Self-isolation period to be shortened in England

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London, Jan 14 | Starting from January 17, the self-isolation period for fully vaccinated people in England who test positive for Covid-19 will be reduced from seven days to five days, UK Health Secretary Sajid Javid announced.

If they have negative lateral flow tests on day five and on the morning of day six, they will be allowed to leave their homes, Xinhua news agency quoted Javid as saying.

He added the move should “maximise activity in the economy”.

Modelling by the UK Health Security Agency (UKHSA) based on data before the Omicron rise showed more than 30 per cent of cases remain infectious on the fifth day.

The UK has so far reported 15,064,590 Covid-19 cases and 151,833 deaths.

More than 90 per cent of people aged 12 and above in Britain have had their first dose of vaccine, over 83 per cent are fully vaccinated, and some 62 per cent have received booster jabs.

Source: IANS

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Share Market Closing Bell: Nifty ends below 16,150, Sensex falls 236 pts

Share Market Closing Bell: Nifty ends below 16,150, Sensex falls 236 pts

The NIFTY 50 had a positive opening and made an intraday high at 16262.80 level but showed selling pressure from the top and made an intraday low at 16078.60 level and closed the session at 16125.15 level with a loss of 89.55 points However, Bank nifty closed the session at 34290 level with a gain of 42 points. VIX closed at 25.70 up by 9.83%.

33 stocks out of NIFTY 50 closed in Red which suggest broad based selling. Nifty Healthcare, FMCG, IT, capital goods indices down 1 percent each while Nifty Auto & Bank ended in Green. Nifty Stocks like DRREDDY, GNFC, POWERGRID, KOTAKBANK were the top gainers, While DIVISLAB, TECHM, GRASIM & HINDUNILVR were top losers. The Nifty has confirmed the shooting star kind of pattern on a daily time frame which indicates downside movement momentum for an upcoming session.

Moreover, from the last 14 days Nifty has been trading in a range of 15750-16410 levels, either side breakout can direct further direction. In addition, Nifty has given a closing below 21-Day Moving Average which indicates weakness in the Nifty.

However, the momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone on a daily chart which suggest a northward journey in the Nifty. The Nifty may find Strong support around 16000 levels, while on the upside 16300 may act as an immediate hurdle. On the other hand, Bank nifty has support at 33600 levels while resistance at 34800 levels.

Palak Kothari
Research Associate
Choice Broking

Source: Choice India

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