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Equities close in green, Nifty50 ends above 10k-mark (Roundup)
Mumbai, Oct 10 (IANS) Continuing with gains for the third consecutive session, key Indian equity indices on Tuesday closed in the green on the back of broadly positive global cues and healthy buying in capital goods, banking and healthcare stocks.
The wider Nifty50 of the National Stock Exchange (NSE) at the time of closing held on to the psychologically important 10,000-mark, which was reclaimed on Monday on an intra-day basis.
The Nifty50 closed at 10,016.95 points — up 28.20 points or 0.28 per cent. It had slipped below the 10,000-mark on September 22.
The 30-scrip Sensitive Index (Sensex) of the BSE closed higher by 77.52 points, or 0.24 per cent, at 31,924.41 points.
The BSE market breadth was bullish — 1,563 advances and 1,165 declines.
“Nifty rose today, after remaining in a 32-point range and closed the day higher by around 28 points,” Deepak Jasani, Head – Retail Research, HDFC Securities, told IANS.
“Major Asian markets have ended on a positive note, which included Nikkei, Hang Seng, Kospi… In Europe, FTSE 100 currently traded higher and DAX and CAC 40 traded lower.”
In terms of the broader markets, the S&P BSE mid-cap index rose by 0.64 per cent, while the small-cap index gained 0.95 per cent.
Market observers opined that some gains were capped as caution prevailed in the markets ahead of the earnings season for the July-September period, which starts later during the week.
“Shares climbed on Tuesday but broader gains were limited as investors hedged their bets before corporate results kick in this week. Software bellwether Tata Consultancy Services will report on Thursday and index heavyweight Reliance Industries (RIL) on Friday,” said Dhruv Desai, Director and Chief Operating Officer of Tradebulls.
“The July-September earnings will be viewed as a gauge to determine whether the current high valuations hold ground after a record-setting rally this year,” Desai told IANS.
On the currency front, the rupee strengthened by 7-8 paise to close at 65.28 against the US dollar from its previous close at 65.35-36.
In terms of investments, provisional data with the exchanges showed that foreign institutional investors (FIIs) sold scrips worth Rs 504.82 crore while domestic institutional investors (DIIs) purchased stocks worth Rs 402.15 crore.
Sector-wise, the S&P BSE capital goods index edged up by 96.85 points, followed by banking index by 94.24 points and healthcare index by 75.38 points.
On the other hand, the S&P BSE FMCG index fell by 24.68 points and realty index by 20.95 points.
Major Sensex gainers on Tuesday were: Lupin, up 2 per cent at Rs 1,060.60; Axis Bank, up 1.74 per cent at Rs 513.95; Power Grid, up 1.61 per cent at Rs 204.60; Reliance Industries, up 1.52 per cent at Rs 843.40; and Coal India, up 1.44 per cent at Rs 285.50.
Major Sensex losers were: Hindustan Unilever, down 0.98 per cent at Rs 1,208.15; ICICI Bank, down 0.96 per cent at Rs 269.25; Tata Steel, down 0.93 per cent at Rs 690.65; ITC, down 0.82 per cent at Rs 265.80; and Sun Pharma, down 0.50 per cent at Rs 527.30.
–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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