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ED arrests former Reliance Com director in bank fraud case

after close1 source ↓written by the desknot a recommendation

bank fraud case
₹40,000 cr

The Enforcement Directorate (ED) has arrested Punit Garg, a former director at Reliance Communications, in connection with an alleged ₹40,000 cr bank fraud case. The arrest follows a complaint from public sector banks and a CBI investigation into the now-defunct RCOM and its founder, Anil Ambani. This development raises concerns about potential implications for the telecom sector and investor sentiment.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 31 Jan 2026, 16:11 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

RCOM closed +0.9% on the day of the news, from ₹1.06 to ₹1.07; Nifty −2.0% over the same session.

Bulletin at 16:11 IST on 31 Jan 2026. Every change is measured from ₹1.06, the last close before it, on 30 Jan. Nifty 50 is measured over the same sessions.

  • RCOM close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
RCOM closes around the bulletin against the close before the news, with Nifty 50 rebased to it0.821.061.30axis spans 57%before the news · 30 Jan1.06Nifty 50RCOMbulletinD0+1+3+523 Jan4 Feb13 FebReference close ₹1.06. 16 sessions from 23 Jan to 13 Feb; the price axis spans 57 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before30 Jan₹1.06basebase
On the day1 Feb₹1.07▲ +0.9%▼ −2.0%+2.9 pp difference
+1 session2 Feb₹1.060.0%▼ −0.9%+0.9 pp difference
+3 sessions4 Feb₹1.07▲ +0.9%▲ +1.8%−0.9 pp difference
+5 sessions6 Feb₹1.07▲ +0.9%▲ +1.5%−0.5 pp difference
Gap at the open, % · ₹
0.0%0.00 on 1 Feb
Day's range, % · ₹
7.6%≈ 0.08 high to low
Volume on the day
1.21×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

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