UP Police ADG assures strict action against Lakhimpur rioters


Lakhimpur Kheri (UP), Oct 4 | Nearly 24 hours after the violence in Lakhimpur Kheri district of Uttar Pradesh, the police administration and the farmer leaders finally reached a truce to end the massive protests against the state government after eight farmers were killed during a farmers protest which turned violent on Sunday.

At present, the bodies of all deceased farmers have been sent for post-mortem while the protesting farmers have now moved towards their respective protest sites.

Prashant Kumar, Uttar Pradesh Police’s Additional Director General (ADG) (Law and Order), while speaking to IANS on the Lakhimpur Kheri violence said, “We spoke to the farmer organisations and several other people and clarified that the Uttar Pradesh government has already expressed regret over the violence. The state government has assured that all culprits involved in the incident won’t be spared. Strict action will be taken against those found guilty in this connection.”

The UP Police ADG said a financial compensation of Rs 45 lakh will be given to the kin of the deceased farmers while assistance of Rs 10 lakh will be awarded to the injured persons and a judicial inquiry has been ordered by a retired high court judge into the entire sequence of events which led to the violence. Apart from this, one member from the family of each of the deceased victims will be promised a state-level job according to their capability.

Asked whether a financial compensation will be given to either four or five deceased victims? Since farmers are demanding financial aid for five deceased farmers, Prashant Kumar said, “Till now the farmers have raised the issue of giving financial compensation to the kin of only four deceased farmers. If there is any such demand for one other deceased farmer, then the state government will take appropriate decision on it accordingly.”

However, the farmer leaders have appealed to all their supporters to avoid congregation at various places for smooth traffic movement.

Earlier, a truce was announced in a joint press conference held by the farmer leaders and the police administration.

Meanwhile, the tense situation prevailing at the incident site has returned to normal. Farmer leaders have asked the family members of the deceased to go ahead and perform their last rites.

Before this, the post-mortem of the deceased farmers was conducted by a team of five doctors and under camera supervision. However, farmers are still gathered in large groups at the incident site and are posting pictures on the social media.

At present, a large number of police personnel, Sashastra Seema Bal and Rapid Action Force have been deployed in the violence-affected area to prevent any untoward incident.

Source: IANS

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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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