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Manhunt, Market Jolt, FCRA Action, and U.S.–Pakistan Talks Mark a Tumultuous Day for India

The day underscored simultaneous strain across policing, markets, foreign policy.

Overview

  • Delhi Police said accused Swami Chaitanyanand’s last traced location was Mumbai, issued a look‑out notice, and are probing alleged DVR/CCTV tampering while seeking dashcam footage, with BNS sections for sexual harassment and criminal intimidation invoked.
  • SENSEX fell about 800 points and Nifty slipped below 24,700 after U.S. tariffs were announced for October 1, with 100% on branded pharmaceuticals, 50% on furniture and 25% on heavy trucks, compounding weak IT sentiment tied to H‑1B fee changes and global cues.
  • Analysts flagged exposure for Indian pharma names such as Sun Pharma, Natco, Aurobindo, Lupin and Biocon, while exporters to the U.S. furniture market—about $1.14 billion in 2024—include firms like Nilkamal, Godrej Interio and Carisel showing stock pressure.
  • The Home Ministry cancelled SECMOL’s FCRA registration as Ladakh’s LG Kavinder Gupta called recent violence a conspiracy, reported around 90 injuries, cited temporary school closures and restrictions, and said further action would follow evidence.
  • Pakistan Prime Minister Shahbaz Sharif met President Donald Trump at the White House with Army Chief Field Marshal Asim Munir present, a rare Oval Office visit for a Pakistani premier since 2019 during Sharif’s U.S. trip tied to UNGA engagements.