Patna, Oct 4 | Four of a family were killed and another injured when the car they were travelling in collided with a truck coming from opposite direction in Bihar’s Rohtas district on Monday.
The accident took place at the Sabrabad village under the Chenari police station on Sasaram Arrah state highway
The deceased were identified as Diwakar Saw, Krishna Kumar Saw, Gopal Prasad Saw and Ashok Gupta, who died on the spot. Another person, Pappu Gupta, was seriously injured and was taken to Varanasi for treatment.
The victims were going to the Moradabad village near Sasaram city to fix the marriage of Diwakar’s niece. When they reached Sabrabad village, their car collided with a speeding truck coming from the opposite direction.
“We heard a loud sound after the impact of both vehicles. The local villagers reached at the spot and rescued one of the victims,” said a villager in a statement to the police.
“The villagers informed us about the accident near Sabrabad village. The car was mangled due to the intense impact of the accident. We have recovered the dead bodies after cutting the car using gas cutters,” said P. Sharma, investigating officer of the Chenari police station.
“We have registered an FIR under rash and negligent driving amounting to deaths against the errant driver of the truck. He will be arrested soon,” the official said.
The Indian market recovered sharply on the last trading day amid the weekend after a continuous fall. Market has managed to halt above 16000 Nifty levels after continuous losing streak. Index reacted violently, grasping Indian as well as global factors throughout the week. Simultaneously, Inflation is catching up and profit margins are taking a hit.
Sensex advanced 1532 points or 2.90 percent while Nifty gained 484 points or 3.07 percent in a week. Simultaneously, Bank nifty has overcome bear’s dominance ending the session with 3.49 percent gain. Sectorally,Nifty Metal saw the highest gains of 7.40 percent followed by the Realty and Auto added over 4% gain. On the flip side Nifty IT tumbled 2.82 percent on weekly basis. Midcap and Small Cap measures rising nearly 2 percent as well.
In Nifty stock, EICHERMOT gained 11.31% while TECHM lost 5.98% on a weekly basis. INDIA VIX closes at 23.10 suggests volatility driven market is going to remain intact. Coming to the OI Data, on the call side highest OI witnessed at 17000 Nifty followed by 16800 Nifty strike price while on the put side, the highest OI was at 16000 Nifty followed by 15800 Nifty strike price. Technically, Nifty has formed a Tweezer Bottom type pattern in the weekly chart suggesting a short term buying rally may drive the market until monthly expiry. On the daily chart, price has rebounded from the lower Bollinger band as well.
Momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone. However, Index is still struggling to get the support of 50 Simple Moving Average in daily chart. Short term investors and traders are advised to work with option strategies to neutralize the volatility. Overall, Nifty is having support at 15700 mark while on the upside 16700 followed by 16500 may act as an immediate resistance. While Bank nifty has support around 32500 while resistance is placed at 36000 on weekly chart.
Source: Choice India