3 policemen killed in clashes with TLP workers in Lahore

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New Delhi, Oct 23 | Three policemen were killed and several others injured in clashes with workers of the Tehreek-i-Labbaik Pakistan (TLP) Islamist party in Lahore, Dawn reported.

In a statement, Lahore DIG (Operation) spokesperson Mazhar Hussain identified two of the slain officials as Ayub and Khalid.

The identity of the third official has not yet been ascertained, but a statement from the provincial Chief Minister stated that three policemen were killed.

Hussain said that several others were also injured and taken to the hospital in critical condition.

“Protesters also hurled petrol bombs on officials,” he said, adding that officials tried to prevent them from vandalising and damaging public property.

“The angry mob also used sticks and pelted stones,” he said, adding that officials were showing restraint despite the violence.

TLP media coordinator, Saddam Bukhari, said the police attacked the peaceful rally that was on its way to Islamabad, the Dawn report said.

In a separate statement, a spokesperson for the banned group in Pakistan said that workers had endured the “worst shelling in history” and were “attacked from all sides” near the Mao College Pul.

By late Friday night, the protesters had managed to reach Azadi Chowk, where they staged a sit-in for the night.

The group’s leaders said they plan to leave for Islamabad at dawn.

The spokesperson claimed that at least 500 workers were seriously wounded while several had died.

However, as the violence erupted in Lahore, a statement issued by the proscribed group said that negotiations would not happen till TLP chief Saad Hussain Rizvi is released, the report added.

“They called us for talks, but attacked our workers from the back,” a statement by the group’s spokesperson said. He claimed that “thousands” were seriously injured and many had bullet injuries.

“Now, only the TLP chief will lead the negotiations,” the spokesperson said.

The statement reiterated what the group had earlier demanded of the government.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.

While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.

Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.

Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.

On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

 

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