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Profit booking dents equity indices, Sensex closes flat (Roundup)

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Mumbai, Nov 30 (IANS) The key equity indices on Friday closed trade on a flat-to-positive note, as caution ahead of the macro-economic data release as well as profit booking subdued investors’ sentiments.

In the intra-day trade, the two key indices — S&P BSE Sensex and NSE Nifty50 — reversed their initial gains to slip into the red as investors shifted focus to the macro-economic data announcement.

Sector-wise, banking, oil and gas and telecom stocks witnessed selling pressure on the BSE. In contrast, IT, realty and healthcare stocks outperformed the benchmark index, gaining 1-2 per cent.

“Stocks in India oscillated between the positive and negative zones on mixed news flows and profit booking after the recent leg-up kept the emergence of a strong trend at bay,” said Abhijeet Dey, Senior Fund Manager-Equities, BNP Paribas Mutual Fund.

Index-wise, the S&P BSE Sensex settled 23.89 points up or 0.07 per cent higher at 36,194.30 points, from its previous close of 36,170.41 points. It touched an intra-day high of 36,389.22 and a low of 36,082.97.

The NSE Nifty50 gained 22.05 points or 0.20 per cent to finish the session at 10,880.75 points.

In terms of crude oil, prices remained subdued at $58.81 per barrel, while the Indian rupee strengthened by 25 paise to Rs 69.59 per US dollar from its previous close of 69.84.

“Market ended on a positive note after witnessing a roller coaster movement ahead of G20 meet and expectation of oil production cut in the upcoming OPEC meet,” said Vinod Nair, Head of Research, Geojit Financial Services.

Investment-wise, the provisional data with the exchanges showed that foreign institutional investors sold stocks worth Rs 332.62 crore on Friday, while the domestic institutional investors bought Rs 1,489.65-crore shares.

Top gainers on the Sensex were Yes Bank, up 5.73 per cent at Rs 169.65; Wipro, up 3.14 per cent at Rs 324.85; Mahindra and Mahindra, up 2.21 per cent at Rs 790.20; Sun Pharma, up 1.84 per cent at Rs 492.30; and Kotak Mahindra Bank, up 1.83 per cent at Rs 1,232.35 per share.

Top laggards were Tata Motors, down 3.02 per cent at Rs 171.95; Tata Motors (DVR), down 2.24 per cent at Rs 93.95; ICICI Bank, down 2 per cent at Rs 355; IndusInd Bank, down 1.70 per cent at Rs 1,631.55; and Vedanta, down 1.66 per cent at Rs 195.80 per share.

–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

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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.

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