A 50-year-old man in Bengaluru allegedly died by suicide after reportedly suffering financial losses linked to stock market investments and falling into heavy debt.
The deceased was identified as 50-year-old
Venkatesh. According to preliminary information, he had incurred losses from investments in the stock market and was also suffering from illness.
Police said the financial setbacks had pushed him into significant debt, and he was allegedly facing pressure from creditors.
Distressed by the situation, Venkatesh reportedly ended his life. His body was found on a railway track near Hebbal on Sunday.
Personnel from the Baiyappanahalli Railway Police Station reached the spot after the incident and conducted an inspection.
Authorities have initiated further investigation to ascertain the exact circumstances surrounding the death.
MARKETS UNDER PRESSURE AMID GLOBAL UNCERTAINTY
The incident comes at a time when stock markets have been witnessing heightened volatility, with benchmark indices recording sharp declines.
According to news agency PTI, stock market benchmark indices Sensex and Nifty tumbled nearly 3 per cent in early trade on Monday, as rising crude oil prices and weak global equities weighed heavily on investor sentiment.
The 30-share BSE Sensex fell 2,345.89 points or 2.97 per cent to 76,573.01 in early trade, while the 50-share NSE Nifty dropped 708.75 points or 2.89 per cent to 23,741.70.
All the 30 companies listed on the Sensex were trading lower.
InterGlobe Aviation declined nearly 8 per cent, while Tata Steel, Maruti, State Bank of India, Eternal, Asian Paints and ICICI Bank were among the major laggards.
CRUDE OIL SPIKE ADDS TO MARKET CONCERNS
A sharp spike in global crude oil prices has been identified as one of the key factors affecting market sentiment.
Brent crude, the global oil benchmark, jumped 23.63 per cent to USD 114.59 per barrel, raising concerns about the economic impact, particularly for oil-importing countries such as India.
“Brent crude has spiked above $115, delivering a big oil shock to economies and markets. Big oil importers like India will be hit hard if the West Asian conflict lingers long and crude price remains high,” VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, said.
GLOBAL MARKETS ALSO DECLINE
Weakness in global markets has also contributed to the negative sentiment among investors.
In Asian markets, South Korea’s Kospi tumbled more than 7 per cent, while Japan’s Nikkei 225 dropped 6.5 per cent. Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index were also trading lower.
The US market had ended lower on Friday, further adding to the cautious mood across global equities.
