Lockdown extended in Karnataka’s Covid-hit Kodagu district

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Bengaluru, July 4 | Even as Karnataka readies to further unlock the economy by easing Covid restrictions in the state, including in Bengaluru, lockdown has been extended for two more weeks till July 19 from Monday in Kodagu district, an official said on Sunday.

“As the positivity rate continues to be at 7.21 per cent, the state government has extended the lockdown in the district by another two weeks to reduce Covid cases below 5 per cent,” the district official told IANS on phone.

Kodagu is about 240 kms southwest of Bengaluru in the state, nestled in the biodiversity-rich Western Ghats.

“Along with weekend curfew from 9 p.m. on Friday to 6 a.m. on Monday, night curfew will continue from 9 p.m. to 6 a.m. on all weekdays,” said the official.

According to the state health bulletin, 182 new cases were registered on Saturday, taking the district’s Covid tally to 30,958, including 1,596 active cases, while 29,091 people recovered, with 150 patients discharged during the day.

Though no death was reported on Sunday, the district’s toll is 271.

“People coming from Kerala across the border have to carry a negative RT-PCR report or vaccination certificate for entering the border district,” said the official.

The district authority has decided to deliver daily essentials to citizens at home in containment zones to restrict their movement.

“Checks are carried out across the district to restrict movement of people and vehicles, as tourism remains banned along with other activities,” the official said.

Shops selling daily needs, including milk, vegetables, fruits, fish and meat will be open on weekdays from 6 a.m. to 2 p.m.

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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