Sensex closes 1,030 points higher, trading at NSE resumes after glitch

Agencies
February 24, 2021

Sensex zooms 1,030 points, Nifty tops 14,950 at closing | Deccan Herald

Mumbai, Feb 24: Equity benchmark indices jumped by nearly 2 per cent on Wednesday with banking and financial stocks gaining substantial ground.

The BSE S&P Sensex closed 1,030 points or 2.07 per cent higher at 50,782 while the Nifty 50 advanced by 274 points or 1.86 per cent to 14,982.

At the National Stock Exchange (NSE), trading in all segments remained halted for several hours due to a technical problem. As a result, trading at both the stock exchanges was extended.

Except for Nifty IT, which slipped marginally, all sectoral indices were in the green zone with Nifty private bank gaining by 3.8 per cent, financial services by 3.4 per cent and PSU bank by 2.8 per cent.

Private banks gained substantially after the Finance Ministry allowed private sector banks for government related transactions.

Among stocks, HDFC Bank advanced by 5.3 per cent to Rs 1,611.05 per share. Axis Bank was up by 5.1 per cent, ICICI Bank by 3.8 per cent and Kotak Mahindra Bank by 2.4 per cent.

State Bank of India ticked up by 3 per cent and Bajaj Finance by 3.3 per cent. Coal India gained by 5.2 per cent to Rs 144.10 per share while infrastructure major Larsen & Toubro gained by 2.5 per cent.

The other major gainers were HDFC and UltraTech Cement. However, those which lost were UPL, Dr Reddy's, Sun Pharma, Cipla, JSW Steel, Tata Motors and Asian Paints.

Meanwhile, Asian equities opened lower on concerns about rising interest rates and rich equity valuations.

South Korea's Kospi shed 2.45 per cent on valuation nerves while Japan's Nikkei 225 was down by 1.61 per cent on profit booking in tech shares.

Hong Kong shares slumped by 2.99 per cent, the most in nine months, on stamp duty hike.

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News Network
May 10,2025

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In a significant escalation of hostilities, the Indian Army has reported that Pakistan targeted critical civilian infrastructure, including hospitals and school premises, in Srinagar, Awantipur, and Udhampur. This incident marks a severe breach of international norms, with Pakistan's actions drawing widespread condemnation.

Details of the Attacks

Wing Commander Vyomika Singh, during a press briefing, said that Pakistan's military launched attacks on Indian Army hospitals and educational institutions in these regions. The targeted facilities are located within or near military airbases, raising concerns about the deliberate targeting of civilian infrastructure. The attacks have resulted in significant damage to these establishments, though specific casualty figures are yet to be confirmed.

Indian Army's Response

The Indian Army has termed these actions as "unacceptable" and a direct violation of international humanitarian law. In retaliation, India has initiated "Operation Sindoor," a series of strikes targeting Pakistani military bases and terrorist infrastructure. The operation aims to dismantle terror networks operating from across the border and to send a strong message against such provocations.

The international community has expressed grave concern over the escalation. The United Nations has called for maximum restraint from both nations to prevent further deterioration of the situation. Countries like the United States, Russia, and China have urged India and Pakistan to engage in dialogue and de-escalate tensions.

As of now, the situation remains tense. Both nations have mobilized additional troops along the Line of Control (LoC), and airspace in the affected regions has been restricted. Civilians in the targeted areas have been advised to stay indoors, and emergency services are on high alert to respond to any further incidents.

This development marks a significant turning point in the ongoing India-Pakistan tensions, with the targeting of civilian infrastructure raising the stakes of the conflict. The coming days will be crucial in determining the trajectory of relations between the two nuclear-armed neighbors.

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News Network
May 8,2025

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Belagavi: Colonel Sofia Qureshi who along with Wing Commander Vyomika Singh presented the details of ‘Operation Sindoor’ is being hailed as the daughter-in-law of Karnataka’s Belagavi.

Qureshi's husband Colonel Tajuddin Bagewadi is from Konnur town in Gokak taluk. He has been serving as a colonel in the Indian Army. They were married in 2015.

Qureshi is a native of Baroda in Gujarat, being married to Tajuddin has made her the daughter-in-law of Belagavi.

During a media meet at New Delhi on Wednesday, Qureshi had shared the details of the success of Operation Sindoor which was conducted in retaliation to the terror attack at Pahalgam in Kashmir.

Qureshi has also served in the UN peacekeeping force at Kangola. She has received great appreciation from General Officer Commanding for her work along the borders of Punjab and during the floods in North-East.

Presently Sofia has been posted at Jammu while her husband Colonel Tajuddin Bagewadi at Jhanshi.

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coastaldigest.com news network
April 30,2025

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Mangaluru, April 30: The victim of the tragic mob lynching in Mangaluru, 36-year-old Ashraf, was assaulted for nearly two hours before his body was abandoned at the crime scene, according to sources. The incident took place near a local cricket match venue in Kudupu on April 28. The exact motive behind the attack remains under investigation. Ashraf had suffered multiple severe internal injuries, which led to his death.

Ashraf, originally from Pulpalli village in Sultan Bathery taluk, Wayanad district, Kerala, had been living in Mangaluru for the past month as a manual labourer. 

He was known to have a mild mental disability, which had caused him to wander around different areas. Abdul Jabbar, Ashraf’s brother, confirmed that Ashraf was unmarried and had no affiliations with any organization. "We had been treating his health issues for years, but his condition never fully improved," Jabbar shared. 

Despite his mental health challenges, Ashraf frequently visited family in Kerala and maintained regular contact with his brother, who provided him with essentials, including a mobile phone.

The police had initially registered the incident as an unnatural death under suspicious circumstances. However, following the autopsy, the case was reclassified as mob lynching after it was confirmed that Ashraf died from internal injuries caused by strong blows, compounded by shock and the lack of medical intervention.

In connection with the incident, 20 men have been arrested so far, with 25 suspects believed to be involved. The first person to assault Ashraf is thought to be 26-year-old autorickshaw driver T Sachin from Kudupu. Police have invoked several sections of the Bharatiya Nyaya Sanhita (BNS) related to mob violence and culpable homicide. Investigations are ongoing, with authorities collecting witness statements, CCTV footage, and mobile tower data to identify additional suspects.

Abdul Jabbar has assured full cooperation with the police as they continue to investigate the horrific attack.

‘Attempt to cover up’

Meanwhile, the Dakshina Kannada district committee of CPI(M) has accused the Mangaluru City Police Commissionerate of deliberately attempting to cover up the mob lynching. The committee claims that the FIR (First Information Report) filed in this case serves as strong evidence of the police’s efforts to obscure the truth.

“The news of the incident reached the Vamanjoor Police Station within an hour of the incident. Five hours later, police arrived at the crime scene, where they found the brutalized body of the victim. By this time, the details of the incident were clear to the police, and the news had also reached Mangaluru Police Commissioner Anupam Agrawal,” it said.

CPI(M) district secretary Muneer Katipalla alleged that the police apparently tried to weaken and possibly cover up the case due to various factors. Ravindra Nayak, a prominent BJP leader, and Manjunath, both believed to be key figures in the local political circles, are reportedly connected to the attack. The incident drew national attention, and the police were reportedly concerned that the case would cause embarrassment if it became widely known.

As part of the cover-up, Manjunath, who is said to have played a pivotal role in the mob lynching, allegedly filed a report stating that the unidentified body had been found. Despite being fully aware of the details, the police issued a lookout notice, falsely claiming that the victim may have died from falling due to intoxication or a scuffle, with only superficial injuries on his body, said Mr. Katipalla, who believes this was an effort to exonerate the real culprits and avoid further embarrassment for the local authorities.

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