A newborn girl was found dumped on an
anthill with red ants stinging her in the remote village of
Veerajakkammal Puram in the district. Spotting the crying newborn,
unable to bear ant bites in the anthill yesterday, residents of the
village near Periyakulam informed police, who rushed her to the
Government Medical College Hospital here. Doctors at the hospital said
the baby had suffered swelling on her face and other body parts caused
by ant bites. They said the baby was recuperating quickly and her
weight was normal.
Correlating the ups and down in the Indian rupee with the stock market, Vijay Bhambwani, CEO, bsplindia.com, suggests that if the rupee continues with its downward fall, the Indian stock market may fall breach October lows and fall further. “If the rupee falls below the 53.0-53.50 mark vis-a-vis the USD, expect a mini meltdown atleast in the equity markets. In that case, the 2250 level (on Nifty) will be breached easily to form a new low. The possibility of that low being below the 2000 levels on the Nifty spot is fairly high,” he says. Bhambwani supports his outlook by comparing the value of rupee at the time of October lows. “The October 2008 lows were made with the INR at 51.20 - 51.40 band. The rupee has breached the 52 level since then. Clearly the nation’s ‘share price’ (currency) indicates weakness. The curency market is a far more accurate barometer of the nation’s health compared to the equity indices. Whether you like it or not, we are under siege. Had it not been March (NAV ...
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