Germany’s Covid incidence rate rises to all-time high

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Berlin, Nov 10 | Germany’s seven-day Covid-19 incidence rate continued to rise to a new all-time high of 213.7 cases per 1,00,000 inhabitants, the Robert Koch Institute (RKI) for infectious diseases has said.

On Monday, the incidence rate was already at a record high of 201.1. The previous peak — just below 200 — was registered during the second Covid-19 wave in December last year.

The daily number of Covid-19 cases also continued to rise as 21,832 new infections were registered within one day, around 11,000 more than a week earlier, Xinhua news agency reported.

According to the German Intensive Care Availability Register (DIVI), the number of Covid-19 patients requiring treatment in intensive care units (ICUs) also kept climbing and reached 2,687 on Tuesday.

In the capital Berlin, the Charite University Hospital started to cancel all scheduled procedures. The rising number of Covid-19 patients made this step necessary, a spokesperson said.

“Everyone must now work together,” German Chancellery Minister Helge Braun told the public broadcaster ARD on Tuesday, reiterating the need for mandatory testing and the better organization of booster vaccination by the federal and state governments.

“We still need to achieve around 20 million booster vaccinations by Christmas,” Braun said. According to the RKI, only 2.8 million people in Germany have received additional booster shots so far.

Although Germany is far from achieving herd immunity, its vaccination campaign has slowed down. As of Monday, around 55.9 million people had been fully vaccinated against Covid-19, bringing the country’s vaccination rate to 67.2 percent, according to the RKI.

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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