Evening Newswrap: SC says protest sites cannot be occupied indefinitely; Sensex surges over 1,200 points, and more | India News

Evening Newswrap: SC says protest sites cannot be occupied indefinitely; Sensex surges over 1,200 points, and more
  • The Supreme Court said no group can occupy a designated protest site indefinitely, stressing that the right to demonstrate must be balanced with the rights of other citizens.
  • Sensex surged 1,225 points and Nifty gained 370 points, with softer crude prices, hopes of an LTCG tax review and foreign investor buying lifting market sentiment.
  • Mahadev betting app accused Sourabh Chandrakar, who allegedly built a betting empire from a Rs 15,000-a-month juice shop job, was brought to India from Oman.
  • The Samajwadi Party distanced itself from AISA chief Neha Bora’s ‘Brahmanvaad’ remark, with ally leaders calling her comments inappropriate and warning against caste-based generalisations.
  • Americans have begun voting in US midterm elections that will decide control of Congress and determine how much power Donald Trump retains during the final two years of his term.

Here are the top news stories of the day

Supreme Court says no protest group can occupy designated demonstration site indefinitely

The Supreme Court said designated protest venues must be allotted to different groups for specific periods, observing that no organisation can occupy a site indefinitely. Chief Justice of India Surya Kant said the right to protest cannot prevent others from demonstrating. The court also said orders granting or refusing protest permission must clearly state the reasons. The observations came while hearing pleas by traders’ associations over the impact of demonstrations in Delhi. Read full story

Stock market rally today: Sensex jumps 1,225 points, Nifty gains 370; what drove the surge

Indian stock markets rallied over 1.5 percent on Tuesday, adding nearly Rs 4 lakh crore to BSE-listed companies’ market value. Sensex closed at 76,917.85, up 1.62 percent, while Nifty settled at 23,810.85, gaining 1.58 percent. Softer crude prices, expectations of an LTCG tax review, continued FII buying and weakening AI-related trade supported investor confidence. Read full story

The rise and fall of Mahadev betting app accused Sourabh Chandrakar

Sourabh Chandrakar, accused of running the Mahadev Online Book betting syndicate with Ravi Uppal, was brought back to India from Oman following extradition proceedings. Investigators allege the operation expanded into an international betting network, with Dubai as its base. A lavish 2023 wedding estimated to cost Rs 200 crore brought the case into the spotlight. The investigation also involves alleged money laundering, overseas assets and political links.

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