We are open to correction if anything has gone wrong: J&K DGP

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Srinagar, Nov 18 | On a day the J&K Lt. Governor ordered a magisterial probe into the Hyderpora encounter in which four persons were killed, Director General of Police (DGP) Dilbag Singh said the “police is open to correction if anything has gone wrong”.

Earlier in the day, Lt. Governor Manoj Sinha ordered a time bound magisterial probe into Monday’s Hyderpora encounter in which, according to the police, ‘a foreign terrorist, his local associate, Altaf Ahmad (owner of the building where the encounter took place) and Dr Mudasir (was running a call centre in a rented floor of the building, but was a terror associate), were killed.

Families of the building owner, Altaf Ahmad and Dr Mudasir have demanded their bodies to be returned so that the last rites could be performed.

The families also challenged the authorities to prove that the two civilians had anything to do with militancy.

All the four persons slain in the Hyderpora encounter were buried by the authorities in north Kashmir Handwara tehsil after the demand of the families to return the bodies was turned down.

Dilbag Singh (DGP) told some reporters, “We will look into the demands of the families. We are open to corrections if anything has gone wrong. A police probe will also find out what went wrong.

“We will find out what happened in the Hyderpora encounter. We are for the safety of people and will not shy away from a probe.”

All mainstream politicians, including three former Chief Ministers (Farooq Abdullah, Omar Abdullah and Mehbooba Mufti), Sajad Lone of the Peoples Conference and Yusuf Tarigami of the CPI-M have demanded an impartial probe into the incident.

Peoples Conference leaders, including Abdul Gani Vakil, Khurshid Alam and others carried out a protest against the Hyderpora incident.

Source: IANS

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Share Market Closing Bell: Nifty ends around 15,800, Sensex tanks 1,416 pts

Share Market Closing Bell: Nifty ends around 15,800, Sensex tanks 1,416 pts

On the back of Global Clues and SGX, Nifty opened on a gap down note & continued downside momentum throughout the day and closed the session at 15809.40 level with a loss of 430.90. However, Bank nifty closed the session at 33315.65 level with a loss of 848.05 points.

India VIX closed at 24.56 up by 10.13% which is a sign of more volatility in upcoming sessions.47 stocks out of NIFTY 50 closed in RED which suggest broad based selling. All the sectoral indices were ended in the red with metal, IT indices down 4-5 percent.

Despite one way fall, Stocks like ITC, DRREDDY, POWERGRID were the top gainers, While WIPRO, HCLTECH, INFY, TCS & TECHM were prime losers. On a daily chart, Nifty has formed a Bearish candle which indicates downside momentum for an upcoming session. Moreover, Nifty is showing support from horizontal line i.e., 15750 levels which is make or break level. In addition, Nifty has been sustained above the 21-Monthly Moving Average which indicates a bounce back from lower levels can be seen.

However, the momentum indicators MACD & Stochastic were trading with a negative crossover & trading in oversold zone which is a sign of sideways to negative trend in Nifty. The Nifty may find Strong support around 15700 levels, breaching below it can show more downside till 15500 levels while on the upside 16000 may act as an immediate hurdle. On the other hand, Bank nifty has support at 32800 levels while resistance at 34500 levels.

Palak Kothari
Research Associate
Choice Broking

Source: Choice India

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