According to market analysts, the rise in the stock market may continue for the coming week after the US market showed a robust performance. The coming week will see the dominance by the corporate earnings releases and the highly anticipated Federal Open Market Committee (FOMC) meeting which is scheduled for April 30 to May 1. Despite looming challenges anticipated for May, the experts highlighted that overall Asian Markets are self-assured to carry forward the bullish sentiment as April draws to a close. Also Read: Woman held for killing man after hitting him on his private parts "We expect positive markets this week, driven by continued corporate earnings catalysts, and In India, we expect sideways to slightly positive markets this week. The strong earnings and guidance from US Big Tech bolstered the market last week said Ajay Bagga, Market and Banking expert. "Nifty continues to remain in an uptrend in the medium term. For the week, we expect Nifty to trade in the range of 22900-22000 with mixed bias" said Rajesh Palviya SVP Research (Head Technical & Derivatives) Axis Securities Ltd. If Nifty crosses and sustains above 22600 level it would witness buying which would lead the index towards 22800-22900 levels, said Rajesh Palviya SVP Research Axis Securities Ltd. The anticipated rate cuts by the Federal Reserve in 2024 are expected to diminish real yields, rendering gold and silver more appealing as non-yielding assets, and the continuous global uncertainties, encompassing geopolitical tensions and economic instabilities, bolster the allure of gold and silver as safe-haven assets and can pose a risk on the market. In the last week, the benchmark indices continued positive momentum, the Nifty ended 1.23 per cent higher while the Sensex was up by 642 points. Among sectors, all the major sectoral indices registered buying interest but the PSU Bank index outperformed and gained 6.5 percent. During the week, the market bounced back sharply but on last Friday it witnessed profit booking at higher levels. (With ANI Inputs)
28 April,2024 06:15 PM IST | Mumbai | mid-day online correspondentA woman was held in Maharashtra's Nagpur for allegedly killing a man, a property dealer, she was allegedly in a relationship with by hitting him on his private parts with a blunt object, a police official said on Sunday, reported the PTI. The body of the man who was identified as 55-year-old Ravindra Kudwe was discovered on April 19 and the post mortem report stated the cause of death as "shock resulting from testicular injuries", after which a murder probe began, said the Hudkeshwar police station official said, as per the PTI. "His son told us the deceased was in a relationship with one Kajal Joge (27), who was now planning to marry someone else but wanted the deceased to fund the ceremony. This caused a dispute leading to the murder," the official said, the news agency reported on Sunday. "She hit Kudwe on the testicles with a blunt object in a flat in Akash Nagar on April 19. She was arrested on Saturday and has been charged with murder," the official said, the news agency reported. 28-year-old woman held for killing brother with boyfriend's help in Nagpur A 28-year-old woman, her mother and two others including her boyfriend have been arrested for allegedly killing her brother for his alcohol-fuelled violence in Maharashtra's Nagpur district, police said on Sunday, reported the PTI. The Nagpur Police in Maharashtra on Saturday arrested Abha Ughade, her mother Deepali Ughade (54), her boyfriend Atul Raju Bhamode (31) and one Pappu Shyamalal Burde (28), an official said, as per the PTI. The victim, Rajat Ughade (26), a resident of Ashirwad Nagar, was allegedly strangled to death, and his body was dumped in Khindsi Lake Ramtek on April 16, he said. The two accused women had lodged a missing person's complaint for the victim, he said. Abha, a divorcee, was living with her mother and brother and was upset with his violent behaviour under the influence of alcohol, the official said, according to the PTI. Abha allegedly enlisted her boyfriend Atul's help to kill her brother and offered to pay him money to carry out the murder, he said. Atul and his friend Pappu lured the victim on the pretext of taking him out for a drink, strangled him and disposed of the body in the lake at Abha's insistence, the official said, adding that she allegedly paid the duo Rs 10,000, the news agency reported on Sunday. Following interrogation, Abha confessed to being involved in the murder, he said. (with PTI inputs)
28 April,2024 05:28 PM IST | Nagpur | mid-day online correspondentA 28-year-old woman, her mother and two others including her boyfriend have been arrested for allegedly killing her brother for his alcohol-fuelled violence in Maharashtra's Nagpur district, police said on Sunday, reported the PTI. The Nagpur Police in Maharashtra on Saturday arrested Abha Ughade, her mother Deepali Ughade (54), her boyfriend Atul Raju Bhamode (31) and one Pappu Shyamalal Burde (28), an official said, as per the PTI. The victim, Rajat Ughade (26), a resident of Ashirwad Nagar, was allegedly strangled to death, and his body was dumped in Khindsi Lake Ramtek on April 16, he said. The two accused women had lodged a missing person's complaint for the victim, he said. Abha, a divorcee, was living with her mother and brother and was upset with his violent behaviour under the influence of alcohol, the official said, according to the PTI. Abha allegedly enlisted her boyfriend Atul's help to kill her brother and offered to pay him money to carry out the murder, he said. Atul and his friend Pappu lured the victim on the pretext of taking him out for a drink, strangled him and disposed of the body in the lake at Abha's insistence, the official said, adding that she allegedly paid the duo Rs 10,000, the news agency reported on Sunday. Following interrogation, Abha confessed to being involved in the murder, he said. Meanwhile, in an another incident, a woman was arrested in Nagpur for allegedly killing a property dealer she was in a relationship with by hitting him on his private parts with a blunt object, a police official said on Sunday, the PTI reported on Sunday. The body of 55-year-old Ravindra Kudwe was discovered on April 19 and the post mortem report stated the cause of death as "shock resulting from testicular injuries", after which a murder probe began, said the Hudkeshwar police station official said. "His son told us the deceased was in a relationship with one Kajal Joge (27), who was now planning to marry someone else but wanted the deceased to fund the ceremony. This caused a dispute leading to the murder," the official said. "She hit Kudwe on the testicles with a blunt object in a flat in Akash Nagar on April 19. She was arrested on Saturday and has been charged with murder," the official said. (with PTI inputs)
28 April,2024 05:18 PM IST | Nagpur | mid-day online correspondentThe Latur district administration in Maharashtra has banned flying of drones till the intervening night of April 30-May 1 and also imposed traffic regulations on several roads ahead of PM Modi's rally on April 30, an official said on Sunday, reported the PTI. These curbs are in view of Prime Minister Narendra Modi's Lok Sabha elections 2024 rally in Birle Farm in Latur on April 30, the Bharatiya Janata Party's (BJP) Latur district in charge Kiran Patil told the PTI. "The order to ban drones from till midnight of April 30-May 1 has been ordered by Collector Varsha Thakur-Ghuge. She has also imposed curbs on heavy vehicles between 12 noon and 5pm on April 30 on several roads," a district official said, as per the PTI. Meanwhile, BJP leader Kiran Patil said that the PM Modi's rally will begin at 12:30 pm and will be attended by Maharashtra Chief Minister Eknath Shinde and Deputy CMs Devendra Fadnavis and Ajit Pawar. BJP's sitting MP Sudhakar Shrangare is pitted against Congress' Shivaji Kalge in Maharashtra's Latur. Voting will take place on May 7, while results will be declared on June 4. PM Modi to address rally in Pune on April 29: Chandrakant Patil Meanwhile, PM Modi will address a Lok Sabha elections 2024 rally in Maharashtra's Pune on April 29, the Bharatiya Janata Party (BJP) leader Chandrakant Patil said on Friday, reported the PTI. The ruling alliance comprising the BJP, Maharashtra CM Eknath Shinde-led Shiv Sena and the Ajit Pawar-led Nationalist Congress Party (NCP)on Friday held a meeting to review preparations for Prime Minister Narendra Modi's Lok Sabha poll rally in Pune on April 29, according to the PTI. A massive crowd of two lakh people will attend the rally to hear the PM's speech, senior Maharashtra BJP leader Chandrakant Patil said, as per the PTI. Chandrakant Patil, who is state higher and technical education minister, attended the meeting along with Deputy CM Ajit Pawar, Rahul Kul and Vijay Shivtare, the news agency reported. "PM Narendra Modi will hold a rally in Maharashtra's Pune on April 29 at Race Course. We are expecting 2 lakh people for the rally. Party functionaries from Pune, Maval, Baramati, Shirur will be present on April 29. We held a meeting today to review preparations," he said, reported the PTI. "PM Modi will stay at Raj Bhavan in Pune on April 29. There are no plans about the PM's roadshow. MNS chief Raj Thackeray's son Amit Thackeray will also attend the rally," Chandrakant Patil said. (with PTI inputs)
28 April,2024 05:06 PM IST | Latur | mid-day online correspondentThe Election Commission of India the polls conducted in the Outer Manipur Parliamentary Constituency as void. The polls were conducted at six polling stations and ECI also announced that fresh elections in these stations will be held on April 30. "The Election Commission of India has, under Sections 58(2) and 58A(2) of the Representation of the People Act, 1951, directed that the poll taken on April 26, 2024 (Friday) in respect of 6 polling stations listed in the table below of 2- Outer Manipur (ST) Parliamentary Constituency to be void and appointed April 30, 2024 (Tuesday) as the date for taking fresh poll at the said polling stations with hours of poll from 7:00 AM to 4:00 PM," an official statement said. Also Read: Five dead, 33 injured as Tornado hits Southern China Chief Electoral Officer, Pradeep Kumar Jha further appealed to the voters of these polling stations to come out in large numbers to exercise their franchise. Voting for the 2024 Lok Sabha concluded in Manipur as 13 of the Assembly segments in the State's Outer Manipur constituency cast their votes in the second phase of polling on Friday. After reportedly multiple incidents of violence took place during the first phase of polling on April 19, re-polling was held in 11 polling stations of the Inner Manipur constituency on April 22. The next round of polling will be held on May 7 and the counting of votes and result will be out on June 4. (With ANI Inputs)
28 April,2024 05:04 PM IST | Imphal (Manipur) | mid-day online correspondentThe Nationalist Congress Party (SP) chief Sharad Pawar on Sunday said that the Bharatiya Janata Party (BJP) wants to win 400-plus seats in the Lok Sabha elections 2024 in order to make changes in the Constitution, reported the PTI. Addressing a campaign rally in Saswad tehsil in Maharashtra's Pune, which is part of Baramati Lok Sabha constituency, Sharad Pawar said that this year's general election is different from earlier ones since it will decide "by which method the country will work", as per the PTI. "The chief minister of Delhi (Arvind Kejriwal) is put behind bars. They (BJP) are walking on the path of dictatorship and are destroying democracy. Therefore, to save our nation we need to defeat them," he said, the news agency reported on Sunday. "This Lok Sabha poll is different from earlier ones as it will decide by which method our country will work. The nation should run as a democracy but we are worried. They (BJP) want more than 400 seats to make changes in the Constitution," Sharad Pawar claimed, according to the PTI. The NCP (SP) has fielded sitting MP and Sharad Pawar's daughter Supriya Sule from Baramati. She is up against Maharashtra Deputy Chief Minister Ajit Pawar's wife Sunetra Pawar. "Wherever I go I can see man blowing turha symbol. Vote for Supriya Sule and make her victorious with a huge margin. We will strive for development and welfare of people," the opposition stalwart said. There will be protests in every taluka if his party's Satara candidate is arrested, warns Sharad Pawar Meanwhile, Sharad Pawar on Saturday said that he will ensure democratic protests in every taluka of Maharashtra if his party's candidate from Satara, Shashikant Shinde, was arrested, reported news agency PTI. Speaking at a Lok Sabha elections 2024 rally in Satara, Pawar said a case was registered against Shinde in the "APMC FSI matter" on Friday night. "Attempt is being made to bar him from contesting elections. If that happens and he is arrested, I will ensure that each and every taluka (tehsil) protests in a democratic manner," the veteran politician said, reported PTI. (with PTI inputs)
28 April,2024 03:34 PM IST | Pune | mid-day online correspondentThe Indian Meteorological Department on Sunday issued a high temperature warning for 12 districts in Kerala over the next five days, amid the severe heat in parts of the state, the PTI reported. According to the PTI, in Kollam, Palakkad, and Thrissur districts of Kerala, there's a possibility of a heat wave in certain areas, according to the IMD and the Kerala State Disaster Management Authority. "Maximum temperatures are very likely to be around 41°C in Palakkad district, around 40°C in Kollam and Thrissur districts, around 38°C in Kottayam, Pathanamthitta, Kozhikode and Kannur districts, and around 37°C in Alappuzha, Ernakulam, Malappuram and Kasaragod districts, and around 36°C in Thiruvananthapuram district (3 to 5°C above normal) during 28th April to 2nd May 2024," the weather agencies said, as per the PTI. These districts are expected to experience hot and humid weather conditions, excluding hilly areas, from April 28th to May 2nd, due to elevated temperatures and humidity levels, they added. Additionally, there is a likelihood of heat wave conditions occurring in one or two locations within Kollam, Palakkad, and Thrissur districts specifically on April 28th and 29th, the agencies added, the news agency reported on Sunday. Odisha reels under severe heatwave Meanwhile, Odisha reeled under severe heatwave conditions on Thursday with Jharsuguda recording the maximum temperature of 43.8 degrees Celsius, officials said, according to the PTI. The news agency earlier reported, Baripada sizzled at 43.6 degrees Celsius, followed by Nuapada (43.5), Talcher (43.4), and Boudh (43.2). Parts of Odisha including Kendrapara, Cuttack and Bolangir town recorded a maximum of 43 degrees C, according to the Meteorological Centre at Bhubaneswar. The maximum temperature would rise by 2-4 notches over the next four days, officials said, as per the PTI. "The heatwave would continue across the state from April 26 to 29," said Meteorological Centre's Director Manorama Mohanty, the PTI had earlier reported. A red alert for a severe heatwave was issued for nine districts, including Gajapati, Ganjam, Balasore and Mayurbhanj. The Met Centre advised people to take precautionary measures while going out between 11 am to 3 pm. (with PTI inputs)
28 April,2024 03:01 PM IST | Thiruvananthapuram (Kerala) | mid-day online correspondentThe Delhi High Court has sought the Central government's reply to the request to reinstate summer and winter vacations in the calendar of the National Consumer Disputes Redressal Commission (NCDRC). Justice Subramonium Prasad has issued a notice and found a response from the Central government within three weeks. Also Read: CPI(M) to support Congress in all but one LS seats in Telangana Unlike the NCDRC, which operates year-round, certain State and District Commissions observe vacations ranging from 13 to 47 days, including summer, winter, and Dussehra breaks. The court's notice comes in response to a petition filed by the All India Bar Association of National Consumer Disputes Redressal Commission seeking to revert to the pre-Covid calendars for the NCDRC, aligning them with the schedules of the Supreme Court and other tribunals and commissions. In the meantime, the petition requests that no further cases be listed during the month of June and the last week of December, except for urgent matters, that too with the request of advocates or parties. The request is scheduled for the next hearing on May 20. (With IANS Inputs)
28 April,2024 02:52 PM IST | Mumbai | mid-day online correspondentThe CPI (M) on Saturday said it would extend its support to the Congress in the 16 seats out of 17 Lok Sabha seats in the ongoing parliament elections and it would also hold long and careful consideration of the subject internally with regard to the Bhongir constituency. Later, CPI (M) state secretary Tammineni Veerabhadram met Chief Minister and state Congress president A Revanth Reddy and discussed the Lok Sabha elections. Also Read: Engineering student shot dead by girlfriend's father in Ghaziabad Following that CPI (M) is contesting for the Bhongir seat, Tammineni Veerabhadram said that the Chief Minister wanted the party to withdraw from the contest and support Congress. He also pointed out that an alliance could not happen between two parties, for which he said his party sought Congress' support in Bhongir in the Lok Sabha polls. Some political proposals were made but no decision has been taken on them, he said. The CPI(M) decided to remain in the fray in Bhongir and that any change of stance will have to be discussed within the party, he said. It would be conveyed after a decision is made, he said. Despite the confusion with regard to Bhongir, CPI(M) supports Congress in the remaining 16 seats, he said. Meanwhile, Revanth Reddy said the talks were held as per the directives of the AICC president Mallikarjun Kharge and that CPI(M) broadly decided to support Congress to defeat the BJP. He expressed confidence that a few other contentious issues would be resolved soon. (With PTI Inputs)
28 April,2024 02:30 PM IST | Mumbai | mid-day online correspondentA 25-year-old engineering student was shot dead by the father of a woman with whom he was in a relationship. Following the case, Deputy Commissioner of Police (Rural) Vivek Chandra Yadav said, "One Vipul, a BTech student, was shot dead in a flat in the Crossing Republic area around 3.30 am on Friday." Also Read: BJP accuses Rahul Gandhi of insulting Rajput community, demands apology Accused Rajesh Kumar Singh retired from the Border Security Force (BSF) and is currently working for a private security company. Also Read: "Mandi will teach a lesson to Congress's princes": Kangana Ranaut "The victim was allegedly in a relationship with the daughter of the accused," the officer said. "The accused reached the flat in the night and had an altercation with Vipul after which Singh shot him five times," he added. Rajesh Kumar Singh was against Vipul's relationship with his daughter. The body has been sent for post-mortem and an investigation has started following the case. (With PTI Inputs)
28 April,2024 02:14 PM IST | Ghaziabad (UP) | mid-day online correspondentThe Bharatiya Janata Party has indicted Congress leader Rahul Gandhi for insulting the Rajput community by giving his recent remarks as "Maharajas." Also Read: "Mandi will teach a lesson to Congress's princes": Kangana Ranaut Bharatiya Janata Party Information & Technology cell chief Amit Malviya on Saturday shared a video of Congress leader Rahul Gandhi saying that, "Rahul Gandhi should immediately apologise to the Rajput community, for this offensive comment." Taking to X: Rahul Gandhi should immediately apologise to the Rajput community, for this offensive comment. pic.twitter.com/f0CvcItrqI — Amit Malviya (मोदी का परिवार) (@amitmalviya) April 27, 2024 Also Read: Harvey Weinstein hospitalized after his return to New York In the video, the Wayanad MP was heard saying: "It was the rule of kings and Maharajas, they could do whatever they wanted. If they wanted someone's land, they took it away. The Congress party and our workers, along with the people of the country, achieved independence, brought democracy and gave the Constitution to the country." The video was reportedly from a Lok Sabha poll campaign rally in Karnataka during which Rahul Gandhi made the remarks. (With IANS Inputs)
28 April,2024 01:58 PM IST | New Delhi | mid-day online correspondentADVERTISEMENT
