Why you should turn vegan this World Vegan Day

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By Siddharth Kothari
New Delhi, Nov 1 (IANSlife) The plant-based food movement is here to stay because it is good for health and cares for the wellness of the environment too.

The festival of lights Diwali is just around the corner. It is best remembered for the gifts that one gives and receives from people on this occasion. How about gifting something to one’s self? Veganism as a way of life is the best gift that one can think of. It bodes well for the body and also the environment at large.

Loaded with nutrition

It is commonly believed that animal-based foods and drinks are the healthiest options around because they supplement the diet with nutrients. In reality, it is the most common myth being perpetuated due to ignorance. There is a plethora of plant-based proteins, when included in the diet can do wonders for both personal as well as planetary health. Milk and other dairy products are marketed and consumed for being a good source of calcium and so healthy bones. In reality, milk and other dairy products are rich in saturated fats, which may contribute to heart disease, digestive issues like lactose intolerance, type 2 diabetes, and Alzheimer’s disease. Some of the studies have also linked dairy to an increased risk of breast, ovarian, and prostate cancers.

By staying away from meat, dairy, and fish, and choosing a vegan diet comprising fruits, vegetables, legumes, whole grains, beans, nuts, and seeds, is naturally rich in nutrients and low in saturated fats. Some may claim that these food items lack the necessary vitamins and minerals. The truth is that these vegan foods are not lacking but tend to lose their nutrient value because they are sanitized and processed before being packaged. Else, a bowl full of legumes or pulses can give one ample vitamin and minerals.

Green choice

Dairy products are not only unhealthy for human consumption but also gruesome for animals and the environment. Veganism is an ecologically sustainable dietary choice and promotes a greener and cleaner way of life.

The pandemic highlighted the link between food and health and encouraged a revaluation of consumer dietary choices. It also exposed the vulnerability of the meat and dairy industry. Animal meat consumption may have an overwhelming impact on those with underlying health conditions. Plant-based products can cater to this growing demand for a healthy substitute.

The shift in the consumer behavior can happen only if there’s a growing awareness about the pros of the shift. A vegan diet is a perfect recipe to deal with the threats and effects of climate change. Currently, almost 65 percent of India’s greenhouse gas emissions from agriculture come from livestock. Increasing awareness of the environmental impact of industrialized animal agriculture needs to percolate deep down in the minds of conscientious citizens who need to realize the enormous consequences of their food choices.

In 2019, the global plant-based food market is estimated to be valued at $12.1 billion. Research indicates that it will raise to $74.2 billion, over 6 times that amount, by 2027.

Inspired by the meteoric rise of plant-based food companies abroad, the plant and nut milk sector in India is gaining dominance and increasing its outreach. For the meat and dairy substitutes to become more prevalent, they can’t be limited to the privileged sector alone. To pitch the plant-based alternatives as to the future of food, there’s a need to make them affordable and accessible by all, and it is likely to happen as more plant-based companies get funding, and consumer demand turns up the volume on veganism, that in turn will lead to a vegan revolution in India. There is a lot of scope for innovation and experimentation in the plant-based food industry. Possibilities are galore indeed.

Be wise, choose the gift of a good, healthy diet this Diwali because caring for humans, animals and the planet should inspire you to turn Vegan.

(Siddharth Kothari is a socially conscious angel investor, chief investment strategist at Om Kothari Group and a vegan for more than ten years)

Source: IANS

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Weekly Technical Share Market Outlook

Weekly Technical Share Market Outlook

The Indian market recovered sharply on the last trading day amid the weekend after a continuous fall. Market has managed to halt above 16000 Nifty levels after continuous losing streak. Index reacted violently, grasping Indian as well as global factors throughout the week. Simultaneously, Inflation is catching up and profit margins are taking a hit.

 

Sensex advanced 1532 points or 2.90 percent while Nifty gained 484 points or 3.07 percent in a week. Simultaneously, Bank nifty has overcome bear’s dominance ending the session with 3.49 percent gain. Sectorally,Nifty Metal saw the highest gains of 7.40 percent followed by the Realty and Auto added over 4% gain. On the flip side Nifty IT tumbled 2.82 percent on weekly basis. Midcap and Small Cap measures rising nearly 2 percent as well.

In Nifty stock, EICHERMOT gained 11.31% while TECHM lost 5.98% on a weekly basis. INDIA VIX closes at 23.10 suggests volatility driven market is going to remain intact. Coming to the OI Data, on the call side highest OI witnessed at 17000 Nifty followed by 16800 Nifty strike price while on the put side, the highest OI was at 16000 Nifty followed by 15800 Nifty strike price. Technically, Nifty has formed a Tweezer Bottom type pattern in the weekly chart suggesting a short term buying rally may drive the market until monthly expiry. On the daily chart, price has rebounded from the lower Bollinger band as well.

Momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone. However, Index is still struggling to get the support of 50 Simple Moving Average in daily chart. Short term investors and traders are advised to work with option strategies to neutralize the volatility. Overall, Nifty is having support at 15700 mark while on the upside 16700 followed by 16500 may act as an immediate resistance. While Bank nifty has support around 32500 while resistance is placed at 36000 on weekly chart.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

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