After a stellar rally over the past few weeks, markets faced some resistance over the past couple of sessions. At Tuesday opening bell, indices Sensex and Nifty traded marginally higher with a downside bias.
As cyclone 'Remal' over Coastal Bangladesh and adjoining Coastal West Bengal moved nearly northwards, with a speed of 15 kmph during past 06 hours, Kolkata police said that many areas of the city have been hard-hit by the severe cyclonic storm.
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"The Cyclonic Storm 'Remal' over Coastal Bangladesh and adjoining Coastal West Bengal moved nearly northwards, with a speed of 15 kmph during the past 6 hours and lay centered at 08:30 hrs IST of today over the same region," IMD posted on X.
Union Minister Hardeep Singh Puri lauded the government's efforts to strengthen the Indian economy in the past 10 years under the Prime Ministership of Narendra Modi.
"The Severe Cyclonic Storm "Remal" (pronounced as "Re-Mal") over North Bay of Bengal moved nearly northwards, with a speed of 07 kmph during past 06 hours and lay centered at 0830 hrs IST of today, the 26th May, 2024 over North Bay of Bengal near latitude 19.8°N and longitude 89.3°
However, in the past few sessions, they seemed to have slowed down on selling, expecting a strong performance in the indices. Both Nifty and Sensex also touched all-time highs this week, accumulating huge sums of money for investors.
Many residential colonies in Gwalior have been without tap water for the past four months, forcing locals to depend on Municipal Corporation tankers for their water supply.