S. Korea reports 1,892 more Covid-19 cases


Seoul, Sep 10 | South Korea reported 1,892 fresh cases of Covid-19 as of Thursday midnight compared to the previous tally, raising the total number of infections to 269,362.

The daily caseload was down from 2,049 in the prior day, but it hovered above 1,000 for 66 straight days, Xinhua news agency reported.

The daily average tally for the past week was 1,751.

The recent resurgence was attributable to cluster infections in the Seoul metropolitan area.

Of the new cases, 666 were Seoul residents. The number of the newly infected people residing in Gyeonggi province and the western port city of Incheon was 603 and 117, respectively.

The virus spread also raged in the non-metropolitan region.

The number of new infections in the non-capital areas was 471, or 25.4 per cent of the total local transmission.

Thirty-five cases were imported from overseas, lifting the combined figure to 13,866.

Five more deaths were confirmed, leaving the death toll at 2,348. The total fatality rate stood at 0.87 per cent.

A total of 1,813 more patients were discharged from quarantine after making full recovery, pulling up the combined number to 240,733. The total recovery rate was 89.37 per cent.

Since the mass vaccination was launched on February 26, the country has administered Covid-19 vaccines to a total of 32,149,176 people, or 62.6 per cent of the total population.

The number of the fully vaccinated people was 19,406,809, or 37.8 per cent of the population.

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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