The benchmark BSE Sensex plummeted by 562.88 points on Friday to hit nearly 14-month low of 25,201.90 amid heavy selling in global equities ahead of the US jobs report.

    Friday's closing was the lowest level since July 14, 2014 when the index had closed at 25,006.98.

    Experts say a strong non-farm payrolls data is expected to allow Federal Reserve to consider a September rate hike.

    "The global risk is getting highlighted with the focus mounting on the prospects of a US rate hike soon," said Vinod Nair,  head - fundamental research at Geojit BNP Paribas Financial.

    Fresh weakness in the rupee against dollar also weighed.

    On a weekly basis, the Sensex lost 1,190.48 points or 4.51% and Nifty fell 346.90 points or 4.33%. This is the fourth straight weekly plunge for both the indices.

    On the day, the NSE Nifty also cracked the 7,700-level.

    Gaurav Jain, director of Hem Securities, blamed continued selling pressure by the foreign investors, weakness in rupee and global jitters for the sell-off.

    The 30-share index stayed in the negative zone for most part of the day and touched a low of 25,119.06 before ending at 25,201.90, a steep fall of 562.88 points or 2.18%.

    The gauge had gained 311.22 points in Thursday's trade.

    The broader NSE Nifty also succumbed to all-round selling and slipped below the crucial 7,700-mark to settle the session 167.95 points or 2.15% down at 7,655.05.

    In broader markets, small-cap and mid-cap indices closed lower by 2.47% and 1.90%, respectively.

    Vedanta was the top Sensex loser, tumbling 4.84%, followed by GAIL 4.73%.

    Out of 30-share Sensex pack, 28 fell, while only Bharti Airtel and Coal India managed to buck the trend.

    Sectorally, BSE realty index suffered the most by plunging 3.32%, followed by infra 3.24%, power 3.03%, bankex 2.65%, healthcare 2.42% and IT 2.34%.

    Among other Asian markets, Japan's Nikkei fell 2.15% and Hong Kong's Hang Seng shed 0.45%, while Chinese financial markets remained closed on Friday.

    European markets were also in deep red on anticipations of a strong US jobs data.

Local court dismisses bail plea of NRI student Anmol Sarna’s four friends

  • PTI, New Delhi
  • |
  • Updated: Sep 21, 2013 11:52 IST

A Delhi court on Friday dismissed the bail pleas of the four friends of NRI student Anmol Sarna. The four, all in their 20s, have been booked under Section 22/27/29 of the Narcotic Drugs and Psychotropic Substances (NDPS) Act.

Metropolitan Magistrate Deepak Wason rejected the bail applications of Shivank Gambhir, Madhav Bhandari, Pranil Shah and Ritham Girhotra, who will remain in Tihar jail till September 30.

The court had on Thursday sent Gambhir and Bhandari to judicial custody while the remaining four accused, Shah and Girhotra, along with Surender Bali (46) and Naresh Mishra (60), were sent to Tihar jail on September 17.

Bali and Mishra were the security guards at the housing complex in south Delhi where the friends were partying on the night of the incident.

Sarna, according to the police, was murdered after a scuffle at a party at Shah’s flat in South Park Apartments in Kalkaji on September 13 night. He and his friends had reportedly consumed drugs in the party around 9pm and Sarna had become violent as the drugs took effect.

 

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