Liquor worth Rs 150 cr sold in Kerala during Christmas

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Thiruvananthapuram, Dec 27 | Liquor worth Rs 150.38 crore was sold during Christmas (December 24 and 25) in Kerala, according to figures issued by the Kerala State Beverages Corporation (BEVCO).

BEVCO controls the retail sales of Indian Made Foreign Liquor (IMFL) and beer in the state.

According to the Corporation, on Christmas eve (December 24) BEVCO outlets accounted for sale of liquor and beer worth Rs 65.88, while Kerala State Cooperatives Consumers’ Federation (Consumerfed) outlets sold Rs 11.5 crore.

Likewise the next day while BEVCO recorded sales of Rs 65 crore, Consumerfed accounted for Rs 8 crore.

Incidentally the BEVCO outlet at the heart of the state capital city Power House road on December 24 sold a record Rs 73 lakhs worth of liquor.

An earlier study had revealed that around 32.9 lakh people out of the 3.34 crore population in the state consume liquor, which includes 29.8 lakh men and 3.1 lakh women.

Around five lakh people in Kerala consume liquor on a daily basis.

Of this, around 83,851 people including 1,043 women are addicted to alcohol, according to state government statistics.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.

While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.

Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.

Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.

On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

 

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