India logs 11,903 Covid-19 cases in 24 hrs

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New Delhi, Nov 3 | India registered 11,903 fresh Covid-19 cases in the past 24 hours, the Ministry of Health and Family Welfare said on Wednesday.

In the same period, 311 new fatalities were reported, pushing the death toll to 4,59,191.

The recovery of 14,159 patients in the last 24 hours has increased the cumulative tally to 3,36,97,740. Consequently, the country’s recovery rate has increased to 98.22 per cent.

The active caseload stands at 1,51,209, the lowest in last 252 days.

Active cases presently constitute 0.44 per cent of the country’s total positive cases, the lowest since March 2020, the Ministry said.

Also in the same period, a total of 10,68,514 tests were conducted across the country.

India has so far conducted over 61.12 crore cumulative tests.

Meanwhile, the weekly positivity rate at 1.18 per cent has remained less than 2 per cent for the last 40 days now.

The daily positivity rate stands at 1.11 per cent, which has also remained below 2 per cent for last 30 days and less than 3 per cent for 65 consecutive days now.

With the administration of 41,16,230 vaccine doses in the last 24 hours, India’s Covid inoculation coverage has touched 107.29 crore as of Wednesday morning.

This has been achieved through 1,07,96,018 sessions.

Source: IANS

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Weekly Fundamental Market Outlook

Weekly Fundamental Market Outlook

Indian share market posted its first weekly gain in Jun by rising 2.7%.

This week, the Indian Stock Market rebounded strongly and ended with first weekly gain of 2.7% in June as a drop in commodity prices offered some relief from broadening inflationary pressures. Copper prices, which are often seen as a bellwether for economic output due to their wide range of industrial and construction uses, are heading for their worst week in a year, while oil prices have dropped over concerns of slumping demand.

While the US recessionary fears are still at the forefront, but the slide in commodity prices has lifted the mood of stock market.Cheaper oil is usually beneficial for oil-importing countries such as India.

Domestically, on sectorial basis, Auto and FMCG are the top gainers, while Metal index is the top losers. On stock basis, Hero MotoCorp, Eicher Motors, Hindustan Unilever, Maruti Suzuki and M&M were the top gainers and Tata steel, UPL, Reliance Industries, hindalco Inds and Coal India were the top losers.

In the next week, investors will keep a close eye on crude oil price movement, commodity prices, US economic activity and the geopolitical development.

 

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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