Australia reports record new Covid amid raging 3rd wave

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Canberra, Sep 2 | Australia has reported another record number of 1,477 new Covid-19 cases on Thursday as the country continued to battle the raging third wave of the infections.

The new cases took the overall infection tally to 56,212, while the death toll stood at 1,012, reports Xinhua news agency.

It came as Australia surpassed 20 million coronavirus vaccine doses administered in a major milestone for the rollout.

Health Minister Greg Hunt announced that as of Thursday about 36.4 per cent of Australians aged 16 and over had been fully vaccinated.

“We’re not just on the way. We’re making real and significant progress,” Hunt said.

Despite a new record number of cases, Chief Medical Officer Paul Kelly said it was time for Australia to “learn to live” with the virus after some premiers of states abandoned the Covid-zero strategy.

“We’ve been saying that for a while now but this is the time we need to start to learn to live with this virus,” Kelly said.

“Within a few weeks we’ll have almost all if not all states at that 70 per cent first dose of vaccination. So we need to start balancing those things.”

Of the new cases reported on Thursday, 1,288 were from New South Wales (NSW), the epicentre of the current outbreak.

The Australian Capital Territory (ACT) reported 12 new cases on Thursday, only four of which were in quarantine for their entire infectious period.

ACT Chief Minister Andrew Barr admitted that Canberra was facing a “challenging” fight against the Delta variant but reiterated the goal of zero cases still achievable in the ACT.

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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