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Profit booking pulls equity indices lower (Lead)

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Mumbai, Jan 24 (IANS) After five consecutive sessions of gains, the key Indian equity indices on Wednesday traded on a flat note with marginal losses as investors booked profits in consumer durables, metals and capital goods stocks.

According to market observers, mixed Asian cues along with caution ahead of derivatives expiry on Thursday led to the gloom mood in the market.

The broader Nifty50 of the National Stock Exchange (NSE) crossed the 11,100-mark on an intra-day basis and scaled a fresh high of 11,110.10 points.

Around 12.50 p.m., the Nifty50 traded lower by 24.45 points or 0.22 per cent at 11,059.25 points.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 36,161.62 points, traded at 36,102.29 points — down 37.69 points or 0.10 per cent from its Tuesday’s close.

The Sensex scaled a new high of 36,268.19 points during the intra-day trade.

The BSE market breadth was bearish as 1,899 stocks declined as against 854 advances.

“Indian shares opened mixed on Wednesday on profit taking — after scaling record highs in previous session — ahead of futures and option (F&O) January series expiry tomorrow amid truncated week,” Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.

“Asian shares traded mixed following the US markets closing higher as investors stateside focused on earnings release,” said Desai.

On Wednesday, the benchmark indices scaled record highs with the BSE Sensex closing above the 36,000-mark and the NSE Nifty50 above the 11,000-mark for the first time.

The Sensex recorded an intra-day high of 36,170.83 points and closed at new high of 36,139.98 points.

The NSE Nifty50 closed at a fresh high of 11,083.70 points, after scaling an intra-day high of 11,092.90 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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