Omicron nothing more than ‘seasonal cold virus’: US-based doctor

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New York, Dec 30 | The fast-spreading Omicron variant is “nothing more than a seasonal cold virus” and there is little we can do to stop this virus from infecting people, claims a US-based doctor.

Afshine Emrani, MD, who holds a Fellowship in the American College of Cardiology (FACC) from the US, said that people who are vaccinated have a much lower chance of dying or getting hospitalised. But there is little it can be done to stop this virus from infecting over 80 per cent of the population, he said.

“Masks, vaccine card mandates will make no difference,” Emrani said in a tweet.

“Vaccinated people still get infected and pass the virus to others,” he added.

He also mentioned that soon the US will have two million positive cases a day for weeks, after which the numbers will drop dramatically.

“The biggest threat in my opinion remains in over-reaction and over-reach by government agencies, causing panic, providing misinformation, leading to closures that hurt those most vulnerable among us,” Emrani said.

Meanwhile, a team of experts in Singapore has warned that the Omicron variant is likely to soon replace the Delta strain globally, as countries after countries have reported a record surge in Covid cases.

The warning comes as the World Health Organisation (WHO) has cautioned that the more transmissible Omicron together with the currently circulating Delta variants might lead to “a tsunami of cases,” putting immense pressure on national health systems.

In India, the Omicron infection tally has climbed to 961, of which 320 patients have been discharged from hospitals.

A Covid-19 tracker, developed by the UK’s University of Cambridge, has predicted that India may soon see an intense but short-lived virus wave “within days”, even as the highly transmissible Omicron variant of Covid is spreading like wildfire in the country.

Source: IANS

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Share Market Closing Bell: Market ends marginally lower amid volatility

Share Market Closing Bell: Market ends marginally lower amid volatility

Dalal Street witnessed tug of war between bulls and bears as Sensex settled at 54208.53 losing 109 points or 0.20 percent and Nifty ended at 16240.30 with loss of 19 points. Bank nifty closed the session at 34163.70 levels with loss of 138 point after erasing early session gain.

BSE Midcap and BSE Small cap indices turned flat after rising around half a percent each. On the sectorial front, Nifty Pharma and FMCG have contributed a percent each on a closing basis. On the flip side Nifty Realty, Nifty PSE ended with losses of 1.75 percent and 1.73 respectively. In Nifty stocks, TATACONSUM, CIPLA and ADANI PORT were the top gainers while POWERGRID, BPCL and TECHM were the prime laggards.

In the daily chart Nifty has ended with a bearish candle. However 16200 levels are protected throughout the day. Index might face high volatility on weekly expiry day. Riding against the trend may not be beneficial for short term traders. According to volume profile 16100 and 16000 may act as immediate support.

Indicators such as MACD and RSI are still struggling to overcome from oversold zone in the daily time frame. From the time cycle prospect Index would remain highly volatile till 27th May of this month. Bollinger band indicates 16650 would remain strong resistance in coming days. On the other hand, Bank nifty has support at 33400 levels while resistance at 35000 levels.

Om Mehra
Research Associate
Choice Broking

Source: Choice India

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