Exchange Data said that FIIs bought equities worth ₹2,208.23 crore on Tuesday (September 10, 2024). File
| Photo Credit: Reuters

Equity benchmark indices declined in early trade on Wednesday (September 11, 2024) after two days of gains amid selling in Tata Motors and weak trends in Asian markets.

The 30-share BSE Sensex fell 111.85 points to 81,809.44. The NSE Nifty dipped 39.2 points to 25,001.90.

Among the 30 Sensex firms, Tata Motors, ICICI Bank, Titan, HDFC Bank, JSW Steel, Tech Mahindra, UltraTech Cement and Axis Bank were the major laggards.

Asian Paints, Bharti Airtel, ITC and Hindustan Unilever were among the gainers.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading lower.

The U.S. markets ended mostly with gains on Tuesday (September 10, 2024).

Foreign Institutional Investors (FIIs) bought equities worth ₹2,208.23 crore on Tuesday (September 10, 2024), according to exchange data.

Global oil benchmark Brent crude climbed 0.59% to $69.60 a barrel.

The BSE benchmark climbed 361.75 points or 0.44% to settle at 81,921.29 on Tuesday (September 11, 2024). The NSE Nifty surged 104.70 points or 0.42% to 25,041.10.

Billionaire Ashwin Dani, non-executive director and member of the promoter group at Asian Paints Limited, has died at the age of 79.

Here are 5 points on the businessman:

1. Mr Dani was born on September 26, 1944, in Mumbai. He completed his bachelor of science degree in chemistry from Mumbai University in 1966 and went to the US to pursue his master’s degree in chemical engineering from the University of Akron.

2. He joined Asian Paints in 1968, which was founded by his father and three others in 1942. He joined the company’s Board in 1970 and held the position of Vice Chairman and Managing Director of the company from 1998 to 2009.

3. Since 2009, he continued on the Board as the Non-Executive Director and vice chairman of the Board and the company. For the period between 2018 to 2021, he held the position of Chairman of the Board and the company. He stepped down in 2021.

4. Under his leadership, Asian Paints expanded its operations globally and became one of the leading paint companies in the world. He was instrumental in pioneering the idea of computerised colour matching in the Indian paint industry.

5. He is survived by his wife Ina Dani and his three children. His son Malav Dani is on the board of Asian Paints. Besides business, he was a devoted yoga practitioner and had a keen interest in the art collection. Ashwin Dani’s net worth is estimated to be approximately $7.1 billion, according to Forbes.

Post a comment