Resolution Criteria

Authorities suspect a CNG cylinder blast, though the exact cause is yet to be confirmed. This market resolves based on the official determination of the cause by Indian law enforcement agencies (Delhi Police, NIA, or relevant investigative bodies). Resolution will be determined by:

• Official statements from Delhi Police, National Investigation Agency (NIA), or other authorized investigative bodies

• Forensic analysis and technical reports released publicly

• Court proceedings or official inquiries if applicable

The market resolves to whichever cause is officially confirmed as the primary reason for the explosion. If multiple causes are identified as contributing factors, resolution will be based on the cause deemed primary by investigators.

Background

The blast occurred close to Gate No 1 of the Lal Quila Metro Station, setting a car ablaze and damaging three nearby vehicles. The Fire Department received an emergency call around 6:55 pm. As many as eight persons were killed in a massive blast in a car near Delhi's Red Fort. Initial reports suggest it could have been caused by a gas cylinder or a vehicle battery malfunction. The police are also probing a terror angle.

Considerations

Initial evidence points to an improvised explosive device according to some reports, while authorities suspect a CNG cylinder blast according to others. The investigation is ongoing and the cause remains officially unconfirmed. Traders should monitor official statements from investigative agencies as the inquiry progresses.

Resolution Criteria

The market resolves based on official investigation findings by Delhi Police, NIA, or relevant bomb disposal authorities regarding whether the cause was a CNG cylinder explosion, low-intensity improvised explosive device (IED), or other cause. Resolution will be determined by:

• Official statements from Delhi Police Special Cell, National Investigation Agency (NIA), or authorized investigative bodies

• Forensic analysis and technical reports released publicly

• Court proceedings or official inquiries if applicable

As of 7:30 PM IST on November 10, no organization has claimed responsibility for the incident. The market resolves to whichever entity or cause is officially confirmed as responsible. If no credible claim of responsibility emerges and the cause remains undetermined after investigation concludes, the market resolves to "No one claims responsibility / Remains undetermined."

Background

Eight persons were killed in the blast near Gate No 1 of the Lal Quila Metro Station, which set a car ablaze and damaged three nearby vehicles, with the Fire Department receiving an emergency call around 6:55 pm. The explosion comes barely a day after Haryana Police seized 300 kilograms of explosives in Faridabad, part of what investigators believe was a major terror plot targeting multiple cities.

Considerations

Authorities are investigating whether the cause was a CNG cylinder explosion or a low-intensity improvised explosive device (IED), with conflicting initial reports. Initial evidence points to an improvised explosive device according to some reports, while initial reports suggest it could have been caused by a gas cylinder or a vehicle battery malfunction. The investigation is ongoing and the cause remains officially unconfirmed. Traders should monitor official statements from investigative agencies as the inquiry progresses.