Market News

The Stock Market remained closed on Monday, the 25th of December due to Christmas.

The benchmark equity indices concluded in the negative zone in Friday's trading session. The NSE Nifty 50 saw a decline of 47.30 points, a 0.22% drop, settling at 21,731.40. Similarly, the BSE Sensex experienced a loss of 170.13 points, representing a 0.24% decrease, closing at 72,240.26. The broader indices followed suit, painting a red picture, with the downturn primarily led by large stocks

In the financial landscape, the Bank Nifty index experienced a decline, dropping by 216.30 points or 0.45%, settling at 48,292.25. Within the sectors, Oil and Gas and PSU Banks witnessed losses, while FMCG and Realty stocks exhibited outperformance. Among the top gainers on the NSE Nifty 50 were Tata Consumers, Tata Motors, Bajaj Auto, Nestle India, and Adani Enterprises. On the flip side, BPCL, State Bank of India, ONGC, Infosys, and Coal India found themselves among the laggards in this market scenario.

In a chilling discovery, the skeletal remains of five members of a family have been recovered from their residence in the Chitradurga district of Karnataka, South India. Adding to the shock, the family was last seen in July 2019, making this a perplexing and disturbing development.

The police were alerted to the grim incident on Thursday (Dec 28) after local media received information from a resident in the vicinity. Astonishingly, it was revealed that over two months ago, locals had observed signs of a break-in, with the main door damaged and repeated attempts of burglary. However, law enforcement was only notified this week.

Upon reaching the location, the police made a harrowing discovery: four skeletons, two positioned on beds and two on the floor, all within a single room. The fifth skeleton was found in another room, adding a layer of mystery to the unsettling situation.

The word for this week is:

Highlighting the frequency of their diplomatic engagements, the Foreign Minister emphasized that his recent meeting with Lavrov marked their seventh encounter this year. With anticipation building for the upcoming Gujarat meeting in January, Jaishankar expressed India's expectation of a robust partnership with Russia. The discussion agenda remains comprehensive, encompassing the international strategic landscape and addressing prevailing conflicts and tensions.

In his opening remarks at the meeting, Lavrov said, "Our relationship is very long and very good and it's good to see they are moving consistently in the present moment. We have a reliable partnership and it's been confirmed by our bilateral relations based on the agreements by Prime Minister Modi and President Putin." 

A wave of panic swept through a Chennai neighbourhood late Tuesday (Dec 26) as residents grappled with the detection of an ammonia gas leak from an underwater pipeline.

Chaos unfolded in the Ennore area of Periyakuppam as residents hurriedly spilt onto the streets, expressing distress with symptoms like difficulty in breathing, cold sensations in their eyes, and a burning sensation on their faces. Prompt action ensued, with reports indicating that numerous affected residents were swiftly transported to hospitals. In a coordinated response, teams from the police and fire services were deployed to the site, successfully detecting and halting the ammonia gas leak.

"Last night, approximately 3000-4000 people found themselves on the streets. We provided reassurance, explaining that it was an ammonia leak that had been successfully contained. Following this clarification, the panic-like situation was effectively diffused," stated Joint Commissioner of Police, Avadi, Vijayakumar, as reported by The Hindu.

The production head says the leak caused a strong smell and five people felt uneasy and were shifted to a health facility. Click here to watch the video.