The annual Manimahesh Yatra dedicated to Lord Shiva
will commence on August 15. The yatra, which takes place in the
Bharmour mountainous terrain of the district in Himachal Pradesh, will
conclude on September 2. The information has been provided on the
official website. During the yatra, the devotees take a dip in the holy
lake of Manimahesh, situated at an altitude of 4,170 metres. From the
lake, the devotees can clearly see the Kailash Mount, which is
considered the abode of Lord Shiva. The Kailash Mount is situated at an
altitude of about 5,656 metres.
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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