Delhi Assembly summons Facebook India representatives over 2020 riots


New Delhi, Oct 29 | The Delhi Assembly’s Committee on Peace and Harmony on Friday summoned representatives from Facebook India to testify on November 2 over the February 2020 riots in the national capital.

In a letter, the Committee said that it will focus on social media giant’s role in curbing false and malicious messages that could cause disharmony in the society.

“Since Facebook has lakhs of users in the NCT of Delhi, the Committee has decided to hear the views of representative(s) of Facebook India.”

The Committee was constiutued after the Northeast Delhi riots took place between anti and pro-Citizenship Amendment Act (CAA) protesters.

The time of the mayhem coincided with former US President Donald Trump’s maiden trip to India.

The letter further said that various persons including journalists, former bureaucrats and community leaders have appeared before the Committee to offer their evidence and suggestions.

“The Committee has observed and is of the opinion that social media has a very important role in curbing the spread of false, provocative and malicious messages, which can fan the violence and disharmony.”

The Committee has asked Facebook India to send a competent senior representative(s), who are well conversant with the issue but at the same time asked the social media company to restrict the number of representatives to a minimum due to the Covid-19 situation.

“The failure to send a representative will lead to initiation of proceedings for breach breach of privilege/contempt of the Assembly,” the letter added.

Over 50 people had died in this riots, one-third of which belonged to a minority community.

Several viral posts over social media, mainly Facebook, added fuel to the fire.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

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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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