Omicron BA.4, BA.5 sub-variants found in over a dozen countries: WHO

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Geneva, May 12 | Omicron subvariants BA.4 and BA.5 have been detected in more than a dozen countries driving Covid outbreaks across the world, according to the World Health Organization.

According to WHO’s technical lead on Covid Maria Van Kerkhove, at least 16 countries have reported about 700 cases of BA.4, while more than 300 cases of BA.5 have been found across at least 17 countries, CNBC reported.

The new sub-variants do not cause severe infection than the original Omicron strain, but they appear to be more contagious, Van Kerkhove was quoted as saying during a Q&A on the organisation’s social media platforms on Wednesday.

She noted the WHO is monitoring BA.4 and BA.5 to determine if they will eventually overtake BA.2 as the dominant strain worldwide.

“We don’t know how this variant will behave, how these sub-variants will behave in other countries that had a dominant wave of BA.2,” Van Kerhkove said. “This is what remains to be seen.”

A recent study, not yet peer-reviewed, showed that BA.4 and BA.5 have the ability to avoid immunity induced by both previous Covid infection and vaccination. The findings by researchers from the Africa Health Research Institute in South Africa could signal a fresh wave of infections by the BA.4 and BA.5.

Last week, a report by the UK Health Security Agency showed that South Africa reported the highest – 395 cases of BA.4 and 134 cases of BA.5 as of May 6.

Other countries that detected the variants include Austria, UK, US, Denmark. Belgium, Israel, Germany, Italy, Canada, France, the Netherlands, Australia, Switzerland, Botswana, Portugal,A Belgium, Hong Kong, Canada, Israel, Norway, Pakistan, Spain and Switzerland, the report said.

The report noted the number of sequences is low, but “the apparent geographic spread suggests that the variant is transmitting successfully.”

Van Kerkhove also mentioned another Omicron subvariant called BA.2.12.1, which has been detected in 23 countries. She said there are more than 9,000 reported sequences of the subvariant, most of which comes from the US, the report said.BA.2.12.1 made up about 42.6 per cent of all new cases in the U.S. during the week that ended on May 7, according to data from the Centres for Disease Control and Prevention.

Van Kerkhove said that the higher growth rate of BA.2.12.1 can likely lead to increased transmission globally, but it has shown no difference in hospitalisation rates in comparison to BA.2.

She urged governments across the world to closely monitor BA.2.12.1, BA.4, BA.5 and other sub-variants that could emerge in the future, emphasising the need to maintain Covid testing and sequencing.

Source: IANS

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Weekly Technical Share Market Outlook

Weekly Technical Share Market Outlook

The Indian market recovered sharply on the last trading day amid the weekend after a continuous fall. Market has managed to halt above 16000 Nifty levels after continuous losing streak. Index reacted violently, grasping Indian as well as global factors throughout the week. Simultaneously, Inflation is catching up and profit margins are taking a hit.

 

Sensex advanced 1532 points or 2.90 percent while Nifty gained 484 points or 3.07 percent in a week. Simultaneously, Bank nifty has overcome bear’s dominance ending the session with 3.49 percent gain. Sectorally,Nifty Metal saw the highest gains of 7.40 percent followed by the Realty and Auto added over 4% gain. On the flip side Nifty IT tumbled 2.82 percent on weekly basis. Midcap and Small Cap measures rising nearly 2 percent as well.

In Nifty stock, EICHERMOT gained 11.31% while TECHM lost 5.98% on a weekly basis. INDIA VIX closes at 23.10 suggests volatility driven market is going to remain intact. Coming to the OI Data, on the call side highest OI witnessed at 17000 Nifty followed by 16800 Nifty strike price while on the put side, the highest OI was at 16000 Nifty followed by 15800 Nifty strike price. Technically, Nifty has formed a Tweezer Bottom type pattern in the weekly chart suggesting a short term buying rally may drive the market until monthly expiry. On the daily chart, price has rebounded from the lower Bollinger band as well.

Momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone. However, Index is still struggling to get the support of 50 Simple Moving Average in daily chart. Short term investors and traders are advised to work with option strategies to neutralize the volatility. Overall, Nifty is having support at 15700 mark while on the upside 16700 followed by 16500 may act as an immediate resistance. While Bank nifty has support around 32500 while resistance is placed at 36000 on weekly chart.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

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