Uttarakhand rains: Shah speaks to Dhami, assures all help

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New Delhi, Oct 18 | Amid continuous heavy rains in Uttrakhand, Union Home Minister Amit Shah on Monday spoke to Chief Minister Pushkar Singh Dhami and took stock of the situation.

Shah also enquired about the steps taken by the state government in the wake of the incessant rains and assured him of all possible central help.

According to the state government officials, Dhami directed all district magistrates to update him on the situation on hourly basis.

They also said that the Chief Minister has asked the Chardham Devasthanam Board to temporarily suspend the ‘Char Dham Yatra’ because of the heavy downpour since Sunday and asked the pilgrims not to proceed further till the weather improves.

Dhami on Monday also visited the state disaster control room at the secretariat and took the updates of the roads and highways, the officials added.

Meanwhile, National Disaster Response Force (NDRF) has deployed 10 teams in seven affected districts of the state.

According to the NDRF, one team each has been deployed in Dehradun, Almora, Pithoragarh, Haridwar while two teams each have been deployed in Chamoli, Uttarkashi and Gadapur.

Over 4,000 pilgrims who have been headed for Kedarnath, have been asked to stay at safe places and the concerned district administrations have been asked to provide assistance to all Yatris.

The meteorological department has predicted heavy rains in the state between October 17 and 19 while the areas surrounding Badrinath and Kedarnath have received light snowfall. Heavy to very heavy rains, lightning, hail storms and high speed winds up to 60-70 kmph have been predicted by the Met department for all 13 districts of Uttarakhand.

In February this year too, the Chamoli district had faced a flood like situation in the wake of a glacier breaking off and causing destruction to many bridges and dams.

Source: IANS

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Share Market Closing Bell: Nifty ends below 16,100, Sensex falls 303 pts

Share Market Closing Bell: Nifty ends below 16,100, Sensex falls 303 pts

Dalal Street found no relief with incessant sell off during the month. Nifty traded on a bearish note and ended at 16025.80 with loss of 99.35 points or 0.62 percent following weak global cues on Wednesday. While Banknifty closed at 34339.50 on the higher side with marginal gain of 49.35 points.

bhaskarlive market closing

The weakness in US stocks is playing out globally with signs of higher inflation, which has spoiled investors’ appetite for the Indian market as well. Rising India VIX to 25.28 has led Indices to big intraday swings on both sides. Sectorally maximum sectors closed on the negative side as Nifty IT and Nifty Media sheds more than 3 percent each. While Nifty Financial Services ended on a positive side gaining 0.68 percent.

In nifty stocks, NTPC, HDFCLIFE, SBILIFE were the top gainers while ASIANPAINT, ADANIPORT and TECHM were the prime laggards. Coming to the OI Data, on the call side highest OI witnessed at 16200 followed by 16300 strike price while on the put side, the highest OI was at 15800 strike price. Technically, Nifty has formed three black crow patterns in the daily chart suggesting bearishness would remain intact. We expect a rise in volatility as well on monthly expiry day.

Riding against the trend may not be beneficial for short term traders. All major moving averages are lying above 16300 levels. Indicators such as MACD and RSI are still struggling to overcome the oversold zone in the daily time frame. Overall, Nifty is having support at 15800 mark while on the upside 16300 may act as an immediate resistance for monthly expiry. While Banknifty has support around 33500 while resistance is placed at 35200 on the daily chart.

Om Mehra
Research Associate
Choice Broking

Source: Choice India

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