B’deshi criminal shot dead in Lucknow police encounter

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Lucknow, Oct 18 | A Bangladesh criminal, carrying a cash reward of Rs 50,000, was killed in an encounter with the police in Lucknow on Monday.

Nilabja Choudhary, Lucknow joint commissioner of police, crime, said: “Hamza was the mastermind of three dacoities which took place in Lucknow and Varanasi in a span of last two years. Hamza also had a record of committing robberies in four states including Delhi.”

Choudhary further said that Hamza hailed from Khulna district of Bangladesh and entered India by paying bribe of Rs 10,000 along with his gang members.

Hamza’s name surfaced during questioning of three members of the same gang who were arrested last week.

The police official said that around 2.45 a.m, a police patrol spotted some men wielding guns near Lohia park in Gomti Nagar and asked them to stop.

They began running following which police personnel chased them, but the assailants also opened fire at the police team while trying to flee.

The police also opened fire and one miscreant suffered injuries and fell on the ground while others escaped.

Later, the injured person was rushed to nearby hospital where he was declared brought dead. He was identified as Hamza.

Three cops were also injured in the exchange of fire.

Source: IANS

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Weekly Fundamental Market Outlook

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This week, the Indian Stock Market rebounded strongly and ended with first weekly gain of 2.7% in June as a drop in commodity prices offered some relief from broadening inflationary pressures. Copper prices, which are often seen as a bellwether for economic output due to their wide range of industrial and construction uses, are heading for their worst week in a year, while oil prices have dropped over concerns of slumping demand.

While the US recessionary fears are still at the forefront, but the slide in commodity prices has lifted the mood of stock market.Cheaper oil is usually beneficial for oil-importing countries such as India.

Domestically, on sectorial basis, Auto and FMCG are the top gainers, while Metal index is the top losers. On stock basis, Hero MotoCorp, Eicher Motors, Hindustan Unilever, Maruti Suzuki and M&M were the top gainers and Tata steel, UPL, Reliance Industries, hindalco Inds and Coal India were the top losers.

In the next week, investors will keep a close eye on crude oil price movement, commodity prices, US economic activity and the geopolitical development.

 

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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