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DIIs inflows, global cues lift Indian equities (Lead)

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Mumbai, Sep 29 (IANS) Continous pumping in of funds by domestic institutional investors (DIIs), coupled with broadly positive global cues and healthy buying in automobile, oil and gas, and metal stocks, lifted the key Indian equity indices for the second consecutive trade session on Friday.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) reclaimed the psychologically important 9,800-mark to trade at 9,835.45 points — up 66.50 points or 0.68 per cent (at 1.10 p.m.).

The 30-scrip Sensitive Index of the BSE, which opened at 31,367.25 points, traded at 31,466.60 points — up 184.12 points, or 0.59 per cent, from its previous close at 31,282.48 points.

The Sensex has so far touched a high of 31,488.87 points and a low of 31,358.98 points during intra-day trade.

The BSE market breadth was bullish — with 1,744 advances and 585 declines.

“Markets opened strong on Friday as the Sensex jumped over 170 points and the Nifty recaptured the 9,800 mark on continued buying support from DIIs. The October derivatives series got off the ground on a solid footing,” said Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.

“All sectoral indices including realty, metal and oil and gas made gains, rising up to 2.71 per cent. DIIs bought shares worth Rs 5,196.60 crore on Friday, as per provisional data.”

According to Desai, investors were seen creating new positions following the beginning of the October futures and options series that lifted the key indices.

On Thursday, the benchmark indices broke a seven-day-long losing streak to close in the green on the back of positive European markets and bargain hunting.

The Nifty50 rose by 33.20 points or 0.34 per cent to close at 9,768.95 points, while the Sensex closed higher by 122.67 points, or 0.39 per cent, at 31,282.48 points.

–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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