US opens border to fully vaccinated int’l travellers

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New York, Nov 9 | The US has opened it doors to fully vaccinated international travellers, welcoming the visitors who have been shut out of the country for about 20 months, which is seen as a relief for the tourism industry and for families separated by previous Covid-19 rules.

International flight arrivals are expected to rise 11 per cent on Monday over a similar day in October at Newark Liberty and John F. Kennedy international airports, with 253 flights scheduled to arrive, according to the Port Authority of New York and New Jersey, Xinhua news agency reported.

Airline executives have said bookings have surged since the Joe Biden administration said it would lift the restrictions. “Shares of United Airlines, Delta Air Lines and American Airlines were each up more than 1 per cent in morning trading. Those carriers have the most international service of the U.S. airlines and stand to benefit from the resumption of US-bound travel,” reported CNBC.

The ban, put in place by former US President Donald Trump in early 2020 and expanded by President Joe Biden early this year, prohibited visitors from 33 countries, including Britain, much of Europe, China, Brazil and South Africa.

Now, visitors can fly into the United States with proof of full COVID-19 vaccination. Documentation can be shown as a paper certificate, a photo of the document or a digitized version. There are exemptions for travellers under age 18 and passengers from countries with low vaccination availability.

Accepted vaccines are those approved or authorized by the Food and Drug Administration and those listed for use by the World Health Organization: Johnson & Johnson, Pfizer/BioNTech, Moderna, AstraZeneca, Covishield, Sinopharm and Sinovac.

The United States will also require proof of a negative Covid-19 test from within the past three days for all vaccinated travellers. The country has required that since January for all arrivals, including US citizens. If a traveller is not vaccinated, the Covid-19 test must have been taken from within one day of departure.

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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