Sensex snaps 7-day rally; sheds 85 pts

Snapping a seven-day long rally, the Bombay Stock Exchange benchmark Sensex ended lower by 84 points on emergence of profit-booking amid the Reserve Bank increasing key policy rates.

The 30-share Sensex pared 135 points it gained during the day and closed 84.62 points lower at 19,417.49.

The broad-based National Stock Exchange index Nifty fell by 32.25 points at 5,828.70, after touching the day's high of 5,901.65 points. The Nifty crossed 5,900 points for the first time in 32 months.

In 30-BSE index components, 19 stocks fell and 10 gained, while ITC Ltd remained unchanged. Market leaders Reliance Industries and Infosys Technologies registered losses.

Reliance Industries fell by Rs 9.55 to Rs 1,000.90 and second-heaviest Infosys Technologies by Rs 82.35 to Rs 2,967.80. The two carry nearly 23 per cent weight on the Sensex.

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India to launch four satellites in December

Chennai: The Indian Space Research Organization (ISRO) is gearing up to launch four satellites within a span of one week in December, a top space scientist said on Tuesday.

"We will be launching the satellites this December. Currently the two rockets are being assembled," Vikram Sarabhai Space Centre (VSSC) director P.S. Veeraghavan told reporters on the sidelines of a function here.

The two rockets that will fly towards the heavens are the polar satellite launch vehicle (PSLV) and the heavier geosynchronous satellite launch vehicle (GSLV).

According to Veeraghavan, the PSLV will carry three payloads -Resourcesat and two small satellites each weighing around 90 kg made in Singapore and Russia.

The GSLV will launch the INSAT series communication satellite.

Veeraghavan said the space agency is working towards the goal of doubling the number of rocket launches to eight per year.

He said the agency earns around Rs.1,000 crore from selling remote sensing data.

Earlier, at a function, Veeraghavan received the next generation strap on motor case - the PSOM-XL empty shell - fabricated by Ramakrishna Engineering Company that will be fitted on next generation PSLV rockets.

Strap-on motors are additional motors hugging the PSLV rocket to provide additional upward thrust during the initial stages of launch. IANS

Three people from India infected with 'superbug': US group

BOSTON: Three people, who returned to the US from India earlier this year, have been infected with the "superbug" that are highly resistant to antibiotics, the US Centers for Disease Control and Prevention has said. All three confirmed US cases - in Massachusetts, California and Illinois - involved people who had received medical care in India.

A person infected with the 'superbug' was treated earlier this year at Massachusetts General Hospital and isolated, a move that helped prevent the germ from spreading.

The patient had recently travelled from India.

The Illinois patient too recovered, and there is no evidence the infection was transmitted to other people.
The US Centers for Disease Control and Prevention said the Massachusetts patient survived, as did the only other two US patients with infections.

All three patients developed urinary tract infections that carried a genetic feature that made their cases harder to treat.

The superbug, also known as NDM-1 - short for New Delhi metallo-beta-lactamase -– allows bacteria to escape some of the strongest antibiotics available.

"It leaves treating physicians with few treatment options," the Boston Globe quoted Alex Kallen, a CDC medical officer, as saying.

All three of the US patients had been in India, and two underwent medical procedures in hospitals while they were there, Kallen said.

The patient treated in Boston was an Indian citizen with cancer who had undergone surgery and chemotherapy in that country before coming to Massachusetts, Kallen added.

Cases of NDM-1 infections have been reported in Asia, Europe and Canada. Experts have said the threat posed by the germs in the US is most acute in hospitals.

"They don't cause infection in people walking down the street," said Dr Alfred DeMaria, top disease tracker for the Massachusetts Department of Public Health.

"If somebody is in an intensive care unit on a ventilator with a tube in their trachea, they are at risk for these organisms. If someone has had extensive abdominal surgery with lots of open wounds, they are at risk."

Only two antibiotics possess a measure of effectiveness against bacteria riddled with NDM-1, doctors said: an old drug called colistin, and tigecycline.

TOI

Arjun Munda wins trust vote in Jharkhand Assembl Read more: Arjun Munda wins trust vote in Jharkhand Assembly

RANCHI: The four-day-old Arjun Munda government in Jharkhand today won the trust vote in the 82-member Assembly by 15 votes.

Forty five members voted in favour of the BJP-led coalition and 30 against.

Deputy chief minister Hemant Soren moved the motion on behalf of the new ministry, which assumed office on September 11, ending the President's rule imposed on June 1.

The state plunged into a political crisis after BJP withdrew support from JMM when Shibu Soren cross-voted in the Lok Sabha during cut motions in the Budget session in April brought by BJP and Left parties.

After the BJP threatened to withdraw support, Soren agreed on sharing power on rotational basis but later went back on his word.

Soren resigned from the chief minister's post on May 30 following withdrawal of support by the BJP and the state came under President's Rule the following day.

Governor M O H Farooq had asked 42-year-old Munda to prove his majority on the floor of the Assembly within a week of assuming office.

TOI