World lost nearly 1.5 crore excess lives due to Covid: WHO

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Geneva, May 5 | Worldwide about 1.49 crore excess lives were lost due to Covid-19 pandemic in 2020 and 2021, new estimates from the World Health Organization (WHO) revealed on Thursday.

Excess deaths -the difference between the number of recorded deaths from all causes and the number expected based on past trends – are a key measure of the true full death toll of the pandemic.

While just 10 countries had 68 per cent of excess deaths, South-East Asia, Europe, and the Americas together accounted for most of the excess deaths (84 per cent).

Of the total deaths, middle-income countries accounted for 81 per cent, lower-middle-income countries for 53 per cent and upper-middle-income countries 28 per cent over the 24-month period. High-income and low-income countries each accounted for 15 per cent and 4 per cent, respectively.

“These sobering data not only points to the impact of the pandemic but also to the need for all countries to invest in more resilient health systems that can sustain essential health services during crises, including stronger health information systems,” said Dr Tedros Adhanom Ghebreyesus, WHO Director-General, in a statement.

The estimates also confirm that the global death toll was higher for men (57 per cent) than for women (43 per cent) and higher among older adults.

In March, an analysis published in The Lancet showed that the global Covid-19 death toll may be more than three times higher than what the official pandemic death records suggest.

According to official Covid death records, 0.59 crore people died between January 1, 2020, and December 31, 2021. But the new study estimated 1.82 crore excess deaths occurred over the same period, and India alone accounted for an estimated 22 per cent of the global total deaths.

“Measurement of excess mortality is an essential component to understand the impact of the pandemic. Shifts in mortality trends provide decision-makers information to guide policies to reduce mortality and effectively prevent future crises. Because of limited investments in data systems in many countries, the true extent of excess mortality often remains hidden,” said Dr Samira Asma, Assistant Director-General for Data, Analytics and Delivery at WHO, in the statement.

“These new estimates use the best available data and have been produced using a robust methodology and a completely transparent approach,” she added.

Source: IANS

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Weekly Technical Share Market Outlook

Weekly Technical Share Market Outlook

The Indian market recovered sharply on the last trading day amid the weekend after a continuous fall. Market has managed to halt above 16000 Nifty levels after continuous losing streak. Index reacted violently, grasping Indian as well as global factors throughout the week. Simultaneously, Inflation is catching up and profit margins are taking a hit.

 

Sensex advanced 1532 points or 2.90 percent while Nifty gained 484 points or 3.07 percent in a week. Simultaneously, Bank nifty has overcome bear’s dominance ending the session with 3.49 percent gain. Sectorally,Nifty Metal saw the highest gains of 7.40 percent followed by the Realty and Auto added over 4% gain. On the flip side Nifty IT tumbled 2.82 percent on weekly basis. Midcap and Small Cap measures rising nearly 2 percent as well.

In Nifty stock, EICHERMOT gained 11.31% while TECHM lost 5.98% on a weekly basis. INDIA VIX closes at 23.10 suggests volatility driven market is going to remain intact. Coming to the OI Data, on the call side highest OI witnessed at 17000 Nifty followed by 16800 Nifty strike price while on the put side, the highest OI was at 16000 Nifty followed by 15800 Nifty strike price. Technically, Nifty has formed a Tweezer Bottom type pattern in the weekly chart suggesting a short term buying rally may drive the market until monthly expiry. On the daily chart, price has rebounded from the lower Bollinger band as well.

Momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone. However, Index is still struggling to get the support of 50 Simple Moving Average in daily chart. Short term investors and traders are advised to work with option strategies to neutralize the volatility. Overall, Nifty is having support at 15700 mark while on the upside 16700 followed by 16500 may act as an immediate resistance. While Bank nifty has support around 32500 while resistance is placed at 36000 on weekly chart.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

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