Top News
Hopes of easing trade tensions lift equity indices (Roundup)
Mumbai, April 10 (IANS) Hopes over easing of recent global trade protectionist measures aided the key Indian equity indices to close on a flat-to-positive note on Tuesday.
The domestic equity indices mimicked their international counterparts, as signs indicating normalisation of trade relations between the US and China lifted other bourses in Asia, while European exchanges like FTSE 100, DAX and CAC 40 traded in the green.
However, a bout of profit booking and heavy selling pressure in auto, healthcare stocks capped gains.
Index-wise, the wider Nifty50 of the National Stock Exchange (NSE) ended the day’s trade at 10,402.25 points, up 22.90 points or 0.22 per cent from the previous close.
The barometer 30-scrip Sensex of the BSE, which opened at 33,880.11 points, closed at 33,880.25 points — up 91.71 points or 0.27 per cent from its previous session’s close.
The Sensex touched a high of 33,949.98 points and a low of 33,813.30 during the intra-day trade.
The BSE market breadth was, however, bearish with 1,316 declines and 1,160 advances. Similarly, the market breadth was negative on the NSE.
“Markets… continued to close with gains for the fourth day. Sentiment was boosted after Chinese President Xi Jinping’s speech eased trade war tensions between the US and China,” said Dhruv Desai, Director and Chief Operating Officer of Tradebulls.
According to Vinod Nair, Head of Research, Geojit Financial Services: “Metal and realty outperformed due to ease in global trade tensions while the surge in oil prices and bond yields refrained heavy weights to participate.”
“On the macro front, the domestic market is reversing from the support level in expectation of pick up in Q4 earnings and further moderation in (March) CPI inflation to 4.2 per cent against 4.44 per cent in the previous month,” Nair said.
On the currency front, the rupee strengthened by two paise to end at 64.99 against the US dollar.
In terms of investments, provisional data with the exchanges showed that foreign institutional investors sold scrips worth Rs 684.99 crore, while the domestic institutional investors purchased stocks worth Rs 653.65 crore.
Sector-wise, S&P BSE metal index, gained the most, with 272.68 points followed by the banking index, up 261.90 points and capital goods index, up 204.60 points.
Top losers among the BSE sectors were: S&P BSE auto index, down 164.45 points, consumer discretionary goods and services index down 14.88 points and healthcare index, down 7.30 points.
Major Sensex gainers on Tuesday were: Axis Bank, up 5.43 per cent at Rs 546.00; ICICI Bank, up 3.01 per cent at Rs 288.90; Adani Ports, up 2.75 per cent at Rs 386.45; Tata Steel, up 2.58 per cent at Rs 601.70; and Coal India, up 2.20 per cent at Rs 280.50 per share.
Top losers on the Sensex were: Hero MotoCorp, down 1.78 per cent at Rs 3,720.80; Tata Motors (DVR), down 1.51 per cent at Rs 199.00; Tata Motors, down 1.37 per cent at Rs 353.40; HDFC Bank, down 1.00 at Rs 1,919.10 per share and Mahindra and Mahindra, down 0.85 per cent at Rs 779.30.
–IANS
rrb-rv/vm
Top News
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.
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
