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Hopes for healthy macro numbers, global cues lift equity markets (Roundup)

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Mumbai, Sep 12 (IANS) Investors’ hopes for healthy macro-economic numbers, along with positive global cues on the back of easing geo-political tensions, lifted the key Indian equity indices — the BSE Sensex and the NSE Nifty50 — on Tuesday.

According to market observers, both the key indices extended gains as healthy buying was witnessed for state-owned banks’ stocks.

Consequently, the wider 51-scrip Nifty of the National Stock Exchange (NSE) gained 87 points or 0.87 per cent to close at 10,093.05 points.

Similarly, the Sensex of the BSE made healthy gains. It closed at 32,158.66 points, higher by 276.50 points or 0.87 per cent from the previous day’s close at 31,882.16 points.

The Sensex touched a high of 32,172.46 points and a low of 31,950.24 points during the intra-day trade.

“Markets rallied strongly on Tuesday to close with healthy gains on the back of positive global cues. The Sensex in the process closed above the psychologically important 32,000-mark,” Deepak Jasani, Head – Retail Research, HDFC Securities, told IANS.

“Major Asian markets have ended on a positive note. European indices like DAX and CAC 40 traded higher.”

On the currency front, the Indian rupee weakened by 10 paise to 64.04 against the US dollar from its previous close at 63.93-94.

In investments, provisional data with the exchanges showed that foreign institutional investors (FIIs) sold scrip worth Rs 1,230.74 crore while domestic institutional investors (DIIs) purchased stocks worth Rs 1,313.08 crore.

“The BSE Sensex and Nifty extended gains in the noon trade with fresh buying coming in state-owned banks like SBI and Bank of Baroda,” said Dhruv Desai, Director and Chief Operating Officer of Tradebulls.

“Markets rose for the fourth straight session led by gains in metal, banking, FMCG and pharma shares.”

Major Sensex gainers on Tuesday were: Tata Steel, up 3.30 per cent at Rs 683.15; Tata Motors (DVR), up 3.26 per cent at Rs 221.90; Sun Pharma, up 3.17 per cent at Rs 483.50; Tata Motors, up 3.14 per cent to Rs 387.20 and Hindustan Unilever, up 2.26 per cent at Rs 1,246.65.

Major Sensex losers were: Wipro, down 1.00 per cent at Rs 298.25; ONGC, down 0.76 per cent at Rs 162.15; Hero MotoCorp, down 0.72 per cent at Rs 3,917.55; NTPC, down 0.29 per cent at Rs 169.90; and PowerGrid, down 0.12 per cent at Rs 215.25.

–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

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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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