Let schools and colleges celebrate the success by clapping for five minutes. The achievements of our scientists is bigger than when our cricket team wins a tournament, said Modi after ISRO successfully placed the Mangalyan in the Red Planet's orbit
India on Wednesday successfully placed its Mars Orbiter Mission (MOM), Mangalyan in the Red Planet’s orbit. This success has taken the country and its space agency Indian Space Research Organisation (ISRO) to join the elite countries and nations.
The successful manoeuvres were carried out in early hours of 24th September, watched keenly by Prime Minister Narendra Modi, his cabinet colleagues and Karnataka Chief Minister Siddaramaiah.
ISRO said that India’s spacecraft has been placed successfully in orbit around Mars.
Prime Minister Modi described the Mars mission success as a “historic occasion”. "Since the short form of Mars Orbiter Mission was MOM, I was sure about its success because MOM will never disappoint,'' he said.
"Let schools and colleges celebrate the success by clapping for five minutes. Entire country should make this an occasion for celebration. Let’s be proud of the achievements of our scientists. Their achievement is bigger than when our cricket team wins a tournament,'' he said.
Mars Orbiter Mission: Chronology of events
Following is the chronology of events that traces the journey of Mangalyaan which lasted over 300 days:
5 November 2013: ISRO’s PSLV C25 launches India’s Mars Orbiter Mission from Sriharikota, Andhra Pradesh.
7 November 2013: First Earth-bound manoeuvre performed.
8 November 2013: Second Earth-bound manoeuvre performed.
9 November 2013: Third Earth-bound manoeuvre performed.
11 November 2013: Fourth Earth-bound manoeuvre performed.
12 November 2013: Fifth Earth-bound manoeuvre performed.
16 November 2013: Sixth Earth-bound manoeuvre performed.
1 December 2013: MOM leaves Earth’s orbit, Trans-Mars Injection performed.
4 December 2013: MOM leaves Earth’s Sphere of Influence of 9.25 lakh km radius.
11 December 2013: First course correction manoeuvre performed on the spacecraft.
11 June 2014: Second course correction manoeuvre executed.
22 September 2014: MOM enters Mars’ Gravitational Sphere of Influence; 440 Newton Liquid Apogee Motor test-fired after over 300 days of dormancy; last trajectory correction manoeuvre performed.
24 September 2014: MOM reaches the intended orbit around Mars, making India the first country in the world to have successfully launched its mission to the Red Planet on the very first attempt.
Nifty’s first support is at 7,950 and the second one at 7,900.
Against our anticipation, the Indian stock market closed lower on Tuesday, in line with most of the other Asian markets. Weak data from the US played negatively on market sentiments. Except for the few minutes during the morning session when the Indian benchmarks traded in the positive, it remained weak for the rest of the session, especially with big selling coming in the afternoon session.
While S&P BSE Sensex opened marginally higher at 27,245, NSE's CNX Nifty opened lower at 8,144. Sensex moved lower from 27,257 to 26,744 and closed little above the day’s low at 26,776 (down 431 points or 1.58%). Nifty hit a low of 8,008 after hitting a high of 8,160. The NSE's 50-stock index closed at 8,018 (down 129 points or 1.58%). NSE recorded a volume of 98.40 crore shares. India VIX rose 7.31% to close at 12.4100.
All the other indices on the NSE closed in the red. The top five losers were Realty (5.31%), CPSE (2.84%), Nifty Midcap 50 (2.69%), Smallcap (2.62%) and PSU Bank (2.46%).
Of the 50 stocks on the Nifty, six ended in the green. The top five gainers were HCL Technologies (1.22%), Wipro (0.70%), NTPC (0.40%), Tech Mahindra (0.11%) and Ambuja Cements (0.07%). The top five losers were DLF (6.75%), Cipla (4.36%), Tata Motors (3.94%), Tata Steel (3.44%) and Asian Paints (3.11%).
Of the 1,615 companies on the NSE, 313 companies closed in the green, 1,255 companies closed in the red while 47 companies closed flat.
In a newspaper interview published on Tuesday, Food Minister Ram Vilas Paswan was quoted as saying that the monthly entitlement of 5 kg foodgrain per person under food security law was meagre and that the government intends to increase the monthly entitlement to 7 kg. However, later in the day, it was clarified that the union government has no plans to raise subsidised foodgrain allocations from 5kg to 7kg per person a month.
Syndicate Bank on Tuesday terminated the services of its suspended chairman and managing director Sudhir Kumar Jain with immediate effect, a day after a court extended his police custody till Tuesday. Jain was arrested last month by the Central Bureau of Investigation on charges of accepting bribes from Bhushan Steel.
Department of Pharmaceuticals, under the Ministry of Chemicals and Fertilizers, scrapped guidelines issued on 29 May 2014 that gave the National Pharmaceutical Pricing Authority (NPPA) the powers to fix the prices of drugs that are not on the essential medicines list. GlaxoSmithKline Pharmaceuticals (1.70%) was the top gainer in ‘A’ group on the BSE. While Cipla (4.65%) which was the top loser in the Sensex 30 stock on Monday, continued to be the top loser today as well.
Delhi government has reportedly announced upto 20% increase in circle rates effective Tuesday. The circle rates are minimum rates below which a property cannot be registered. It forms the basis of stamp duty and registration charges for property. Circle rates, introduced in 2007, are revised periodically. In Delhi, these rates were last revised in November 2012, when the rates were hiked by 200%. Unitech (10.77%) was the top loser in the ‘A’ group on the BSE.
NTPC (0.18%) was the top gainer in Sensex 30 pack. There is news that the company is exploring inorganic routes to increase its foothold in power sector.
US indices closed in the negative on Monday. The latest housing data came in much weaker than expected. Existing home sales in US fell 1.8% in August, far less than estimates.
Except for Shanghai Composite (0.87%), NZSE 50 (0.10%) and Straits Times (0.05%) all the other trading Asian indices closed in the negative. Jakarta Composite (0.61%) was the top loser.
A Chinese manufacturing gauge unexpectedly increased this month, suggesting export demand is helping the economy withstand a property slump. The preliminary Purchasing Managers' Index from HSBC Holdings Plc and Markit Economics was at 50.5, up from August's final reading of 50.2.
European indices were trading in the red while US Futures too were trading lower.
The latest flash PMI data from Markit Economics today indicated a fifth consecutive monthly decline in French private sector output during September. At 49.1, down from 49.5 in August, the seasonally adjusted Markit Flash France Composite Output Index, based on around 85% of normal monthly survey replies, was at its lowest level in three months, albeit signalling a marginal rate of contraction. Flash manufacturing PMI climbed to a 4-month high of 48.8 in September, from 46.9 in August. Service sector activity fell for the first time in three months during September, offsetting a slower decline in manufacturing output, the latest data showed.
To create wealth, buy stocks that compound your returns at high rates
We all know...