Bollywood film on Kanpur I-T raid announced


Varanasi, Dec 29 | Noted filmmaker Kumar Mangat Pathak has announced that he will make a film, titled ‘Raid-2’ on the recent Income Tax (I-T) raids in Kanpur and Kannauj on perfumer Piyush Jain.

Pathak made the announcement during a panel discussion at the three-day ‘Kashi Film Festival’ in Varanasi on Tuesday evening.

Pathak, who had earlier produced the Ajay Devgn starrer ‘Raid’, said that this film only showed that money can come out of walls too, whereas in the recent I-T raids in Kanpur and Kannauj, the money actually started coming out of the walls.

He said that the scene of money coming out of the walls will also be shown in his film ‘Raid 2’.

Meanwhile, during the panel discussion, actor Anupam Kher praised the Uttar Pradesh government for the development of the film city in the state.

He said that with the initiative of the state government, artists living in different cities of the state would also get a platform to showcase their talent.

He further added that artists across the world will also get a chance to showcase their acting skills along with mastery of music and dance.

Thousands of people joining the film industry will get employment opportunities.

Source: IANS

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Share Market Closing Bell: Market ends marginally lower amid volatility

Share Market Closing Bell: Market ends marginally lower amid volatility

Dalal Street witnessed tug of war between bulls and bears as Sensex settled at 54208.53 losing 109 points or 0.20 percent and Nifty ended at 16240.30 with loss of 19 points. Bank nifty closed the session at 34163.70 levels with loss of 138 point after erasing early session gain.

BSE Midcap and BSE Small cap indices turned flat after rising around half a percent each. On the sectorial front, Nifty Pharma and FMCG have contributed a percent each on a closing basis. On the flip side Nifty Realty, Nifty PSE ended with losses of 1.75 percent and 1.73 respectively. In Nifty stocks, TATACONSUM, CIPLA and ADANI PORT were the top gainers while POWERGRID, BPCL and TECHM were the prime laggards.

In the daily chart Nifty has ended with a bearish candle. However 16200 levels are protected throughout the day. Index might face high volatility on weekly expiry day. Riding against the trend may not be beneficial for short term traders. According to volume profile 16100 and 16000 may act as immediate support.

Indicators such as MACD and RSI are still struggling to overcome from oversold zone in the daily time frame. From the time cycle prospect Index would remain highly volatile till 27th May of this month. Bollinger band indicates 16650 would remain strong resistance in coming days. On the other hand, Bank nifty has support at 33400 levels while resistance at 35000 levels.

Om Mehra
Research Associate
Choice Broking

Source: Choice India


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