Top News
Indian equities slip ahead of F&O expiry; metals, banks dip (Lead)
Mumbai, Sep 27 (IANS) Caution ahead of futures and options (F&O) expiry, coupled with prevailing tensions in the Korean Peninsula and profit booking, dragged the key Indian equity indices lower during the mid-afternoon trade session on Wednesday.
According to market observers, mixed Asian markets and heavy selling pressure in banking, metals and healthcare stocks hampered investors’ risk-taking appetite.
At 12.42 p.m., the wider 51-scrip Nifty of the National Stock Exchange (NSE) traded below the psychologically important 9,800-level at 9,790.80 points — down 80.70 points or 0.82 per cent, from its previous session’s close.
The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,785.24 points, traded at 31,327.74 points — down 272.02 points, or 0.86 per cent, from its previous day’s close at 31,599.76 points.
The Sensex has so far touched a high of 31,797.46 points and a low of 31,315.16 points during inta-day trade.
The BSE market breadth was bearish — with 1,491 declines and 815 advances.
“The benchmark indices extended losses on Wednesday with Nifty50 slipping below its crucial 9,850 mark ahead of the derivative expiry of September series due on Thursday. Mixed trend seen in Asian markets, which hovered near multi-week lows as tensions in the Korean peninsula remain elevated, also contributed to the losses,” Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.
“The dollar retained modest gains after US Federal Reserve chair Janet Yellen boosted expectations for an interest-rate rise in December and ahead of the US president laying out his tax-reform plan. Top gainers on the NSE were Ambuja Cements, Gail and Indian Oil, while top losers were Sun Pharma, Adani Ports and Hindustan Lever,” he added.
On Tuesday, the benchmark indices closed marginally in the red on the back of continuous outflow of foreign funds and selling pressure in telecom, Teck (technology, media and entertainment) and FMCG stocks. However, some losses were pared by healthy buying in metals and realty stocks.
The Nifty closed at 9,871.50 points — down 1.10 points or 0.01 per cent, while the Sensex closed at 31,599.76 points — down 26.87 points, or 0.08 per cent.
–IANS
ppg/vm
Top News
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.