R-Day celebrations begin from Jan 23, visitor numbers curtailed

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New Delhi, Jan 18 | Around 1000 drones, 75 military aircraft and tableaux of 12 states and Union Territories and nine ministries will be part of the Republic Day celebrations at Rajpath in the national capital.

Interestingly, the government has introduced two important changes — Republic Day celebration week will be held from January 23 to January 30 and the main function will begin 30 minutes later on January 26.

It will begin at 10.30 a.m. in place of 10 a.m. to let visibility improve by the time flypast takes place.

The celebrations will begin from January 23 to mark the 125th birth anniversary of Netaji Subhas Chandra Bose. It will end on January 30 to commemorate Martyrs Day.

Further, a number of visitors at the Republic Day parade has been curtailed significantly. Last year when the first Covid-19 wave was ebbing down around 25,000 visitors were allowed. This year, the number has been significantly curtailed between 5,000 to 8,000 and still is being worked out as Covid-19 cases have increased significantly.

The government is encouraging the hybrid mode to watch live the Republic Day celebrations.

At the parade 12 states and Union Territories and nine ministries and departments will showcase their tableaux. The states which have been selected include Arunachal Pradesh, Haryana, Chattisgarh, Goa, Gujarat, Karnataka, Meghalaya, Punjab, Uttar Pradesh and Uttarakhand.

Over the controversy of states complaining that their Tableaux were not being selected, the government stated that polite responses had been sent to states who have objected to their tableaux not being selected. “There will be no revision of the decisions,” said a government source.

It is not possible to select all the states’ Tableaux, said a senior government officer adding that it is a long process. “A technical committee of experts makes these decisions and takes them sufficiently in advance and thereafter the tableaux are made,” said the officer.

Letters received from Chief Ministers of West Bengal and Tamil Nadu to the Ministry of Defence have been given polite responses explaining how the selection process is constituted.

Two new events at the ‘Beating The Retreat’ ceremony on January 29 have been approved. First laser projection on parapet of North and South Block commemorating 75 years and drone show will be held by a startup from IIT Delhi with nearly 1,000 drones.

The startup India of the IIT Delhi — Bot Lab Dynamics — will be showcasing a swarm drone display of 1,000 drones themed on 75 years of Independence on January 29 on the day of Beating The Retreat.

Further in a special programme at the India Gate, Prime Minister Narendra Modi will confer the Netaji Subhash Chandra Bose Apada Prabandhan Puraskar in recognition of the contributions in disaster managment to individuals and institutions.

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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