Sensex Snaps 3-Day Losing Streak On Rebound In FMCG And Pvt Bank Shares

by Hemanta Pande

NEWS HIGHLIGHTS

At closing, the Sensex was up 375 points or 0.46 per cent at 81,559 and the Nifty was up 84 points or 0.34 per cent at 24,936.

Mumbai, Sep 9: Indian equity indices closed higher on Monday, snapping its three-day losing streak following a rally in FMCG and private bank stocks.

At closing, the Sensex was up 375 points or 0.46 per cent at 81,559 and the Nifty was up 84 points or 0.34 per cent at 24,936.

The market was led by private banking stocks. Nifty Bank closed at 51,117, up 540 points or 1.07 per cent.

In the Sensex pack, HUL, ICICI, ITC, Kotak Mahindra Bank, IndusInd Bank, Axis Bank, HDFC Bank, Nestle and UltraTech Cement were the top gainers. Tech Mahindra, Tata Steel, NTPC, Wipro, Tata Motors, Titan, Power Grid, HCL Tech, Sun Pharma and JSW Steel were the top losers.

Selling was seen in the midcap and smallcap stocks. The Nifty Midcap 100 index was down 154 points, or 0.26 per cent at 58,347 and the Nifty Smallcap 100 index was down 178 points or 0.93 per cent at 19,097.

Among the sectoral indices, FMCG, Fin services and private banks were major gainers. IT, Auto, metal, PSE and energy were major laggards.

Market experts said, "Despite a negative opening amidst weak global cues, the domestic market exhibited some recovery from last week’s steep fall. The market is currently attempting to gain stability between potential rate cuts and recession fears in the US. The current trend in the US job data suggests that the anticipated 25 bps rate cut may not be sufficient."

"Moreover, the upcoming data on US inflation and jobless claims will be decisive in assessing the market trend," they added.

Indian markets opened in the red. At 9:32 a.m., Sensex was down 215 points or 0.27 per cent at 80,968 and Nifty was down 78 points or 0.32 per cent at 24,773. (IANS)

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Salman Khan's Team Issues Advisory On US Concert Scam

by Utkalika Mohanty

Mumbai, Sept 17: Bollywood actor Salman Khan's team has addressed the fake news scam related to Salman Khan's concert in the United States.

On Monday, the team of Bollywood's Bhaijaan took to his photo-sharing platform Instagram and shared an advisory post related to the hoax update about the ‘Wanted’ fame actor's USA visit.

The picture mentions, “This is to inform that neither Mr. Salman Khan nor any of his affiliated companies or teams are organizing any upcoming concerts, appearances in the USA in 2024.”

View this post on Instagram
A post shared by Salman Khan (@beingsalmankhan)

They continued, “Any claims suggesting that Mr. Khan will be performing are completely false. Please do not trust any emails, messages or advertisements promoting such events.”

“Legal action will be taken against anyone found falsely using Mr. Salman Khan's name for fraudulent purposes” They concluded.

The post was captioned as, “Official Notice!”

Earlier, today Salman Khan's manager Jordy Patel took to his Instagram Stories and shared a fake poster of Salman's concert to commence on October 5 at 4 PM (EST) in USA, California

He captioned the picture, “Do not buy tickets. Salman Khan is not making any appearances in the US in 2024.

As for now, Salman Khan is currently busy with the shoot schedule of his upcoming action-packed thriller ‘Sikandar’ helmed by ‘Ghajini’ fame director AR Murugadoss. The film will also feature Rashmika Mandanna and Kajal Aggarwal in the lead role.

--IANS

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As PM Modi Turns 74, Here's How You Can Send B-Day Greetings Through NaMo App

by Utkalika Mohanty

New Delhi, Sep 17: With Prime Minister Narendra Modi turning 74 on Tuesday, NaMo App has introduced some special features to enable people to send him birthday greetings on the special day.

The NaMo App has created interesting and ready-made formats, to provide an easy and seamless experience for PM Modi's fans and well-wishers to send him birthday greetings.

The hashtag -- #HappyBdayModiji -- can be added along with the birthday greetings for the Prime Minister.

To wish PM Modi, one simply has to visit the NaMo App and click on the link -- https://nm-4.com/SevaGreetingCard -- to send an AI-generated 'Seva' Greeting with one's selfie alongside the Prime Minister.

Besides, the NaMo App also lets one send wishes via 'Subhkaamna' Reels.

According to the app, through this unique feature, "you and your family can record heartfelt messages for him". The link is -- https://nm-4.com/ShubhkaamnaReel

Another link -- https://nm-4.com/SevaYatra -- lets the admirers and fans of PM Modi take a virtual tour of his life and journey with the Seva Yatra "to get inspired and inspire others".

Narendra Modi took oath as the Prime Minister on June 9 for his third consecutive term, equalling the record of country's first PM, Jawaharlal Nehru.

Born on September 17, 1950, a few years after India gained Independence and just as it became a Republic, Narendra Modi was the third of six children of Damodardas and Hiraba Modi.

As a child, Narendra Modi occasionally assisted at his father’s tea stall at Vadnagar railway station. He finished his schooling in Vadnagar in 1967, where he was seen as an average student but a talented debater and actor with a passion for theatre. At the age of eight, Narendra Modi joined the Rashtriya Swayamsevak Sangh (RSS) and was mentored by Lakshmanrao Inamdar.

Narendra Modi’s first significant political action came in 1971, when he joined a Jana Sangh protest in support of the Bangladesh Liberation War, which led to a brief detention. After the 1971 Indo-Pak war, he became a full-time RSS Pracharak (campaigner).

In 1978, he earned a Bachelor of Arts degree in political science from Delhi University, followed by a Master of Arts degree from Gujarat University in 1983. His rise in the RSS and subsequent involvement with the BJP laid the foundation for his political ascent.

--IANS

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'Heinous Act': India Raises Vandalism Of Swaminarayan Temple In New York With US

by Utkalika Mohanty

New York, Sep 17: The Indian Consulate in New York has condemned the vandalism of the BAPS Swaminarayan Temple, saying it has raised the matter with the US law enforcement authorities for prompt action against perpetrators of the "heinous act".

"The vandalism of the BAPS Swaminarayan Temple in Melville, New York, is unacceptable," the Indian Consulate said on Monday in a post on X.

It added that the Consulate "is in touch with the community and has raised the matter with the US law enforcement authorities for prompt action against the perpetrators of this heinous act".

Melville is located in Suffolk County on Long Island and is about 28 km from the 16000-seater Nassau Veterans Memorial Coliseum where Prime Minister Narendra Modi is scheduled to address a mega community event on September 22.

According to footage shared online, expletives have been sprayed on the road and the signage outside the temple. The temple is expected to hold a prayer meeting later on Monday noon following the incident.

The Hindu American Foundation said on Monday in a post on X that the Justice Department and Department of Homeland Security "must investigate" the attack on the temple "after recent threats to Hindu institutions as a large Indian community gathering is planned in nearby Nassau County this weekend".

"It is hard to comprehend the absolute cowardice of those who would attack a Hindu temple to air hatred for an elected leader. This attack, following recent threats at Hindu and Indian institutions, must be seen in the context of that threat scenario," executive director of the Hindu American Foundation Suhag Shukla said in a post on X.

It also mentioned that Khalistani terrorist Gurpatwant Singh Pannun had recently shared a video threatening Hindu and Indian institutions.

It said that the vandalism incident in New York is similar to attacks on temples that happened in California and Canada.

"Gurpatwant Pannun, of "Sikhs for Justice," recently posted a video threatening Hindu and Indian institutions, including HAF, as the community event approaches. The vandalism is similar to that seen in attacks on temples in New York, California and Canada & called out by @CongressmanRaja @RoKhanna @ShriThanedar @PramilaJayapal @BeraForCongress @shuvmajumdar and other political leaders," Hindu American Foundation posted on X.

Earlier in July, the BAPS Swaminarayan Mandir was vandalised in Canada's Edmonton.

Canadian MP Chandra Arya voiced deep concern over the escalating incidents of hate-fuelled violence directed at Hindu-Canadian communities.

In a post on X, Chandra Arya said, "The Hindu temple BAPS Swaminarayan Mandir in Edmonton is vandalised again. During the last few years, Hindu temples in the Greater Toronto Area, British Columbia, and other places in Canada are being vandalised with hateful graffiti."

--IANS

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Sensex Snaps 3-Day Losing Streak On Rebound In FMCG And Pvt Bank Shares

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