No new Covid positive case in 3 K’taka districts

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Bengaluru, Nov 16 | Three Karnataka districts have successfully contained the menace of Covid-19. According to a health bulletin released by the Department of Health and Family Welfare, there is not a single Covid positive case reported in these three districts.

No fresh case has been reported from Gadag, Haveri and Bidar districts of north Karnataka region according to the latest statistics released on Monday evening.

After the discharge of the last Covid patient on November 14, no case was reported in Bidar district. Similarly, no positive case has been reported from Gadag district since October 16. Haveri district also has not reported any case since November 11.

The health department was anxious about Haveri district as recently bypolls for the Hanagal constituency was conducted. Top leaders from the state had arrived here and huge crowds were witnessed during the campaigning period.

The achievement of north Karnataka districts, which are considered as backward and are very close to Maharashtra borders is being appreciated by the authorities.

The state reported 7,912 positive cases till Monday evening. Among these, 6,574 (83.08 per cent) cases were reported from Bengaluru. A total of 1,338 Covid patients were being treated either at hospitals or kept in home isolation in the rest of the districts.

The state has recorded 171 total Covid positive cases which is the lowest in 17 months.

The health department officials said that testing will continue in these three districts though zero cases are being reported.

Source: IANS

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Share Market Closing Bell: Nifty ends around 15,800, Sensex tanks 1,416 pts

Share Market Closing Bell: Nifty ends around 15,800, Sensex tanks 1,416 pts

On the back of Global Clues and SGX, Nifty opened on a gap down note & continued downside momentum throughout the day and closed the session at 15809.40 level with a loss of 430.90. However, Bank nifty closed the session at 33315.65 level with a loss of 848.05 points.

India VIX closed at 24.56 up by 10.13% which is a sign of more volatility in upcoming sessions.47 stocks out of NIFTY 50 closed in RED which suggest broad based selling. All the sectoral indices were ended in the red with metal, IT indices down 4-5 percent.

Despite one way fall, Stocks like ITC, DRREDDY, POWERGRID were the top gainers, While WIPRO, HCLTECH, INFY, TCS & TECHM were prime losers. On a daily chart, Nifty has formed a Bearish candle which indicates downside momentum for an upcoming session. Moreover, Nifty is showing support from horizontal line i.e., 15750 levels which is make or break level. In addition, Nifty has been sustained above the 21-Monthly Moving Average which indicates a bounce back from lower levels can be seen.

However, the momentum indicators MACD & Stochastic were trading with a negative crossover & trading in oversold zone which is a sign of sideways to negative trend in Nifty. The Nifty may find Strong support around 15700 levels, breaching below it can show more downside till 15500 levels while on the upside 16000 may act as an immediate hurdle. On the other hand, Bank nifty has support at 32800 levels while resistance at 34500 levels.

Palak Kothari
Research Associate
Choice Broking

Source: Choice India

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