Nifty, Bank Nifty, Sensex in a downtrend – Thursday closing report

Nifty likely to head steadily lower


We had mentioned in Wednesday’s closing report that NSE’s CNX Nifty may move sideways but a close above 8,750 may pull the benchmark further higher. The 50-share index opened Thursday almost at this level and immediately rose higher. After hitting the day’s high, the benchmark moved lower. However, at around 2.25pm, it gave up all its strength and fell further. At the close of the session, Nifty hit its day’s low and closed near to it.
The S&P BSE Sensex opened at 28,805 while Nifty opened at 8,749. Both the indices hit a higher high at 28,979 and 8,788, respectively. Sensex hit a low of 28,412 and closed at 28,470 (down 152 points or 0.53%). Nifty moved lower to the level of 8,615 and closed at 8,635 (down 51 points or 0.59%). Bank Nifty too moved almost in the same manner. It opened at 19,346 and from the high of 19,373 fell to the low of 18,740 and closed at 18,811 (down 336 points or 1.76%). NSE recorded a volume of 85.71 crore shares. India VIX fell 2.03% to close at 15.1975.
The Indian government will reportedly table coal and mines bills in Rajya Sabha later in the day. The Ordinance replacement Bill related to auction of coalmines and mines and minerals will lapse on 5 April 2015 and will need to be replaced by the Bills by that time.
"If the Bill (Coal Mines) gets passed (in Rajya Sabha) then there would be auction of 15-20 coal blocks. It (the auction) will start in April-end or the first week of May," Coal Secretary Anil Swarup had said in an interview.
The OECD, in its latest Interim Economic Assessment of the world economy, said that India is expected to be the fastest-growing major economy in the world over the next two years.
After reviewing progress of various urban development programmes, Indian Prime Minister Narendra Modi had said that the economic growth model of a city should form an essential part of its smart city vision. 
The Indian rupee strengthened against the dollar and reached its highest in two weeks on Thursday.
Mutual fund houses have said that tax benefits for retirement solutions should be provided on the lines of the new pension system (NPS), as they are planning to enter pension funds sector in a big way. 
Coal India, the country’s largest coal producer, is likely to miss its output target of 507 million tonnes (MT) by over 10 MT in the current fiscal on account of various delays at the level of states in operationalising mines.
Coming back to Indian stock markets, Just Dial (10.73%) was the top gainer in ‘A’ group on the BSE. The gain was with a brokerage house maintaining its buy rating as it foresees the performance of the stock to continue to do well. PMC Fincorp (9.91%) which has been the top loser in the group in past two sessions was among the top two gainers today. Its board of directors will meet on 26 March 2015, to consider and pass the necessary resolution for an increase in the overall limit of investment by foreign institutional investors from the existing permitted limit of 24% to 49%.
KPIT Technologies (5.47%) was the top loser in ‘A’ group on the BSE. It reduced its March 2015 quarter guidance due to cross currency headwind.
State-run GAIL (2.19%) was the top gainer in the Sensex 30 pack, while Axis Bank (2.50%) was the top loser in the pack.
On Wednesday, US indices closed sharply higher. US Federal Reserve's policy statement indicated that the US central bank would move cautiously in lifting key interest rates. It said that the increase in interest rate may be considered only after the central bank is “reasonably confident” that inflation will return to its target and the job market improves further.
Except for Nikkei 225 (0.35%) all the other Asian indices closed up. Hang Seng (1.45%) was the top gainer.
European indices were showing mixed trading, while US Futures were trading in the red. German Chancellor Angela Merkel said on Thursday that the return of growth and a fall in unemployment levels in the euro zone showed that much progress had been made in the bloc, but the debt crisis had not been completely overcome.


Graft, poor governance behind antibiotic resistance globally
In a first of its kind research, Australian researchers have linked antibiotic resistance with poor governance and corruption around the world.
"We found that poor governance and higher levels of corruption are associated with higher levels of antibiotic resistance. It is a finding that will be surprising to most people in the field of medicine," said lead researcher professor Peter Collignon from the Australian National University's (ANU) School of Medicine.
The increase in antibiotic-resistant infections is one of the greatest threats facing modern medicine.
The research, published in the journal PLOS ONE, also found that a country's level of antibiotic resistance is not related to its wealth.
"Countries with higher levels of corruption often had less rigorous and less transparent processes, with less effective controls over areas pertinent to antibiotic resistance," said study co-author and associate professor Sanjaya Senanayake.
These include factors that affect antibiotic usage and the ways antibiotic-resistant bacteria spread via water, foods and poor infection control.
In countries with greater corruption, antibiotic usage may also be much higher than what is recorded.
"If governance and control of corruption can be improved, this can be an important factor in reversing high levels of antibiotic resistance," Senanayake noted.
The team also found resistance levels were higher when healthcare was performed by the private sector.
"This may be because clinicians in the private health system are subject to fewer controls when it comes to both the volumes and types of antibiotics used," Senanayake emphasised.
Poorer countries should not regard antibiotic resistance as an inevitable consequence of their financial situation, noted co-researcher professor Premachandra Athukorala.
"If governance and corruption issues can be better addressed, it is very likely that major reductions in levels of antibiotic resistance will result - this will also lead to many other benefits worldwide," he pointed out.
Antimicrobial resistance is an urgent global health priority.
The World Health Organisation (WHO) describes it as a looming crisis in which common and treatable infections are becoming life threatening.
The research suggests that addressing corruption and control of antibiotics could help lower antibiotic resistance and save lives.


'I have Parkinson’s but Parkinson’s will not have me'

PDMDS, under the leadership of Dr Maria Barretto, has devised an innovative approach in the treatment of Parkinson’s and is working towards improving the overall quality of life of its patients


The Parkinson’s Disease and Movement Disorder Society (PDMDS) was started by Dr BS Singhal in 2001 to improve the quality of life of people with Parkinson’s and their families. According to Dr Singhal, “In Parkinson’s disease, drugs can help but not to the full extent. Bringing people together in a support group with rehabilitation might give them a boost and way to live with the disability with the feeling that ‘I have Parkinson’s but Parkinson’s will not have me’!”
In Mumbai, Dr Singhal entrusted the work of PDMDS to Dr Maria Barretto as its chief executive officer. She has over 30 years of experience in the field of psychology and education and has been instrumental in taking a multi-disciplinary approach to Parkinson’s care in a group therapy format.
The focus of PDMDS’s work is providing treatment through support centres. This programme is conducted weekly at various locations. PDMDS currently conducts 15 support centres in Mumbai and Thane districts, one in Pune, two in Nashik, three in Goa, three in Gujarat and one in Hyderabad. As the disease progresses, members are unable to attend the programme. At that stage, PDMDS provides counselling and therapy at their homes. There are many who cannot afford the therapy. To reach out to them, PDMDS provides free medication and assistive devices. 
Dr Barretto has been the face of PDMDS, since her association with the organisation began in 2004. Moneylife Foundation honoured her on International Women’s Day (8 March 2015) for her outstanding contribution in the area of her specialisation. She was felicitated at the hands of Ms Nirmala Sitharaman, Union minister for commerce & industry.
Parkinson’s is a degenerative disorder of the central nervous system. The most obvious symptoms are movement-related and include involuntary tremors, shaking of limbs, rigidity, slowness of movement and difficulty with walking and gait. Later, cognitive and behavioural problems may arise; dementia commonly occurs at advanced stages of the disease, whereas depression is the most common psychiatric symptom. 
For those who fear that there is no treatment, the words of a patient may be comforting: “A handful of tablets are prescribed to control the symptoms.” The combination of medical treatment and group therapy works to: (a) improve and maintain flexibility, strength, coordination, balance and mobility; (b) bring independence in carrying out activities of daily living; and (c) help voice control and communication.  
Through the patient welfare programme, financial assistance is provided for medication and assistive devices such as canes, walkers or wheelchairs, based on the assessment and recommendation of the physiotherapist.
Dr Barretto says, “In the past 10 years of my career, I have been involved in developing and managing the Parkinson’s Society and I have gained much more than I have given. I have been blessed with a career that gives me the opportunity to be a part of the lives of people who have been challenged in different ways.” You too can join her effort and volunteer to work with PDMDS.
PDMDS is registered under the Bombay Public Trust Act of 1950, the Society Registration Act of 1860 and under the Foreign Contributions Regulation Act for receipt of foreign donations. Monetary donations are tax-exempt under Section 80G of the Income-Tax Act. 
6 Jasville, 1st Floor, Opp. Liberty Cinema, Marine Lines, Mumbai – 400 020
Tel: 022 - 22068787 / 22064747; 9820294311
Email: [email protected]; [email protected]




MG Warrier

2 years ago

Articles like this help readers familiarise with latest developments in certain areas of medical science. As those who really suffer such ailments have no access to websites or newspapers, the responsibility for sharing information is more on those who are healthy. Madhavan, Dr BM Hegde and Moneylife deserves special appreciation for their contribution in creating awareness about living a healthy life and ‘managing ill-health’. Perhaps, Moneylife could adapt an old bye-line of a steel producer and say, “Moneylife also talks about money!”

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