Depressed IIT Bombay student from MP jumps to death from hostel

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Mumbai, Jan 17 | A postgraduate student of IIT Bombay in Powai jumped off the 7th floor terrace of his hostel and ended his life, officials said here on Monday.

The victim, identified as Darshan Malviya from Madhya Pradesh was said to be battling depression for long and was under treatment.

In a purported suicide message penned on a board in his fourth-floor hostel room, he said nobody should be blamed for his act before jumping off the terrace around 4.30 a.m.

A security personnel on duty heard the loud thud and ran to investigate and found Malviya lying there in a pool of blood, and alerted the concerned hostel authorities and co-students.

They immediately rushed him to the government-run Rajawadi Hospital where he was pronounced dead and informed the Powai Police who lodged an accidental death report.

As per preliminary investigations, Malviya was suffering from depression prior to getting admission in IIT-B in mid-2021 and had been under treatment from inhouse and external experts and doctors.

Source: IANS

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Share Market Closing Bell: Nifty ends around 15,800, Sensex tanks 1,416 pts

Share Market Closing Bell: Nifty ends around 15,800, Sensex tanks 1,416 pts

On the back of Global Clues and SGX, Nifty opened on a gap down note & continued downside momentum throughout the day and closed the session at 15809.40 level with a loss of 430.90. However, Bank nifty closed the session at 33315.65 level with a loss of 848.05 points.

India VIX closed at 24.56 up by 10.13% which is a sign of more volatility in upcoming sessions.47 stocks out of NIFTY 50 closed in RED which suggest broad based selling. All the sectoral indices were ended in the red with metal, IT indices down 4-5 percent.

Despite one way fall, Stocks like ITC, DRREDDY, POWERGRID were the top gainers, While WIPRO, HCLTECH, INFY, TCS & TECHM were prime losers. On a daily chart, Nifty has formed a Bearish candle which indicates downside momentum for an upcoming session. Moreover, Nifty is showing support from horizontal line i.e., 15750 levels which is make or break level. In addition, Nifty has been sustained above the 21-Monthly Moving Average which indicates a bounce back from lower levels can be seen.

However, the momentum indicators MACD & Stochastic were trading with a negative crossover & trading in oversold zone which is a sign of sideways to negative trend in Nifty. The Nifty may find Strong support around 15700 levels, breaching below it can show more downside till 15500 levels while on the upside 16000 may act as an immediate hurdle. On the other hand, Bank nifty has support at 32800 levels while resistance at 34500 levels.

Palak Kothari
Research Associate
Choice Broking

Source: Choice India

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