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Equities trade flat on global cues, weak rupee (Lead)
Mumbai, Sep 20 (IANS) Key Indian equity indices traded on a flat note during the mid-afternoon session on Wednesday as investors remained cautious ahead of the US Federal Open Market Committee policy meet outcome.
The outcome of the two-day US Federal Reserve meeting is slated for later in the evening (India time).
Besides, escalating geo-political tensions related to the Korean peninsula along with a weak rupee and profit booking in auto, banking and IT stocks capped gains.
At 12.30 p.m., the wider Nifty50 of the National Stock Exchange (NSE) traded at 10,144.95 points — fractionally lower by 2.60 points or 0.03 per cent — from its previous session’s close.
In contrast, the 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 32,467.10 points, traded at 32,414.09 points — up 11.72 points, or 0.04 per cent, from its previous close at 32,402.37.
The Sensex has so far touched a high of 32,499.88 points and a low of 32,399.84 during intra-day trade.
The BSE market breadth was bullish — 1,244 declines and 1,121 advances.
Healthy buying was witnessed in capital goods and healthcare stocks.
“Range bound movement continue in the benchmark indices on Wednesday, as investors awaited the outcome of the two-day Fed policy review later in the day,” Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.
“A weakness in the rupee and concerns over the war of words between the US and North Korea may also dampen the sentiment,” Desai added.
On Tuesday, the benchmark indices closed on a flat-to-negative note on the back of negative global cues along with huge outflow of foreign funds.
The Nifty50 closed at 10,147.55 points after touching a fresh high of 10,178.95 points during intra-day trade, while the Sensex closed at 32,402.37 points — down 21.39 points, or 0.07 per cent.
–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.