K’taka to focus on increasing Covid tests in rural areas

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Bengaluru, May 25 | In the wake of a surge in the number of Covid and black fungus cases in the rural parts of the state, Karnataka Chief Minister B.S. Yediyruappa said on Tuesday that ministers and health officials must take steps to increase the number of Covid tests in these areas by encouraging people to get themselves tested, especially those hesitant to go for tests.

After holding a meeting with the concerned ministers and officials, Yediyurappa said, “We have to implement this plan with a single minded focus. At the same time, the bureaucrats at the grassroots level must act sympathetically with those people in the rural areas who are refusing to undergo tests.”

The CM said the state cannot be oblivious to the fact that cases in rural areas are surging like never before, and it must be contained.

On rising black fungus cases in rural areas, Yediyurappa said the health department must have all the discharge protocols in place to fight this deadly infection.

“Although this is not an unknown infection, the government and its entire machinery must be equipped to contain this infection,” he said, adding that instructions have also given to set up special wards in all the districts for the treatment of black fungus.

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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