German Health Minister calls for more measures against Covid

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Berlin, Nov 13 | In the wake of record Covid-19 infection figures in Germany, Minister of Health Jens Spahn has called for additional measures to contain the further spread of the virus.

Daily infections stayed near the 50,000-mark which was exceeded for the first time since the pandemic on Thursday, reports Xinhua news agency.

The Robert Koch Institute (RKI) reported 48,640 new Covid cases in the last 24 hours, which increased the overall infection tally to 4,974,112.

The death toll currently stood at 98,050.

Germany now has to “do everything necessary to break this momentum”, Spahn told reporters here.

“Otherwise, it will be a bitter December for the entire country,” he added

The seven-day Covid-19 incidence rate kept rising to new record levels and reached 263.7 cases per 100,000 inhabitants on Friday, compared with 169.9 a week ago, according to the RKI.

“If we want to break the fourth wave, we have to act more decisively,” said Spahn, suggesting the introduction of so-called 2G Plus for public events, which means that vaccinated and recovered people would have to present a negative test in order to attend an event.

According to the German Intensive Care Availability Register (DIVI), the number of Covid-19 patients requiring treatment in intensive care units (ICUs) reached 2,863 on Friday, but still below the peak of around 5,700 during the height of the second wave last year.

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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