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Gelatin Sticks Seized near Mumbai Traced To Same Company That Made Antilia Case Explosives
Thane police on Monday seized around 12,000 gelatin sticks and 3,008 detonators from the Karivali area in Bhiwandi, following which two have been arrested.
IMAGE: PTI/ANI
The Thane police on Monday seized an incredible and shocking load comprising 12,000 explosive gelatin sticks and 3,008 detonators from the Karivali area in Bhiwandi near Mumbai. Following this, two people have been arrested - the owner of the company named Mittal Enterprises, Gurunath Mhatre, and his supplier from Sangamner, Amol Jondale. Both of them have been sent to police custody for further investigation into the matter.
Key equity indices bounced from the day s low in mid-afternoon trade. FMCG shares declined for fourth sessions. The Nifty regained the 15,000 mark.
At 14:21 IST, the barometer index, the S&P BSE Sensex, was up 271.16 points or 0.54% to 50,712.23. The Nifty 50 index added 54.40 points or 0.36% at 15,010.60.
Sentiment was lifted by positive global cues. US Dow index futures was up 197 points, indicating a positive opening in the US stocks on Tuesday.
The broader market underperformed the benchmark indices. The S&P BSE Mid-Cap index slipped 1.10%. The S&P BSE Small-Cap index shed 0.92%.
Sellers outnumbered buyers. On the BSE, 1100 shares rose and 1819 shares fell. A total of 200 shares were unchanged.
Solar Industries India fell 3.52% to Rs 1353.90 as the counter witnessed some bit of profit taking.
In the past three months, the stock has gained 29.14% while the benchmark Sensex has added 9.66% during the same period.
Meanwhile, CRISIL has reaffirmed its CRISIL AA+/Stable/CRISIL A1+ ratings on the bank facilities and commercial paper of Solar Industries India.
CRISIL said the ratings continue to reflect the Solar group s robust market position in the domestic, export & overseasmarkets in the explosives and detonators industry, strong operating efficiency, and strong financial risk profile. These strengths are partially offset by susceptibility to regulatory risks and to volatility in foreign exchange (forex) rates.