After 9 years in jail, K’taka court acquits father-son duo

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Dakshina Kannada (Karnataka), Oct 22 | The third additional district and sessions court in Dakshina Kannada district has acquitted Vittala Malekudia and his father Lingappa Malekudia who were arrested and charged for having ties with Maoist elements nine years ago.

The two were acquitted on Thursday.

Anti-Naxal Force (ANF) had arrested the father and son on March 3, 2012 on charges of having Maoist connections.

During the search of their home, ANF officers had taken a book on freedom fighter Bhagat Singh, a binocular and other 36 items into custody. His write up on boycotting of elections was considered a seditious act. The case was registered at Venur police station. The charge sheet by the ANF mentioned Vittala Malekudia as the sixth accused, and his father Linganna Malekudia as the seventh accused.

Vittala Malekudia was studying his first year in Journalism at Mangaluru University at the time of his arrest. He had attended examinations while in custody. The photos of Vittala Malekudia writing exams in handcuffs had gone viral. Viittala was coordinating with journalists to highlight the plight of the Malekudia community.

Judge Basappa Balappa Jakati gave the order of their acquittal. Advocate Dinesh Ulepady appeared for the acquitted persons.

Source: IANS

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Share Market Closing Bell: Nifty ends below 16,100, Sensex falls 303 pts

Share Market Closing Bell: Nifty ends below 16,100, Sensex falls 303 pts

Dalal Street found no relief with incessant sell off during the month. Nifty traded on a bearish note and ended at 16025.80 with loss of 99.35 points or 0.62 percent following weak global cues on Wednesday. While Banknifty closed at 34339.50 on the higher side with marginal gain of 49.35 points.

bhaskarlive market closing

The weakness in US stocks is playing out globally with signs of higher inflation, which has spoiled investors’ appetite for the Indian market as well. Rising India VIX to 25.28 has led Indices to big intraday swings on both sides. Sectorally maximum sectors closed on the negative side as Nifty IT and Nifty Media sheds more than 3 percent each. While Nifty Financial Services ended on a positive side gaining 0.68 percent.

In nifty stocks, NTPC, HDFCLIFE, SBILIFE were the top gainers while ASIANPAINT, ADANIPORT and TECHM were the prime laggards. Coming to the OI Data, on the call side highest OI witnessed at 16200 followed by 16300 strike price while on the put side, the highest OI was at 15800 strike price. Technically, Nifty has formed three black crow patterns in the daily chart suggesting bearishness would remain intact. We expect a rise in volatility as well on monthly expiry day.

Riding against the trend may not be beneficial for short term traders. All major moving averages are lying above 16300 levels. Indicators such as MACD and RSI are still struggling to overcome the oversold zone in the daily time frame. Overall, Nifty is having support at 15800 mark while on the upside 16300 may act as an immediate resistance for monthly expiry. While Banknifty has support around 33500 while resistance is placed at 35200 on the daily chart.

Om Mehra
Research Associate
Choice Broking

Source: Choice India

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