Saw few heart breaking videos circulating in China - things are not well at all there.
Our Health ministry has issued an advisory as well to states to be prepared.
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Hospitals overwhelmed, crematoriums strained, medicines running out. China is grappling with a massive wave of Covid-19 infection.
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Better to be safe than sorry. Mask up whenever u go to any place outside.
Meanwhile, pharma stocks are surging on this news
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So, is nifty going to see another bottom post jan ?
What’s the status guys? Any chances of covid risk spreading to India?
Was reading one of the reports, China has zero covid policy due to which natural immunity was not developed and many were not vaccinated( also China media are state controlled so we never sure 100% of actually what happens on ground) .
India has majority of population has natural immunity developed against Covid. so chances are slim also its good that govt organizations are on alert so any wave might be managed well.
China is reopening. Looks like covid news is factored in for now by markets
Covid cases and lots of viral infections across the nation on a rise. Be careful.
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Pharma sector leading the market reversal on the upside
There was some export related news in pharma stocks. That led to a 2% move in index. Divis n laurus labs did 9 n 7%
Did you make money?
This was what @YS_Bhargav was talking about.
Most of the time, market knows what’s cooking. Adding to covid fears, this export surge just led to a cool 8-10% rally in the index in 2 weeks.
Luckily, i did. But, missed out on divis. Made in other scrips though.
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21 Cases Of New Covid Variant JN.1 In India Confirmed In Lab Tests -
Market needs reasons for correction but take care of your health - better to be cautious than sorry