Thousands of monks rally in Seoul against Prez’s ‘anti-Buddhist bias’

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Seoul, Jan 21 | Thousands of Buddhist monks held a rally in Seoul on Friday, demanding President Moon Jae-in to apologise for what they called the government’s “anti-Buddhist bias” after a ruling party lawmaker accused temples of collecting admission fees from visitors to national parks.

The lawmaker, Jung Chung-rai of the ruling Democratic Party, has been under a firestorm of criticism from South Korea’s largest Buddhist sect, the Jogye Order, since he compared temples collecting “cultural asset viewing fees” to a legendary swindler known for selling river water for money, reports Yonhap news Agency.

Temples located at national parks have collected 3,000-4,000 won per person in fees from all park visitors regardless of whether they visit the temples or not.

Temples argue they are entitled to such fees because the money is used to take care of temple assets and private areas belonging to temples inside the parks.

Friday’s rally, held at the Jogye Order’s headquarters in central Seoul, drew attention because it came at a time when the presidential race is heating up amid speculation that anti-government sentiment among Buddhists could affect the chances of ruling party candidate Lee Jae-myung.

It marked the first time in 28 years that the Jogye Order has organised a large-scale rally of monks from across the nation in the name of the National Convention of Monks since a 1994 rally was convened for reform of the sect.

“The government is to preserve cultural heritages, but it now dares to instigate religious conflicts and shift the responsibility,” Ven. Wonhaeng, the head of the Jogye Order, said during the rally held at Jogye Temple.

In a statement released before the rally, the Jogye order and the participants called for President Moon’s apology, the enactment of laws to prevent further religious bias against Buddhism and measures to preserve national heritages.

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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