Nifty Hits all Time High Ahead of Budget Sensex Opens Higher with

first_imgParenteral Drugs India LtdPADG31.35+4.35+16.11 BN Rathi Securities LtdBNRA14.75-1.85-11.14 Somi Conveyor Beltings LtdSOMI28.10+4.65+19.83 Aarey Drugs and PharmaceuticalsADPH19.88+3.31+19.83 Super Crop Safe LtdSUPC17.59+2.83+19.17 IVP LtdIVPL53.70+8.95+20 Modi Naturals LtdMODN20.60-2.25-9.85 NameSymbolLast traded in ₹Change in ₹Change in % Shelter Infra ProjectsFGIS6.40-0.59-8.44 In the meantime time top gainers from NSE were Parenteral Drugs India, IVP Ltd, Sarla Performance Fibers, Time Technoplast and Jayaswal Neco Industries, whereas, top losers were Blue Chips India, Jenson and Nicholson India, Landmark Property Development, Vardhman Polytex and ELGI Rubber Co Ltd. But, the positions of the above listed companies changed frequently during trading hours.The NSE index futures traded on Monday rose 0.1 percent and the MSCI-Asia Pacific excluding Japan’s index fell 0.13 percent.At 11:55 am, among 12 Indian stock indices; three fell. Those were BSE Oli&gas stocks, FMCG stocks and Bank stocks. Stock price of Oil and gas fell by ₹64.20 at ₹11,184.99, while FMCG’s stocks also declined at ₹6805 at ₹9.24 during trading hours. In the mean time, all stock prices in banking sector recorded low.BSE Bankex index recorded ₹17706.78 with loss of ₹117.75 and 0.66 percent. But, South Indian Bank in NSE index rose by ₹1.25 at ₹34.35, after US-based Pabrai Investment Fund bought 19.6 million shares on Friday. InfosysReutersHowever, stock index of IT sector surged during trading hours at 12 pm on Monday. Stock price of IT index was recorded ₹9487.04 with surge of ₹175.85 and 1.89 percent. Stock prices of all listed companies in IT sector rose, whereas, Infosys’ stock profited the most with surge of ₹75.80 and 2.37 percent. Its price was recorded ₹3315.95 at 12:05 pm.Besides this, stock price of Adani Ports, Reliance communications, Tata Consultancy Services and IDFC among few others rose, while stocks of Hindustan Unilever, ITC, United spirits and few other stocks of Banking and Oil fell during trading hours.World Markets:Among Asian markets Japan’s Nikkei and Hong Kong’s Hang Seng fell by 57.69 points and 15.17 points respectively at 12:30 pm. Nikkei was recorded at 15379.44 points and Hang Seng was recorded 23531.19 points.In the mean time, all US market indices rose. Dow, S&P, NASDAQ and TR US Index surged by 92.02 points, 10.82 points, 28.19 points and 0.97 points respectively. While, among European markets; only FTSE 100 appeared surging at 6866.05 points with an increase of 0.84 points and DAX, CAC 40 and TR Europe fell by 20.35 points, 20.90 points and 0.23 points respectively.However, at 12:24 pm, NSE index was recorded at 7765 points with an increase of 13.90 points and BSE index was recorded at 26026.23 points with surge of 64.17 points. Biopac India Corp LtdBNRU14.85-1.60-9.73 Top losers from BSE as on July 7, Monday at 11 am:NameNameSymbolSymbolLast traded in ₹Last traded in ₹Change in ₹Change in ₹Change in %Change in %NameBN Rathi Securities LtdSymbolBNRALast traded in ₹14.75Change in ₹-1.85Change in %-11.14NameModi Naturals LtdSymbolMODNLast traded in ₹20.60Change in ₹-2.25Change in %-9.85NameBiopac India Corp LtdSymbolBNRULast traded in ₹14.85Change in ₹-1.60Change in %-9.73NameFourth Generation Information SystemsSymbolBIOPLast traded in ₹5.65Change in ₹-0.54Change in %-8.72NameShelter Infra ProjectsSymbolFGISLast traded in ₹6.40Change in ₹-0.59Change in %-8.44 Fourth Generation Information SystemsBIOP5.65-0.54-8.72 At 10:30 am on Monday, BSE Sensex and NSE Nifty surged by 0.44 percent and 0.25 percent respectively, ahead of the budget scheduled for Thursday. The Indian rupee strengthened by 4 paise at 59.69 per dollar during early trade, versus previous closing of 59.73 a dollar on Friday.On Friday, INR saw its highest weekly gain in one-and-a-half months and Indian stock market received foreign flows worth ₹9.43 billion. According to Reuters, rupee gained its highest record since 16 May, 2014.”The rupee is likely to trade in a range of 59.60 to 60.40 until the budget,” Reuters quoted Hari Chandramgethen, head of foreign exchange trading at South Indian Bank.”The budget can very well have a huge impact on the market. Traders will be keenly watching how the government tackles the fiscal side problems and inflation,” he added.The Sensex opened at 9:08 am with surge of 74.16 points at 26039.67 points versus previous closing of 25962.06 points, whereas, the Nifty opened at 9:15 am with an increase of 22.75 points at 7774.75 points versus the previous closing of 7752 points.Later at 10:30, Sensex and Nifty surged at 26116.73 points and 7791.4 points. Monday’s index was recorded as third consecutive all time high versus previous sessions.Besides, top gainers from BSE as on July 7, Monday at 11 am:NameNameSymbolSymbolLast traded in ₹Last traded in ₹Change in ₹Change in ₹Change in %Change in %NameIVP LtdSymbolIVPLLast traded in ₹53.70Change in ₹+8.95Change in %+20NameAarey Drugs and PharmaceuticalsSymbolADPHLast traded in ₹19.88Change in ₹+3.31Change in %+19.83NameSomi Conveyor Beltings LtdSymbolSOMILast traded in ₹28.10Change in ₹+4.65Change in %+19.83NameSuper Crop Safe LtdSymbolSUPCLast traded in ₹17.59Change in ₹+2.83Change in %+19.17NameParenteral Drugs India LtdSymbolPADGLast traded in ₹31.35Change in ₹+4.35Change in %+16.11 NameSymbolLast traded in ₹Change in ₹Change in %last_img read more

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Along Ship Channel Houstons Manchester Neighborhood Grapples With Poor Air Quality

first_imgMeanwhile, environmental justice advocates see improving air quality in Manchester as an uphill battle for this majority Latino, low-income community, especially considering many residents are Spanish-speaking immigrants. – / 3At Peiser Park, college student Marissa Rivera reminisces about her high school days. She used to run cross country at the park, across the street from her old high school in Manchester. “One time I ran 12 times around it, in the middle of the summer heat, with the refineries in the background,” said Rivera. She said her friends often wondered how harmful the chemicals and heat really were. “It would be like a joke that we were killing ourselves by being out here,” she said.  A house sits next to a large cement tank in the Manchester neighborhood.But, longtime Manchester resident Edgar Flores said he isn’t too concerned about the refineries close by. “From my point of  view it doesn’t really affect the community in a bad way that I know of,” said Flores. “It’s good for the community. There are jobs here and stuff.” Marissa Rivera said that’s how she thinks a lot of the community feels, or that they can’t really do anything to make the air quality better. Rivera said she’s just starting to understand the extent of Manchester’s environmental issues. After attending a public meeting at a Manchester community center, she said she learned a lot more. – / 3At the June meeting, representatives from Valero Energy and the Texas Commission on Environmental Quality (TCEQ) opened the floor to a public discussion on a permit amendment. Valero is requesting to amend a permit that would allow small amounts of hydrogen cyanide, a poisonous chemical compound, to be released at the Valero refinery. The refinery is located adjacent to Manchester.Valero and TCEQ representatives sat in front of a group of around 50 community members and activists. The TCEQ said the levels of hydrogen cyanide that would be released are low enough that it won’t put resident’s health at risk. But the crowd here tonight isn’t convinced. They argue the damage has already been done. The TCEQ said Valero has been releasing this chemical for years and now they’re trying to regulate these emissions.   “It’s kinda like shoplifting and then like when you get outside if you get caught just going oh I’ll just pay for it now,” said Stacey Davidson from Pleasantville, “Isn’t it?”“Well, it’s a close analogy,” said Tony Ionescu, the TCEQ permit reviewer for Valero’s permit amendment. “It’d be like if you didn’t know you were shoplifting and then you got outside and found out,” said Ionescu. Representatives from Valero Energy listen to public comment and answer questions at a community meeting in Manchester.This isn’t the first time Valero has been criticized in recent months. After Hurricane Harvey, residents complained about a stench that lingered throughout the neighborhood. The refinery was emitting high levels of the carcinogen Benzene.Yenny Ramirez has lived in Manchester over a decade and said she smells chemicals in the air on a regular basis. At the meeting, she asked the TCEQ to stop Valero from releasing more chemicals into the air. In Spanish, she said her 10-year-old son suffers from red eyes, which her doctor hasn’t been able to explain. Families tell the TCEQ why they oppose a permit amendment that would allow low levels of hydrogen cyanide in the air.Though many health complaints are anecdotal, research indicates that Manchester’s residents experience a higher proportion of illness compared to other areas in Houston. A study by the environmental justice group t.e.j.a.s. and the Center for Science and Democracy found community members in Manchester are more likely to get cancer than more affluent neighborhoods in Houston.Experts said Valero’s refinery isn’t the only one contributing to the poor air quality in Manchester. Other facilities along the nearby ship channel are also known polluters. “We know that children that grow up within two miles of the ship channel have an elevated risk of developing leukemia,” said Dr. Bakeyah Nelson, Executive Director of the nonprofit Air Alliance Houston, which advocates for cleaner air. A study by the University of Texas School of Public Health found children living by the ship channel as having a 56% higher chance of developing acute lymphocytic leukemia than children living ten miles away. Nelson said while Houston in general has air quality problems, in Manchester a number of environmental factors are coming together. A 2006 study commissioned by former Houston Mayor Bill White found Manchester and Harrisburg as having the highest number of definite risk pollutants in Houston.Dr. Nelson said to protect communities like Manchester, more needs to be done by state regulators to penalize Texas polluters. “You’re living in a state and operating in a context where it’s very lax on the enforcement side of things,” said Nelson.  A 2017 study by the Environmental Integrity Project and Environment Texas revealed that the state imposed penalties on 3% of infractions by Texas polluters. In the meantime, activists and residents are fighting to prevent Valero’s updated permit from being approved.Valero and the TCEQ say community members will have another chance to voice their concerns at second meeting. The date and time were pending when this article was published, though a list of the TCEQ’s public meetings can be viewed on their website.  To embed this piece of audio in your site, please use this code: X Houston is one of the most ozone-polluted cities in the country. But studies show that in the city’s Manchester neighborhood, the air quality is even worse. The community in Southeast Houston is surrounded by two major highways, the ship channel and a Valero Refinery. As some residents grapple with health problems, they’re looking for someone to hold accountable. center_img Listen 00:00 /04:00 Sharelast_img read more

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