Markets rebound in early trade; Sensex jumps 1,028 points
Mumbai(PTI): Benchmark indices bounced back in early trade on Tuesday after falling in the previous trade amid positive trends in global equity markets.
The 30-share BSE Sensex jumped 1,028.28 points to 57,817.09 in early trade. The broader NSE Nifty rallied 320.3 points to 17,207.65.
Among the 30-share Sensex pack, IndusInd Bank, Bajaj Finance, Larsen & Toubro, State Bank of India, Axis Bank, ICICI Bank, HDFC, Tata Consultancy Services, Tata Steel and Bajaj Finserv were the major winners in early trade.
Power Grid traded lower. Elsewhere in Asia, markets in Seoul and Tokyo were trading higher. The US markets ended significantly higher on Monday.
The BSE benchmark had tumbled 638.11 points or 1.11 per cent to settle at 56,788.81 on Monday. The Nifty fell by 207 points or 1.21 per cent to end at 16,887.35.
Meanwhile, the international oil benchmark Brent crude futures climbed 0.53 per cent to 89.33 per barrel.
Foreign institutional investors turned buyers after remaining net sellers in the recent past and bought shares worth Rs 590.58 crore on Monday, according to data available with BSE.
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Cop crushed to death by tractor-trolley used for illegal sand mining in MP; 2 held
Shahdol (MP) (PTI): An assistant sub-inspector (ASI) has been crushed to death by a tractor-trolley used for transporting illegally mined sand in Madhya Pradesh's Shahdol district, a police official said on Sunday.
Two persons have been arrested in connection with the incident which took place on the intervening night of Saturday-Sunday in Badoli village under Beohari police station limits, 90 km from the district headquarters, Superintendent of Police Kumar Prateek told PTI.
ASI Mahendra Bagri, posted at the Beohari police station, was going along with two colleagues to arrest a person in some case.
On the way, they saw a sand-laden tractor-trolley coming towards their direction and tried to stop it, the official said.
Bagri and the other policemen gave a signal to the driver to stop the tractor carrying the illegally mined sand. But he did not stop and the vehicle ran over the ASI, the police official said.
After the incident, the driver jumped from the tractor and ran away. The speeding vehicle went out of control, collided with a culvert and overturned, Prateek said.
Driver Raj Rawat and Ashutosh Singh, who was piloting the vehicle, were later arrested. The vehicle owner, Surendra Singh, is absconding, he said.
A case was registered against the accused on charges of murder and illegal sand mining under provisions of the Indian Penal Code and the Mines Act, the official said.
Additional Director General of Police, Shahdol zone, DC Sagar told reporters that a reward of Rs 30,000 has been announced for anyone providing information that would help the police to arrest Surendra Singh.
'Piloting' in Shahdol is used to refer to moving ahead a vehicle while seeing the road is clear and no checking is being done by authorities.
In November last year, a local revenue department official was crushed to death by a tractor-trolley used for transporting illegally mined sand from the Son river in Gopalpur area of Shahdol district.
