Delhi reports 33 fresh Covid cases, one death


New Delhi, Oct 2 | The national capital on Saturday recorded 33 fresh Covid-19 cases, taking the overall caseload to 14,38,933. Besides, one death was also reported in the last 24 hours, the Health Department said.

With the addition of one new fatality, the city’s death toll has climbed to 25,088.

The fatality rate continues to be at 1.74 per cent.

The Covid infection rate in the national capital stands at 0.05 per cent, while the active case tally has gone up to 383, with 58 patients recovering in the last 24 hours to take the total number of recoveries to 14,13,462 so far, the Health Department said.

A total of 110 Covid patients are currently being treated in home isolation.

With 98.23 per cent Covid recovery rate, the active Covid cases rate in Delhi stands at 0.026 per cent.

Meanwhile, a total of 68,362 new tests — 47,870 RT-PCR tests and 20,492 Rapid Antigen — were conducted in the last 24 hours, taking the total number of tests to 2,78,05,529.

Currently, there are 97 containment zones in the city.

Of the total 1,86,140 vaccines administered in the last 24 hours, 75,505 were first doses and 1,10,635 second doses. The total number of cumulative beneficiaries vaccinated so far stands at 1,80,65, 900, the health bulletin said.

Source: IANS

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Share Market Closing Bell: Sensex drops 643 pts and Nifty50 gives up 16,250 as market fails in last 30 minutes

Share Market Closing Bell: Sensex drops 643 pts and Nifty50 gives up 16,250 as market fails in last 30 minutes

The benchmark index opened flat on Monday and decent buying was observed across the sectors in the first half but in the second session sellers dominated and wiped out all intraday gain.

However, the Metal sector witnessed the worst fall in this year. Nifty ended at 16214.70 losing 51 points or 0.32 percent. While Banknifty closes at 34247.60 with a loss of 28.8 points. Among sectors Nifty AUTO and Nifty IT gained 1.84 & 1 percent respectively. While Nifty Metal sheds the most with 8.14 percent followed by Nifty commodity and Nifty PSE 2 % each.

Global market lacked any clear direction, showing a tendency to move sideways. In Nifty Stocks like M&M, MARUTI and HINDUNILVR were the top gainers while JSWSTEEL, TATASTEEL and DIVISLAB were the prime laggards. INDIA VIX settled at 23.40 indicates volatility can drive either side till monthly expiry.

Investors awaited the last leg of financial results for a clear trend as well. Technically, Nifty has formed a bearish candlestick on the daily timeframe. Bulls remain in trap as from the past week no continuous day, index is closed in green. From the hourly chart, Nifty has formed a triple top pattern suggesting weakness amid coming days, however view negated closing and sustaining above 16400 levels. Indicators such as RSI still remained in the oversold zone while MACD also suggests weakness ahead.

Till now or in the month of May FII have sold almost 44,102 crore while DII have bought 36,208 crore. The Nifty may find support around 16000 levels followed by 15850 while on the upside 16500 may act as an immediate hurdle. On the other hand, Bank nifty has support at 33500 , while resistance is placed at 35200 levels.

Om Mehra
Research Associate
Choice Broking

Source: Choice India


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