Mumbai: Markets ended in the red for the second straight week due to persistent selling pressure from operators and investors following uncertainty over Bihar Assembly election results coupled with disappointing quarterly earnings by blue-chips. Persistent foreign capital outflows, sustained fall in the value of rupee against the dollar also led to fall in share values. Investors refused to play ball as they digested US Fed Chair Janet Yellen’s announcement on Wednesday that a December rate hike is very much on the table as the economy has performed well. Shares of Healthcare, Capital Goods, Metal, Power, Realty and Banking sectors fell sharply due to heavy selling pressure.

The Sensex resumed lower at 26,641.69 and hovered in a range of 26,824.30 and 26,190.18 before closing at more than 5-week low at 26,265.24, showing a loss of 391.59 points or 1.47 per cent. It had last ended at 26,220.95 on October 1, 2015. The Sensex dropped by 1,205.57 points or 4.39 per cent in two weeks. The CNX 50-share Nifty also ended lower by 111.50 points or 1.38 per cent to more than 5-week low of 7,954.30. It had last ended at 7,950.90 on October 1, 2015. It has also dropped by 341.15 points or 4.11 per cent in two weeks.

“Market players remained glued to the developments in Bihar elections, which markets believe may be a catalyst to the investment mood of FPIs and FIIs in the near term,” said Hiren Dhakan, Associate Fund manager, Bonanza Portfolio Ltd.

Forex

The Indian rupee continued to fall against the American currency for the fourth straight week, dropping by 49 paise to close at nearly sixth week low at 65.76 per dollar on sustained dollar demand from banks and importers amidst continued fall in equity market. Persistent foreign capital outflows also affected the rupee value against the dollar, a forex dealer said. Foreign portfolio investors (FPIs) continued their selling pressure as they sold shares of net worth Rs 1,085.07 crores during the week as per the SEBI’s record, including the provisional figure of November 6.

The domestic currency resumed the week lower at 65.39 per dollar as against last weekend’s level of 65.27 at the Interbank Foreign Exchange (Forex) market and dropped further to 65.84 before closing at nearly sixth week low at 65.76 per dollar, showing a loss of 49 paise or 0.75 per cent. The rupee has tumbled by 102 paise or 1.58 per cent in four weeks.It had last ended at 65.96 on September 29, 2015. Globally, the euro finished the week just above a six month low reached after a blockbuster October jobs report.

The dollar rose against the euro and the yen as the US government bond yields rose to their highest levels in nearly seven weeks as investors have been lightening up on their bond holdings following the Fed’s signal a week ago that a rate increase before the end of this year remains on the table. The ICE US dollar index, a measure of the dollar’s strength against a basket of six currencies, was up 2.4 per cent to end the week at 99.1900, just below a six-month high.

In forward market, the premium for dollars recovered on paying pressure from banks and corporates. Forward dollar premium payable in April rose to 203-205 from last weekend’s level of 173-175 paise and far-forward contract maturing in October 2016 also moved up to 410-412 paise from 388-390 paise previously.

The RBI fixed the reference rate for the dollar at 65.7910 and the Euro at 71.5477 from last weekend’s level of 65.2231 and 71.6671 respectively. The rupee climbed against the pound to finish the week at 99.51 from last weekend’s level of 100.22 and strengthened further against the euro to 71.51 from 71.87 previously. The domestic unit also rose against the Japanese currency to close at 53.94 per 100 yen from last weekend’s level of 54.19.

A 16-year-old girl was allegedly raped by her teenaged neighbour in Surwyan area, police said here today.

The youth raped the girl when she had gone out for some work on Thursday evening, Station Officer Surendra Kumar Pandey said.

The victim brought the matter to the notice of her parents yesterday, following which an FIR was lodged, he said.

The girl has been sent for medical examination and efforts were being made to arrest the accused, Kumar added.

Countering the protests by writers and artistes against “rising intolerance”, Bollywood actor Anupam Kher today led a march to Rashtrapati Bhavan alleging that the “award-wapsi” campaign was to defame the country by projecting a “wrong” picture of the situation.

“India is a very tolerant country. Some people have coined the term ‘growing intolerance’. They are very few. Not every Indian thinks like that. We are secular people. We do not believe in pseudo-secularism, selective outrage or selective patriotism,” Kher, who is the spouse of BJP MP from Chandigarh Kirron Kher, told reporters.

“We had a meeting with a lot of writers, artistes, filmmakers and they also believe that there is no intolerance in the country… This march is a symbolic gesture on part of a lot of people over here who say India is one and free of intolerance,” the 60-year-old said.

Many filmmakers and artistes from the fraternity including Madhur Bhandarkar, Ashoke Pandit, Priyadarshan, Manoj Joshi, Abhijeet Bhattacharya and writer Madhu Kishwar joined the march to hand over a memorandum signed by more than 40 personalities including actress Raveena Tandon.

Bhandarkar, a National Award winner, alleged that those involved in the protest over intolerance had opposed Prime Minister Narendra Modi before he was elected, which raised questions about their intention.

“The projection that is happening for the past few days is very sad. The people who were against Modiji during elections are the same people who are coming out right now.

“The whole projection and narrative that is going abroad is wrong. It is a diverse country and of course there are incidents but we all condemn them. There is no two ways about it,” he said.

Kher asserted that they were not associated with any organisation or political party. “This march is led by Indians and for Indians.”

Film-maker Priyadarshan said the act of returning the awards is “childish”.

“People returning awards are doing a childish act. They should use the power of pen. Instances of intolerance have always been there. It is not something that happened yesterday. Shah Rukh Khan never said he is returning award,” Priyadarshan told PTI.

“They are respected people but behaving like school children,” Priyadarshan said.

He, however, disapproved of those critical of Khan who had said that there was extreme intolerance in the country.

At least 75 members of the intelligentsia have returned national or literary awards in an escalation of protests by writers, historians, filmmakers and scientists over “growing intolerance”, voicing fears that the country’s robust democracy might be “coming apart” in the current atmosphere.

The BJP-led government has dismissed the protest as “manufactured rebellion” and “politically” motivated.

Anupam Kher, while leading his ‘March for India’ campaign said that India is a “tolerant country” and nobody has the right to call it .

Mumbai, Bandra West- Asif Bashir a resident of Mahim was allegedly beaten up by cops and asked him to go Pakistan. The boy was also denied medical treatment at Bhabha Hospital who has suffered cuts and bruises all over his body. The authorities put forward a proposal that Asif will not complain against the cops but would make a statement that he was beaten up by the local public.

Asif along with his friend paid a visit to his Uncle who was admitted at Bahabha Hospital. After that he drove his motorbike to bandstand a popular place by the beach. As he was driving along with his friend just outside Salman Khan’s residence two drunkards were creating a scene and one them was almost hit by a car. So Asif got down from his bike and made he man sit by the side in case of any mishaps.

Unfortunately the drunkard got furious and started shouting. This happened just in front of Salman Khan’s residence so the cops on duty came to spot. The vehicle the cops used was a swift car and the police were in civil clothes. They got the two drunkards along with Asif and his friend to Bandra West Police station.

It may be noted that Asif is a gym goer and has a good physique. He had a scuffle with the police demanding why he was brought to the police station. In the process Alim pushed one of the cops who almost fell off nearby the bin.

This enraged the cops and the whole team of policemen started beating Asif. He has suffered with heavy injuries. In the heated argument the cops told him to go to Pakistan.

The cops informed Asif’s parents about his condition. They rushed o Bhabha Hospital. The incident now became viral with all he media people and political parties coming to he aide of Asif. Present among them was Faran Azmi leader of Samaj Wadi Party who demanded that PI Kedar Pawar be arrested and that Maharashtra Government should compensate the victim. AAP leader Preeti Menon Sharma have demanded justice to Asif and an apology from the police for making absurd statements like go to Pakistan to Asif. MIM party workers have pldeged not to leave unil an FIR is lodged against PI Kedar Pawar.

A very big and organized syndicate is involved in stealing petrol and diesel from parked vehicles. This mod us operandi was unfolded by our Real News of India Editor in Chief S.M Fanus today.
The area where it happens on a daily basis is Government Colony, Y Building by a nearby garage, Rahul Auto Works.
The whole Operation
Private and Government vehicles bearing Maharashtra number plates come to this location. The driver parks the car and opens the bonnet. He then lingers around pretending not to know anything. Now a group of hoodlums of Rahul Auto Works comes around extracts the petrol from the petrol tank.
The driver of each vehicle gets Rs 40- Rs 50 per liter. Rahul Auto Works sells it for Rs 60 per liter. The whole operation can be viewed in you tube realnewsofindia .
Our Editor in Chief while clicking this operation was confronted by these hoodlums of Rahul Auto garage. S.M.Fanus called 100 Police help line. Babar a police constable from Khedwadi Police Station came to the site and started abusing and hitting our Editor in Chief.S.M. Fanus again called 100 to report that Babar was mishandling him. A police van came and arrested these hoodlums. The FIR was not filed for stealing petrol but for a fight that had occurred. The police is involved in this crime for more than two years. The stolen petrol is sold right in front of the cops.
While watching this video you can policemen wondering around the area. The police are paid for their involvement for acting naïve and protection.
So next time you see an open area for free parking do not get excited. Your petrol or diesel might disappear.

Chevrolet Enjoy has recently recalled its much hyped Enjoy car from the market. It is also learnt that a case in Bandra Consumer Court Forum has been filed by a consumer and an advocate Shri. Feroz Shaikh, who had purchased it from JMD motors. JMD and Chevrolet failed to provide any service to the Complainant despite the vehicle being under warranty. The Consumer Forum has taken strict view of the deficiency and unfair trade practices promoted by the car giant, Chevrolet.

Chevrolet has provided defective engine, gear box, and air-conditioner in it’s ENJOY vehicle, which appears to have been gathering negative consumer feedback. ARAI has provided Chevrolet certificate to carry on business in India, despite Enjoy being rejected in other countries. Enjoy is a sub standard, cheap brand with no near match for Innova.

So like it or not, the “Enjoy” is a Chinese vehicle trying to make it into India under an American coat. It was designed by a Chinese company (Wuling).

Saudi Arabia’s King Salman has vowed to find the cause of a massive crane collapse that killed 107 people at Mecca’s Grand Mosque.
The construction crane crashed during a vicious thunderstorm as worshippers gathered for weekly Friday prayers just days before the annual Muslim Hajj pilgrimage.

“We will investigate all the reasons and afterwards declare the results to the citizens,” King Salman said after visiting the site, one of Islam’s holiest.

The official Saudi Press Agency said King Salman “discussed the causes of the accident and its effects on the holy mosque” after he saw where the massive crane came down
It was one of several cranes working on an expansion of the sprawling mosque.

King Salman also expressed his condolences to the families of the dead, and visited a local hospital “to check on the health of the injured who are from several nationalities including Iranian, Turkish, Afghan, Egyptian and Pakistani”, the SPA said.

Pictures of the incident on Twitter showed bloodied bodies strewn across a courtyard where the top part of the crane, which appeared to have bent or snapped, had crashed into the building that was several storeys high.

A video on YouTube showed people screaming and rushing around right after a massive crash was heard and as fog engulfed the city.

Earlier, an official from the Saudi Civil Defence Authority said stormy weather was responsible for toppling the crane.
For years, work has been underway on a 400,000-square-metre expansion of the Grand Mosque to allow it to accommodate up to 2.2 million people at once.

Abdel Aziz Naqoor, who said he works at the mosque, said the casualty toll would have been higher had a covered walkway which surrounds the holy Kaaba not broken the crane’s fall.

The Kaaba is the huge cube-shaped structure at the centre of the mosque towards which Muslims worldwide pray.

Om Salma, a Moroccan pilgrim, said “our phones have not stopped ringing since yesterday with relatives calling to check on us”.

“I wish I had died in the accident, as it happened at a holy hour and in a holy place,” Egyptian pilgrim Mohammed Ibrahim said.

Indonesians and Indians were among those killed when the crane collapsed.

“Suddenly, I heard thunder and then we heard a very loud noise. That was the sound of the crane falling,” Mohammed, a Moroccan pilgrim, said.

Another visitor, Ahmed from Egypt, said he and those around him were “very scared, hysterical even”.

A Saudi official said the Hajj, expected to start on September 21, would go ahead despite the tragedy.

The pilgrimage is a must for all able-bodied Muslims who can afford it.

An engineer for the Saudi Binladin Group, the developer, said the crane had been installed in “an extremely professional way” and that there had been no technical problem.

Saudi Binladin Group belongs to the family of the late Al Qaeda leader Osama Bin Laden.