Delhi’s air quality improves at 318 AQI, likely to remain same for next few days

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New Delhi, Nov 15 | Delhi’s air quality on Monday marginally improved to ‘very poor’ with an overall AQI of 318 and is likely to remain the same for the next few days.

The city woke up to a misty Monday morning, with the maximum and minimum temperatures likely to hover around 27 degrees 10 degrees Celsius respectively, the India Meteorological data (IMD) showed.

The relative humidity at 8.30 a.m. was recorded at 90 per cent. As per IMD, the maximum temperature of the national capital on Sunday stood at 28.1 degrees and the minimum at 10.3 per cent.

On the air quality front, Delhi’s overall AQI has improved marginally and has settled at ‘very poor’ at 318 from Saturday’s ‘severe’ and Sunday’s AQI of 330. The level of PM 10 and PM 2.5 pollutants in the air was 162 and 87, respectively, as per the System of Air Quality and Weather Forecasting And Research (SAFAR).

An AQI between zero and 50 is considered ‘good’, 51 and 100 ‘satisfactory’, 101 and 200 ‘moderate’, 201 and 300 ‘poor’, 301 and 400 ‘very poor’, then 401 and between 500 is considered ‘severe’.

The air quality is likely to deteriorate but remain in the ‘very poor’ category on November 15 and 16, SAFAR’s summary on air quality forecast mentioned.

“The outlook for the subsequent five days: The air quality is likely to remain in the upper end of the ‘Very Poor’ category. PM2.5 to be the predominant pollutant,” it added.

The effective farm fire count on Sunday stood at 3,445 and its contribution to Delhi’s PM2.5 was 12 per cent.

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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