Japanese city marks 27th anniversary of deadly quake


Tokyo, Jan 17 | The port city of Kobe in the western Japanese prefecture of Hyogo on Monday marked the 27th anniversary of the Great Hanshin-Awaji Earthquake striking the region and claiming the lives of 6,434 people.

A moment of silence was observed at 5.46 a.m. on Monday morning, the time the 7.3-magnitude earthquake rocked the region in 1995, reports Xinhua news agency.

Mourners lit around 5,000 lanterns made from bamboo and paper on Sunday evening.

The lanterns formed the numbers “1.17” to signify the date of the deadly temblor.

The lanterns also formed the kanji character for “forget”, local media reported.

“Forget” in this instance is intended to be a message of hope and wishes for the quake and the calamity it brought to never be forgotten.

The memorial events and number of attendees this year in Kobe and its surrounding regions have been scaled down compared with past years as the current Covid-19 situation is gripping the nation.

The Kobe quake was Japan’s deadliest in the 20th century after the 7.9-magnitude Great Kanto temblor in 1923, which claimed more than 105,000 lives

Source: IANS

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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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