market watch

Sensex, Nifty close lower as India’s trade deficit widens, exports contract

Poor quarterly earnings by a few blue-chip companies and falling metal stocks also contributed to the decline.

The benchmark BSE Sensex fell by over 181.43 points on Wednesday – a three-week low – closing at 32,760.44 points. The NSE Nifty declined 68.55 points to close trade at 10,118.05.

The decline in the indices was triggered by investor concern over India’s trade deficit, which has widened to an almost three-year high of $14 billion (Rs 91,500 crore) for October, and exports fell 1.12%, Mint reported. Poor quarterly earnings by a few blue-chip companies and plummeting metal stocks, which tanked after prices fell on the global market, also contributed to the decline in Indian markets.

Pharmaceutical major Sun Pharma’s stock declined the most on the Sensex on Wednesday after the company reported a big drop in net profit on Tuesday. The other top losers on the Sensex were BHEL, ONGC, Bharti Airtel and National Thermal Power Corporation. The biggest gainers were Asian Paints, Kotak Mahindra Bank, Hero MotoCorp, ICICI Bank and Infosys.

Bharti Infratel was the biggest loser on the NSE. The other stocks that fell the most were Sun Pharma, Vedanta, UP Limited and Hindalco. The top five gainers on the Nifty were BPCL, Asian Paint, Ambuja Cements, Tech Mahindra and Eicher Motors.

All other major Asian markets also closed lower on Wednesday. Japan’s Nikkei 225 lost over 351 points, or 1.6%. The Hong Kong Hang Seng closed 300.43 points down. The Taiwan index shed over 56 points and the Shanghai SE Composite Index 27 points.

The Indian rupee closed at 65.34 against the United States dollar.

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Sponsored Content BY 

Following a mountaineer as he reaches the summit of Mount Everest

Accounts from Vikas Dimri’s second attempt reveal the immense fortitude and strength needed to summit the Everest.

Vikas Dimri made a huge attempt last year to climb the Mount Everest. Fate had other plans. Thwarted by unfavourable weather at the last minute, he came so close and yet not close enough to say he was at the top. But that did not deter him. Vikas is back on the Everest trail now, and this time he’s sharing his experiences at every leg of the journey.

The Everest journey began from the Lukla airport, known for its dicey landing conditions. It reminded him of the failed expedition, but he still moved on to Namche Bazaar - the staging point for Everest expeditions - with a positive mind. Vikas let the wisdom of the mountains guide him as he battled doubt and memories of the previous expedition. In his words, the Everest taught him that, “To conquer our personal Everest, we need to drop all our unnecessary baggage, be it physical or mental or even emotional”.

Vikas used a ‘descent for ascent’ approach to acclimatise. In this approach, mountaineers gain altitude during the day, but descend to catch some sleep. Acclimatising to such high altitudes is crucial as the lack of adequate oxygen can cause dizziness, nausea, headache and even muscle death. As Vikas prepared to scale the riskiest part of the climb - the unstable and continuously melting Khumbhu ice fall - he pondered over his journey so far.

His brother’s diagnosis of a heart condition in his youth was a wakeup call for the rather sedentary Vikas, and that is when he started focusing on his health more. For the first time in his life, he began to appreciate the power of nutrition and experimented with different diets and supplements for their health benefits. His quest for better health also motivated him to take up hiking, marathon running, squash and, eventually, a summit of the Everest.

Back in the Himalayas, after a string of sleepless nights, Vikas and his team ascended to Camp 2 (6,500m) as planned, and then descended to Base Camp for the basic luxuries - hot shower, hot lunch and essential supplements. Back up at Camp 2, the weather played spoiler again as a jet stream - a fast-flowing, narrow air current - moved right over the mountain. Wisdom from the mountains helped Vikas maintain perspective as they were required to descend 15km to Pheriche Valley. He accepted that “strength lies not merely in chasing the big dream, but also in...accepting that things could go wrong.”

At Camp 4 (8,000m), famously known as the death zone, Vikas caught a clear glimpse of the summit – his dream standing rather tall in front of him.

It was the 18th of May 2018 and Vikas finally reached the top. The top of his Everest…the top of Mount Everest!

Watch the video below to see actual moments from Vikas’ climb.

Play

Vikas credits his strength to dedication, exercise and a healthy diet. He credits dietary supplements for helping him sustain himself in the inhuman conditions on Mount Everest. On heights like these where the oxygen supply drops to 1/3rd the levels on the ground, the body requires 3 times the regular blood volume to pump the requisite amount of oxygen. He, thus, doesn’t embark on an expedition without double checking his supplements and uses Livogen as an aid to maintain adequate amounts of iron in his blood.

Livogen is proud to have supported Vikas Dimri on his ambitious quest and salutes his spirit. To read more about the benefits of iron, see here. To read Vikas Dimri’s account of his expedition, click here.

This article was produced by the Scroll marketing team on behalf of Livogen and not by the Scroll editorial team.