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Positive global cues, IT stocks lift equity indices (Roundup)
Mumbai, Dec 11 (IANS) Key Indian equity indices extended their gains for the third consecutive session on Monday as positive global cues, alongwith healthy buying in auto, IT and healthcare stocks, lifted market sentiment.
On a closing basis, the wider Nifty50 of the National Stock Exchange (NSE) edged higher by 56.60 points or 0.55 per cent to 10,322.25 points.
The barometer 30-scrip Sensitive Index (Sensex) of the BSE closed at 33,455.79 points — up 205.49 points or 0.62 per cent — from its previous close.
The BSE market breadth was bullish — 1,411 advances and 1,294 declines.
“Markets rallied higher on Monday to close with gains for the third consecutive session. IT stocks led from the front even as strong gains in Coal India and index heavyweights HDFC and ITC helped key indices rise,” Deepak Jasani, Head, Retail Research, HDFC Securities, told IANS.
“Positive global cues aided the market sentiments. Broad market indices like the BSE mid-cap and small-cap indices gained less, thereby underperforming the main indices,” he added.
In the broader markets, the S&P BSE mid-cap index closed higher by 0.36 per cent and the small-cap index by 0.22 per cent.
On the currency front, the rupee strengthened by nine paise to close at 64.36 against the US dollar from its previous close at 64.45.
“Indian equities advanced as continuous buying by domestic institutional investors (DIIs) amid strong global markets lifted sentiments,” Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.
Provisional data with the exchanges showed that foreign institutional investors sold scrips worth Rs 185.60 crore while DIIs bought stocks worth Rs 108.94 crore.
Vinod Nair, Head of Research, Geojit Financial Services, said: “Market extended gains amid better US economic data which provides the scope of global market stability.
“On the domestic front, optimism on election result in favor of the ruling party continues to attract liquidity in the market.”
Sector-wise, the S&P BSE automobile index rose by 164.63 points, followed by IT index by 107.75 points and banking index by 102.85 points.
On the other hand, the S&P BSE oil and gas index was down 37.46 points, energy index by 7.89 points and realty index by 3.08 points.
Major Sensex gainers on Monday were: Tata Consultancy Services, up 2.35 per cent at Rs 2,662; Mahindra and Mahindra, up 2.16 per cent at Rs 1,419; Lupin, up 2.15 per cent at Rs 837.70; HDFC, up 2.14 per cent at Rs 1,713.20; and Wipro, up 2.12 per cent at Rs 289.25.
Major Sensex losers were: NTPC, down 1.36 per cent at Rs 177.50; ONGC, down 0.78 per cent at Rs 178.90; Reliance Industries, down 0.55 per cent at Rs 915.90; Hindustan Unilever, down 0.48 per cent at Rs 1,320.35; and Adani Ports, down 0.42 per cent at Rs 390.95.
–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.