Kerala nurse Nimisha Priya case: Hope emerges as Iran may contact victim’s family in bid for pardon
New Delhi: There appears to be a glimmer of hope for Nimisha Priya, the nurse from Kerala on death row in Yemen, as report suggest Iranian officials may reach out to the family of Talal Abdo Mahdi, her former business partner, to seek a pardon through blood money. Priya was sentenced to death for Mahdi's murder.
The 37-year-old nurse is currently imprisoned in Sana’a, the Yemeni capital, which is under the control of Iran-backed Houthis.
A report by The New Indian Express published on Friday stated that discussions are underway to gain the victim's family’s support in seeking a pardon. “It’s a relief of sorts. Iran officials could use their good offices with Houthis for the reach-out with family of the victim. Some cash has been arranged for blood money and talks are on to get the family on board to seek pardon, but we’re keeping our fingers crossed,” a source told the publication.
It is learnt that using an appropriate intermediary equivalent of Rs 30 lakh has been kept ready, the report added.
Hailing from Kollengode in Kerala’s Palakkad district, the nurse was found guilty of murdering the Yemeni citizen in July 2017. She was handed capital punishment by a trial court in 2020 while Yemen’s Supreme Judicial Council upheld the verdict in November 2023.
Mahdi, reportedly died from an overdose of sedatives allegedly injected by Priya to retrieve her passport from him.
External Affairs Ministry spokesperson Randhir Jaiswal said the Indian government is extending all possible help in the matter. “We are closely following the developments around the sentencing of Nimisha Priya. The government is extending all possible help in the matter,” he said last week.
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Investors become poorer by Rs 12 lakh cr in three days of market fall
New Delhi, Jan 10: Investors' wealth tumbled Rs 12 lakh crore in three days of market slump due to uninterrupted foreign fund outflows and concerns over quarterly earnings.
Also, rising crude oil prices and a strengthening dollar index added to investors' pessimism.
In three days, the BSE benchmark Sensex tanked 820.2 points or 1.04 per cent.
On Friday, the 30-share BSE benchmark declined 241.30 points or 0.31 per cent to settle at 77,378.91. During the day, the benchmark gyrated 820.15 points between the day's high of 77,919.70 and low of 77,099.55.
The NSE Nifty dropped 95 points or 0.40 per cent to 23,431.50.
The market capitalisation of BSE-listed firms diminished by Rs 12,07,314.99 crore to Rs 4,29,67,835.05 crore (USD 5 trillion) in the three days.
From the 30-share blue-chip pack on Friday, IndusInd Bank, NTPC, UltraTech Cement, State Bank of India, Sun Pharma, Axis Bank, Tata Steel and Power Grid were among the major laggards.
Tata Consultancy Services jumped nearly 6 per cent after the IT services company reported an 11.95 per cent surge in the December quarter net profit to Rs 12,380 crore.
Devarsh Vakil, Head of Prime Research at HDFC Securities, said, "Strong quarterly earnings from TCS drove the IT index up 3.4 per cent, helping the market withstand a sharp sell-off."
However, despite broad gains across IT stocks, the Nifty fell for the third consecutive session, Vakil added.
Tech Mahindra, HCL Tech, Infosys and Bajaj Finserv were the other big gainers.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 7,170.87 crore on Thursday, according to exchange data.
"Domestic market sentiment remained subdued due to rising crude oil prices, driven by supply concerns, and a strengthening dollar index. Despite the IT sector's resilience following positive early Q3 results, broader indices bled due to uncertainties surrounding Trump policies and high valuations.
"Consolidation may persist in the near term, yet investors are closely watching the US non-farm payroll data today for further guidance," Vinod Nair, Head of Research at Geojit Financial Services, said.
The BSE smallcap gauge dropped 2.40 per cent and midcap index declined 2.13 per cent.
Among BSE sectoral indices, power tanked 3.07 per cent, utilities (2.86 per cent), realty (2.64 per cent), industrials (2.08 per cent), commodities (2.05 per cent) and consumer durables (1.98 per cent).
BSE Focused IT jumped 3.17 per cent, IT (2.65 per cent) and teck (2.24 per cent) were the biggest gainers.
As many as 3,167 stocks declined while 827 advanced and 84 remained unchanged on the BSE.
"Markets continued its downward trajectory as the rupee dropping to new lows against the strengthening dollar has further dampened investors' sentiment. Amid concerns of subdued economic growth and expectations of a slowdown in the quarterly earnings, investors cut their bet on banking and mid & small cap stocks.
"With expensive valuations of Indian markets at large still a concern, investors would mostly resort to stock-specific activities," Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd, said.
