Week 73

Sea of blueđź’™

November 18, 2023

Good Morning,

Welcome! I hope you have your “Subah Kee Chai” ready and are excited to read your weekly 10-minute digest.  

There's not much I can say except...

INDIA, INDIA!

You cannot miss today's match as India look to take revenge for their loss in the 2003 ICC Cricket World Cup finals. Our team is on fire, let's hope they outperform themselves today.

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I hope you enjoy today's newsletter and have an amazing Sunday! 

Now let’s get into the news.

Markets

Market News

The benchmark equity indices concluded Friday's trading session on a downward note. The NSE Nifty 50 saw a decline of 33.40 points (0.17%), settling at 19,731.80, and the BSE Sensex experienced a drop of 187.75 points (0.28%) to close at 65,794.73. Across broader indices, the outcomes were mixed, with gains driven by Healthcare and FMCG stocks. However, the Bank Nifty index witnessed a decline of 577.60 points (1.31%), settling at 43,583.95.

Smallcap and Midcap stocks witnessed gains in the sectoral landscape, while Healthcare, Banking, and Financial Services stocks experienced declines. Notable performers on the NSE Nifty 50 included SBI Life Insurance, Apollo Hospitals, HDFC Life Insurance, L&T, and Tata Consumer Products as the top gainers. Conversely, State Bank Of India, Axis Bank, ONGC, BPCL, and Bajaj Finance were among the laggards. The Indian Volatility Index (India VIX) concluded with a 1.54% increase, reflecting heightened market volatility.

India - Maldives discussions.

The Maldives government has officially asked India to withdraw its military personnel from its territory, as stated in a press release from the Maldives President's office. In response, the Indian side indicated a commitment to finding a "workable solution." President Dr Mohamed Muizzu made the formal request during a meeting with India's Minister of Earth Sciences, Mr Kiren Rijiju. Notably, Mr Rijiju represented India at the inauguration of the Maldives' new leader, marking a departure from previous occasions when the prime minister was present.During the meeting, President Muizzu raised the issue of Indian military personnel stationed in the Maldives, specifically for operations related to medical evacuation and counter-drug trafficking, according to sources from the Indian government. The president reportedly recognized and appreciated the contribution of Indian helicopters and aircraft in conducting medical evacuations for Maldivian citizens in press release.Click here to read more.

Word of the week!

The word for this week is:

disabuse

" diss-uh-BYOOZ"

To disabuse someone of something, such as a belief, is to show or convince them that the belief is incorrect.

Anyone expecting a light, romantic story will be quickly disabused of that notion by the opening chapter of the novel.

Finals show!

The finals are almost underway and the BCCI ( Board of Control for Cricket in India ) has released their show lineups for the historical day. Here is what it looks like:It's going to be a cracking day in Ahmedabad!

Quiz

Grandpa went out for a walk, and it started to rain. He didn't bring an umbrella or a hat. His clothes got soaked, but not a single hair on his head was wet. How is this possible?

(answer mentioned below)

Other news

1. Disney+ Hostar has recorded the highest ever live stream count with 53 million live viewers watching the semi-final match between India and New Zealand. Looking to break their record again today!

2.

were found in Himachal Pradesh's Kullu district on Thursday. The unidentified bodies were both found lying unclothed.

3. A part of ISRO's chandrayaan-3 has

back into the Earth's atmosphere.

4. At least

in Israeli airstrikes on al-Fakhoora school in Gaza's Jabalia refugee camp.

5. A bus in Jammu and Kashmir

in Dada, leading to the death of at least 38 people.

6. After the Diwali celebrations in India, two more cities joined New Delhi in being the

The cities are Mumbai and Kolkata.

7. Formula 1 welcomes a new track into their calendar with the Grand Prix taking place at the Las Vegas circuit this weekend. The temperatures are the lowest compared to any circuit in the calendar year and boy is the race going to be entertaining! (The race commences at 11:30 a.m. IST today).

See you next week!

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Quiz Answer: Grandpa was bald!

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Written by: Hamza Bamboat

Edited by: Adnan Bahrainwala