No loss of life was reported in the fire.
The fire in the Sudama cloth market near Jyoti Chowk in Jalandhar, about 160 km from here, started on Thursday night and spread quickly.
Fire brigade vehicles and personnel rushed to the spot but the market was engulfed by the flames.
Traders said that their losses ran in lakhs of rupees.
Though the cause of the fire was to be ascertained, market association president Balwant Singh said that foul play could not be ruled out.
Fire officer Rajinder Sharma said the fire was brought under control after four hours.
In another incident of fire, in Amritsar goods worth lakhs of rupees were destroyed after fire engulfed a warehouse on Thursday night.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.