Karnataka eases curbs in four more districts

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Bengaluru, June 22 | Karnataka on Tuesday decided to relax some Covid induced curbs in four more districts, where case positivity rate is still above 5 per cent but under control.

A notification issued here stated that all shops, except air conditioned shops, shopping complexes and shopping malls, and hotels in Chamarajanagar, Dakshin Kannada, Davangere, and Hassan can function till 1 p.m., until 5 a.m. of July 5.

The entire unlocking process began with the state announcing relaxations in 17 districts, including Bengaluru, on Saturday and on Monday, including six more districts to this list, by allowing residents of these 23 districts to shop till 5 p.m., after a gap of 55 days of strict lockdown curbs.

These 23 districts, categorised as grade I districts, are Bagalkot, Ballari, Belagavi, Bidar, Bengaluru, Bengaluru Rural, Chitradurga, Chikkaballapur, Dharwad, Gadag, Haveri, Kalaburagi, Kolar, Koppala, Mandya, Raichur, Ramanagara, Shivamogga, Tumakuru, Udupi, Uttara Kannada, Vijayapura, and Yadgir.

In the remaining three districts that have positivity rate of over 5 per cent, the existing relaxations which were in place from June 11 will be applicable, allowing essential shops to be open till 12 noon.

Karnataka had imposed Covid induced restrictions from April 27 in view of the Covid second wave hitting the state badly and following a decline in infections in the state, went on to relax the curbs in a phased manner.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

On a weekly expiry day, Nifty opened on positive note and have a dip to make an intraday low at 15367.50 level but showed bounce back moment as managed to close at 15556.65 level with a gain of 143 points. Bank Nifty closed the session at 33135 level with a gain of 289.70 points. 45 Out of Nifty 50 ended in green which suggest broad based buying.

All the sectoral indices managed to close in green expect Energy while Nifty Auto was top gainer. Among Nifty Stock, MARUTI, EICHERMOT, HEROMOTOCO & M&M were the top gainers, While RELIANCE, COALINDIA, POWERGRID & GRASIM were the prima laggards. India VIX closed at 20.88 level with a loss of 1.97%. On Technical Front, The Nifty has formed bullish candle but faced resistance at 21 Four-Hourly Moving Average i.e., 15647 which suggest crossing above the same can show more upside rally.

Nifty has been trading in range of 15200-15700 level while breaching either side can suggest further direction of breakouts. Nifty has given above 50-Hourly Moving Averages which indicate it can show upside moment in the counter. On the Nifty OI Data, On the call side ,the highest OI witnessed at 16000 level while on the put side was at 15500 Niftg level followed by 15300 levels. The momentum indicators Stochastic is trading with a positive crossover on a daily chart which suggest northward journey in the Nifty.

The Nifty may find support around 15200 levels while on the upside 15700 may act as an immediate hurdle. On the other hand, Bank Nifty has support at 32300 levels while resistance at 33800 levels.

Overall, Sector specific momentum has been observed, crossing above 15700 Nifty can show more upside rally.

Market entering into buy on dips pattern.

Palak Kothari
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Source: Choice India

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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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