Sri Lanka re-opens primary schools

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Colombo, Oct 26 | Primary schools across Sri Lanka have reopened after being shut for months due to a rapid spread of Covid-19, officials said here.

Students from primary one to five returned to their classes on Monday as the Education Ministry said that all health precautions had been taken to ensure the safety of the children, reports Xinhua news agency.

Parents were seen taking their children to school, wearing face masks, while teachers stood at the entrance of each school checking temperatures and allowing children to enter the premises only after washing their hands.

Officials from the Ministry told Xinhua that all schools had been informed to place the desks of the children one meter apart and avoid direct interaction with one another.

Schools were closed due to the Covid-19 pandemic late last year as the country faced three waves of the virus.

Health authorities said the number of infected had reduced in recent weeks but urged people to remain cautious and practice all health guidelines.

The country has to date recorded 536,084 confirmed cases since March last year and a total of 13,611 deaths.

Source: IANS

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Share Market Closing Bell: Nifty ends around 15,800, Sensex tanks 1,416 pts

Share Market Closing Bell: Nifty ends around 15,800, Sensex tanks 1,416 pts

On the back of Global Clues and SGX, Nifty opened on a gap down note & continued downside momentum throughout the day and closed the session at 15809.40 level with a loss of 430.90. However, Bank nifty closed the session at 33315.65 level with a loss of 848.05 points.

India VIX closed at 24.56 up by 10.13% which is a sign of more volatility in upcoming sessions.47 stocks out of NIFTY 50 closed in RED which suggest broad based selling. All the sectoral indices were ended in the red with metal, IT indices down 4-5 percent.

Despite one way fall, Stocks like ITC, DRREDDY, POWERGRID were the top gainers, While WIPRO, HCLTECH, INFY, TCS & TECHM were prime losers. On a daily chart, Nifty has formed a Bearish candle which indicates downside momentum for an upcoming session. Moreover, Nifty is showing support from horizontal line i.e., 15750 levels which is make or break level. In addition, Nifty has been sustained above the 21-Monthly Moving Average which indicates a bounce back from lower levels can be seen.

However, the momentum indicators MACD & Stochastic were trading with a negative crossover & trading in oversold zone which is a sign of sideways to negative trend in Nifty. The Nifty may find Strong support around 15700 levels, breaching below it can show more downside till 15500 levels while on the upside 16000 may act as an immediate hurdle. On the other hand, Bank nifty has support at 32800 levels while resistance at 34500 levels.

Palak Kothari
Research Associate
Choice Broking

Source: Choice India

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