Search for missing S.Korean climber under at Karakoram range

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Islamabad, July 26 | A search operation is underway to find a missing South Korean climber at the Karakoram mountain range, a Pakistani private tour operator said.

The climber, identified as Kim Hong-bin, went missing after falling into a crevasse while he was descending from the Broad Peak, the world’s 12th highest peak, Xinhua news agency quoted Haji Ghulam Muhammad, head of Blue Sky Treks and Tours, as saying on Sunday.

Two helicopters from Pakistan’s Askari Aviation have been dispatched to the area where the clumber is believed to have fallen, Muhammad said, adding that some other mountaineers who were at the Broad Peak are also taking part in the operation.

He added that the climber might have fallen on the Chinese side of the mountain and that “Chinese teams are also taking part in the search operation for the mountaineer”.

“Kim was a fingerless climber with a passion for climbing. He scaled the 8,047-meter Broad Peak last Sunday (July 18), making him the first disabled mountaineer to scale all 14 peaks above 8,000 metres, but it is unfortunate he couldn’t make it on the way back,” said Karar Haidri, secretary general of the Alpine Club of Pakistan.

Haidri said that Kim had lost all his fingers to frostbite about 30 years ago, but had nevertheless continued with his passion of mountaineering.

He added that the expedition was initially planned last year, but Kim had to postpone it for a year due to the pandemic and subsequent lockdowns.

Source: IANS

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Share Market Closing Bell: Nifty ends below 16,100, Sensex falls 303 pts

Share Market Closing Bell: Nifty ends below 16,100, Sensex falls 303 pts

Dalal Street found no relief with incessant sell off during the month. Nifty traded on a bearish note and ended at 16025.80 with loss of 99.35 points or 0.62 percent following weak global cues on Wednesday. While Banknifty closed at 34339.50 on the higher side with marginal gain of 49.35 points.

bhaskarlive market closing

The weakness in US stocks is playing out globally with signs of higher inflation, which has spoiled investors’ appetite for the Indian market as well. Rising India VIX to 25.28 has led Indices to big intraday swings on both sides. Sectorally maximum sectors closed on the negative side as Nifty IT and Nifty Media sheds more than 3 percent each. While Nifty Financial Services ended on a positive side gaining 0.68 percent.

In nifty stocks, NTPC, HDFCLIFE, SBILIFE were the top gainers while ASIANPAINT, ADANIPORT and TECHM were the prime laggards. Coming to the OI Data, on the call side highest OI witnessed at 16200 followed by 16300 strike price while on the put side, the highest OI was at 15800 strike price. Technically, Nifty has formed three black crow patterns in the daily chart suggesting bearishness would remain intact. We expect a rise in volatility as well on monthly expiry day.

Riding against the trend may not be beneficial for short term traders. All major moving averages are lying above 16300 levels. Indicators such as MACD and RSI are still struggling to overcome the oversold zone in the daily time frame. Overall, Nifty is having support at 15800 mark while on the upside 16300 may act as an immediate resistance for monthly expiry. While Banknifty has support around 33500 while resistance is placed at 35200 on the daily chart.

Om Mehra
Research Associate
Choice Broking

Source: Choice India

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