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Global cues, appreciation in rupee boost equity indices (Roundup)
Mumbai, July 9 (IANS) Firm global cues coupled with an appreciation in the Indian rupee lifted the key Indian equity indices on Monday.
According to market observers, a healthy US jobs data released on Friday strengthened the investor sentiments in the global markets.
Index-wise, in the domestic market, the broader Nifty50 of the National Stock Exchange (NSE) closed at 10,852.90 points — higher by 80.25 points or 0.74 per cent — from its previous close of 10,772.65 points.
Similarly, the barometer 30-scrip Sensex on the BSE, which had opened at 35,835.10 points, closed on a positive note. It ended the day’s trade at 35,934.72 points — up by 276.86 points or 0.78 per cent — from its previous session’s close of 35,657.86 points.
Sensex touched a high of 35,977.37 points and a low of 35,779.72 during the intra-day trade.
In the broader markets, the S&P BSE mid-cap rose by 1.23 per cent and the S&P BSE small-cap ended 1.58 per cent higher from its previous close. The BSE market breadth was bullish with 1,708 advances against 907 declines.
“The gains came on the back of a robust June payrolls in the US,” said V.K. Sharma, Head of Private Client Group and Capital Market Strategy at HDFC Securities.
The BNP Paribas Mutual Fund’s Senior Fund Manager for Equities, Abhijeet Dey said trading for the week began on a firm note following positive global stocks.
Fresh buying in pivotal indices propelled the key benchmark indices to trade in the positive zone, Dey added.
Further, appreciation in the rupee against the dollar also firmed up the investor sentiments.
The rupee strengthened by 15 paise on Monday to end at 68.72 per dollar, against the previous close of 68.87 per greenback.
Investment-wise, provisional data with exchanges showed that foreign institutional investors sold scrip worth Rs 569.91 crore while the domestic institutional investors bought stocks worth Rs 740.39 crore.
Sector-wise, all the indices ended on a positive note with the S&P BSE banking index gaining the most, by 277.41 points. It was followed by the capital goods and metal indices, which rose by 255.43 points and 155.99 points respectively.
The major gainers on the Sensex were Vedanta, up 3.14 per cent at Rs 226.40; Asian Paints, up 3.11 per cent at Rs 1,364; Yes Bank, up 2.70 per cent at Rs 361.90; Sun Pharma, up 1.97 per cent at Rs 569.45; and Reliance Industries, up 1.96 per cent at Rs 995.65 per share.
The top losers were Tata Consultancy Services, down 1.34 per cent at Rs 1,887.65; HDFC, down 0.32 per cent at Rs 1,909.70; IndusInd Bank, down 0.22 per cent at Rs 1,954.60; Bharti Airtel, down 0.22 per cent at Rs 361.05; and Coal India, down 0.11 per cent at Rs 271 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.