‘Won’t attend duty unless given protection’, says J&K Sikh body

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Srinagar, Oct 9 | Sikh religious body, Gurudwara Prabandak Committee (GPC) said on Saturday that the minority community members won’t attend duties in Kashmir unless the government assures their protection.

Addressing a press conference, Navtej Singh, general secretary of GPC said that though there were many inputs and incidents in the past targeting the minorities, yet the government did not provide any security to the Sikh community.

He said the government has failed to safeguard the minority community in Jammu and Kashmir.

“We demand from the government to provide security to our government employees and assure the minority community that they are safe in the Valley.

“Members of the majority community should come forward and condemn the attack on the minority communities.”

“It would have been better if the majority community would have participated in yesterday’s protest.”

“Unless government assures security to the minority, none of them would attend the government duty”.

The GPC statement has come in the aftermath of school principal, Supinder Kour’s murder by terrorists in Srinagar on Thursday.

Source: IANS

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Share Market Closing Bell: Nifty ends below 16,150, Sensex falls 236 pts

Share Market Closing Bell: Nifty ends below 16,150, Sensex falls 236 pts

The NIFTY 50 had a positive opening and made an intraday high at 16262.80 level but showed selling pressure from the top and made an intraday low at 16078.60 level and closed the session at 16125.15 level with a loss of 89.55 points However, Bank nifty closed the session at 34290 level with a gain of 42 points. VIX closed at 25.70 up by 9.83%.

33 stocks out of NIFTY 50 closed in Red which suggest broad based selling. Nifty Healthcare, FMCG, IT, capital goods indices down 1 percent each while Nifty Auto & Bank ended in Green. Nifty Stocks like DRREDDY, GNFC, POWERGRID, KOTAKBANK were the top gainers, While DIVISLAB, TECHM, GRASIM & HINDUNILVR were top losers. The Nifty has confirmed the shooting star kind of pattern on a daily time frame which indicates downside movement momentum for an upcoming session.

Moreover, from the last 14 days Nifty has been trading in a range of 15750-16410 levels, either side breakout can direct further direction. In addition, Nifty has given a closing below 21-Day Moving Average which indicates weakness in the Nifty.

However, the momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone on a daily chart which suggest a northward journey in the Nifty. The Nifty may find Strong support around 16000 levels, while on the upside 16300 may act as an immediate hurdle. On the other hand, Bank nifty has support at 33600 levels while resistance at 34800 levels.

Palak Kothari
Research Associate
Choice Broking

Source: Choice India

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