Australia jolted by Indonesian earthquake


Canberra, Dec 30 | Parts of northern Australia was jolted by a 7.4-magnitude earthquake that hit off the coast of Indonesia on Thursday, with no immediate reports of damage or injuries.

The tremor was felt at about 3.55 a.m. in Darwin, capital of Northern Territory, Xinhua news agency quoted the local media reports as saying.

There was no tsunami threat, said the Australian Bureau of Meteorology on Twitter.

Many local residents were waken up by the shake.

“I woke up at about 4 a.m. at the strong quake, which then lasted for another 20 seconds,” Ben, a Darwin resident, told Xinhua.

“I could hear dogs barking and my neighbours getting up as well.”

Some people took to social media to talk about the quake.

“The ground just shook for a full minute in Darwin,” Zizi Averill tweeted. “Nothing like a possible 4am earthquake to remind you 2021 isn’t done with us yet.”

“It was a long earthquake and quite strong, too, but for some reason, not many people in our building fled to the lobby,” said Jacinth Tome.

The Australian Broadcasting Corporation (ABC) said no damage or injuries were reported yet.

The ABC quoted Geoscience Australia senior seismologist Hadi Ghasemi as saying that their modelling and first reports all suggested a “moderate to light level of ground shaking”.

“We don’t expect any damage to well-built structures,” said Ghasemi.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.

While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.

Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.

Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.

On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India



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