South Korea reports 2,152 more Covid-19 cases

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Seoul, Aug 19 | South Korea reported 2,152 more cases of the Covid-19 as of midnight Wednesday compared to 24 hours ago, raising the total number of infections to 230,808.

The daily caseload was up from 1,805 in the previous day, marking the country’s second-highest tally since the first case was found in January last year.

It hovered above 1,000 for 44 straight days. The daily average tally for the past week was 1,803, the Xinhua news agency reported.

The recent resurgence was attributable to cluster infections in Seoul and its surrounding Gyeonggi province.

Of the new cases, 570 were Seoul residents and 641 were people residing in Gyeonggi province.

The virus spread also raged in the non-metropolitan area. The number of newly infected people in the non-capital region was 750, or 35.5 per cent of the total local transmission.

Thirty-eight cases were imported from overseas, lifting the combined figure to 12,995.

Thirteen deaths were confirmed, bringing the death toll to 2,191. The total fatality rate stood at 0.95 percent.

A total of 1,653 more patients were discharged from quarantine after making full recovery, pulling up the combined number to 201,235. The total recovery rate was 87.19 per cent.

The country has tested over 12.51 million people, among whom 11,635,156 tested negative for the virus and 652,740 are being checked.

Since the mass vaccination was launched on February 26, the country has administered Covid-19 vaccines to a total of 24,306,127 people with 10,812,327 fully vaccinated.

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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