Singapore reports 1090 new Covid-19 cases

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Singapore reports 1,090 new Covid-19 cases
Singapore reports 1,090 new Covid-19 cases

Singapore, Nov 27 | Singapore reports 1,090 new Covid-19 cases. Singapore has recorded 1,090 new confirmed cases of Covid-19, bringing the total tally to 259,875, the Ministry of Health (MOH) said in a statement.

Of the new cases recorded on Friday, 1,064 were reported in the community and 22 in migrant worker dormitories while four were imported cases, Xinhua news agency reported.

A total of 1,233 cases are currently hospitalised. Of these, 214 cases require oxygen supplementation in the general ward, 33 are unstable and under close monitoring in the intensive care unit (ICU), and 52 are critically ill and intubated in the ICU. The current overall ICU utilisation rate is 54.2 per cent, said the MOH.

An additional three deaths from Covid-19 were reported in the Southeast Asian country, bringing the death toll to 684.

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The ministry said in another statement on Friday that as the global situation evolves, it will continue to adjust border measures in tandem with roadmap to becoming a Covid-19-resilient nation.

To date, Singapore has launched Vaccinated Travel Lanes (VTLs) with Australia, Brunei, Canada, Denmark, France, Germany, Italy, the Netherlands, South Korea, Spain, Switzerland, the UK, and the US. Singapore will also be launching VTLs with India, Indonesia, Malaysia, Finland and Sweden from November 29, and Qatar, Saudi Arabia and the United Arab Emirates from December 6.

Travellers under the VTLs are not subject to Stay-Home Notice (SHN) on arrival. Instead, they will be required to produce a negative pre-departure test taken within two days prior to departure and undergo an on-arrival Polymerase Chain Reaction (PCR) test.

Singapore will launch VTLs with Thailand from December 14 and with Cambodia, Fiji, Maldives, Sri Lanka and Turkey from December 16. Returning Singapore citizens and permanent residents who are fully vaccinated will not need to apply for Vaccinated Travel Pass (VTP) to use the VTLs for travel, said the ministry.

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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