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We investigate the dynamical behaviour of a magnetized, dissipative,accretion flow around a rapidly rotating black hole. We solve themagnetohydrodynamic equations and calculate the transonic accretion solutionswhich may contain discontinuous shock transitions. We investigate the effect of$\zeta-$ parameter (parametrizing the radial variation of the toroidal magneticflux advection rate) on the dynamical behaviour of shocks. For a rapidlyrotating black hole and for fixed injection parameters at the outer edge, weshow that stationary shocks are sustained in the global magnetized accretionsolutions for a wide range of $\zeta$ and accretion rate ($\dot{m}$). Toinvestigate the observational implications, we consider dissipative shocks andestimate the maximum accessible energy from the post-shock corona (PSC) fornine stellar mass black hole candidates. We compare this with the observedradio jet kinetic power reported in the literature, whenever available. We findclose agreement between the estimated values from our model with those reportedin the literature.

Effect of magnetic flux advection on the dynamics of shock in accretion flow around a rotating black hole