Nobody was injured in the incident and the police also ruled out the use of any explosives in the blast.
"There was an explosion in Tibetan Market area, located in Sharanpur road locality, around 5.30 AM, which caused damage to eight shops, although nobody was injured in the incident," Nashik Commissioner of Police Ravinder Kumar Singal told PTI.
The police were yet to ascertain the reason behind the blast but suspected that it could have been triggered by an LPG cylinder.
Tibetan Market is a non-residential area in the city. The area has several Chinese food stalls and kiosks of ready-made garments, especially those selling woollen clothes and sweaters.
The area remains crowded throughout the day till late night.
Police have sealed the blast site and investigations were in progress, Singal said.
Impact of the blast was so severe that furniture and shutters of the shops were blown away, he added.
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