Vadodara: A woman lost her life, and several others sustained serious injuries after a speeding car rammed into multiple vehicles in the Karelibagh area of Vadodara on Thursday night. The driver, identified as Rakshit Ravish Chaurasia, a law student at MS University, was allegedly under the influence of alcohol when he lost control of the vehicle.

Accident caught on CCTV

The incident, captured on CCTV near Amrapali Complex, showed the car moving at over 100 kmph before taking a sharp turn. While some bystanders managed to escape, others were hit. The crash left one woman dead on the spot and injured four to five others. Three two-wheelers were also damaged. The injured were rushed to the hospital for treatment.

Erratic behaviour after the crash

Rakshit was accompanied by Pranshu Chauhan, the owner of the car. Following the accident, Rakshit, visibly intoxicated, remained inside the vehicle, shouting incoherent phrases, including "Another round" and "Om Namah Shivaya." Pranshu, wearing a white T-shirt, attempted to distance himself from the incident, stating, "He was driving the car, not me." Enraged by the reckless behaviour, bystanders thrashed Rakshit before the police intervened.

Police investigation underway

Rakshit was arrested at the scene, while a search is underway for Pranshu, who fled. The vehicle was registered under Deon Technology Pvt Ltd. Senior police officials, along with local BJP leaders, visited the site following the incident.

Joint Commissioner of Police Leena Patil confirmed that the accused was intoxicated at the time of the crash. "A four-wheeler rammed into a two-wheeler, killing a woman. The accused driver has been caught, and further investigation is underway," she said.

The accident led to the cancellation of the Rangotsav programme, which was being held as part of Holi celebrations in the area. Police are examining the extent of alcohol consumption and other contributing factors.

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Mumbai, May 13 (PTI): Stock markets tumbled on Tuesday with benchmark Sensex falling by 1,282 points due to profit-taking in IT, auto and private banking shares a day after a record rally.

The 30-share BSE barometer tanked 1,281.68 points or 1.55 per cent to settle at 81,148.22 with 25 of its constituents closing with losses and five with gains. During the day, it fell sharply by 1,386.21 points or 1.68 per cent to 81,043.69.

The broader Nifty of NSE dropped 346.35 points or 1.39 per cent to 24,578.35.

From the Sensex firms, Infosys declined the most by 3.54 per cent. Power Grid dropped 3.4 per cent, Eternal by 3.38 per cent, HCL Tech by 2.94 per cent, Tata Consultancy Services by 2.88 per cent and Bharti Airtel by 2.74 per cent. IndusInd Bank, HDFC Bank, ICICI Bank, NTPC, Maruti, Tata Motors, and M&M were also among the laggards.

Sun Pharma, Adani Ports, Bajaj Finance, State Bank of India and Tech Mahindra were the gainers.

Profit-taking was evident across the board, with IT, FMCG, and auto sectors emerging as the top losers, Ajit Mishra – SVP, Research, Religare Broking Ltd said.

"The domestic market witnessed profit booking today, following yesterday’s sharp rally. The relief-driven surge—fuelled by easing global and domestic risks, including a reduction in trade war tensions and Indo-Pak geopolitical stress—appears to be taking a breather," Vinod Nair, Head of Research, Geojit Investments Limited, said.

Sensex and Nifty logged their best single-day gains in absolute terms on Monday following buying by retail and foreign investors after India and Pakistan reached an understanding to stop military actions and the US and China announced a deal to lower tariffs significantly. The indices raced nearly 4 per cent on Monday on across the board rally.

Broader markets closed with gains on Tuesday with the BSE smallcap gauge jumping 0.99 per cent and midcap index by 0.17 per cent.

Among sectoral indices, BSE Focused IT tanked 2.44 per cent, teck (2.39 per cent), IT (2.21 per cent), utilities (1.35 per cent), power (1 per cent), metal (0.95 per cent) and oil & gas (0.95 per cent).

Healthcare, industrials, capital goods, services and consumer durables were the gainers.

In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index and Shanghai's SSE Composite index settled in the positive territory while Hong Kong's Hang Seng ended lower. European markets were trading mostly higher.

US markets ended significantly higher on Monday following easing of trade tensions between China and the US. The Nasdaq Composite surged 4.35 per cent, S&P 500 jumped 3.26 per cent and Dow Jones Industrial Average climbed 2.81 per cent.

Global oil benchmark Brent crude climbed 0.32 per cent to USD 65.17 a barrel.

Foreign Institutional Investors (FIIs) bought equities worth Rs 1,246.48 crore on Monday after a day's breather, according to exchange data.