Top News
Global cues subdue equity indices; consumer durables stocks fall (Roundup)
Mumbai, May 8 (IANS) In a volatile session, the key domestic equity indices ceded their initial gains to end Tuesday’s trade on a flat-to-positive note as weak global cues eroded investors’ risk-taking appetite.
According to market analysts, heavy selling pressure in consumer durables and capital goods stocks trimmed the overall gains made earlier in the day’s trade.
Index-wise, the broader Nifty50 of the National Stock Exchange (NSE) closed at 10,717.80 points — up 2.30 points or 0.02 per cent — from its previous close.
The barometer 30-scrip Sensitive Index (Sensex), which opened at 35,349.85 points, closed at 35,216.32 points — up 8.18 points or 0.02 per cent — from its previous session’s close.
The Sensex touched a high of 35,388.87 points and a low of 35,136.01 during the intra-day trade.
The BSE market breadth was tilted towards the bears with 1,523 declines and 1,161 advances.
In the broader market segment, both S&P BSE mid-cap and small cap closed by 0.10 per cent higher from their previous closing levels.
“Markets ended with marginal gains on Tuesday after a minor sell off in the afternoon session saw the Nifty giving up its morning gains,” said Deepak Jasani, Head, Retail Research, HDFC Securities.
“Major Asian markets have closed on a mixed note. European indices like CAC 40 and DAX traded in the red,” Jasani told IANS.
Vinod Nair, Head of Research, Geojit Financial Services said: “Market turned volatile as investors’ are concerned on the movement of rupee and surge in oil price which could eventually lead to tight monetary policy.”
“Albeit, banks outperformed as sentiment improved on account of early recognition of stressed assets. Continued outflow of foreign money will keep rupee on tenterhook while increasing GST collection and RBIs open market operation may soften the volatility.”
Besides, investors were concerned over a further rise in international crude oil prices as a result of US moving away from the 2015 Iran Nuclear Deal.
On the currency front, the Indian rupee strengthened by 27 paise to 67.08 against the US dollar from its previous close at 67.14 per greenback.
In terms of investments, provisional data with the exchanges showed that foreign institutional investors sold scrips worth Rs 97.15 crore, while the domestic institutional investors purchased stocks worth Rs 923.25 crore.
Sector-wise, the S&P BSE banking index rose by 381.62 points, the oil and gas stocks edged-up by 52.51 points and the finance stocks rose by 26.12 points.
On the other hand, the S&P BSE consumer durables index fell by 183.10 points, the capital goods stocks dropped 165.05 points and the auto stocks ended 108.36 points lower.
The major gainers on the Sensex were ICICI Bank, up 6.86 per cent at Rs 309.25; State Bank of India, up 1.42 per cent at Rs 250; Axis Bank, up 1.18 per cent at Rs 541.25; Power Grid, up 1.14 per cent at Rs 212.15; and Tata Motors (DVR), up 0.74 per cent at Rs 189.60 per share.
The top losers were Mahindra and Mahindra, down 2.26 per cent at Rs 865.60; IndusInd Bank, down 1.78 per cent at Rs 1,851.25; Larsen and Toubro, down 1.70 per cent at Rs 1,364.85; Infosys, down 1.52 per cent at Rs 1,165.35; and Yes Bank, down 1.19 per cent at Rs 343.35 per share.
–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
