Stocks
Nifty, Sensex and Bank Nifty deeply oversold – Thursday closing report
Nifty remains weak, but it could make an effort to rally on Friday, after initial weakness
 
We had mentioned in Wednesday’s closing report that NSE’s CNX Nifty and S&P BSE Sensex were weak, but a sudden rally may be possible. Both the indices opened Thursday in the red, following a sharp decline in the US markets previous night and witnessed a gradual fall without much of a struggle to revive. The fall became stronger in the last few minutes of the session, when the indices plunged to hit its lowest since 14 January 2015.
 
The Sensex opened at 27,938 while the Nifty opened at 8,475. After hitting the high at the beginning of the session at 27,997 and 8,499, both Sensex and Nifty moved lower to hit a low at 27,385 and 8,325, respectively. Sensex closed at 27,458 (down 654 points or 2.33%), while Nifty closed at 8,342 (down 189 points or 2.21%). Bank Nifty too followed the same trading pattern. It opened at 18,139 and moved from the high of 18,224 to 17,729 and closed at 17,832 (down 478 points or 2.61%). NSE recorded a volume of 94.77 crore shares. India VIX rose 15.37% to close at 15.1625. Today, NSE futures and options segment expired for March 2015 series.
 
The Cabinet Committee on Economic Affairs (CCEA) approved reviving of and improving utilisation of the stranded gas-based power generation capacity in India. The mechanism envisages sacrifices to be made collectively by all stakeholders, including the Central and State Governments, by way of exemptions from certain applicable taxes and levies on the incremental RLNG being imported for the purpose. Besides, gas transporters and re-gasification terminals have agreed to reduce their transportation tariff, marketing margin and re-gasification charges on the incremental RLNG. Power developers would completely forego the return on their equity. With this arrangement, electricity generation in the country would be enhanced significantly by around 79 billion units, valued at about Rs42,000 crore, CCEA added.
 
Finance Minister Arun Jaitley had said that the union government hopes to pass the Constitution Amendment Bill for the introduction of a nationwide Goods and Services Tax (GST) in the country during the second half of the Budget session of the parliament which begins on 20 April 2015.
 
Banks will be shut for almost a week starting 28th March due to holidays and annual closing of accounts for the financial year.
 
The Supreme Court has allowed the government to conclude the auction of telecom airwaves and collect initial payments from operators. The government raised a record $17.6 billion from its sale of mobile airwaves in four spectrum bands, after a 19-day auction that ended on Wednesday. While the government has raised a lot of revenues, the "Telecom industry, which was already saddled with nearly Rs2.5 lakh crore, is now going to helplessly see it mount to nearly Rs3.5 lakh crore," Assocham Telecom Council Chairman TV Ramachandran said in a statement.
 
The government is hopeful that Coal India will surpass its one billion tonne excavation target by 2020. However, it may miss its output target of 507 million tonnes (MT) by 10 MT, during the current fiscal, on account of various delays in operationalising mines.
 
The Revenue Department has made public the names of 18 tax defaulters who collectively owe over Rs500 crore to the exchequer. Out of the 18 defaulters, 11 are Gujarat-based.
 
The US and India are planning to launch negotiations to sign a high quality bilateral investment treaty to create an enabling business environment in India.
 
Coming back to the Indian stock market, Amtek Auto (6.21%) was the top gainer in ‘A’ group on the BSE. The stock hit its 52-week low on Tuesday. It was in the news for its plans to acquire TRW Automotive Holdings Corp.’s suspension business. TRW is based in the Detroit suburb of Livonia. Vakrangee (9.08%) was the top loser in ‘A’ group on the BSE. Bharti Airtel (0.98%) was the top gainer in the Sensex 30 pack, while HDFC (5.32%) was the top loser in the pack. It was also among the top two losers in the ‘A’ group on the BSE.
 
On Wednesday, US stock markets closed in the red. US economic data released yesterday raised concerns about US growth.
 
Except for Shanghai Composite (0.58%) and Straits Times (0.37%) all the other Asian indices closed in the red. Nikkei 225 (1.39%) was the top loser.
 
US business investment spending plans fell for a sixth straight month in February. The Commerce Department said yesterday that non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, dropped 1.4% in February after a revised 0.1% dip in January. European indices were trading deeply in the red so were the US Futures.
 

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Eight oils that can heal your body
Using an adequate amount of the right kinds of fats and oils can play a pivotal role in slowing down the ageing of your body.
 
Good fats provide the body with fuel alongside the feeling of fullness. These can also stimulate fat burning.
 
Studies show the value of supplementing our diet with additional essential fats to prevent and treat a broad spectrum of diseases. 
 
Distinguishing good fats from bad fats can be tricky, so here are the top eight healthy fats and oils, reports femalefirst.co.uk.
 
* Coconut Oil: It has rightly earned the title of a 'superfood' and it is consumed in large amounts by some of the healthiest populations around the world. It is also brilliant for those looking to lose or maintain their weight. The fatty acids in coconut oil have been shown to speed up overall metabolism, helping people expend more energy compared with long-chain fats. 
 
It can also help with neurological disorders and can significantly benefit common skin issues. It also helps in reducing scars and marks on the body.
 
* Borage Oil: Borage seed oil has one of the highest amounts of linolenic acid and is widely used as an anti-inflammatory support for a number of conditions including eczema, psoriasis and rheumatoid arthritis. It can be hard to track down, so try taking it in supplement format.
 
* Hemp Seed Oil: Hemp oil or hempseed oil is obtained by pressing hemp seeds. It is named to be nature's perfect food due to its balanced concentrations of Omega fatty acids 3, 6 and 9. Studies have shown it can help support heart health and promote proper cardiovascular function. It has a beneficial effect on hair, skin and nails, with people who regularly use and consume hemp oil reporting thicker and shinier hair, softer skin and stronger nails.
 
* Flax Seed Oil: This oil contains the highest concentration of Omega 3 fatty acids and the right amount of consumption has been shown to improve cardiovascular health as well as exhibiting chemo-preventative effects against colon tumour developments.
 
* Pumpkin Seed Oil: A great one for both men and women, research has found that it can significantly help improve prostate health due to its richness in zinc, and also help women with menopause as it can decrease blood pressure, hot flushes, headaches and other menopausal symptoms.
 
* Avocado Oil: This is known for its skin-boosting effects. In addition to its nourishing, moisturising and protective fats, it also contains significant levels of antioxidants, such as Vitamin E, which help keep skin supple and smooth.
 
* Omega 3 Fish Oil: Arguably the best type of fat, the fats produced by oily fish contain the highest concentrations of Omega 3 fatty acids which is proven to make a positive difference to heart and brain health as well as improving the skeletal system. 
 
* Olive Oil: It is an integral part of the traditional 'Mediterranean Diet' which is associated with vitality, longevity and low incidence of chronic disease. Olive oil is prized for its health-promoting properties and is particularly helpful in promoting optimal cardiovascular function, maintaining good blood flow and bettering cognitive function.

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Common bacteria becoming antibiotic-resistant superbugs
Antibiotic-resistant strains of bacteria frequently implicated in respiratory and urinary infections in hospital settings could easily spread from one geographic region to another, shows a new study led by an Indian-origin scientist.
 
The study published online in the journal Emerging Infectious Diseases showed that two genes that confer resistance against a particularly strong class of antibiotics can be shared easily among a family of bacteria.
 
"I do not think it is overstating the case to say that for certain types of infections, we may be looking at the start of the post-antibiotic era, a time when most of the antibiotics we rely on to treat bacterial infections are no longer effective," said senior author Gautam Dantas, associate professor at the Washington University School of Medicine in St. Louis.
 
The researchers studied a family of bacteria called Enterobacteriaceae, which includes E. coli, Klebsiella pneumoniae and Enterobacter.
 
Drug-resistant germs in this family of bacteria recently infected several patients at two Los Angeles hospitals.
 
The infections have been linked to medical scopes believed to have been contaminated with bacteria that can resist carbapenems, potent antibiotics that are supposed to be used only in gravely ill patients or those infected by resistant bacteria.
 
Two genes are primarily responsible for carbapenem-resistant versions of these disease-causing bacteria.
 
One gene, KPC, was detected in New York in 2001 and quickly spread around most of the world, with the exception of India, Pakistan and other South Asian countries.
 
A second carbapenem resistance gene, NDM-1, was identified in 2006 in New Delhi, India.
 
Dantas and his collaborators were curious about why the two resistance genes seemed to be geographically exclusive.
 
For the study, they compared the genomes of carbapenem-resistant bacteria isolated in the United States with those of carbapenem-resistant bacteria isolated in Pakistan.
 
The researchers found that bacteria from the two regions were not genetically different.
 
The bacteria's high genetic similarity suggests that the antibiotic resistance genes could be shared easily between bacteria from the two geographic regions, they noted.

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