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Profit booking subdues equities, new intra-day high for Sensex (Third Lead)

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Mumbai, Nov 7 (IANS) Key Indian equity indices on Tuesday provisionally closed on a subdued note, with the BSE Sensex shedding over 350 points and the NSE Nifty over 100 points.

According to market observers, a surge in oil prices and heavy selling pressure in index heavyweights like Lupin, Cipla, Bharti Airtel, State Bank of India and ONGC, among others, pulled the benchmarks lower to close with substantial losses.

However, the S&P BSE IT and Teck (media, entertainment and technology) indices ended with gains.

The slide in the markets came after the barometer 30-scrip Sensitive Index (Sensex) of the BSE touched its new record intra-day high of 33,865.95 points.

The BSE Sensex provisionally closed (at 3.30 p.m.) lower by 360.43 points or 1.07 per cent at 33,370.76 points.

On closing basis, the wider Nifty50 of the National Stock Exchange declined by 101.65 points or 0.97 per cent to 10,350.15 points.

The BSE market breadth was bearish — 1,891 declines and 862 advances.

“Indian shares, bonds and the rupee fell on Tuesday after oil prices surged overnight to their highest since mid-2015, raising concerns about the inflation outlook and hit major oil refiners stocks,” Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.

On Monday, the benchmark indices closed on a flat note. The Nifty50 was down 0.70 points, or 0.01 per cent, to close at 10,451.80 points, while the Sensex of the BSE closed trade at 33,731.19 points — up 45.63 points or 0.14 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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