Gurugram police to launch special drive against old vehicles

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Gurugram, Sep 22 | After the Supreme Court imposed a ban on 10-year-old diesel and 15-year-old petrol vehicles in the National Capital Region (NCR) in view of rising pollution, the Gurugram police will launch a special drive to create awareness among the people and motivate them not to ply such vehicles as it will harm the environment.

According to the police, 14 districts of Haryana, including Gurugram and Faridabad, come under the NCR, in which the use of 15-year-old petrol and 10-year-old diesel vehicles are completely banned.

Under this campaign, the police teams will spread awareness at taxi stands, auto markets and other public places.

During the awareness drive, people found violating the SC order will be booked for flouting traffic norms.

“Gurugram police will take action against people in violation of the rules of the National Green Tribunal and the SC as per rules under the Motor Vehicles Act. Legal action will be taken against the drivers who disobey these orders as per rules,” said a traffic police official.

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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