jamshedpur over 50 shops were gutted in a fire that broke out in kagalnagar market in the early hours of thursday various shops including a matchbox godown were reduced to ashes after an electric short circuit sparked the fire five fire extinguishers were pressed into service to douse the flames and it took over four hours for the firefighters to bring the fire under control the magnitude of fire was intense because of the matchbox godown said a victim readymade garment shops utensil stores grocery medicine shops and cosmetic warehouses all have been gutted in the fire victims said property worth over rs 50 lakh was damaged in the mishap kagalnagar market is in the heart of sonari area and does good business round the year it is estimated that property over rs 50 lakh has been damaged said a victim whose garment shop was reduced to ashes in the mishap prima facie it appears electric short circuit is the cause behind the mishap though there is no loss of life said sonari police station officerincharge n ram the mishap is the second such one in a market area in the city within a week over dozen shops were completely damaged in sanjay market at sakchi due to a short circuit last saturday