Patna, Nov 16 | At least six people were killed and four others critically injured after an SUV collided with a truck in Bihar’s Lakhisarai district on Tuesday, according to authorities.
The accident took place on the Sikandra-Sheikhpura state highway.
The impact was such that the SUV was in a mangled state following the head-on collision.
The driver of the truck and his helper however managed to flee the spot.
The victims, including two women, were returning from Patna to their native village of Jamui.
Halsi Circle Officer Vivek Kumar said that a process to identify the victims is underway.
“As the SUV is badly mangled due to the intense impact, we are using iron cutters to pull out the bodies. The injured persons have been taken to the Sadar hospital,” he added.
On the back of Global Clues and SGX, Nifty opened on a gap down note & continued downside momentum throughout the day and closed the session at 15809.40 level with a loss of 430.90. However, Bank nifty closed the session at 33315.65 level with a loss of 848.05 points.
India VIX closed at 24.56 up by 10.13% which is a sign of more volatility in upcoming sessions.47 stocks out of NIFTY 50 closed in RED which suggest broad based selling. All the sectoral indices were ended in the red with metal, IT indices down 4-5 percent.
Despite one way fall, Stocks like ITC, DRREDDY, POWERGRID were the top gainers, While WIPRO, HCLTECH, INFY, TCS & TECHM were prime losers. On a daily chart, Nifty has formed a Bearish candle which indicates downside momentum for an upcoming session. Moreover, Nifty is showing support from horizontal line i.e., 15750 levels which is make or break level. In addition, Nifty has been sustained above the 21-Monthly Moving Average which indicates a bounce back from lower levels can be seen.
However, the momentum indicators MACD & Stochastic were trading with a negative crossover & trading in oversold zone which is a sign of sideways to negative trend in Nifty. The Nifty may find Strong support around 15700 levels, breaching below it can show more downside till 15500 levels while on the upside 16000 may act as an immediate hurdle. On the other hand, Bank nifty has support at 32800 levels while resistance at 34500 levels.
Source: Choice India