Disclosed is a rotating tool for inducing rotation, e.g., for activating and operating coil tubing tools for fishing target equipment in a bore casing of an oil well-bore. The rotating tool is connected with an end of coiled tubing reeled into the oil well-bore, and its other end is connected to a target equipment on which rotation is to be induced. The rotating tool converts linear motion in a first direction of the coiled tubing into rotation, and the rotation hence produced operates a coil tubing tool e.g., opening/closing jaws on an overshot. The rotating tool includes adjustable screws which allow the rotation resistance to be adjusted.