Chennai, Nov 5 | The Chennai police have registered 758 cases for violating the Supreme Court order while bursting crackers during Diwali celebrations.
The police arrested the violators and charged them under Section 284 (negligence to endanger human life or likely to cause hurt or injury to any person) of the Indian Penal Code. They were later released on bail.
The Tamil Nadu government had issued guidelines to burst crackers from 6 a.m. to 7 a.m. and from 7 p.m. to 8 p.m. during Diwali celebrations. However, people burst crackers without sticking to any time frame throughout the day and at night also.
In Chennai city and surrounding areas like Chengalpattu and Kancheepuram firecrackers were burst throughout the day. After receiving complaints from local residents police took action and registered cases against those who burst firecrackers without adhering to any time frame.
A police officer told IANS, “People have to understand why the government and police have given a time frame to burst crackers. If they are not listening to our request, then we will have to take action and as a first step, we have charged 758 people under Section 284 which is a bailable offence.
Meanwhile, 20 people were admitted to various hospitals in Chennai following minor burn injuries during bursting of crackers.
The fire control rooms across Tamil Nadu received 169 distress calls. Fire and rescue personnel were deployed in places where there were emergencies.
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.
Source: Choice India