Sensex Closes 611 Points Up, Nifty Above 25000

by Shambhu Datta Mishra

NEWS HIGHLIGHTS

At closing, Sensex was at 81,698 with a gain of 611 points or 0.75 per cent and Nifty was at 25,010 with a gain of 187 points or 0.76 per cent

During the day, Sensex traded in the range of 81,278 to 81,824 and Nifty in the range of 24,874 and 25,043

Among the sectoral indices, IT, FMCG, auto, metal, energy, private banks and infra were the major gainers, while PSU banks and media were the major laggards

Mumbai, Aug 26: Indian equity indices closed in the green Monday following positive sentiment in the market due to rate cut expectations arising after the US Fed chair’s comments at Jackson Hole.

At closing, Sensex was at 81,698 with a gain of 611 points or 0.75 per cent and Nifty was at 25,010 with a gain of 187 points or 0.76 per cent.

During the day, Sensex traded in the range of 81,278 to 81,824 and Nifty in the range of 24,874 and 25,043.

Buying was also seen in Midcap and Smallcap stocks. The Nifty Midcap 100 index closed at 58,931, up 375 points or 0.64 per cent, and the Nifty Smallcap 100 index closed at 19,132, up 53 points or 0.28 per cent.

Among the sectoral indices, IT, FMCG, auto, metal, energy, private banks and infra were the major gainers. PSU banks and media were the major laggards.

In the Sensex pack, HCL Tech, NTPC, Bajaj Finserv, Tech Mahindra, JSW Steel, Titan, Wipro, M&M and L&T were the top gainers. Maruti Suzuki, Kotak Mahindra, Nestle, Sun Pharma, HUL, IndusInd Bank and UltraTech Cement were the top losers.

According to the market experts, "US Fed has signalled a rate cut in September which is reflecting in the decline in US treasury yields and the dollar index, which has led to a rally in global markets despite there being no indication of the size of cuts."

"Indian markets nearly reached a new high led by a change in FIIs stance to positive from negative along with continued strong DIIs inflows. Although the overall trend was positive, large caps outperformed on account of healthy earnings and relatively fair valuation compared to broader markets. IT, Realty, FMCG and Consumption gained on account of improved outlook," they added.

The foreign institutional investors (FIIs) extended their buying as they bought equities worth Rs 1,944 crore August 23, while domestic institutional investors also bought equities worth Rs 2896 crore on the same day.

(IANS)

Read More: Business News

Odisha: Man Held For Cheating Women Through Matrimonial Fraud

by Hemanta Pande

Bhubaneswar, Sep 13: The Odisha Crime Branch on Friday arrested a person on the charges of sexually as well as financially exploiting women in Odisha and outside the state under the pretext of a ‘second marriage’.

The accused identified as Biranchi Narayan Nath is a resident of Chhendipada in Angul District of Odisha.

Based on the complaint lodged by one of the victims who hails from Cuttack district, the crime branch on Thursday registered a case against accused Nath. The accused was arrested on Friday and will be brought to court on Saturday.

The victim who lost her husband to a road accident in 2022 has been staying in Cuttack along with her family and two daughters. With an aim to remarry so as to ensure a safe and secure future for herself and her children, the victim widow October last year opened a profile in the same matrimonial portal where the accused has a profile as well.

The crime branch sources revealed that the accused created the profile under the tagline "Second Marriage," and disguised himself as a Railway Employee, Income Tax Inspector or Officer in Customs & Central Excise Department etc. He also used to dupe the victims with multiple names such as Manas Ratha, Pravakar Srivastav and Biranchi Narayan Nath etc.

“She received a request from one Pravakar Srivastav, aged 43, from Khamar, Talcher. He claimed to be a TTI in Railways at Visakhapatnam. He stated that he had lost his wife and mother and was living with his father, who he claimed was a manager at SBI in Rourkela. On October 7, 2023, Pravakar visited the victim’s home and expressed his desire to proceed with the marriage proposal,” said a senior crime branch official on Friday.

Meanwhile, the accused, who managed to clandestinely capture the victim’s nude videos during video calls, forced her to visit multiple trips outside Odisha and have a sexual relationship with him. The accused stayed at the victim’s house for five months after they got married. He used to physically abuse the victim and also extracted Rs 5 lakhs and 32 grams of gold from her.

The victim eventually discovered that Pravakar was involved in similar relationships with other women, prompting her to report the matter to the authorities.

During the course of investigation, the cops ascertained that the accused used to trap middle aged women who were unmarried, separated, widows or divorced women on matrimonial sites through his fake identity and disguising himself as senior government officers.

The crime branch official also revealed that the accused also promised many of his victims to get them job after marriage. He underwent marriage rituals with many of his victims in temples and later cohabited with them at their home but never took any of them to his own place. He used to capture objectionable videos and photos of the victims and later extort money from them.

During the investigation, police found that he had defrauded numerous other women and cases have been registered against him at various police stations in Berhampur, Angul, Balasore, Rourkela, Dhenkanal and Bhubaneswar. The accused has also been involved in similar cases in Rajasthan, West Bengal, Maharashtra, Madhya Pradesh, Haryana and Delhi. (IANS)

Sensex Closes 611 Points Up, Nifty Above 25000

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