Rakht tells the story of Drishti [Bipasha Basu], a tarot card reader, who is gifted with a strange ability to foresee occurrences. She can also sense the approaching danger and peer vaguely into the future.Young widow, Dhristi, is a psychic with the ability to foresee the future. She runs a small business telling fortunes. She has many male admirers who would like to marry her, namely:
Rahul who is likely to be the new Mayor; Mohit - a garage mechanic, who calls her "dost", and comes to her aid several times; Advocate Abhigyan Gupta - who will do anything to please her. Then the present Mayor, Raja Bahadur's daughter, Natasha, who is betrothed to Rahul, goes missing, Dhristi has a vision of her dead body, and a lake.
She is scoffed upon by the local Assistant Commissioner of Police, Ranbir Singh, nevertheless the police do drag the lake at Raja's insistence and recover Natasha's dead body. The primary suspect is Sunil "Sunny" Dehal, who is arrested, tried in court, found guilty, and sentenced to life in jail. The Police, Raja, and everyone else is satisfied with this judgment - everyone except Dhristi - and it is only she who knows that the real killer is still at large.