Latest news with #Kewat
Hindustan Times
26-05-2025
- Hindustan Times
Man arrested for setting neighbour's house, vehicle on fire in Borivali
MUMBAI: The MHB Colony police on Saturday arrested a man who allegedly set on fire a two-wheeler and the house of his neighbour on May 14. The fire was initially suspected to be due to a short circuit. However, after scanning CCTV footage at the site, the police found that the accused and his three accomplices had torched the two-wheeler. The complainant, Julie Kewat, 37, lived in a chawl in Ganpat Nagar in Borivali West. The accused, Devraj Siddharth Patil, 22, lived in the same chawl as Kewat. On the night of May 14, the neighbours alerted the fire brigade about a fire starting in Kewat's house. According to the police, she was sleeping in the drawing room then. She woke up due to heat and rushed her family outside to raise an alarm after noticing the fire. The fire was doused, and her family members were rescued without injuries. The fire had damaged her house, furniture, and a two-wheeler parked outside her doorstep. During investigation, the police scanned CCTV footage and found Patil starting the fire. Kewat told the police that her son, Lucky, and Patil's brother, Shadab, were hostile over petty issues. A week before the fire, Shadab had threatened Lucky during a fight. Kewat said she suspected that Sahdab and his family had planned the sabotage. Based on Kewat's complaint, the police booked Patil under relevant sections Bhartiya Nyay Sanhita, 2023, including attempt to murder and criminal intimidation. 'We have arrested Patil and are tracing the other three accused,' said a police officer from MHB Colony police station. His three accomplices are yet to be identified. This is the second incident of a person setting their neighbour's house on fire due to enmity in Borivali West in recent times. On April 2, the MHB police arrested 28-year-old Vishal Udmale for allegedly setting his neighbour's home on fire over a seating spot in the neighbourhood. Udmale, a known troublemaker with a past of criminal cases against him, was allegedly intoxicated and used a petrol-filled bottle into her house before setting it ablaze. The victim, Lakshmi Prabhakar Bonala, was recused but her belongings were charred.
India Today
23-05-2025
- Business
- India Today
Sensex, Nifty close higher over US-China trade hopes despite FII outflow fears
Benchmark stock market indices closed higher on Monday, ending the week with a rally that was driven by IT, FMCG, and financial sector S&P BSE Sensex added 769.09 points to close at 81,721.08, while the NSE Nifty50 gained 243.45 points to end at 24, Kewat, Technical and Derivatives Analyst, Ashika Institutional Equity, said that the market sentiment was buoyed by optimism over US-China trade negotiations, following a mutual agreement between Washington and Beijing to maintain open lines of "However, gains were capped due to concerns over foreign fund outflows, amid rising US Treasury yields and a weakening US fiscal outlook," he Company led the charge with a gain of 3.51%, followed by Power Grid Corporation which surged 2.51%. ITC advanced 2.39%, while Bajaj Finserv climbed 2.09% and Nestle India rounded out the top five gainers with a solid rise of 1.83%.Only one stock among Sensex's top companies managed to close in the red. Sun Pharmaceutical Industries was the sole loser for the day, declining by 1.84%.The Nifty Midcap100 advanced by 0.64% while the Nifty Smallcap100 posted a solid gain of 0.80%, indicating robust performance in the broader market segments. The India VIX declined marginally by 0.11%.Almost all sectoral indices closed in positive territory, reflecting widespread buying interest across various FMCG emerged as the top performer with a gain of 1.63%, followed by Nifty Financial Services which surged 1.15% and Nifty Private Bank advancing 1.06%.Other notable gainers included Nifty IT up 0.95%, Nifty Oil & Gas rising 0.78%, Nifty Metal gaining 0.76%, Nifty Media climbing 0.54%, Nifty PSU Bank adding 0.52%, Nifty Consumer Durables up 0.32%, Nifty Realty advancing 0.26%, and Nifty Auto posting a modest gain of 0.24%.However, Nifty Healthcare Index bucked the positive trend, declining marginally by 0.01%, while Nifty Pharma also faced minor selling pressure with a decline of 0.41%.Ajit Mishra – SVP, Research, Religare Broking Ltd, said that technically the recovery after retesting the crucial short-term support level, the 20-day exponential moving average (20 DEMA), has eased some pressure."The outlook could improve further with renewed strength in the banking and financial sectors after their consolidation phase. We maintain our view of adopting a 'buy on dips' strategy, with a focus on selective stock picking, unless the Nifty decisively breaks below the 24,500 mark," said Mishra.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
India Today
13-05-2025
- Business
- India Today
Sensex ends 1,282 points lower, Nifty below 24,600; Infosys down nearly 4%
Benchmark stock market indices closed lower on Tuesday, with Sensex and Nifty shedding over 1.5% as investors indulged in profit booking. IT stocks took the worst hit, further driving the decline on Dalal S&P BSE Sensex was down by 1,281.68 points to end at 81,148.22, while the NSE Nifty50 lost 346.35 points to close at 24, Kewat, Technical and Derivatives Analyst, Ashika Institutional Equity, said that geopolitical tensions remained in focus as market participants monitored the fragile ceasefire between India and Pakistan, adding to the cautious Sun Pharmaceuticals emerged as the top gainer on Sensex, rising 0.84%, followed by Adani Ports which added 0.48%. Bajaj Finance edged up 0.29%, while State Bank of India gained a modest 0.04%. Tech Mahindra rounded out the gainers with a marginal increase of 0.03%.Infosys witnessed the steepest decline, plunging 3.54%, followed by PowerGrid Corporation which dropped 3.40%. Eternal fell 3.38%, HCLTech declined 2.94%, and Tata Consultancy Services lost 2.88%, completing the list of worst performers for the day."The downside was primarily triggered by profit-taking and cautious investor sentiment following the sharp run-up, coupled with concerns over mixed corporate earnings results and global cues," said Vaibhav Vidwani, Research Analyst at Bonanza. Nifty Midcap100 and Nifty Smallcap100 indices ended the day on a positive note, gaining 0.19% and 0.81% respectively, while India VIX declined 1.04%.advertisementAmong sectoral indices, Nifty Media led the gainers with a rise of 1.66%, followed by Nifty PSU Bank which climbed 1.56%. Nifty Pharma advanced 1.22%, while Nifty Healthcare Index rose 0.97%. Other sectors that closed in the green included Nifty Consumer Durables, which edged up 0.04%.Nifty IT fell 2.42%, while Nifty FMCG dropped 1.34%. Nifty Auto lost 1.00%, followed by Nifty Oil & Gas which declined 0.91%. Nifty Private Bank and Nifty Financial Services fell 0.99% and 0.88% respectively, while Nifty Metal slipped 0.89% and Nifty Realty decreased 0.72%."Going forward, investors will closely watch upcoming inflation data and quarterly earnings for further direction, with expectations of volatility but underlying bullishness intact," said Vidwani. (Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)Must Watch
India Today
02-05-2025
- Business
- India Today
Sensex ends 260 points higher, Nifty above 24,300; Adani Ports gains 4%
Benchmark indices ended the session in green, but gains eroded sharply from morning highs amid profit booking and a rise in market S&P BSE Sensex rose 259.75 points to close at 80,501.99, while the NSE Nifty50 ended just 12.50 points higher at 24, benchmarks had surged in early trade, buoyed by positive global cues and buying across sectors. However, the momentum faded as the day progressed, with investors locking in profits at higher A marginal uptick in volatility also weighed on sentiment, leading to a pullback in several frontline broader markets reflected the caution, with mid-cap and small-cap indices turning mixed after a strong start. Several stocks in these segments came under pressure, reversing early Kewat, Technical and Derivatives Analyst at Ashika Institutional Equity, said, 'The improved early sentiment was fuelled by easing concerns over a potential trade war between the U.S. and China, following China's indication of willingness to engage in trade negotiations. Furthermore, foreign institutional inflows lent additional support to the domestic market. Despite this, gains were capped due to investor caution arising from escalating geopolitical tensions between India and Pakistan.'He added that the session was marked by 'pronounced volatility, with significant movement seen on both sides of the trade.'advertisementBroader market indices mirrored the choppy trend. After a strong start, several mid-cap and small-cap stocks came under pressure, leading to a mixed closing. Among sectors, Oil & Gas, Financial Services, and Information Technology outperformed, while Consumer Durables, Metals, Realty, and Pharmaceuticals witnessed the derivatives front, 83 stocks ended with gains, while 138 declined. Notable open interest build-up was seen in Federal Bank, Phoenix Mills, PNB Housing, JSW Steel, and Indus Watch
The Print
24-04-2025
- Business
- The Print
Indian stocks dip after seven-day gains; diplomatic retaliation to Pahalgam attack dampened sentiment
At the end of the trading, Nifty 50 at the National Stock Exchange (NSE) stayed at 24,246.70, declining 82.25 or 0.34 per cent, while the BSE Sensex dipped about 315 points or 0.39 per cent at 79,801.43. Mumbai (Maharashtra) [India], April 24 (ANI): Indian equity benchmarks, Sensex and Nifty, ended in negative territory after seven sessions of gains, perhaps due to the diplomatic actions against Pakistan by the government following the dastardly terror attacks in Pahalgam. At NSE, HUL, Bharti Airtel, Eicher Motors, ONGC, and Shriram Finance were the major losers, while UltraTech Cement, Grasim Industries, Tata Motors, and Tata Consumer were the gainers. The geopolitical tensions between India and Pakistan triggered the volatility, impacting sectors such as energy and infrastructure. The Nifty, today, opened on a flat note at 24,277 and registered an intraday high of 24,347, while the day's low was marked at 24,232. Throughout the session, the index traded largely sideways, with a mild negative bias, reflecting a lack of clear direction amid subdued market participation. 'Investor sentiment remained cautious, weighed down by rising geopolitical tensions between India and Pakistan in the wake of the Pahalgam terror attack. The broader market tone was reflective of this unease,' Sundar Kewat, Technical and Derivatives Analyst, Ashika Institutional Equity. On the sectoral front, Pharma, Media, Metals, and Healthcare managed to close in the green, offering some resilience. In contrast, Realty, Consumer Goods, Consumption, and IT sectors ended in the red, dragging the market lower. In the derivatives segment, 99 stocks recorded gains while 122 declined. 'Overall, the market ended on a cautious note, with participants preferring to stay on the sidelines amid heightened geopolitical uncertainty,' Kewat said. Observing the markets, Vinod Nair, Head of Research, Geojit Investments Limited, said, 'The domestic market witnessed mild profit booking after the recent rally. Similarly, global markets too experienced selling pressure as the market participants scaled back the possibility of a quick resolution of tariff disputes between the US and China.' He added that the FMCG majors' Q4 results were weak, which was impacted by subdued volumes and margin pressure, causing the sector to underperform. 'However, benign input prices and improvement in urban & rural demand are expected to revive the sector, which is available at reasonable valuations,' he said. (ANI) This report is auto-generated from ANI news service. ThePrint holds no responsibility for its content.
