MP and MIM chief Asaduddin Owaisi raised the slogan ‘Jai Bhim, Jai Mim, Jai Palestine’ after taking oath. After this, the construction of a plaque started after the swearing-in by the President. Bareilly BJP MP Chhatrapal Gangwar raised the slogan ‘Jai Hindu Rashtra’ after taking oath. Ghaziabad BJP MP Atul Garg raised the slogan ‘Atal Bihari Vajpayee Zindabad… Narendra Modi Zindabad…’ in response to Owaisi’s ‘Jai Palestine’.

When opposition leaders objected to this, he went a step further and raised the slogan ‘Dr Hedgewar Zindabad’. Let us tell you that Dr. Keshav Baliram Hedgewar was the founder of Rashtriya Swayamsevak Sangh. Om Birla expressed disappointment over this behavior and at the same time he indicated that he would take strict action to stop such actions. The purpose of the change in rule 389 is to maintain the sanctity of the oath taking process.

Leader of Opposition in Congress Rahul Gandhi on Wednesday alleged that Defense Minister Rajnath Singh had “lied” in Parliament on the issue of compensation to the families of martyred Agniveers. He said that he should apologize for this. Now the statement of ADG PI of the Indian Army has come out in this matter. It is said that some posts on social media have revealed that compensation has not been given to the victims of Agniveer Ajay Kumar, who lost his life in the line of duty. Let us tell you that the post of ADG PI has been reposted by the office of Defense Minister Rajnath Singh.

ADG PI said that it is emphasized that the Indian Army salutes the supreme sacrifice made by Agniveer Ajay Kumar. He was given a final farewell with full military honors. It was also said that Rs 98.39 lakh has already been paid to the victims of Agniveer Ajay.

ADG PI said that under the Agniveer scheme, financial assistance and other benefits worth about Rs 67 lakh will be paid after police executions. The total amount will be around Rs 1.65 crore. The report stressed that the financial assistance to the families of martyred soldiers will be paid as soon as possible, including Agniveers.

What did Rahul say after sharing the video?

Let us tell you that Congress leader Rahul Gandhi had shared a video on Twitter in which he alleged that Defense Minister Rajnath Singh had lied in Parliament about the assistance given to the family of martyr Agniveer. The father of martyr Agniveer Ajay Singh himself has told his lie to be true. The Defense Minister should apologize to the Parliament, the country, the army and the family of martyr Agniveer Ajay Singh. In his video, Rahul Gandhi had cited the alleged statement of the father of Agniveer martyr Ajay Singh. Sharing Rahul’s post, Priyanka Gandhi also accused the BJP of “insulting the sacrifice of the families” who sacrificed their sons for the country.

Rahul Gandhi raised the issue

Congress President Rahul Gandhi also mentioned the Central Government’s Agniveer Yojana and said that I have met the family of Agniveer. The Central Government does not give martyr status to Agniveer. Agniveer is a useful and turbocharger. This scheme has created fear in the minds of SEALs. Modi ji does not consider these SEALs as martyrs. On this, Rajnath Singh, citing the supporters of Rahul’s Agnipath military recruitment scheme, said that the scheme was started after suggestions from 158 organizations.

Rajnath had accused Rahul of corruption

During Rahul Gandhi’s address on the motion of thanks on the President’s address, Rajnath Singh had said that Agniveers who sacrifice their lives in the line of duty will receive a compensation of Rs 1 crore. Rajnath Singh had asked Rahul Gandhi not to disappoint Parliament and also demanded Congress President Om Birla to remove Rahul’s failure on the Agneepath scheme.