Five climbers rescued from Nepal peak, 1 missing

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Kathmandu, Oct 22 | Five climbers — four foreigners and a guide — who were stranded on the Mera Peak in Nepal due to bad weather and massive snowfall have been rescued, with one mountaineer still missing, authorities said.

In a statement late Thursday, the Nepal Mountaineering Association said: “The climbers were stranded on the mountain while returning after reaching the peak. They were rescued on Tuesday and brought to the capital Kathmandu on a helicopter. They are receiving treatment at Kathmandu-based Grande Hospital,” Xinhua news agency reported.

The Nepali climber with the expedition team is still missing on the 6,476 metre-high peak which lies close to Mt. Everest, said the association which issues climbing permits for 27 Himalayan mountains ranging from 5,800m to 6,500m.

Shanta Bir Lama, president of the association, told Xinhua that the climbers were stranded on Tuesday night as weather conditions worsened and helicopters could not be mobilised for rescue efforts.

“Three climbers including a British national were staying in a cave at the height of 5,600 meters for the last three days, while the others were stranded in the base camp of the mountain,” he said.

“Due to bad weather, the rescue team mobilized on foot brought these three climbers out as helicopters could not be used for the search operation.”

The search operation is continuing for the missing climber who had gone missing at the height of 5,600 metres, he added.

For the last few days, Nepal has been experiencing unseasonal rainfall which triggered floods and landslides, mostly in the eastern and western parts of the country, and snow on the mountains.

The landslides and floods have claimed 101 lives, while 41 remained missing.

Source: IANS

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Weekly Fundamental Market Outlook

Weekly Fundamental Market Outlook

Indian share market posted its first weekly gain in Jun by rising 2.7%.

This week, the Indian Stock Market rebounded strongly and ended with first weekly gain of 2.7% in June as a drop in commodity prices offered some relief from broadening inflationary pressures. Copper prices, which are often seen as a bellwether for economic output due to their wide range of industrial and construction uses, are heading for their worst week in a year, while oil prices have dropped over concerns of slumping demand.

While the US recessionary fears are still at the forefront, but the slide in commodity prices has lifted the mood of stock market.Cheaper oil is usually beneficial for oil-importing countries such as India.

Domestically, on sectorial basis, Auto and FMCG are the top gainers, while Metal index is the top losers. On stock basis, Hero MotoCorp, Eicher Motors, Hindustan Unilever, Maruti Suzuki and M&M were the top gainers and Tata steel, UPL, Reliance Industries, hindalco Inds and Coal India were the top losers.

In the next week, investors will keep a close eye on crude oil price movement, commodity prices, US economic activity and the geopolitical development.

 

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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