National
Equities close flat ahead of F&O expiry, Q2 GDP data (Roundup)
Mumbai, Nov 29 (IANS) Key Indian equity indices on Wednesday closed on a flat note with minimal losses as investors traded with caution ahead of futures and options (F&O) expiry as well as the second quarter GDP data announcement on November 30 (Thursday).
The benchmark indices, which traded in the green during most part of the day, closed marginally in the red as investors booked profits in banking and metal stocks. However, losses were trimmed by healthy buying in consumer durables, capital goods and healthcare stocks.
On closing basis, the wider Nifty50 of the National Stock Exchange (NSE) was down 8.95 points or 0.09 per cent at 10,361.30 points.
The barometer 30-scrip Sensitive Index (Sensex) of the BSE closed at 33,602.76 points — down 15.83 points or 0.05 per cent — from Tuesday’s close.
The BSE market breadth was bearish — 1,376 declines and 1,341 advances.
“Markets ended trade with flattish tone as sentiments remained cautious ahead of the gross domestic product (GDP) for the July-September quarter due tomorrow (Thursday). Caution prevailed over the latest missile test by North Korea and softness in Chinese shares hit Asian markets,” Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.
According to Deepak Jasani, Head, Retail Research, HDFC Securities, markets ended marginally lower on Wednesday as the Nifty continued to consolidate in a range.
“It was the second consecutive session of losses for the Nifty. The slide was led by heavyweights like Axis Bank and Zee Entertainment,” Jasani told IANS.
The S&P BSE mid-cap index closed lower by 0.17 per cent and the small-cap index by 0.01 per cent.
Vinod Nair, Head of Research, Geojit Financial Services, said: “Q2FY18 GDP is likely to improve to 6.4 per cent as per the consensus estimates, while any extension in crude oil production cut in the upcoming OPEC meet will provide some volatility in the near-term.”
“However, strengthening rupee over US dollar and expectation for further upgrade in earnings after the good set of second quarter results will keep the sentiment positive,” he added.
On the currency front, the rupee strengthened by 10 paise to close at 64.31-32 against the US dollar from its previous close at 64.41-42.
Sector-wise, the S&P BSE banking index declined by 106.62 points, followed by metal index by 77.64 points and IT index by 26.27 points.
On the other hand, the S&P BSE consumer durables index rose by 126.72 points, capital goods index by 49.64 points and auto index by 44.86 points.
Major Sensex gainers on Wednesday were: Wipro, up 1.33 per cent at Rs 297.90; Adani Ports, up 1.16 per cent at Rs 402.55; Sun Pharma, up 0.77 per cent at Rs 547.90; Hindustan Unilever, up 0.75 per cent at Rs 1,277.35; and Tata Steel, up 0.72 per cent at Rs 709.30.
Major Sensex losers were: Axis Bank, down 2.32 per cent at Rs 549.15; HDFC, down 1.31 per cent at Rs 1,702.90; Asian Paints, down 1.18 per cent at Rs 1,156.20; State Bank of India, down 1.16 per cent at Rs 328.80; and Tata Consultancy Services, down 0.98 per cent at Rs 2,658.55.
–IANS
ppg/vd
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.
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
