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Equities close with marginal gains; durables stocks limit downfall (Roundup)
Mumbai, Nov 9 (IANS) After trading on a volatile note for most of the day, key Indian equity indices on Thursday closed on a flat-to-positive note on the back of an upward rally in the S&P BSE consumer durables index and healthy buying in index heavyweights like Bharti Airtel, ICICI Bank, Tata Steel and Reliance Industries.
Both the benchmark indices — the NSE Nifty50 and the BSE Sensex — which opened on a higher note, supported by value buying and positive Asian cues, gave up their gains during the mid-afternoon trade session as investors booked profits in healthcare stocks.
The indices recouped from the lows during the last hour of trade.
The wider Nifty50 of the National Stock Exchange (NSE) closed the day’s trade at 10,308.95 points, higher by 5.80 points, or 0.06 per cent.
The 30-scrip S&P BSE Sensex, which opened at 33,376.62 points, closed at 33,250.93 points — up 32.12 points or 0.10 per cent — from Wednesday’s close.
The BSE market breadth was bullish — 1,457 advances and 1,255 declines.
In terms of the broader markets, the BSE mid-cap closed higher by 0.98 per cent and the small-cap index by 0.76 per cent.
According to Dhruv Desai, Director and Chief Operating Officer of Tradebulls, benchmark indices ended flat as oil prices fell overnight after they hit a more than two-year high earlier in the week.
“The Sensex rose over 200 points in opening trade on Thursday, breaking its two-session losing streak on value-buying by investors and optimism ahead of a GST council meet,” Desai told IANS.
“Buying by domestic institutional institutions (DIIs) and a firm trend on other Asian bourses, tracking overnight gains in the US markets, influenced trading sentiment. However, the benchmark indices fell in afternoon trade,” he added.
Provisional data with the exchanges showed that on Wednesday, DIIs invested in scrips worth Rs 3,038.16 crore.
On the currency front, the rupee close almost flat at 64.94 against the US dollar from its previous close at 64.95-96.
Vinod Nair, Head of Research, Geojit Financial Services, said: “Market extended the consolidation phase on profit booking. However, renewed buying in consumer durables restricted further fall in the market on expectation of reducing taxes for product coming under 28 per cent GST tax bracket.”
“Albeit, investors are watchful ahead of key domestic macros CPI (consumer price index) inflation and IIP (index of industrial production) data and global oil price fluctuation to get the direction.”
Sector-wise, the S&P BSE consumer durables index zoomed by 634.05 points, followed by banking index, up 152.15 points, and capital goods index up 82.80 points.
On the other hand, the S&P BSE automobile index fell by 62.42 points, healthcare index by 38.20 points and oil and gas index by 5.53 points.
Major Sensex gainers on Thursday were: Bharti Airtel, up 2.39 per cent at Rs 507; Asian Paints, up 2.08 per cent at Rs 1,195.25; ICICI Bank, up 1.90 per cent at Rs 311.60; Tata Steel, up 1.66 per cent at Rs 703.30; and Reliance Industries, up 1.50 per cent at Rs 901.55.
Major Sensex losers were: ITC, down 2 per cent at Rs 260.10; Coal India, down 1.70 per cent at Rs 283.10; ONGC, down 1.33 per cent at Rs 189.50; Lupin, down 1.24 per cent at Rs 832.10; and HDFC, down 1.21 per cent at Rs 1,725.90.
–IANS
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Lucknow: Vishal Singh, a renowned social worker from Lucknow, also known as Foodman, has once again made India proud. He was honored by the Happy Hands Gloves Cooperative Limited Company in Korathai, Thailand, for his work with the Hunger Free World Mission.
The Hunger Free World Mission’s meeting was held in Korathai, Thailand, under Vishal Singh’s leadership. Representatives from several countries, including Mr. Raja Dwivedi (Managing Director of Happy Hands Gloves Limited), Thailand Coordinator Mr. Raja Mishra, and member Mr. Varun Singh, attended the event.
Under Vishal Singh’s leadership, the attendees took a pledge to work together toward creating a hunger-free world.
Speaking on the occasion, Vishal Singh explained that the main goal of the Hunger Free World Mission is social participation. He said the mission is not just about feeding people but also about meeting other basic needs of those who are struggling. The mission focuses on helping families of terminally ill patients in hospitals by providing food and shelter. It also works to fulfill essential needs like education, jobs, and care for the elderly.
For the last 16 years, the Vijay Sri Foundation has been providing free services, benefiting thousands of people. Vishal Singh highlighted that the mission aims to gain global recognition like other organizations such as WHO, WWF, and Red Cross, which work for social causes.
During this meeting, Vishal Singh was appointed as the Chairman of the Hunger Free World Mission by representatives from various countries. They also discussed holding regular meetings in different countries to push the mission forward.
Business tycoon Dr. Abhishek Verma has also supported this humanitarian mission, vowing to promote the idea of “Seva Parmo Dharma” (Service is the highest duty) worldwide. Vishal Singh praised him, stating that people like Dr .Abhishek Verma inspire others to work for the betterment of society.
Recently, Romania’s Ambassador, Mr . Daniela Sezonov Ţane, invited Vishal Singh to the Romanian Embassy in Delhi, where they discussed the mission in detail. Impressed by his humanitarian work, she honored Vishal Singh and invited him to Romania to take the mission forward .
Food man Vishal Singh has been serving the people of India for the past 16 years. Through the Vijay Sri Foundation, he provides free meals to cancer patients & their families ,shelter, and education for women & children along with running free old-age homes in Lucknow.
In addition to his humanitarian work, Vishal Singh also addresses issues like crime and corruption through his role as Chairman of Seva Path Media and Managing Director of Vijay Sri Foundation.
During the COVID-19 pandemic, Vishal Singh and his team worked tirelessly to provide food and help to the needy, including starving children, elderly citizens, and pregnant women. Despite contracting the virus himself, he continued to assist others after his recovery. He even created a life-saving oxygen regulator using household items, which was praised by doctors both in India and abroad.
In his address at the meeting, Vishal Singh spoke about his mission to create a hunger-free world. He pointed out that India’s large population, along with issues like unemployment and poverty, has caused the country to fall on the Hunger Index. He urged people to contribute just one handful of grains daily to help create a hunger-free world.
He concluded by saying that through social participation, we can empower the people around us, meet their basic needs, and work together to build a stronger, more prosperous, and developed society.
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