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Profit taking subdues equity indices to end flat; metal stocks fall (Second Lead)
Mumbai, June 11 (IANS) Profit booking and weak global markets subdued the key Indian equity indices to provisionally close Monday’s volatile trade session on a flat-to-positive note.
According to market observers, the key indices ceded most of their gains during the last hour of Monday’s trade session.
In the late-afternoon trade session, both the NSE Nifty50 and the S&P BSE Sensex made significant gains, with the barometer Sensex rising over 200 points, supported by healthy buying in the consumer durables, banking and capital goods stocks.
At 3.30 p.m., the wider NSE Nifty50 provisionally ended the day’s trade at 10,786.95 points, up 19.30 points or 0.18 per cent from its previous close of 10,767.65 points.
The benchmark S&P BSE Sensex, which had opened at 35,472.59 points, closed at 35,483.47 points (3.30 p.m.) — up 39.80 points or 0.11 per cent — from the previous closing level of 35,443.67 points.
The volatility in the market could be gauged by the fact that the Sensex touched an intra-day high of 35,704.84 points against the intra-day low of 35,444.49 points.
The BSE market breadth was slightly tilted towards the bulls with 1,516 advances against 1,158 declines.
The top gainers on the Sensex were Bharti Airtel, Sun Pharma, IndusInd Bank, Maruti Suzuki and Dr Reddy’s Lab whereas Tata Steel, Power Grid, Coal India, Yes Bank and Tata Motors (DVR) were the major losers.
On the NSE, Bharti Airtel, Grasim Industries and UltraTech Cement were the highest gainers while Tata Steel, UPL and HCL Technologies lost the most.
–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.