Omicron has not yet peaked: US Surgeon General

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Washington, Jan 17 | The Omicron surge of coronavirus cases had not yet peaked in the US and the country is expected to see an increase in hospitalisations and deaths in the next few weeks, Surgeon General Dr. Vivek Murthy has warned.

In an interview on CNN’s “State of the Union,” Dr Murthy noted the “good news” of the plateaus and drops in known cases in the Northeast, especially in New York City and New Jersey.

But “the challenge is that the entire country is not moving at the same pace”, he said, adding “we shouldn’t expect a national peak in the coming days”.

“The next few weeks will be tough,” he said.

The highly contagious Omicron variant has fueled an explosive surge of known cases, with an average of more than 800,000 new cases a day reported on Saturday, according to a New York Times database.

The next several weeks would overwhelm hospitals and staff, Dr. Ashish Jha, dean of the Brown University School of Public Health, was quoted as saying.

“Right now we’re at about 150,000 people in the hospital with Covid,” he said on “Fox News Sunday.” “That’s more than we’ve ever had. I expect those numbers to get substantially higher.”

In Kansas City, Omicron has overwhelmed hospitals since the holiday season, the city’s mayor, Quentin Lucas, said in an interview on CBS’s “Face the Nation.”

“We have seen incredible challenges in our health care network, even getting employees that are working in our EMS services, fire department and in public safety,a Lucas said. “It is a substantial concern.”

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.

While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.

Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.

Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.

On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

 

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