Kerala HC asks Police to probe actor Dileep’s complaint of media trial

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Kochi, Jan 18 | The Kerala High Court on Tuesday asked the State Police Chief to enquire into the allegations raised by actor Dileep that the media was flouting the trial court’s order restricting the publication of matters related to the 2017 actor assault case till the conclusion of the trial.

Dileep is an accused in the actress abduction case and after being in jail for several weeks he got bail and when the trial in the case was in the last lap, early this month a film director Balachandra Kumar, also a friend of the actor made fresh statements related to the case by giving an interview to a TV channel here, landing the actor in deep trouble.

Hearing the actor’s plea the Court said that the allegations if found to be true, should be handled with prompt action as prescribed by law.

The State challenged the maintainability of the petition and further argued that there was an alternate remedy available to the petitioner before the trial court.

To this, the actor’s counsel said that due to the lack of a Prosecutor at the trial court for this case, the matter was not making any progress and that it is merely getting adjourned.

Dileep’s grouse was that as soon as trial commenced in the case, media houses started publishing parts of witness depositions, which according to him, was a misrepresentation of facts deposed by the witnesses.

According to the actor, such publication was made at the instance of the investigating officer.

The Court also issued notice to the TV channel which had aired the interview and posted the matter after three weeks.

Kumar’s revelation was that Dileep soon after being released on bail saw the visuals which showed the beleaguered actress who was kidnapped being physically attacked by her tormentors, while she was abducted.

Until this time it was only the trial court which had seen this. and by now Kumar who made this and more disclosures has testified before the police and also a magistrate.

And based on these disclosures, the police probe team registered a fresh case and Dileep sensing that he might be arrested sought anticipatory bail and on that petition on Tuesday for the third time was shifted and it will now be heard on Friday.

Source: IANS

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Share Market Weekly Outlook for Next Week

Share Market Weekly Outlook for Next Week

Indian market plummets for the second consecutive week, seems bulls losing their upper hands in the coming days. Index reacted violently grasping Indian as well as global factors throughout the past week.

High oil prices, uncertainty amid Ukraine war, mounting inflation and prospects of aggressive monetary tightening by the U.S. Fed all contributed to poor sentiment. Undoubtedly, the biggest negative sentiment was led by continued inflation all over the world. Sensex sheds 2041.96 points or 3.72 percent while Nifty losses 629.10 points or 3.83 percent in a week. Simultaneously, Bank nifty also lost control over the bears’ dominance. Nonetheless, no sector ended in green while Nifty Energy lost 10.56 percent and remained the prime laggard followed by Nifty PSE, and Nifty Realty losing 5 to 6 percent in a week.

In Nifty stock, BAJAJ AUTO gained 4.07% while TATASTEEL lost 14.54% on a weekly basis. INDIA VIX closes at 23.48 suggesting no sign of relief in volatility. Whenever the market tanks 20% from its peak, it is technically termed as the bear market. Currently the Indian market remains at the edge of 15 percent fall. Technically, on a weekly chart, the index has formed a long bearish candle confirming change in trend from positive to negative side.

Index has also faced resistance around 16300 levels throughout the week. Indicators as RSI still remains in the oversold zone and MACD also indicating no sign of reversal. In the daily chart lower low- lower high formation suggests no major pullback is expected. Coming to the OI monthly Data, on the call side the highest OI witnessed was 16000 followed by 16500 strike price while on the put side, the highest OI was at 15500 followed by 15000 strike price. Overall, Nifty is having support at 15500 mark while on the upside 16100 followed by 16300 may act as an immediate resistance. While Banknifty has support around 32000 while resistance is placed at 34300 on weekly chart.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

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Share Market Closing Bell: Closing Bell: Nifty ends below 16,200, Sensex pares losses to close 276 pts lower

Share Market Closing Bell: Closing Bell: Nifty ends below 16,200, Sensex pares losses to close 276 pts lower

It was a volatile trading session after a positive opening, Nifty made an intraday high at 16318.75 level but showed downside momentum and tested the 16000 mark and managed to close at 16167.10 level with a loss of 72.95 points.

However, Bank nifty closed the session at 34693.15 level with a gain of 210.50 points. 31 out of Nifty 50 stocks ended in Red which suggest broad based selling. Among sectors, Bank, Commodities indices up by 0.5-0.3 percent each, while IT and Auto indices down by 1 percent each.

Stocks like ONGC, AXISBANK, INDUSINDBK, CIPLA & HDFC ended in green SHREECEM, BAJAJFINSV, LT & BAJFINANCE were the prime laggards.Technically, The Nifty has formed a Hammer Kind of candlestick pattern on a daily chart which indicates value buying from lower levels. Moreover, Nifty has taken support from the lower band of Bollinger on a Four- hourly chart which is a sign of short-term reversal in the counter.

However, the momentum indicators RSI bounced from oversold zone as well as divergence has been seen on an hourly chart which indicates bounce back momentum. The Nifty may find Strong support around 16000 levels, while on the upside 16400 may act as an immediate hurdle for the Nifty crossing above the same can attract fresh buying. On the other hand, Bank nifty has support at 33800 levels while resistance at 35500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

 

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