Pak Covid-19 case count crosses 4,000 for first time in two months

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Islamabad, July 28 | Pakistan’s daily Covid-19 case count crossed 4,000 for the first time in two months on Wednesday morning after the National Command and Operation Centre reported 4,119 fresh infections.

The country last recorded more than 4,000 cases in a single day on May 22, the Geo TV reported.

According to the NCOC’s latest stats, 52,291 coronavirus tests were taken in the last 24 hours across the country. Of these, 4,119 came back positive.

Another 44 people, meanwhile, lost their lives to the virus in the last 24 hours, pushing the national death tally to 23,133.

The positivity rate, too, went up again. The current rate is 7.8 per cent.

The total number of cases has reached 1,015,827. In addition to this, 7,020 patients have recovered from the virus in the last 24 hours, bringing the total number of recoveries to 935,742 while the number of active cases is 56,952.

Earlier this week, it was reported that Pakistan’s coronavirus death rate in July surpassed the global death rate figures, according to officials from the health ministry.

The death rate in July was between 2.30 per cent and 2.37 per cent in Pakistan, according to data shared by the World Health Organisation. The worldwide death rate in July was between 2.15 per cent to 2.17 per cent.

Health experts said that non-compliance with standard operating procedures and no vaccination can increase death rates.

Source: IANS

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Share Market Closing Bell: Nifty ends below 16,100, Sensex falls 303 pts

Share Market Closing Bell: Nifty ends below 16,100, Sensex falls 303 pts

Dalal Street found no relief with incessant sell off during the month. Nifty traded on a bearish note and ended at 16025.80 with loss of 99.35 points or 0.62 percent following weak global cues on Wednesday. While Banknifty closed at 34339.50 on the higher side with marginal gain of 49.35 points.

bhaskarlive market closing

The weakness in US stocks is playing out globally with signs of higher inflation, which has spoiled investors’ appetite for the Indian market as well. Rising India VIX to 25.28 has led Indices to big intraday swings on both sides. Sectorally maximum sectors closed on the negative side as Nifty IT and Nifty Media sheds more than 3 percent each. While Nifty Financial Services ended on a positive side gaining 0.68 percent.

In nifty stocks, NTPC, HDFCLIFE, SBILIFE were the top gainers while ASIANPAINT, ADANIPORT and TECHM were the prime laggards. Coming to the OI Data, on the call side highest OI witnessed at 16200 followed by 16300 strike price while on the put side, the highest OI was at 15800 strike price. Technically, Nifty has formed three black crow patterns in the daily chart suggesting bearishness would remain intact. We expect a rise in volatility as well on monthly expiry day.

Riding against the trend may not be beneficial for short term traders. All major moving averages are lying above 16300 levels. Indicators such as MACD and RSI are still struggling to overcome the oversold zone in the daily time frame. Overall, Nifty is having support at 15800 mark while on the upside 16300 may act as an immediate resistance for monthly expiry. While Banknifty has support around 33500 while resistance is placed at 35200 on the daily chart.

Om Mehra
Research Associate
Choice Broking

Source: Choice India

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