Karnataka to resume inter-state bus service to Kerala

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Bengaluru, July 9 | The Karnataka State Road Transport Corporation (KSRTC) would resume inter-state bus service to Kerala from July 12 after suspending it for over 2 months due to Covid-induced lockdown, an official said on Thursday.

“With the easing of restrictions under unlock 3.0 since July 5 on movement of people and vehicles to and from neighbouring states, we have decided to resume our bus service to cities and towns across Kerala,” said a corporation official in a statement here.

Amid the pandemic’s second wave since April, the state-run KSRTC suspended inter-state bus services to contain the virus spread.

“Our services will resume from Bengaluru, Mangaluru, Mysuru and Puttur in the state to select places in Kerala under the standard operation procedure to ensure passengers follow the Covid appropriate behaviour,” said the official.

In view of higher number of Covid cases in the neighbouring state daily, the corporation has made 72-hour negative test report mandatory for passengers coming into Karnataka from Kerala.

“Passengers who have received even one dose of the vaccine should carry its certificate before boarding our inter-state buses,” said official.

Students and others in Kerala visiting Karnataka daily for education, business and other reasons have to undergo RT-PCR test once in 15 days and possess a negative Covid test report.

Wearing face mask, washing hands and maintaining physical distance have been made compulsory for inter-state travellers.

Source: IANS

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Share Market Closing Bell: Market ends marginally lower amid volatility

Share Market Closing Bell: Market ends marginally lower amid volatility

Dalal Street witnessed tug of war between bulls and bears as Sensex settled at 54208.53 losing 109 points or 0.20 percent and Nifty ended at 16240.30 with loss of 19 points. Bank nifty closed the session at 34163.70 levels with loss of 138 point after erasing early session gain.

BSE Midcap and BSE Small cap indices turned flat after rising around half a percent each. On the sectorial front, Nifty Pharma and FMCG have contributed a percent each on a closing basis. On the flip side Nifty Realty, Nifty PSE ended with losses of 1.75 percent and 1.73 respectively. In Nifty stocks, TATACONSUM, CIPLA and ADANI PORT were the top gainers while POWERGRID, BPCL and TECHM were the prime laggards.

In the daily chart Nifty has ended with a bearish candle. However 16200 levels are protected throughout the day. Index might face high volatility on weekly expiry day. Riding against the trend may not be beneficial for short term traders. According to volume profile 16100 and 16000 may act as immediate support.

Indicators such as MACD and RSI are still struggling to overcome from oversold zone in the daily time frame. From the time cycle prospect Index would remain highly volatile till 27th May of this month. Bollinger band indicates 16650 would remain strong resistance in coming days. On the other hand, Bank nifty has support at 33400 levels while resistance at 35000 levels.

Om Mehra
Research Associate
Choice Broking

Source: Choice India

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