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BENGALURU, May 17 (Reuters) - Indian shares rose on Monday as market sentiment improved after domestic coronavirus cases fell below the 300,000 mark for the first time since April 21, with financials rebounding from a sharp drop in the previous session.
The NSE Nifty 50 index climbed 0.82% to 14,798.55 by 0505 GMT, up after three straight sessions of falls, while the benchmark S&P BSE Sensex advanced 0.93% to 49,191.68.
Last week, both indexes lost 0.9% after worries over higher U.S. inflation triggered a sell-off in global markets.
“The decline in the speed of new cases is helping domestic markets,” said Narendra Solanki, head of equity research (fundamental) at Anand Rathi Investment Services.
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I have ensured that there is no shortage of Oxygen and Remdesivir in the district starofmysore.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from starofmysore.com Daily Mail and Mail on Sunday newspapers.
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CII Mysuru has constituted a COVID-19 task force to assist the Mysuru district administration in its fight against the second wave and to help ailing patients.
CII has taken up a series of funding and donation activities, including funding and procurement of ambulances, ventilators, oxygen generating plants, oxygen concentrators, oxygen cylinders, beds, and medicines.
As part of the initiative, Pavan Ranga, chairman, CII, and Supriya Salian, vice-chairman, CII, on Wednesday handed over two ventilators to Mysore Medical College and Research Institute (MMCRI), which was received by Nanjaraj C.P., dean, MMCRI, Dinesh, and Mohan from the district hospital on K.R. Hospital premises. The equipment was sponsored by NR Group and Excel Soft Technologies.