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Sensex, Nifty50 settle at fresh closing highs; capital goods stocks surge (Roundup)
Mumbai, July 24 (IANS) The key domestic equity indices — BSE Sensex and the Nifty50 on the National Stock Exchange — settled at their highest closing levels on Tuesday supported by firm global cues and healthy buying in capital goods, metal and consumer durable stocks.
The indices rose for the third consecutive trading day.
Index-wise, the wider Nifty50 on the NSE, settled at its highest ever closing level of 11,134.30 points, higher by 49.55 points and 0.45 per cent from its previous close of 11,084.75 points.
The benchmark BSE Sensex closed at 36,825.10 points — higher by 106.50 points or 0.29 per cent — from the previous close of 36,718.60 points. It touched an intra-day low of 36,709.72 points.
Earlier in the day, it touched a fresh all-time high of 36,902.06 points.
In the broader markets, the S&P BSE mid-cap rose by 1.77 per cent and the S&P BSE small-cap ended 2.21 per cent higher from its previous close.
“The gains came on the back of positive global cues and gains in cement and metal stocks due to encouraging results,” said Deepak Jasani, Head of Retail Research at HDFC Securities.
Jasani further said major Asian markets have closed on a positive note and European indices like FTSE 100, DAX and CAC 40 traded in the green.
Tradebulls’ Director and Chief Operating Officer, Dhruv Desai said: “Equity benchmark index closed to a fresh record high on Friday on the back of continued capital inflows and positive cues from global stock markets.”
On the currency front, the rupee closed at 68.95, depreciating by nine paise from the previous close of 68.86 per dollar.
Investment-wise, provisional data with exchanges showed that foreign institutional investors bought scrip worth Rs 104.34 crore and the domestic institutional investors purchased stocks worth Rs 513.78 crore.
Sector-wise, the S&P BSE capital goods index gained the most, by 454 points, followed by the metal index, up 342.70 points and the consumer durables index rose by 270.76 points.
On the contrary, the S&P BSE banking index and the energy index were the losers, declining by 38.37 points and 0.30 points, respectively.
The major gainers on the Sensex were Larsen and Toubro, up 3.36 per cent at Rs 1,322.55; Asian Paints, up 2.30 per cent at Rs 1,466.70; Vedanta, up 2.17 per cent at Rs 216.15; Adani Ports, up 1.94 per cent at Rs 391.50; and Tata Steel, up 1.91 per cent at Rs 526.70 per share.
The top losers were Hero MotoCorp, down 1.97 per cent at Rs 3,101.45; Kotak Mahindra Bank, down 1.71 per cent at Rs 1,313.35; Bajaj Auto, down 1.42 per cent at Rs 2,650.80; Hindustan Unilever, down 1.10 per cent at Rs 1,668; and Wipro, down 0.98 per cent at Rs 273.35 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.