Malaysia reports 11,332 new Covid-19 cases, 240 new deaths

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Kuala Lumpur, Sep 29 | Malaysia reported 11,332 new Covid-19 infections as of midnight Tuesday, bringing the national total to 2,220,526, according to the health ministry.

Some 23 of the new cases are imported and 11,309 are local transmissions, Xinhua news agency reported, citing the data released on the ministry’s website.

Another 240 deaths were reported, bringing the death toll to 25,935.

As many as 14,160 patients were released after recovery in the past 24 hours, bringing the total number of cured and discharged to 2,020,099.

Of the remaining 174,492 active cases, 985 are being held in intensive care and 563 of those are in need of assisted breathing.

The country reported 329,722 doses administered on Tuesday alone and some 71 per cent of the population have received at least one dose and 61.1 per cent are fully vaccinated.

Source: IANS

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Share Market Closing Bell: Nifty ends below 16,150, Sensex falls 236 pts

Share Market Closing Bell: Nifty ends below 16,150, Sensex falls 236 pts

The NIFTY 50 had a positive opening and made an intraday high at 16262.80 level but showed selling pressure from the top and made an intraday low at 16078.60 level and closed the session at 16125.15 level with a loss of 89.55 points However, Bank nifty closed the session at 34290 level with a gain of 42 points. VIX closed at 25.70 up by 9.83%.

33 stocks out of NIFTY 50 closed in Red which suggest broad based selling. Nifty Healthcare, FMCG, IT, capital goods indices down 1 percent each while Nifty Auto & Bank ended in Green. Nifty Stocks like DRREDDY, GNFC, POWERGRID, KOTAKBANK were the top gainers, While DIVISLAB, TECHM, GRASIM & HINDUNILVR were top losers. The Nifty has confirmed the shooting star kind of pattern on a daily time frame which indicates downside movement momentum for an upcoming session.

Moreover, from the last 14 days Nifty has been trading in a range of 15750-16410 levels, either side breakout can direct further direction. In addition, Nifty has given a closing below 21-Day Moving Average which indicates weakness in the Nifty.

However, the momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone on a daily chart which suggest a northward journey in the Nifty. The Nifty may find Strong support around 16000 levels, while on the upside 16300 may act as an immediate hurdle. On the other hand, Bank nifty has support at 33600 levels while resistance at 34800 levels.

Palak Kothari
Research Associate
Choice Broking

Source: Choice India

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