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ED arrests former Reliance Communications director in fraud case

after close1 source ↓written by the desknot a recommendation

bank fraud case
₹40,000 crore
and highlights serious
21 Aug 2025

The Directorate of Enforcement (ED) has arrested Punit Garg, former Director of Reliance Communications, for alleged involvement in a ₹40,000 crore bank fraud case under the Prevention of Money Laundering Act. The arrest follows a CBI FIR from 21 Aug 2025 and highlights serious allegations of money laundering and corruption.

This development may impact market sentiment towards Reliance Communications and its group entities, as ongoing investigations could lead to further scrutiny and regulatory actions.

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 1 Feb 2026, 16:13 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

RCOM closed −0.9% on the day of the news, from ₹1.07 to ₹1.06; Nifty +1.1% over the same session.

Bulletin at 16:13 IST on 1 Feb 2026. Every change is measured from ₹1.07, the last close before it, on 1 Feb. 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 it0.831.071.31axis spans 57%before the news · 1 Feb1.07Nifty 50RCOMbulletinD0+1+3+527 Jan5 Feb16 FebReference close ₹1.07. 16 sessions from 27 Jan to 16 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 %
Before1 Feb₹1.07basebase
On the day2 Feb₹1.06▼ −0.9%▲ +1.1%−2.0 pp difference
+1 session3 Feb₹1.03▼ −3.7%▲ +3.6%−7.4 pp difference
+3 sessions5 Feb₹1.09▲ +1.9%▲ +3.3%−1.4 pp difference
+5 sessions9 Feb₹1.05▼ −1.9%▲ +4.2%−6.1 pp difference
Gap at the open, % · ₹
0.0%0.00 on 2 Feb
Day's range, % · ₹
1.9%≈ 0.02 high to low
Volume on the day
0.56×the 20-session average
Futures OI on the day
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Futures OI open, lots
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Futures premium, ₹
—
Puts per call, by OI
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Max pain
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