India reports 26,041 new Covid cases, 276 deaths

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New Delhi, Sep 27 | India’s fresh Covid cases continued to decline as 26,041 new infections and 276 deaths were reported in the last 24 hours, the Ministry of Health and Family Welfare said on Monday.

The country on Sunday had reported 28,336 fresh Covid cases and 260 deaths. However, the death toll has reported a rise of 16 on Monday taking the total to 4,47,194, as per the data shared by the Union Health Ministry.

The active cases have seen a decline of total 3,856 cases in the last 24 hours, taking India’s active caseload to 2,99,620 which accounts for less than one per cent of the total Covid cases.The active cases in India is 0.89 per cent of the total cases.

India’s recovery rate from the ongoing pandemic currently stands at 97.78 per cent. As per the health bulletin, the number of daily recoveries from the pandemic have also registered a rise. The recovery of 29,621 patients in the last 24 hours has increased the cumulative tally of recovered patients to 3,29,31,972.

The weekly positive rate in India is less than 3 per cent for 94 days and currently stands at 1.94 per cent. However, the daily positivity rate is also less than 3 per cent from the last 28 days and presently stands at 2.24 per cent.

The testing capacity across the country continues to be expanded. The last 24 hours saw a total of 11,65,006 tests being conducted. India has so far conducted over 56.44 crore (56,44,08,251) cumulative tests.

Under the mass vaccination drive, a total of 38,18,362 vaccine doses were administered in the last 24 hours. India’s Covid-19 vaccination coverage has exceeded 86 crore and stands at 86,01,59,011 as per the provisional reports till 7 a.m. Monday. This has been achieved through 83,64,110 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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