As air pollution worsens in Seoul, ultrafine dust advisory issued

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As air pollution worsens in Seoul, ultrafine dust advisory issued

Seoul, Nov 20 | An ultrafine dust advisory has been issued for all of Seoul for the first time in about six months, the metropolitan government said.

The advisory was issued on Friday as the hourly average density of ultrafine dust particles soared to 96 micrograms per cubic meter in 25 districts across the capital, according to the city-run Research Institute of Public Health and Environment.(Yonhap)

It was the first ultrafine dust advisory issued in Seoul since May 7.

The advisory is issued when the hourly average concentration of PM 2.5 — particles smaller than 2.5 micrometers in diameter — stay above 75 micrograms per cubic meter for over two hours.

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The authority issued another fine dust advisory at 9 p.m. (S. Korea time) as the city’s concentration of the PM 10 — particles smaller than 10 micrometers in diameter — stayed above 150 micrograms per cubic meter for over two hours.

The institute said the density of PM 2.5 and PM 10 have soared due to stagnant air flow under the influence of the high pressure located around the Korean Peninsula and the inflow of air pollutants.

It advised citizens with respiratory or cardiovascular diseases, the elderly and the weak and children to stay indoors if possible and wear a dust mask when they have to go outside.

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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