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Mixed global cues, weak rupee keep equity indices flat (Roundup)
Mumbai, June 26 (IANS) Noting a mixed trend in the global markets, the key Indian equity indices ended their volatile trade on Tuesday on a flat note.
Although the indices had opened in the red, they pared their losses around an hour into the trade, with the BSE Sensex gaining over 100 points by the afternoon session.
By the end of the day’s trade, the indices ended flat, with minor gains, noting mixed global cues — weak Asian markets and positive Europeran markets.
Depreciation in the Indian rupee also eroded investor sentiments during the day, analysts said.
Index-wise, the wider Nifty50 of the National Stock Exchange (NSE) closed at 10,769.15 points, up 6.70 points or 0.06 per cent from the previous close of 10,762.45 points.
Similarly, the barometer 30-scrip Sensitive Index (Sensex) of the BSE, which had opened at 35,355.72 points, closed at 35,490.04 points — up 19.69 points or 0.06 per cent — from its previous session’s close of 35,470.35 points.
The Sensex touched an intra-day high of 35,616.64 and a low of 35,338.09 points. The BSE market breadth, however, was bearish so far with 1,786 declines and 850 advances.
“Sensex and Nifty closed marginally higher on Tuesday, amid mixed sentiment in global equity markets. European stocks edged higher despite a sell-off in Asian markets amid escalating trade tensions between the US and other major economies,” said Tradebulls Director and Chief Operating Officer Dhruv Desai.
HDFC Securities’ Head of Retail Research, Deepak Jasani told IANS: “Markets ended flat on Tuesday after a volatile intra-day session that saw the Nifty swinging from positive to negative territory several times during the day.”
On the currency front, the Indian rupee weakened by 12 paise against the US dollar to 68.25, from its previous close of 68.13 per greenback.
Investment-wise, provisional data with exchanges showed that foreign institutional investors sold scrip worth Rs 538.40 crore while the domestic institutional investors bought stocks worth Rs 238.05 crore.
Sector-wise, the S&P BSE consumer durables index rose by 107.77 points, the FMCG stocks were up 85.13 and the IT stocks ended 83.38 points higher from its previous close.
On the other hand, S&P BSE auto index fell by 117.02 points, the healthcare index was down 83.02 points and the capital goods index ended lower by 59.56 points.
Stock-wise, the major gainers on the Sensex were Coal India, up 2.10 per cent at Rs 264.50; Maruti Suzuki, up 1.80 per cent at Rs 8,950.10; Tata Consultancy Services (TCS), up 1.77 per cent at Rs 1,852.70; Bharti Airtel, up 1.75 per cent at Rs 380.15; and Asian Paints, up 1.57 per cent at Rs 1,273.70 per share.
The top losers were Tata Motors, down 4.31 per cent at Rs 277.35; Reliance Industries, down 2.48 per cent at Rs 978.70; Power Grid, down 1.82 per cent at Rs 191.45, Tata Motors (DVR), down 1.69 per cent at Rs 165.90; and Tata Steel, down 1.64 per cent at Rs 549.35 per share.
–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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