Recoveries soar, as new Covid cases dip in Karnataka

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Bengaluru, May 29 | In a clear sign of breaking the chain, recoveries shot up to 52,253 even as new Covid cases declined to 22,823 in a day across Karnataka, said the state health bulletin on Friday.

“With 52,253 patients discharged in the day, recoveries shot up 21,46,621 so far, while 22,823 positive cases on Thursday increased the state’s Covid tally to 25,46,821, including 3,72,373 active cases,” said the bulletin.

As epi-centre of the pandemic in the state, Bengaluru reported 5,736 fresh cases on Thursday, taking its Covid tally to 11,49,614, including 1,80,697 active cases, while recoveries rose to 9,56,303, with 31,237 discharged during the day.

The infection claimed 401 lives, including 192 in Bengaluru, taking the state’s death toll to 27,806 and the city’s toll to 12,613 since the pandemic broke out in mid-March a year ago.

Among districts where over 1,000 new cases were reported on Thursday are 1,677 in Mysuru, 1,326 in Tumakur, 1,319 in Belagavi, 1,170 in Hassan and 1,135 in Shivamogga, with the rest in the remaining 25 districts in the state.

Out of 1,38,983 tests conducted across the state during the day, 30,274 were through rapid antigen detection and 1,08,709 through RT-PCR method.

Positivity rate also dipped to 16.42 per cent and case fatality rate to 1.75 per cent across the state on Thursday.

Meanwhile, a record 1,90,825 people, including 80,556 above 45 years of age and 99,906 in the 18-44 years age group were vaccinated across the state during the day.

“Cumulatively, 1,30,16,720 beneficiaries, including senior citizens above 60 years of age, healthcare workers and frontline warriors received the jab since the vaccination drive was launched across the southern state on January 16,” added the bulletin.

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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