Students of Murugha Math in Karnataka shifted to govt hostel, pontiff booked under SC/ST Act
Chitradurga, Aug 31: The students of Murugha Math were shifted to the government hostel here after a case under Protection of Children from Sexual Offences (POCSO) Act was registered against the chief pontiff Shivamurthy Murugha Sharanaru for the alleged sexual abuse of high school girls.
Many parents too took their children home after the controversy broke out and the seer was booked.
The pontiff was also charged under the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act on Tuesday as one of the survivors is a Dalit girl, sources in police department said.
The case under the SC/ST Act was registered after Dalit organisations staged a protest on Tuesday, demanding the immediate arrest of Sharanaru, they said.
It is learnt that the police team is frequently visiting the Math and the hostel ever since the case came to light.
Sharanaru has claimed that the allegations were part of a long-drawn conspiracy against him, indicated an inside job, and vowed to come out clean in the case.
The chief pontiff of one of the Lingayat seminaries in the state, the seer also said he was law-abiding and would cooperate with the investigation.
The Mysuru city police on Saturday filed an FIR against the seer under the Protection of Children From Sexual Offences (POCSO) Act and certain sections of the Indian Penal Code for the alleged sexual abuse.
The FIR was registered against a total of five people, including the warden of the monastery's hostel, based on the complaint by an officer of the District Child Protection Unit.
Two girls had approached a non-governmental organisation in Mysuru and narrated the alleged abuse following which it contacted the authorities and the case was registered by the police. It was subsequently shifted to Chitradurga, the place where the alleged crime took place.
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Sensex climbs 304 pts, Nifty closes above 24,600 as steady US inflation fuels global rally
Mumbai, Aug 13 (PTI): Stock markets rebounded on Wednesday with benchmark Sensex closing higher by 304 points on buying in metal, auto and pharma shares as steady US inflation data propelled a sharp rally in global markets.
The 30-share BSE Sensex climbed 304.32 points or 0.38 per cent to settle at 80,539.91. During the day, it jumped 448.15 points or 0.55 per cent to 80,683.74.
The 50-share NSE Nifty edged up by 131.95 points or 0.54 per cent to 24,619.35.
Analysts said retail inflation slowing to an 8-year low of 1.55 per cent in July led to the positive trend in domestic equities.
"Indian equities experienced a broad-based optimism as CPI hit an eight-year low, boosting hopes for a revival in discretionary spending, led by autos and metals. Globally, sentiment improved on the extension of China’s tariff deadline and easing oil prices.
"Despite uncertainties around Trump’s trade stance and global risks, India’s growth-inflation dynamics remain favourable for FY26 with risk to marginal downgrade based on tariff updates. India looks forward to the Trump-Putin meet dated 15th August," Vinod Nair, Head of Research, Geojit Investments Limited, said.
Among Sensex firms, Bharat Electronics, Eternal, Mahindra & Mahindra, Kotak Mahindra Bank, Tata Motors and Power Grid were the gainers.
However, Adani Ports, ITC, UltraTech Cement and Titan were among the laggards.
Retail inflation slowed to an 8-year low of 1.55 per cent in July, falling below the Reserve Bank's comfort zone for the first time since January 2019, helped by subdued prices of food items, according to government data released on Tuesday.
"Indian equities advanced on Wednesday, buoyed by easing domestic retail inflation, positive global cues, and renewed hopes of a US Federal Reserve rate cut, Gaurav Garg, Analyst, Lemonn Markets Desk, said.
The BSE smallcap gauge climbed 0.58 per cent and midcap index went up by 0.56 per cent.
Among BSE sectoral indices, healthcare jumped 1.76 per cent, metal (1.22 per cent), auto (1.18 per cent), consumer discretionary (0.96 per cent), industrials (0.70 per cent) and financial services (0.45 per cent).
Oil & Gas and FMCG were the laggards.
Shares of Apollo Hospitals Enterprise Ltd spurted by nearly 8 per cent, emerging as lead gainer among Nifty50 shares after the healthcare services provider reported a 42 per cent jump in profit after tax to Rs 433 crore in the June quarter.
Paytm shares closed higher by 3 per cent as Paytm Payments Services received the Reserve Bank of India's nod to operate as an online payment aggregator.
As many as 2,230 stocks advanced while 1,861 declined and 155 remained unchanged on the BSE.
Among Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng settled sharply higher. European markets were trading in the green.
The US markets ended significantly higher on Tuesday.
Global oil benchmark Brent crude dipped 0.36 per cent to USD 65.88 a barrel.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,398.80 crore on Tuesday, according to exchange data. Sensex dropped 368.49 points or 0.46 per cent to settle at 80,235.59 while Nifty went lower by 97.65 points or 0.40 per cent to 24,487.40 on Tuesday.
