Extramarital affair, blackmail leads to man’s murder in Hyderabad

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Hyderabad, May 13 | Extramarital relations after friendship over Facebook and an attempt to blackmail the woman with her obscene video clip led to the murder of a 32-year-old man in Hyderabad.

CCTV footage of the attack on the victim by another Facebook friend of the woman and his aide surfaced on Friday, more than a week after the assault.

Police have already arrested M. Swetha Reddy (32) for killing her paramour M. Yashma Kumar.

K. Ashok (28) and his aide K. Karthik (30), both residents of Andhra Pradesh, have also been arrested.

CCTV footage shows how the victim, who was on his two-wheeler, was attacked with a hammer near Swetha Reddy’s house in Prashanti Hills under Meerpet police station of Rachakonda police commissionerate on the night of May 4.

Kumar collapsed on the ground and some passersby shifted him to a hospital, where he succumbed two days later.

Police initially treated it as a case of road accident. However, following the autopsy report and some detailed investigations, shocking details came to light.

Swetha Reddy, wife of a software engineer, had developed friendship with Kumar, a photographer and resident of Bagh Amberpet area in the city, in 2018. Soon, their relationship became intimate.

The police investigation revealed that during a video call, Kumar asked her to get undressed and when she complied he recorded it. He then started threatening to share the video clip with her family members if she didn’t marry him.

Kumar was also roaming around the woman’s house on his bike to blackmail her. Panicked over his threats, Shweta Reddy contacted her another Facebook friend Ashok, a resident of Vijayawada. Ashoka with his aide Kartik came to Hyderabad and the trio hatched a plot to eliminate Kumar.

As per the plan, the woman called Kumar to her house on May 4. When he reached near the house, Ashok and Kartik, who were waiting in ambush, attacked him. They hit on his head with a hammer. He fell unconscious and slipped into coma.

Police solved the murder mystery after analysing Kumar’s call data. Since the last call on her mobile was made by Shweta Reddy, they questioned her and she finally confessed to the crime.

She also told the police that after calling Kumar, she had changed her mind and had sent a message to Ashok and Kartik to leave him. but by then they had executed the plot.

Source: IANS

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Weekly Technical Share Market Outlook

Weekly Technical Share Market Outlook

The Indian market recovered sharply on the last trading day amid the weekend after a continuous fall. Market has managed to halt above 16000 Nifty levels after continuous losing streak. Index reacted violently, grasping Indian as well as global factors throughout the week. Simultaneously, Inflation is catching up and profit margins are taking a hit.

 

Sensex advanced 1532 points or 2.90 percent while Nifty gained 484 points or 3.07 percent in a week. Simultaneously, Bank nifty has overcome bear’s dominance ending the session with 3.49 percent gain. Sectorally,Nifty Metal saw the highest gains of 7.40 percent followed by the Realty and Auto added over 4% gain. On the flip side Nifty IT tumbled 2.82 percent on weekly basis. Midcap and Small Cap measures rising nearly 2 percent as well.

In Nifty stock, EICHERMOT gained 11.31% while TECHM lost 5.98% on a weekly basis. INDIA VIX closes at 23.10 suggests volatility driven market is going to remain intact. Coming to the OI Data, on the call side highest OI witnessed at 17000 Nifty followed by 16800 Nifty strike price while on the put side, the highest OI was at 16000 Nifty followed by 15800 Nifty strike price. Technically, Nifty has formed a Tweezer Bottom type pattern in the weekly chart suggesting a short term buying rally may drive the market until monthly expiry. On the daily chart, price has rebounded from the lower Bollinger band as well.

Momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone. However, Index is still struggling to get the support of 50 Simple Moving Average in daily chart. Short term investors and traders are advised to work with option strategies to neutralize the volatility. Overall, Nifty is having support at 15700 mark while on the upside 16700 followed by 16500 may act as an immediate resistance. While Bank nifty has support around 32500 while resistance is placed at 36000 on weekly chart.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

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