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Equities trade flat-to-positive; consumer durables stocks surge (Lead)

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Mumbai, Sep 5 (IANS) Key Indian equity indices — the NSE Nifty50 and the BSE Sensex — pared their morning gains to trade on a flat-to-positive note during the mid-afternoon session on Tuesday, with healthy buying witnessed in consumer durables, banking and oil and gas stocks.

According to market observers, broadly negative global cues on the back of escalating geo-political tensions hampered investors’ risk-taking appetite.

At 1.10 p.m., the wider 51-scrip Nifty50 of the National Stock Exchange (NSE) was up 12 points, or 0.12 per cent, to trade at 9,924.85 points.

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,755.16 points, traded at 31,734.72 points — up 32.47 points or 0.10 per cent from its previous close at 31,702.25 points.

The Sensex has so far touched a high of 31,819.99 points and a low of 31,674.23 points during intra-day trade.

The BSE market breadth was bullish with 1,493 advances and 884 declines.

“The markets were trading higher on Tuesday morning even as Asian markets remained under pressure in the wake of North Korea’s most powerful nuclear test at the weekend, while safe havens such as gold remained firm. US markets were closed on Monday for Labour Day, and European markets extended a sell-off that started in Asia on the previous day,” Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.

“The shares of M&M, Power Grid, Sun Pharma rose, whereas the shares of Hero MotoCorp and Adani Ports fell. Volatility index India (VIX) jumped the most in over nine months on Monday on geo-political tensions,” he added.

On Monday, the benchmark indices closed on a lower note on the back of negative global cues and heavy selling pressure in auto and banking stocks.

The Nifty50 fell by 61.55 points, or 0.62 per cent, to close at 9,912.85 points, while the Sensex witnessed a fall of over 300-points during the day’s trade to close at 31,702.25 points — down 189.98 points or 0.60 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

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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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