Shiv Sena chief Bal Thackeray died in Mumbai afterprolonged illness at 86 at Matoshree in suburban Bandra around 3.30 pm on Saturday.
Reports stated that Thackeray had been suffering from lung and pancreatic ailments and had been under the supervision of doctors for two weeks.
There are reports that the funeral procession of the Shiv Sena founder would begin at 10 am on Sunday and Thackeray is likely to be cremated at 4 pm at Shivaji Park crematorium.Security was tightened at Matoshree from Wednesday night, with the police putting up barricades to restrict movement around the area.
Balasaheb Keshav Thackeray (23 January 1926- 17 November 2012) was an Indian politician, founder and chief of the Shiv Sena, a right-wing Hindu nationalist, and Marathi ethnocentric party active mainly in the western Indian state of Maharashtra.
Thackeray began his professional career as a cartoonist with the English language daily the The Free Press Journal in Mumbai, but left it in 1960 to form his own political weekly Marmik.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.