Chamarajanagar: In a tragic accident reported from near Kodasoge village of Therakanambi hobli, Gundlupet, two people traveling in a car, including an assistant powerman, were killed on the spot on Wednesday, as their car rammed into a power pole, resulting in the pole toppling on the vehicle.

The accident victims are identified as Prathap (28), who was posted as an assistant powerman with the Bommalapur branch of Chamundeshwari Electricity Supply Corporation Limited (CESC) in Therakanambi hobli, and Kongallayya. Abhi, a resident of Mandya district, who was traveling with them in the car, is learned to be seriously injured and is being treated at the Chamarajanagar Institute of Medical Sciences (CIMS) Hospital.

The accident occurred early Wednesday morning on the road near Kodasoge where the car hit the electricity pole. The pole is learned to have fallen on the car due to intensity of the collision, killing two people in the car.

The Therakanambi Police have visited the accident spot and conducted an inspection. The bodies of the deceased men have been shifted to a hospital mortuary to conduct a post-mortem examination.

The police have also registered a case with regard to the accident. Further investigation is underway.

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Mumbai, May 5 (PTI): Benchmark BSE Sensex climbed nearly 295 points to close at an over four-month high on Monday following sustained foreign fund inflows and a sharp correction in global crude oil prices.

Rising for the second in a row, the 30-share BSE barometer gained 294.85 points or 0.37 per cent to settle at 80,796.84, marking its highest close in 2025 so far. During the day, it jumped 547.04 points or 0.67 per cent to 81,049.03.

The NSE Nifty rose 114.45 points or 0.47 per cent to 24,461.15, its highest closing level in 2025.

Among Sensex firms, Adani Ports jumped 6.29 per cent amid reports that Gautam Adani's representatives met with US administration officials to seek the dismissal of criminal charges in a bribery probe. All other listed Adani group stocks, including Adani Enterprises, Adani Ports, Adani Power and Adani Green Energy, ended with sharp gains.

Bajaj Finserv, Mahindra & Mahindra, Eternal, Power Grid, ITC, Tata Motors, Asian Paints and Hindustan Unilever were also among Sensex gainers.

Among the laggards, Kotak Mahindra Bank tanked 4.57 per cent after the firm reported a 7.57 per cent decline in consolidated net profit to Rs 4,933 crore for the March quarter of FY25, primarily due to elevated stress in the microlending book.

State Bank of India, Axis Bank, Titan and IndusInd Bank were among the other losers.

State Bank of India dipped over 1 per cent after it reported an 8.34 per cent decline in consolidated net profit to Rs 19,600 crore for the January-March quarter compared to Rs 21,384 crore a year ago, impacted by a decline in net interest margins.

Foreign Institutional Investors (FIIs) bought equities worth Rs 2,769.81 crore on Friday, according to exchange data.

Foreign investors injected Rs 4,223 crore into the country's equity market in April, as they turned net buyers for the first time in three months amid a blend of favourable global cues and robust domestic fundamentals.

The inflow of foreign capital came last month following a back-to-back net outflow of Rs 3,973 crore in March, Rs 34,574 crore in February, and Rs 78,027 crore in January.

"The market has sustained its positive momentum, though the level of optimism has decreased. Continued foreign inflows and record GST collections in April indicate resilience in economic activity, fostering mild hopefulness. A weak dollar and a decline in oil prices have further bolstered FII sentiment.

"However, the market's momentum is moderating, with action shifting from broad-based movements to stock and sector-specific trends based on results," Vinod Nair, Head of Research, Geojit Investments Limited, said.

The BSE midcap gauge jumped 1.45 per cent and smallcap index climbed 1.23 per cent.

Among sectoral indices, services jumped the most 2.99 per cent, followed by oil & gas (1.95 per cent), auto (1.88 per cent), consumer discretionary (1.58 per cent), utilities (1.50 per cent) and energy (1.49 per cent).

Bankex emerged as the only loser.

As many as 2,563 stocks advanced while 1,459 declined and 180 remained unchanged on the BSE.

Markets in South Korea, Japan, China and Hong Kong were closed due to holidays.

European markets were trading on a mixed note.

US markets ended significantly higher on Friday.

Global oil benchmark Brent crude dropped 1.45 per cent to USD 60.40 a barrel.

The 30-share BSE benchmark gauge settled 259.75 points, or 0.32 per cent, higher at 80,501.99 on Friday. The Nifty eked out a marginal gain of 12.50 points, or 0.05 per cent, to settle at 24,346.70.