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Most markets in Asia are in red mark.
On April 19, the Corona cases had a major impact on the Indian stock market. The benchmark indices BSE Sensex and NSE Nifty closed down around 1.8% amidst considerable volatility. The Sensex has come down to 48,000 while the Nifty has come down to 14,400.
Amid growing Corona cases, investing in stocks with strong fundamentals can be a good option. Investors will also be watching the fourth quarter results.
Most markets in Asia are in red mark. Market is in red mark in Japan, Thailand, Hong Kong, China and Taiwan. The South Korean market is booming.
The US’s S&P 500 and the Dow Jones Industrial Average (DJIA) index lost nearly 0.45% in the last trade.
The SGX Nifty of Singapore, which gave the initial signal for the Indian market, is trading at 14,387.00, staying flat at 7:20 am.
Foreign institutional investors (FIIs) sold 1633 crore shares in the market on 19 April. 2355 crores of shares were purchased by domestic institutional investors (DII).
According to Moneycontrol, there are 14,239.83 and 14,120.17 support levels for the Nifty on April 20, due to which the index may break after going down. Similarly, 14,430.73 and 14,501.97 are resistance levels, due to which the Nifty can get a jump by reaching the top.
On April 19, Oriental Smaller Companies Trust purchased about 2 lakh shares of Solara Active Pharma at a rate of Rs 1462.25 per share in a bulk deal. In contrast, BNP Paribas sold more than 5 lakh shares of the company at the rate of Rs 1463 per share.
ACC: The company’s revenue increased by 22.57% to Rs 4291 crore as compared to the same quarter last year. Net profit likewise stood at 562 crores after a jump of 74.17%.
ICICI Bank Prudential Life Insurance: The company’s net profit fell to 960 crore in March quarter from 1081 crore in the same period last year. Net income has also fallen by about 64% to 63 crores.
Tech Mahindra: Board approves purchase of 100% stake in Digital’On’S for $ 120 million by subsidiary Tech Mahindra (US) inc.
Adani Ports: The board approved giving 1 crore shares on a preferential basis to Windy Lake Side Investment at a rate of Rs 800 per share.
ICICI Bank: The company’s board will meet on April 24 to consider raising money through debt.
Nestle, Swaraj Engine, 5 Paisa Capital, Network 18 Media, Tata Steel Long Products, Welspun Investments will announce their January-March quarterly results.
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In a shocking development, YouTuber Praneeth Hanumanthu has become embroiled in controversy following his detention by the Telangana Cyber Security Bureau. Initially arrested for making offensive remarks during a podcast, Hanumanthu's predicament has escalated, resulting in further allegations under the Narcotic Drugs and Psychotropic Substances (NDPS) Act after he tested positive for cannabis consumption. The Context of the Detention The origins of Hanumanthu's difficulties can be linked to a podcast he hosted, which included a conversation that many considered highly unseemly. During this episode, he made inappropriate comments regarding the dynamics between a father and daughter, igniting outrage among viewers and critics alike. This incident quickly garnered the attention of both the public and law enforcement, prompting an investigation by the Telangana Cyber Security Bureau. The primary allegation centered around his remarks, which were deemed to have crossed the boundaries of acceptable discourse. This scenario raises broader inquiries about accountability and the duties of content creators, particularly in an era where online platforms can amplify messages to a large audience. As a public figure, Hanumanthu's statements carry substantial weight, and the backlash he has encountered signifies society's increasing intolerance towards harmful rhetoric. Charges Related to Substances Things took a turn for the worse for Hanumanthu when, following his arrest, authorities opted to perform a drug test. The results confirmed the presence of cannabis in his system, leading to additional allegations under the NDPS Act. This legislation is a strict law in India aimed at combating substance abuse and trafficking. By testing positive for drug use, Hanumanthu not only worsened his legal troubles but also further tarnished his reputation. The addition of drug-related charges initiates an important discourse about the effects of substance use among influencers and celebrities. Many young individuals look up to figures like Hanumanthu, and such disclosures can have significant consequences on their perceptions and behaviors. The fallout from his actions extends beyond legal issues; it also encompasses the ethical obligations that accompany public visibility. Reactions from the Public and Consequences The public’s reaction to Hanumanthu's arrest has been varied. Many viewers voiced their outrage over both his initial remarks and his later substance use. Social media has been inundated with discussions, memes, and criticisms, illustrating the swift spread of information and opinions in today’s digital environment. Critics contend that individuals like Hanumanthu should be held accountable for their influence, particularly when it concerns endorsing a healthy lifestyle and responsible behavior. On the other hand, some supporters have rallied behind him, advocating for the necessity of empathy and understanding. They highlight the pressures that accompany being a public figure, especially in a hyper-connected world where every action is scrutinized. This divide in public sentiment mirrors a broader societal conversation about celebrity culture, accountability, and the intricacies of mental health and substance use. The Wider Picture of Substance Abuse Hanumanthu's situation is also part of a larger discourse regarding drug abuse in India, especially among the youth. As discussions about mental health and substance use become more widespread, incidents like this underscore the pressing need for awareness and education about addiction and its root causes. The stigma surrounding drug use often hampers open dialogue about the topic, leaving many to endure in silence. Moreover, the legal implications of the NDPS Act spark questions about how society addresses drug-related offenses. While the act aims to deter substance abuse, critics argue that such laws can disproportionately impact certain demographics and do not tackle the underlying causes of addiction. Conversations around harm reduction, rehabilitation, and public health strategies are increasingly relevant within the framework of these laws. Prospects Ahead for Hanumanthu As Hanumanthu navigates the forthcoming legal hurdles, his future remains unpredictable. He faces possible legal repercussions for both his unsatisfactory comments and his substance use, which could greatly affect his career and personal life. The scenario serves as a cautionary example for content creators about the consequences of their expressions and actions, highlighting the need for thoughtful engagement with their audience.…
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