Mortal remains of Varun Singh reach Bhopal, last rites on Friday

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Bhopal, Dec 16 | The mortal remains of Group Captain Varun Singh, who died at a military hospital in Bengaluru on Wednesday after surviving in a chopper crash in Tamil Nadu, reached here at Bhopal Airport on Thursday afternoon.

At Bhopal’s Raja Bhoj airport, military officials and political leaders paid tribute to the decorated air warrior and after that the body was taken to his home in Sun City Garden.

As per information, the last rites will be performed at Bairagarh crematorium on Friday morning. The local administration had planned the last rites at Bhadbhada crematorium, but Varun Singh’s father requested the district administration to arrange the funeral at Bairagarh crematorium, citing reason of traffic jam.

Singh had suffered serious injuries in the chopper crash that occurred near Coonoor in Tamil Nadu that resulted in the death of Chief of Defence Staff (CDS) General Bipin Rawat, his wife and 11 armed forces personnel on December 8.

Singh was conferred with the Shaurya Chakra, India’s third highest peacetime gallantry award, in August this year for displaying exemplary composure and skill when his Tejas aircraft developed a technical snag during a sortie.

Singh’s parents originally hail from Uttar Pradesh, however, they have been residing in Bhopal for the last several years. Singh’s father Colonel K.P. Singh (retired) and his younger brother are serving in Indian Navy.

Singh got married in January 2008 after meeting Geetajnjali while she was studying in a Pune college. The couple has two kids — a son and a daughter.

Earlier in the day, Madhya Pradesh Chief Minister Shivraj Singh Chouhan announced a ‘Samman Nidhi’ of Rs one crore to the kin of the officer. “The state government will give Rs one crore as Samman Nidhi to the family of martyred Group Captain Varun Singh and in consultation with them, install his statue here, name an institution after him and also offer a job to his kin in the state government, as per laid down practice,” Chouhan said.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.

While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.

Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.

Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.

On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

 

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