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Global cues lift equity indices; Nifty50 reclaims 10k-mark (Roundup)
Mumbai, Sep 11 (IANS) Key Indian equity indices on Monday surged — with the NSE Nifty50 reclaiming the psychologically important 10,000-mark — as positive global cues on the back of easing geo-political tensions, coupled with healthy buying in capital goods, banking and oil and gas stocks, lifted investors’ sentiments.
The wider 51-scrip Nifty50 of the National Stock Exchange closed at 10,006.05 points — up 71.25 points or 0.72 per cent.
The 30-scrip Sensitive Index (Sensex) of the BSE closed at 31,882.16 points — up 194.64 points, or 0.61 per cent.
The BSE market breadth was bullish — with 1,408 advances and 1,222 declines.
“Markets rallied strongly on Monday to close with healthy gains. The Nifty in the process broke out of its recent trading range and also closed above the psychologically important 10,000-mark,” Deepak Jasani, Head – Retail Research, HDFC Securities, told IANS.
“Major Asian markets have ended on a positive note, barring the Taiwan and Straits indices. European indices like FTSE 100, DAX and CAC 40 traded higher,” he added.
In terms of broader market indices, the S&P BSE mid-cap index rose by 0.71 per cent and the small-cap index by 0.77 per cent.
Vinod Nair, Head of Research, Geojit Financial Services, said: “Domestic market inched up supported by positive impetus in global market due to weakened hurricane Irma in US and sign of melting geopolitical tensions.”
“Investors are also awaiting the outcome of CPI (Consumer Price Index) Inflation, IIP (Index of Industrial Production) data tomorrow (Tuesday) for any turnaround after the disruption from Goods and Services Tax,” said Nair.
On the currency front, the Indian rupee weakened by 14-15 paise to 63.93-94 against the US dollar from its previous close at 63.79.
In investments, provisional data with the exchanges showed that foreign institutional investors (FIIs) sold scrip worth Rs 392.52 crore while domestic institutional investors (DIIs) purchased stocks worth Rs 877.37 crore.
“Indian shares rose on Monday as auto makers such as Maruti Suzuki gained after an increase in the GST was less wide-ranging than expected, with sentiment also supported by higher Asian markets,” said Dhruv Desai, Director and Chief Operating Officer of Tradebulls.
“Top gainers on NSE were IndusInd Bank, Tata Power and Gail, while on the losing side were Mahindra and Mahindra (M&M), Indiabulls Housing Finance and Sun Pharma,” Desai told IANS.
Sector-wise, the S&P BSE capital goods index surged by 459.53 points, banking index by 313.25 points and oil and gas index by 150.49 points.
On the other hand, the S&P BSE IT index was down 13.84 points, Teck index by 7.42 points, and healthcare index by 3.73 points.
Major Sensex gainers on Monday were: Larsen and Toubro, up 3.80 per cent at Rs 1,216.90; Asian Paints, up 2.84 per cent at Rs 1,236.85; Tata Motors (DVR), up 2.55 per cent at Rs 214.90; Maruti Suzuki, up 2.41 per cent at Rs 8,164.90; and HDFC Bank, up 1.95 per cent at Rs 1,822.90.
Major Sensex losers were: M&M, down 1.10 per cent at Rs 1,280.50; Infosys, down 0.66 per cent at Rs 878.55; Sun Pharma, down 0.51 per cent at Rs 468.65; State Bank of India, down 0.40 per cent at Rs 270.85; and ICICI Bank, down 0.34 per cent at Rs 291.
–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.
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