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Nifty, Sensex to hit a resistance soon – Monday closing report
If Nifty stays above 7,930, the upmove may continue
We had mentioned in Friday’s closing report that Nifty, Sensex may give up some gains and Nifty has to stay above 7,930 for the gains to continue. Weak global cues dented investor sentiments at the opening and Nifty fell to 7,908 in the opening half hour but the market staged a strong recovery when the US futures moved from negative to positive and European markets opened in the green.
Healthy foreign funds inflows, announcements on financial sector reforms and hopes of a rate cut arrested the slide in a barometer index which closed flat on the back of weak global cues on Monday.
The S&P BSE Sensex, which opened at 26,107.98 points, closed at 26,192.98 points -- down 25.93 points or 0.10% from the previous day's close at 26,218.91 points.
The Sensex touched a high of 26,233.46 points and a low of 25,972.54 points in the intra-day trade.
Among the Asian markets, Japan's Nikkei dropped by 1.96%, Hong Kong's Hang Seng fell by 0.75%. However, Shanghai Composite Index closed higher by 1.91%. 
Other market watchers elaborated that the global growth concerns coupled with fears of a possible US interest rate hike in the latter part of 2015 played negatively on investors’ sentiments. 
The FIIs were net buyers in the cash market segment on Monday. They bought shares worth Rs154.87 crore. 
The domestic institutional investors (DIIs) were also net buyers. They bought shares worth Rs415.09 crore in the capital markets segment.
The rupee also ended the day's trade on a flat note. It closed at Rs65.72 to a US dollar, up 5 paise from its previous close of Rs65.67 to a greenback.
Sector-wise, banking, capital goods and automobile managed to stay afloat. However, fast moving consumer goods (FMCG), oil and gas and consumer durables stocks declined. 
The S&P BSE banking index rose by 160.26 points, capital goods index rose by 78.24 points and automobile index increased by 29.76 points.
The S&P BSE FMCG index receded by 57.52 points, oil and gas index declined by 24.01 points and consumer durables index was lower by 19 points.
Major Sensex gainers during Monday's trade were: Hindalco Industries, up 2.43% at Rs78; Axis Bank, up 2.05% at Rs527.90; Maruti Suzuki, up 2.00% at Rs4,491.85; State Bank of India (SBI), up 1.16% at Rs245.15; and Gail, up 0.99% at Rs290.50.
The major Sensex losers were: Reliance Industries, down 1.94% at Rs877.70; Mahindra and Mahindra, down 1.43% at Rs1,184.40; ITC, down 1.32% at Rs314.30; Dr Reddy's Lab, down 1.11% at Rs3,957.35; and Bharti Airtel, down 1.00% at Rs352.60.
The top gainers and top losers of major indices in the Indian stock market are given in the table below:
The closing values of major Asian indices are given in the table below:
Among European indices, DAX was at 9,927.10, up 0.1% and FTSE 100 was at 6,159.39, up 0.90%.


Bose alive in China in 1948, indicates declassified file
Freedom fighter Netaji Subash Chandra Bose was "alive" and "somewhere in Manchuria, China" in 1948, one of his trusted aides, Deb Nath Das, had claimed then, according to the declassified files by the West Bengal government.
Among the released dossier, file No. 22 sheds light on intelligence gathered by the Bengal government (office of the deputy commissioner of police), on INA leaders, including Das.
An extract dated August 9, 1948, says: "Deb Nath Das, an ex-INA leader who is actively engaged in anti-Congress propaganda, is preaching in political and party circles that Netaji Subash Chandra Bose is alive and is somewhere in Manchuria, China at present."
"To rouse the curiosity and even belief of the people, he (Das) says that Netaji told him before the plane-crash that the possibility of a third world war would emerge in the wake of the second world war."
On August 22, 1945, Tokyo Radio announced the "death" of Netaji Subhas Chandra Bose in an air crash in Formosa (now Taiwan) on August 18, 1945, en route to Japan.
But the crash theory has been rejected by scores of Bose's followers and admirers and claims of the revolutionary leader resurfacing continue to intrigue and divide Indians over the years.
Adding to the controversy, the extract further states that Das had asserted that in 1948 Bose was keeping tabs on the international as well as national scenario.
"Das adds that Netaji is watching both the international and national situation, vis-A-vis India, to find out as to which among the foreign powers was her friend or enemy. There is a talk that Deb Nath Das may contest the by-election from south Calcutta constituency of the West Bengal Assembly."
Das, according to a declassified 1948 confidential diary page of the Calcutta police, was known to give "fiery lectures" against the then Indian government.
"Except for the meetings attended or presided over by Das, in which he always gave fiery lectures against the government of India, nothing else could be known of his anti-Congress activities."
The Bengal government on Friday made public 64 files to help unravel the mystery behind Bose's disappearance.
Bose, once the Congress president, made contact with the Axis powers during World War II. He formed the Indian National Army in Singapore, with the help of the Japanese, and fought the British Indian Army.
Ex-INA leader Das, was a key member of the provisional government-in-exile formed by Bose in 1943.
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.



Shirish Sadanand Shanbhag

1 year ago

In the year 1996, I had an opportunity to meet, P. N. Oak,M.A.,LL.B. then aged 86 years, at his home at Pune, who joined Indian Independence League (IIL), formed by Ras Behari Bose, in the year 1940. In year 1941, when Ras Behari Bose formally gave the charge of IIL to Subhas Chandra Bose at Singapore, at the ceremony, where Oak was also present.

Oak was looking after publicity department of Indian National Army (INA), which was rechristened after Subhas Chandra Bose took over IIL from Ras Behari Bose, in the year 1941.

Since Oak was working closely with Subhas Chandra Bose, I asked Oak about Subhas' death on 18.8.1945, in a air crash, at Formosa air port, where he boarded the air craft, with his only INA aide Habibur Rehaman.

Said air craft belonged to military, and was very small aircraft. It was already full, and since Subhas Chandra wanted to leave Formosa same day, both were accomodated together on last seats, which were very close to the petrol tank of the air craft.

Just as aircraft flied, there was leak in fuel tank, and fuel oozed out, and fell on Subhas Chandra's body. As it was cold day, he was wearing woolen coat. Soon after that petrol soaked woolen coat caught fire. Suddenly Habibur Rehaman removed Subas' woolen coat, in that burning situation. Still, Subhas' chest was completely burnt out. Within half an hour, Subhas was transferred to a militaty hospital nearby. All the while, Habibur Rehaman was along side of the Subhas Chandra.
Same day, night Subhas started collapsing, still then he gathered all his energy, and told Habibur Rehaman, that
" Habib, I will not survive this accident. Please go and tell our country people, that your Subhas has fought for the country, till his last. Now you carry out my mission further. Give one more kick to British Government, to get independence to India". After these words, he stopped talking further. Even though doctors were at his attendance, he could not survive. Subhas breathed his last in next half an hour. His body was cremated, andhis mortal rtemains were taken by Japanese Government people, since INA was supported by Japan.

After independence, Habibur Rehaman settled in west Pakistan, since he was having his property in west Punjab, which as transferred to west Pakistan after partition. He was called to Delhi for giving his statement in front of Khosla Committee in the year 1948. At that times, Oak was working for Hindustan Times daily, at its New Delhi office as a sub-editor. Habibur and Oak met at Delhi when former came to Delhi to give his statement in front of Khosla Committee. Both had discussion in disappearance of Netaji Subhas, and as stated above by me, Habibur Rehman, then only witness of Netaji Subhas' death gave a true story, which several people disbelieved it. Even Oak asked him, how he survived fire, when he was so close to Subhas. Habibur showed some burns' remains on his hands to Oak, which was then only three year old.

I met Captain Laxmi, head of Rani Laxmi Ladies' Regiment of INA, in Mumbai, in 2003. She also said that Netaji Subhas expired in plane accident, and Habibur Rehaman's statement, as narrated to me by Oak was correct and true.

Habibur Rehaman, P. N. Oak and Captan Laxmi are all dead now.

Mortal remins of Netji Subhas are available at Rinkoji Temple at Japan. These mortal remains may be DNA analysed against blood sample of Netaji Subhas' only daughter, now aged 71 year old, Anita Bose Puff, who is in Germany. I happened to meet her in Mumbai, in the year 2004.

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