Murder case: Bengaluru police to challenge bail granted to actor Darshan, others in SC
Bengaluru (PTI): Bengaluru Police Commissioner B Dayananda on Tuesday said that efforts are on to file an appeal in the Supreme Court, against the bail granted to Kannada actor Darshan Thoogudeepa and other accused in the Renukaswamy murder case.
A proposal will be submitted to the state government in this regard, he said.
The Karnataka High Court on Friday granted conditional bail to Darshan, who is accused number 2 in the case.
The bench of Justice S Vishwajith Shetty had also granted bail to Darshan's friend Pavithra Gowda, who is accused number 1, and other accused - R Nagaraju, Anu Kumar alias Anu, Lakshman M, Jagadeesh alias Jagga and Pradoosh S Rao.
"In connection with the Renukaswamy murder case, with regards to bail that has been granted, efforts are on to file an appeal in the Supreme Court. We will submit a proposal to the government on this," Dayananda told reporters here.
Darshan was arrested on June 11. Pavithra Gowda and 15 other co-accused in the case were arrested during the same period.
The 47-year-old actor was already out on interim bail for medical reasons.
He had walked out of Ballari jail on October 30 after being imprisoned for more than four months, hours after the Karnataka High Court gave him relief for six weeks on medical grounds, to undergo spine surgery.
Pavithra Gowda, today walked out of the Parappana Agrahara central prison here on bail, after completing formalities.
According to police, 33-year-old Renukaswamy, a fan of the actor, had sent obscene messages to his friend Pavithra Gowda, which enraged Darshan, allegedly leading to his murder. His body was found near a stormwater drain next to an apartment in Sumanahalli here on June 9.
Raghavendra, one of the accused who is part of Darshan's fan club in Chitradurga, had brought Renukaswamy to a shed in R R Nagar here, on the pretext that the actor wanted to meet him. It was in this shed that he was allegedly tortured and murdered.
According to the post-mortem report, Renukaswamy, a native of Chitradurga, died due to shock and hemorrhage as a result of multiple blunt injuries.
Police have said Pavithra, who is accused number one, was the "major cause" for Renukaswamy's murder, claiming that it has been proved from the probe that she instigated other accused, conspired with them, and took part in the crime.
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Investors' wealth down Rs 4.92 lakh cr as mkts slump
New Delhi, Dec 17: Investors' wealth tumbled Rs 4.92 lakh crore on Tuesday amid a sharp sell-off in the equity market where the Sensex tanked 1,064 points.
Falling for the second day in a row, the 30-share BSE benchmark Sensex tanked 1,064.12 points or 1.30 per cent to settle at 80,684.45. During the day, it slumped 1,136.37 points or 1.39 per cent to 80,612.20.
The market capitalisation of BSE-listed firms eroded by Rs 4,92,644.06 crore to Rs 4,55,13,913.24 crore (USD 5.36 trillion).
"The Indian stock markets witnessed a sharp decline on Tuesday, with the benchmark BSE Sensex sinking 1,064 points or 1.30 per cent to 80,684.45.
"Investor sentiment remained cautious ahead of the US Federal Reserve's monetary policy meeting, scheduled for Wednesday. While markets have priced in a 25 basis points rate cut, much of the focus is on Fed Chair Jerome Powell's commentary regarding future rate moves," Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher, said.
From the 30-share blue-chip pack, all firms ended in the red. Bharti Airtel, IndusInd Bank, JSW Steel, Tata Consultancy Services, Asian Paints, Larsen & Toubro, Reliance Industries and HDFC Bank were the biggest laggards from the Sensex pack.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled lower.
European markets were mostly trading in negative territory. Wall Street ended mostly higher on Monday.
"Widespread pessimism prevails across all sectors ahead of key policy decisions from the US Fed, BoJ (Bank of Japan), and BoE (Bank of England). While the market has already factored in a 25 bps cut from the US Fed, it remains vigilant for any hawkish signals. The BoJ and BoE are largely expected to maintain their current rates for the year.
"Concurrently, the rupee has depreciated to an all-time low, and a record-high trade deficit is exacerbating the pressure," Vinod Nair, Head of Research at Geojit Financial Services, said.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 278.70 crore on Monday, according to exchange data.
The BSE midcap gauge declined by 0.65 per cent and smallcap index slipped by 0.52 per cent.
All sectoral indices ended lower. BSE Telecommunication tanked 2.18 per cent, metal (1.77 per cent), auto (1.70 per cent), energy (1.64 per cent), oil & gas (1.59 per cent), commodities (1.39 per cent) and financial services (1.37 per cent) were the major laggards.
As many as 2,442 stocks declined, while 1,576 advanced and 89 remained unchanged on the BSE.
"Nifty witnessed sharp correction, closing with a loss of 332 points amid selling pressure in bluechip stocks like HDFC Bank, Reliance and Bharti Airtel amongst others.
"The decline came amid weak FII volumes and heightened caution ahead of the US Federal Reserve's monetary policy meeting, which is expected to provide cues on the trajectory of interest rate cuts going ahead," Siddhartha Khemka, Head - Research, Wealth Management at Motilal Oswal Financial Services Ltd, said.
