NZ reports 75 fresh community cases of Delta variant

19

Wellington, Sep 1 | New Zealand reported 75 new community cases of Delta variant of Covid-19, including 74 in the largest city, Auckland and one in the capital Wellington on Wednesday, bringing the total number of cases in the country’s community outbreak to 687.

Auckland has 671 community cases and Wellington has 16 cases, according to the Ministry of Health, reports Xinhua news agency.

All of the cases have or will be transferred safely to a quarantine facility, under strict infection prevention and control procedures, including the use of full PPE (Personal Protective Equipment), Director-General of Health Ashley Bloomfield told a press conference.

There are 632 cases that have been clearly epidemiologically-linked to another case or sub-cluster, and a further 55 for which links are yet to be fully established, Bloomfield said.

Of the current community cases, 32 cases are in hospital, including eight cases in intensive care units (ICUs), he said.

New Zealand also reported one new case in recent returnees who have remained in a managed isolation and quarantine facility in Auckland, according to a statement of Ministry of Health.

The total number of confirmed cases in New Zealand since the start of the pandemic is 3,288, it said.

Auckland will remain at the top level 4 national lockdown for two more weeks, with the area south of Auckland moving to level 3 at 11:59 p.m. local time Tuesday for a week.

Northland will move to level 3 at 11:59 p.m. local time on Thursday if no new cases emerge.

Under the Alert Level 4 lockdown, businesses and schools are closed except for essential ones such as supermarkets, pharmacies and service stations.

Life under level 3 will be relaxed to some degree as construction work and takeaway services can resume with the necessary safety measures in place.

The country has moved to a lockdown since midnight August 17 after the first Covid-19 Delta variant case in the Auckland community was identified.

Source: IANS

Next Story

Share Market Weekly Outlook for Next Week

Share Market Weekly Outlook for Next Week

Indian market plummets for the second consecutive week, seems bulls losing their upper hands in the coming days. Index reacted violently grasping Indian as well as global factors throughout the past week.

High oil prices, uncertainty amid Ukraine war, mounting inflation and prospects of aggressive monetary tightening by the U.S. Fed all contributed to poor sentiment. Undoubtedly, the biggest negative sentiment was led by continued inflation all over the world. Sensex sheds 2041.96 points or 3.72 percent while Nifty losses 629.10 points or 3.83 percent in a week. Simultaneously, Bank nifty also lost control over the bears’ dominance. Nonetheless, no sector ended in green while Nifty Energy lost 10.56 percent and remained the prime laggard followed by Nifty PSE, and Nifty Realty losing 5 to 6 percent in a week.

In Nifty stock, BAJAJ AUTO gained 4.07% while TATASTEEL lost 14.54% on a weekly basis. INDIA VIX closes at 23.48 suggesting no sign of relief in volatility. Whenever the market tanks 20% from its peak, it is technically termed as the bear market. Currently the Indian market remains at the edge of 15 percent fall. Technically, on a weekly chart, the index has formed a long bearish candle confirming change in trend from positive to negative side.

Index has also faced resistance around 16300 levels throughout the week. Indicators as RSI still remains in the oversold zone and MACD also indicating no sign of reversal. In the daily chart lower low- lower high formation suggests no major pullback is expected. Coming to the OI monthly Data, on the call side the highest OI witnessed was 16000 followed by 16500 strike price while on the put side, the highest OI was at 15500 followed by 15000 strike price. Overall, Nifty is having support at 15500 mark while on the upside 16100 followed by 16300 may act as an immediate resistance. While Banknifty has support around 32000 while resistance is placed at 34300 on weekly chart.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

Next Story

Share Market Closing Bell: Closing Bell: Nifty ends below 16,200, Sensex pares losses to close 276 pts lower

Share Market Closing Bell: Closing Bell: Nifty ends below 16,200, Sensex pares losses to close 276 pts lower

It was a volatile trading session after a positive opening, Nifty made an intraday high at 16318.75 level but showed downside momentum and tested the 16000 mark and managed to close at 16167.10 level with a loss of 72.95 points.

However, Bank nifty closed the session at 34693.15 level with a gain of 210.50 points. 31 out of Nifty 50 stocks ended in Red which suggest broad based selling. Among sectors, Bank, Commodities indices up by 0.5-0.3 percent each, while IT and Auto indices down by 1 percent each.

Stocks like ONGC, AXISBANK, INDUSINDBK, CIPLA & HDFC ended in green SHREECEM, BAJAJFINSV, LT & BAJFINANCE were the prime laggards.Technically, The Nifty has formed a Hammer Kind of candlestick pattern on a daily chart which indicates value buying from lower levels. Moreover, Nifty has taken support from the lower band of Bollinger on a Four- hourly chart which is a sign of short-term reversal in the counter.

However, the momentum indicators RSI bounced from oversold zone as well as divergence has been seen on an hourly chart which indicates bounce back momentum. The Nifty may find Strong support around 16000 levels, while on the upside 16400 may act as an immediate hurdle for the Nifty crossing above the same can attract fresh buying. On the other hand, Bank nifty has support at 33800 levels while resistance at 35500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here