Ready to take steps like complete lockdown to control local emissions: Delhi govt to SC

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New Delhi, Nov 15 | The Delhi government has told the Supreme Court that it is ready to take steps like complete lockdown to control the local emission, which would help in bringing down the air pollution in the national capital, but added that it will have only a limited impact.

In an affidavit, the Delhi government said: “GNCTD is ready to take steps like complete lockdown to control local emissions. However, such a step would be meaningful if it is implemented across the NCR areas in neighbouring states. Given Delhi’s compact size, a lockdown would have limited impact on the air quality regime”.

The government said this issue would need to be addressed at the level of airshed involving NCR areas.

The Delhi government, listing the steps taken so far, said no physical classes would be held in schools this week and the government officials would work from home, and private offices have also been advised to allow work-from-home for their employees.

“All construction and demolition activities will be closed with immediate effect till November 17”, said the affidavit.

On November 13, the Supreme Court took a serious view of the severe air pollution in Delhi-NCR and suggested that if needed the government can declare a two-day lockdown to bring down the levels, which has been caused by stubble burning, vehicles, firecrackers, industries and dust.

At the outset, a bench headed by Chief Justice N.V. Ramana told Solicitor General Tushar Mehta, representing the Centre, that the “situation is very bad… In the house we are wearing masks. It is a bad situation”.

“How to control air pollution in Delhi, two days lockdown or what. How will people live in Delhi?” queried the Chief Justice. The top court will continue to hear the matter Monday.

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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