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Amid volatility, equity indices end in red for 3rd straight session (Roundup)
Mumbai, Sep 28 (IANS) The key Indian equity indices ended the Friday’s largely volatile session on a negative note, with the S&P BSE Sensex shedding nearly 100 points.
The market was weighed down by outflow of foreign investments, along with heavy selling activity in metal, auto and healthcare stocks.
The indices had opened in the green, tracking firm Asian markets, though they could not hold on to the gains for long.
Index-wise, the wider Nifty50 on the National Stock Exchange closed at 10,930.45 points, lower 47.10 points or 0.43 per cent from its previous close.
The BSE Sensex, which had opened at 36,452.74 points, closed at 36,227.14 points, down 97.03 points or 0.27 per cent from its Thursday’s close at 36,324.17 points.
It touched an intra-day high of 36,551.86 points and a low of 35,985.63 points.
In the broader markets, the S&P BSE Mid-cap declined 1.6 per cent, while the S&P BSE Small-cap fell 3.41 per cent, from their previous close.
Major Asian markets closed on a positive note, barring the Taiwan and KOSPI indices, while the European indices like FTSE 100, DAX and CAC 40 traded in the red, said Deepak Jasani, Head of Retail Research at HDFC Securities.
On the currency front, the Indian rupee closed at 72.48 per US dollar, 11 paise stronger from its previous close of 72.59.
Rupee appreciated as the government on Wednesday raised import duties on various items in order to narrow down the current account deficit and arrest the fall of Indian currency, according to analysts.
Investment-wise, provisional data with the exchanges showed that foreign institutional investors sold stocks worth Rs 1,699.94 crore and domestic institutional investors bought stocks worth Rs 3,256.34 crore.
The top Sensex gainers were: Axis Bank, up 2.28 per cent at Rs 612.35; HDFC, up 1.49 per cent at Rs 1,755.50; HDFC Bank, up 1.40 per cent at Rs 2,005.65; ITC, up 1.18 per cent at Rs 296.70; and Wipro, up 1.12 per cent at Rs 324.20 per share.
On the other hand, major losers included Yes Bank, down 9.72 per cent at Rs 183.45; Hero Moto Corp, down 5.16 per cent at Rs 2932.15; Bharti Airtel, down 5.01 per cent at Rs 338.25; Tata Steel, down 4.85 per cent at Rs 580.35; and Vedanta, down 3.60 per cent at Rs 231.75 per share.
–IANS
ravi/nir
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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.