Blast outside Balochistan University kills cop, 17 inured

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New Delhi, Oct 18 | A policeman was killed while 17 persons were injured in a blast near the Balochistan University on Quetta’s Sariab Road in Pakistan on Monday, the Dawn reported.

Law enforcement agencies and rescue officials began arriving on the scene shortly after the incident was reported. The area has been cordoned off by the security officials.

Balochistan government spokesperson Liaquat Shahwani said that a police truck deputed outside the varsity gate was targeted with an explosive device planted in a motorcycle.

Initially, Shahwani had said that one police officer was killed and eleven persons, including seven cops and four passersby, were injured. In a later update, he said that 17 people had been injured in the incident, the report said.

Civil Hospital spokesperson Wasim Baig added that the injured included 13 police officers and four passersby.

Home Minister Mir Ziaullah Langove said that the police had been providing security to protesting students outside the varsity when the blast occured.

“The attackers wanted to target the students, but the police officers were targeted due to tight security arrangements that were in place,” the minister said.

Meanwhile, Interior Minister Sheikh Rashid Ahmed condemned the incident and said that he has sought a report from the Balochistan IGP.

On September 25, four security personnel were killed and two others were injured in a bomb attack on a vehicle of the Frontier Corps (FC) in the Khosat area of Balochistan’s Harnai district.

The banned Baloch Liberation Army had claimed responsibility for the attack.

The FC soldiers were on patrolling duty. When their vehicle reached the Safar Bash area, the improvised explosive device went off, resulting in the martyrdom of four soldiers and injuries to two officers.

Source: IANS

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Share Market Closing Bell: Nifty ends below 16,100, Sensex falls 303 pts

Share Market Closing Bell: Nifty ends below 16,100, Sensex falls 303 pts

Dalal Street found no relief with incessant sell off during the month. Nifty traded on a bearish note and ended at 16025.80 with loss of 99.35 points or 0.62 percent following weak global cues on Wednesday. While Banknifty closed at 34339.50 on the higher side with marginal gain of 49.35 points.

bhaskarlive market closing

The weakness in US stocks is playing out globally with signs of higher inflation, which has spoiled investors’ appetite for the Indian market as well. Rising India VIX to 25.28 has led Indices to big intraday swings on both sides. Sectorally maximum sectors closed on the negative side as Nifty IT and Nifty Media sheds more than 3 percent each. While Nifty Financial Services ended on a positive side gaining 0.68 percent.

In nifty stocks, NTPC, HDFCLIFE, SBILIFE were the top gainers while ASIANPAINT, ADANIPORT and TECHM were the prime laggards. Coming to the OI Data, on the call side highest OI witnessed at 16200 followed by 16300 strike price while on the put side, the highest OI was at 15800 strike price. Technically, Nifty has formed three black crow patterns in the daily chart suggesting bearishness would remain intact. We expect a rise in volatility as well on monthly expiry day.

Riding against the trend may not be beneficial for short term traders. All major moving averages are lying above 16300 levels. Indicators such as MACD and RSI are still struggling to overcome the oversold zone in the daily time frame. Overall, Nifty is having support at 15800 mark while on the upside 16300 may act as an immediate resistance for monthly expiry. While Banknifty has support around 33500 while resistance is placed at 35200 on the daily chart.

Om Mehra
Research Associate
Choice Broking

Source: Choice India

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