Malaysia reports 6,145 fresh Covid cases, 63 new deaths

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Kuala Lumpur, Oct 18 | Malaysia reported another 6,145 new Covid-19 infections as of midnight Sunday, bringing the national total to 2,390,687, according to the health ministry.

Some 12 of the new cases are imported, with 6,133 being local transmissions, data released on the ministry’s website showed, Xinhua news agency reported.

Another 63 more deaths have been reported, bringing the death toll to 27,921.

About 9,231 patients have been released after recovery, bringing the total number of cured and discharged to 2,270,520.

Of the remaining 92,246 active cases, 688 are being held in intensive care and 348 of those are in need of assisted breathing.

The country reported 134,180 vaccine doses administered on Sunday alone and some 77.2 per cent of the population have received at least one dose and 69.7 per cent are fully vaccinated.

Source: IANS

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Share Market Closing Bell: Nifty ends below 16,100, Sensex falls 303 pts

Share Market Closing Bell: Nifty ends below 16,100, Sensex falls 303 pts

Dalal Street found no relief with incessant sell off during the month. Nifty traded on a bearish note and ended at 16025.80 with loss of 99.35 points or 0.62 percent following weak global cues on Wednesday. While Banknifty closed at 34339.50 on the higher side with marginal gain of 49.35 points.

bhaskarlive market closing

The weakness in US stocks is playing out globally with signs of higher inflation, which has spoiled investors’ appetite for the Indian market as well. Rising India VIX to 25.28 has led Indices to big intraday swings on both sides. Sectorally maximum sectors closed on the negative side as Nifty IT and Nifty Media sheds more than 3 percent each. While Nifty Financial Services ended on a positive side gaining 0.68 percent.

In nifty stocks, NTPC, HDFCLIFE, SBILIFE were the top gainers while ASIANPAINT, ADANIPORT and TECHM were the prime laggards. Coming to the OI Data, on the call side highest OI witnessed at 16200 followed by 16300 strike price while on the put side, the highest OI was at 15800 strike price. Technically, Nifty has formed three black crow patterns in the daily chart suggesting bearishness would remain intact. We expect a rise in volatility as well on monthly expiry day.

Riding against the trend may not be beneficial for short term traders. All major moving averages are lying above 16300 levels. Indicators such as MACD and RSI are still struggling to overcome the oversold zone in the daily time frame. Overall, Nifty is having support at 15800 mark while on the upside 16300 may act as an immediate resistance for monthly expiry. While Banknifty has support around 33500 while resistance is placed at 35200 on the daily chart.

Om Mehra
Research Associate
Choice Broking

Source: Choice India

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