Two dead as heavy rainfall pounds Bengaluru (Ld)

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Bengaluru, May 18 | Bodies of two labourers were recovered on Wednesday morning as heavy rain pummeled the city throwing life out of gear.

Heavy rainfall is likely to continue for three more days, the India Meteorological Department (IMD) has warned.

The bodies were recovered in the pipeline work site of Cauvery State 5 project in the morning.

According to DCP (West) Sanjeev Patil, the tragedy occurred following heavy rains on Tuesday night in Ullal Upanagar near Upkar Layout bus stand. Three persons entered the site and only one could survive.

The deceased have been identified as Devbrath from Bihar and Ankit Kumar from Uttar Pradesh. Trilok, another labourer, however, managed to escape. The deceased were inside working when the rain picked by 5 p.m. The water levels had risen too high by 7 p.m. preventing them from coming out, the DCP explained.

Two contractors have been secured and the role of engineers is being examined. The case is being investigated by Jnanabharthi police station, he said.

The IMD has sounded a red alert in coastal districts and hilly regions of Karnataka for Wednesday. The experts say that due to the cyclone on south-west Arabian Sea, heavy rains with thunderstorms and lightning are expected in the next 24 hours.

Bengaluru woke up to drizzles on Wednesday. However, the effects of heavy rain that lashed the city late Tuesday disrupted life.

The traffic on the Bengaluru KempeGowda International Airport (KIAL) highway was affected with the vehicles stranded on the road for more than two hours.

Drain water had flooded houses in Janapriya Layout of R.R. Nagar and many localities in Bengaluru. 20-feet tall compound wall built six months ago had also collapsed following incessant rains.

Heavy rains have uprooted trees on many arterial roads in Bengaluru, affecting vehicular traffic.

A yellow alert has been issued on May 19 and 20 for the Bengaluru Urban, Bengaluru Rural, Chamarajanagar, Chikkaballapur, Chikkamagalur, Chitradurga, Davanagere, Hassan, Kodagu, Kolar, Mandya, Mysuru, Ramnagar, Shivamogga and Tumakuru districts.

Due to the incessant rains in Kerala and Madikeri district in Karnataka, the water level in the Krishna Raja Sagar(KRS) Dam in Srirangapatna of Mandya district touched 100 feet. This is the first time in 10 years that the water level has stood at 100 feet during May.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

On a weekly expiry day, Nifty opened on positive note and have a dip to make an intraday low at 15367.50 level but showed bounce back moment as managed to close at 15556.65 level with a gain of 143 points. Bank Nifty closed the session at 33135 level with a gain of 289.70 points. 45 Out of Nifty 50 ended in green which suggest broad based buying.

All the sectoral indices managed to close in green expect Energy while Nifty Auto was top gainer. Among Nifty Stock, MARUTI, EICHERMOT, HEROMOTOCO & M&M were the top gainers, While RELIANCE, COALINDIA, POWERGRID & GRASIM were the prima laggards. India VIX closed at 20.88 level with a loss of 1.97%. On Technical Front, The Nifty has formed bullish candle but faced resistance at 21 Four-Hourly Moving Average i.e., 15647 which suggest crossing above the same can show more upside rally.

Nifty has been trading in range of 15200-15700 level while breaching either side can suggest further direction of breakouts. Nifty has given above 50-Hourly Moving Averages which indicate it can show upside moment in the counter. On the Nifty OI Data, On the call side ,the highest OI witnessed at 16000 level while on the put side was at 15500 Niftg level followed by 15300 levels. The momentum indicators Stochastic is trading with a positive crossover on a daily chart which suggest northward journey in the Nifty.

The Nifty may find support around 15200 levels while on the upside 15700 may act as an immediate hurdle. On the other hand, Bank Nifty has support at 32300 levels while resistance at 33800 levels.

Overall, Sector specific momentum has been observed, crossing above 15700 Nifty can show more upside rally.

Market entering into buy on dips pattern.

Palak Kothari
Senior Technical Analyst
Choice Broking

Source: Choice India

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The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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