Indian equity markets could remain range-bound in Tuesday's session as the Nifty faces a crucial resistance zone around 23,520-23,550 amid persistent geopolitical uncertainty and elevated energy prices. This comes as GIFT Nifty rises 0.34% to 23,519.50 after Brent crude fell below $100. According to Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities, the 23,520-23,550 zone is likely to act as an important resistance area for the Nifty in the near term. "A sustained move above 23,550 could extend the ongoing pullback rally towards the 23,700 mark in the short term," Shah said. On the downside, the 23,330-23,300 zone is expected to provide crucial support. Shah said a breach below 23,300 could weaken the near-term structure and potentially result in the index resuming its corrective trend. Market participants are also keeping a close watch on crude oil prices and geopolitical developments, which could influence the sustainability of the recent re...
The Narcotics Control Bureau (NCB) has arrested Danish Chikna, a close aide of fugitive gangster Dawood Ibrahim and "kingpin" of a drug syndicate, from Goa, officials said on Wednesday.
Danish Chikna alias Danish Merchant, who had been on the run, looked after operations of the drug network linked to Dawood's gang in the country, an official said.
The NCB has arrested Danish and three other persons and seized 1.341 kg of mephedrone from their possession, he said.
Based on intelligence inputs, the NCB Mumbai on September 18 intercepted a person in Pune, from whom 502 gm of mephedrone was seized.
In the immediate follow-up, 839 gm of the contraband was seized from another drug associate at the home of Danish and his wife in Mumbai, the official said.
During the probe, Danish, the "kingpin", and his wife were identified to be operating the drug syndicate. They had been on the run and travelled across multiple states to dodge the movement trail, he said.
After intensive follow-up action, they were located at a holiday resort in Goa.
The NCB team apprehended them from the resort in Goa on October 25. After interrogation, both were placed under arrest, the NCB said in a statement.
Danish is a habitual drug offender. The NCB and Rajasthan police had previously registered three cases against him under the Narcotic Drugs and Psychotropic Substances (NDPS) Act, according to the official.
The Mumbai police have also registered seven criminal cases against him. The police had externed him, ordering him to stay out of the Mumbai municipal limits, the statement said.
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from NDTV News- Special https://ift.tt/FnoGeai
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