Top News
Nifty50 at new high, despite profit booking and low volumes (Roundup)
Mumbai, Oct 17 (IANS) Even as the general investors’ sentiments were subdued on Tuesday, the key Indian equity index — the NSE Nifty50 — made marginal gains to close at a new high.
According to market observers, low volumes and profit booking subdued investors’ sentiments — however, expectations of healthy quarterly results aided the key indices in paring some of their losses.
On a closing basis, the wider Nifty50 of the National Stock Exchange (NSE) inched up by 3.60 points or 0.04 per cent to close at a new high of 10,234.45 points.
However, the 30-scrip Sensitive Index (Sensex) of the BSE, closed on a negative note, ending at 32,609.16 points, lower by 24.48 points or 0.08 per cent from Monday’s close at 32,633.64 points.
In terms of the broader markets, the S&P BSE mid-cap index rose by 0.40 per cent, and the small-cap index gained 0.53 per cent.
On Monday, better-than-expected macroeconomic data pushed the key Indian equity indices to close at record highs. The NSE Nifty50 had gained 63.40 points, or 0.62 per cent to end at 10,230.85 points, while the Sensex of the BSE closed higher by 200.95 points or 0.62 per cent to 32,432.69 points.
“Markets ended flat on Tuesday as they traded in a narrow range. Trading sentiment seemed to be subdued ahead of a long Diwali weekend,” Deepak Jasani, Head – Retail Research, HDFC Securities, told IANS.
“Major Asian markets have ended on a mixed note. European indices like FTSE 100 and DAX traded higher.”
Anand James, Chief Market Strategist, Geojit Financial Services, said: “Earnings positivity helped to maintain gains, but headaches over Korea as well as valuation fears characteristic to bull market rallies, ensured that sharp gains were limited to few stocks, especially as investors profit booking was seen in the index heavy weights eyeing the long weekend.”
On the currency front, the rupee weakened by 30 paise to close at 65.02 against the US dollar from its previous close at 64.72.
According to Dhruv Desai, Director and Chief Operating Officer of Tradebulls, the benchmark indices snapped a three-session long gaining spree as it tracked mixed trends in global markets.
“Most of the sectoral indices traded in the positive territory, except for consumer durables, bankex and IT index,” Desai told IANS.
Sector-wise, the S&P BSE oil and gas index surged by 116.18 points, followed by capital goods index by 75.21 points and healthcare index by 53.78 points.
On the other hand, the S&P BSE banking index fell by 66.74 points, consumer durables index by 36.88 points and IT index by 25.49 points.
Major Sensex gainers on Tuesday were: Cipla, up 4.09 per cent at Rs 631.25; Bharti Airtel, up 2.86 per cent at Rs 465.95; Asian Paints, up 2.06 per cent at Rs 1,194.40; Bajaj Auto, up 1.09 per cent at Rs 3,257; and Hero MotoCorp, up 0.85 per cent at Rs 3,806.
Major Sensex losers were: Axis Bank, down 1.44 per cent at Rs 513.20; Tata Motors, down 1.04 per cent at Rs 432; Infosys, down 0.84 per cent at Rs 931.45; Dr. Reddy’s Lab, down 0.62 per cent at Rs 2,382.35; and State Bank of India, down 0.44 per cent at Rs 251.15.
–IANS
rv/dg
Top News
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.
Foodman Vishal Singh Honored for Hunger Free World Mission in Bangkok
Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
Cheers and Cheers: Barzilla’s Joyful Ode to Inclusivity and Celebration
Casino Days Reveal Internal Data on Most Popular Smartphones
Meghalaya Reserves Legalized Gambling and Sports Betting for Tourists
IPL 20202 UPDATE: KXIP vs MI IPL Dream11 Team Prediction for Today Match, Update Point Table of all Team.
In a Live debate AAP leader Syed Asad Abbas hurls abuses to BJP spokesperson Nupur Sharma.
‘India’s Most Wanted’ trailer out Arjun Kapoor on hunt of Osama-Bin-Laden
Time to move on: Sonakshi on Shatrughan’s joining Congress
