377 apprehended in S.Korea for disputing over Covid rules


Seoul, Nov 11 | A total of 377 people in South Korea have been apprehended on charges of using violence in disputes over Covid-19 rules between September and October, police said on Thursday.

Of them, 265 used violence in mask-wearing disputes, followed by 73 accused of assaulting business owners or employees in disputes over operating hours or gathering size limits, Yonhap News Agency quoted the police as saying.

The remaining 39 were apprehended for blackmailing or extorting goods from small business owners by threatening to report their violations of social distancing rules to authorities or threatening and assaulting public servants conducting crackdowns on incompliance with virus rules.

The total number of people apprehended for violent actions, including those connected to conflicts over virus rules, stood at 19,210 over the same period.

“To secure people’s safety in their daily lives and stably carry out the ‘living with Covid-19 scheme’ so as to gradually return to normalcy, the police will sternly clamp down on chronic everyday violence and violent behaviours hampering antivirus efforts,” a police official said.

Source: IANS

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Share Market Closing Bell: Nifty ends around 15,800, Sensex tanks 1,416 pts

Share Market Closing Bell: Nifty ends around 15,800, Sensex tanks 1,416 pts

On the back of Global Clues and SGX, Nifty opened on a gap down note & continued downside momentum throughout the day and closed the session at 15809.40 level with a loss of 430.90. However, Bank nifty closed the session at 33315.65 level with a loss of 848.05 points.

India VIX closed at 24.56 up by 10.13% which is a sign of more volatility in upcoming sessions.47 stocks out of NIFTY 50 closed in RED which suggest broad based selling. All the sectoral indices were ended in the red with metal, IT indices down 4-5 percent.

Despite one way fall, Stocks like ITC, DRREDDY, POWERGRID were the top gainers, While WIPRO, HCLTECH, INFY, TCS & TECHM were prime losers. On a daily chart, Nifty has formed a Bearish candle which indicates downside momentum for an upcoming session. Moreover, Nifty is showing support from horizontal line i.e., 15750 levels which is make or break level. In addition, Nifty has been sustained above the 21-Monthly Moving Average which indicates a bounce back from lower levels can be seen.

However, the momentum indicators MACD & Stochastic were trading with a negative crossover & trading in oversold zone which is a sign of sideways to negative trend in Nifty. The Nifty may find Strong support around 15700 levels, breaching below it can show more downside till 15500 levels while on the upside 16000 may act as an immediate hurdle. On the other hand, Bank nifty has support at 32800 levels while resistance at 34500 levels.

Palak Kothari
Research Associate
Choice Broking

Source: Choice India


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