Baloch Nationalist Army claims responsibility for Lahore blast

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New Delhi, Jan 21 | The Baloch Nationalist Army, a newly emerged militant outfit, has claimed responsibility for the powerful blast in Lahore that killed three people and injured dozens others, Dawn reported.

The group was formed earlier this month when Balochistan Republican Army and United Baloch Army merged and appointed Mureed Baloch as their spokesman.

However, Interior Minister Sheikh Rashid said in a TV show on Thursday evening the Tehreek-i-Taliban Pakistan had claimed responsibility, but intelligence agencies were yet to determine who was behind the terrorist attack.

In what appears to be a re-emergence of militancy in Lahore, a powerful blast ripped through the crowded Anarkali market, killing three people and injuring 33 others here on Thursday.

Police and other law enforcement agencies initially declared it a gas cylinder explosion, but later investigations confirmed it was a bomb blast.

The explosion left a deep crater on the road, damaged windowpanes of several buildings, vehicles and left 33 people injured, three of them critical.

Three women were among the injured, the report said.

Several photos and videos shared online showed plumes of smoke rising from a damaged motorcycle and some carts outside a shop and partially damaged set-ups nearby.

Police officers believed the explosion resembled the timed-device blast carried out in July 2013 at the Old Anarkali food street that had killed five people.

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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