Market expert Prakash Diwan’s views on Maruti and RIL

markets

Auto sales numbers would be priced in with a little bit of hesitation, said market expert Prakash Diwan in an interview to CNBC-TV18.

Diwan further added that there might be some initial enthusiasm, but that might not be very sustainable. “The number has been record breaking and there are lots of new highs that the sales numbers have clocked, but to the stock, I do not know whether this could add momentum or you should be buying or chasing Maruti as a stock or a HeroMoto Corp after these numbers. In fact quite a bit of it would be priced in with a little bit of hesitation. So you might see some initial enthusiasm, but that might not be very sustainable,” he said.

On Reliance Industries (RIL), Diwan said that in the absence of triggers, it is difficult to believe that RIL would cross its previous highs of Rs 2,359. “If there were some announcements – one is of course the negative headwinds that are dark clouds on the litigation that is still in the offing, if that goes away, or you have some sort of announcement that comes on the O2C business, some kind of carve out that gets initiated and which has a time bound nature about itself, there could be some interest to continue that momentum,” he added.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

 5 Minutes Read

Coronavirus news highlights: 19 Indian passengers test positive on VBM flight to Wuhan; Rajasthan bans sale of firecrackers

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Coronavirus news highlights: The novel coronavirus is accumulating genetic mutations, one of which may have made it more contagious, according to a study involving more than 5,000 COVID-19 patients in the US. The research, published in the journal mBIO, however, did not find that these mutations have made the virus deadlier or changed clinical outcomes. The researchers noted that the mutation, called D614G, is located in the spike protein that pries open our cells for viral entry.

Coronavirus News LIVE Updates: India’s COVID-19 caseload crossed the 82 lakh-mark, while the number of people who have recuperated from the disease surged to 75.44 lakh pushing the national recovery rate to 91.68 percent, according to the Union Health Ministry data updated on Monday. The total coronavirus cases mounted to 82,29,313 with 45,231 people testing positive for the infection in a day, while the death toll climbed to 1,22,607 with 496 new fatalities, the data updated at 8 am showed. A total of 75,44,798 people have recuperated from COVID-19 so far, taking the national recovery rate to 91.68 percent, while the case fatality rate was recorded at 1.49 percent.

The number of active cases of COVID-19 remained below six lakh for the fourth consecutive day. There are 5,61,908 active coronavirus cases in the country as on date which comprise 6.83 percent of the total caseload, the data stated.

India’s COVID-19 tally had crossed the 20-lakh mark on August 7,30 lakh
on August 23 and 40 lakh on September 5.

It went past 50 lakh on September 16,60 lakh on September 28,70 lakh on
October 11 and crossed 80 lakh on October 29.

According to ICMR, a cumulative total of 11,07,43,103 samples have been tested up to November 1 with 8,55,800 samples being tested on Sunday.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Opening bell: Market opens in the green, Nifty above 11,690; ICICI Bank top gainer

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The Indian stock market opened higher on Monday tracking Asian peers. Gains in financials, especially in ICICI Bank, pushed the Nifty50 higher.

The Indian stock market opened higher on Monday tracking Asian peers. Gains in financials, especially in ICICI Bank, pushed the Nifty50 higher.

At 9:15 am, the Sensex opened 266 points higher at 39,880.40 while the Nifty50 opened at 11,697.40, up 55 points. Broader indices also opened positively, with the Nifty Midcap100 index up 0.48 percent and the Nifty Smallcap100 index up 0.05 percent.

Among sectoral indices, all traded in the green. Nifty Bank opened over 460 points higher led by ICICI Bank, the best-performing from the lot followed by Nifty Auto and Nifty Financials.

ICICI Bank, IndusInd Bank, Hero MotoCorp, Power Grid and NTPC were the Nifty50 top gainers while Reliance Industries, Divi’s Labs, UPL, Kotak Mahindra Bank and UltraTech Cement remained the index top losers.

 

For more stock updates, follow our market live blog

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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US Elections 2020: Prominent Indian-Americans among 1,100 officials endorsing Biden-Harris

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Meanwhile, the Biden campaign on Saturday released a star-studded video of prominent AAPI personalities voicing their support for Biden and Harris, urging Americans to vote for everything that matters.

As the race to the White House enters its final lap, over 1,100 prominent members of the Asian-American community, including Indian-American elected officials, artists, business and community leaders have endorsed Democratic presidential candidate Joe Biden and his running mate Kamala Harris. The list of the Asian Americans and Pacific Islanders (AAPI) endorsing Biden for President and Harris for Vice President includes prominent Indian-Americans who are serving as elected officials as well as those from the fields of healthcare, business and arts.

The 1,100 signatories represent AAPI leaders from all backgrounds and ethnicities across the country and build on the previous list of 250 AAPI endorsers that was released in July 2020. Never before has the AAPI community banded together with such unity and excitement in a presidential election, said Democratic National Committee (DNC) AAPI Caucus Chair Bel Leong-Hong, who organised the list.

We are made up of almost 20 different ethnic groups, yet are united in our resounding support for Biden and Harris to lead our country and the world out of the mess (President Donald) Trump has created. Leong-Hong said the people in the list come from all walks of life with different languages, culture and heritage, but we share the same hopes and dreams for a better future.

The list of more than 1,100 supporters includes prominent members of the Democratic Party, including the DNC and the AAPIs for Biden Coalition, which is made up of more than 14 affinity groups, including South Asians for Biden. Among the prominent Indian-origin endorsers are Congressmen Raja Krishnamoorthi and Ami Bera, Congresswoman Pramila Jayapal, Former Assistant Secretary for South and Central Asia in US Department of State Nisha Desai Biswal, Chair of Maryland Democratic Party AAPI Leadership Council Devang Shah, Chair of Democratic Asian Americans of Virginia (DAAV) Praveen Meyyan, Assembly member Ash Kalra of California State Assembly.

Candidate for US House of Representatives Sri Kulkarni, Former CEO of Democratic National Committee Seema Nanda, Chair of Howard County, Maryland Democratic Party AAPI Caucus Dhaval Shah, Vice-Chair of Fairfax County, Virginia Democratic Committee Manisha Singh, Chair of Monmouth County, New Jersey Democrats South Asian Caucus Ritesh Shah are also in the list. It also includes former Chief of Staff and Senior Advisor in the Office of the US Surgeon General Parag Mehta and community leaders India Heritage Group Founder Parag Parikh, President of Global Organisation of People of Indian Origin Jay Bhandari and Co-founder and Board Chair, Desis for Progress Nisha Ramachandran.

Meanwhile, the Biden campaign on Saturday released a star-studded video of prominent AAPI personalities voicing their support for Biden and Harris, urging Americans to vote for everything that matters. The 60-second video features Indian-American television host and author Padma Lakshmi, who urges people to vote for our children” and actor and producer Mindy Kaling, who says it’s going to take all of us.

The celebrities join Harris in saying: When we vote, things change. When we vote, we win. The video features actor Aasif Mandvi, actors Dwayne ”The Rock” Johnson, George Takei, Kumail Nanjiani and Lucy Liu among others.

We may have our feet in two cultures but America is our home, the video says. Dennis Cheng, a senior advisor for the Biden campaign, was quoted by The New York Times as saying, We’re extremely proud of our micro-targeted messaging and individualised outreach to the AAPI community, so that we not only feel represented in the campaign but also empowered and inspired to be a part of it.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Monday’s top brokerage calls: Reliance Industries, ICICI Bank and more

Stocks to buy
Citi on RIL: The brokerage maintains a ‘neutral’ call on the stock with a target at Rs 2,210 per share. Jio’s Q2 earnings in-line, normalcy returning in the retail business, it added.
Citi on ICICI Bank: The brokerage maintains a ‘buy’ call on the stock with a target at Rs 550 per share. ICICI Bank remains the brokerage’s preferred pick in the sector, Citi said after the private major reported its highest-ever net profit.
Nomura on ICICI Bank: The brokerage maintains a ‘buy’ call on the stock with a target at Rs 525 per share. It increased FY21-23 EPS estimates for ICICI Bank by 10-20 percent after a stellar Q2 show.
Nomura on IndusInd Bank: The brokerage maintains a ‘buy’ call on the stock with a target at Rs 725 per share. It sees IndusInd Bank’s 8 percent/12 percent return on equity in FY21/22 normalising to 14 percent in FY23.
Nomura on Cummins: The brokerage maintains a ‘reduce’ call on the stock with a target at Rs 383 per share. The brokerage is unsure about Cummins’ future outlook, says significant portions of the cost reductions seen in this quarter may not sustain.
Jefferies on Cummins: The brokerage maintains an ‘underperform’ rating on the stock with a target at Rs 365 per share.

Auto stocks in focus today: Here are the key takeaways from the sales numbers

Auto companies’ stocks will be in focus today as they react to the sales numbers. Market leaders like Maruti Suzuki India and Hero MotoCorp have reported record high sales in the month of October which will boost sentiment.

Escorts also reported its highest ever October sales.

For Mahindra and Mahindra (M&M), the total sales were down by 14.5 percent as the commercial vehicle (CV) segment has been under pressure for the company.

CNBC-TV18’s Sonia Shenoy explains the key takeaways from the numbers so far.

 5 Minutes Read

Former HDFC Bank MD Aditya Puri joins Carlyle

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Puri will provide guidance on the evolving market landscape and new investment opportunities, while also advising Carlyle’s investment professionals and portfolio management teams on building differentiated high quality businesses.

Former HDFC Bank managing director Aditya Puri has joined US-based global investment firm the Carlyle Group as a senior advisor. The Carlyle Group in a early morning statement on Monday said Puri will advise the Carlyle team on investment opportunities across Asia.

Puri will provide guidance on the evolving market landscape and new investment opportunities, while also advising Carlyle’s investment professionals and portfolio management teams on building differentiated high quality businesses. With USD 230 billion of assets under management as of September 30, 2020, Carlyle deploys private capital across four business segments– Corporate Private Equity, Real Assets, Global Credit and Investment Solutions.

”Carlyle is known for its ability to transform businesses, working closely in partnership with management teams and other key stakeholders to drive sustainable long-term growth. I am very impressed with Carlyle’s track record in a number of key industry sectors, including its leadership position in financial services, not just in India but across Asia,” Puri said. Look forward to leveraging Puri’s deep expertise and relationships to source new investment opportunities and to help portfolio companies build better businesses, Carlyle Asia, Chairman and Managing Director X D Yang said.

Puri, who has led HDFC Bank since its inception over 25 years ago, retired last Monday after a highly successful career which has made his bank the largest among private sector lenders. While heading a foreign bank’s operations in Malaysia in the early 1990s, Puri got an offer from Deepak Parekh of mortgage major HDFC to come back to India to start a bank in an economy which had shifted gears with liberalization moves.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
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Top stock tips by Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakkar for Monday

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

CNBC-TV18’s in-house panel of experts has laid down a list of stocks for the investors to buy/sell in trade today.

Indian shares are set for a positive start on Monday amid largely positive cues and the ongoing Q2 earnings season. The Singapore-based SGX Nifty indicated a strong start for Indian equities. CNBC-TV18’s in-house panel of experts has laid down a list of stocks for the investors to buy/sell in trade today.

Here are the top buy-sell calls by market experts for Monday:

Ashwani Gujral – ashwanigujral.com

– Buy TVS Motor Company with a stop loss of Rs 450, target at Rs 465

– Buy HPCL with a stop loss of Rs 183, target at Rs 197

– Buy Amara Raja with a stop loss of Rs 760, target at Rs 785

– Sell Bharti Airtel with a stop loss of Rs 440, target at Rs 415

– Sell Maruti with a stop loss of Rs 7,050, target at Rs 6,800

Sudarshan Sukhani – s2analytics.com

– Buy TCS with a stop loss of Rs 2,645, target at Rs 2,690

– Buy Apollo Hospitals with a stop loss of Rs 2,090, target at Rs 2,160

– Buy Tata Steel with a stop loss of Rs 404, target at Rs 416

– Sell Jubilant Food with a stop loss of Rs 2,205, target at Rs 2,140

Mitessh Thakkar – mitesshthakkar.com

– Buy Apollo Tyres with a stop loss of Rs 137, target at Rs 147

– Sell Godrej Consumer with a stop loss of Rs 678, target at Rs 640

– Buy Godrej Properties with a stop loss of Rs 1,009, target at Rs 1,100

– Buy HPCL with a stop loss of Rs 184, target at Rs 195

Catch all live market updates here

Disclaimer: CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
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Win WRX (WazirX token) worth Rs. 1500.
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Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

MarketBuzz Podcast With Reema Tendulkar: Sensex, Nifty likely to open positive; RIL, ICICI Bank, UPL in focus

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The Indian stock market is expected to open sharply higher on Monday as the SGX Nifty was trading 86 points higher at 11,679.20, at 7:35 am, indicating a positive opening for the Sensex and the Nifty50.

The Indian stock market is expected to open sharply higher on Monday as the SGX Nifty was trading 86 points higher at 11,679.20, at 7:35 am, indicating a positive opening for the Sensex and the Nifty50.


About MarketBuzz

The CNBCTV18.com podcast on the big themes, vital news and key events that you should know before the opening bell, powered by CNBC-TV18 anchors.MarketBuzz is your daily morning briefing by CNBC-TV18 research analysts and anchors Sonia Shenoy, Ekta Batra, Anisha Jain, Nigel D’Souza and Mangalam Maloo to jumpstart your stock market investing. Subscribe to our free podcasts on Audioboom or listen on the featured podcast page on CNBCTV18.com.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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COVID-19 facility should have provision for psychiatric consultation: Health Ministry

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

The Union health ministry on Sunday issued ’Guidelines on Managing Mental Illness in Hospital Settings during COVID-19’ stating there are at least three groups affected by mental health concerns during the pandemic.

Highlighting that coronavirus pandemic has induced mental health concerns, both pre-existing and new-onset triggered by lifestyle restrictions and uncertain future, the Centre has issued guidelines stating that COVID-19 facilities should have provision for psychiatric consultation.

The Union health ministry on Sunday issued ’Guidelines on Managing Mental Illness in Hospital Settings during COVID-19’ stating there are at least three groups affected by mental health concerns during the pandemic.

Research suggests that depression (present in about 30 percent of diagnosed patients) and symptoms of post-traumatic stress disorder (almost everybody diagnosed with COVID-19–96 percent) could be extremely high. Secondly, pre-existent patients with psychiatric disorders may experience a recurrence or worsening of their symptoms during the pandemic.

Thirdly, a wide variety of psychiatric symptoms, including anxiety (ranging from mild to severe), worries, non-specific psychological distress, depression, stress symptoms, insomnia, hallucinations, paranoid and suicidal ideations, among others, have been noted during the pandemic. ”In addition, worries related to restriction of lifestyles, issues related to special populations including children and adolescents, job losses and uncertainty about future, increase in domestic violence and child abuse have also been reported.

”Therefore, there is a need for specific guidelines for medical officers and mental health professionals on how to prevent the infection and provide COVID-19 related care in hospital-based settings,” the document stated. The COVID-19 pandemic has put an inordinate strain on health facilities, and posed unique challenges to mental health care delivery, both in the community and institutional and hospital settings, it said.

According to the guidelines, COVID-19 facility should have a facility for consultation with a psychiatrist either in person or by tele-consultation, while admitting a person with mental illness and at no point should any psychotropic medication be stopped abruptly without a psychiatrist’s advice, unless in case of a life-threatening emergency. Also, the bed allocated for the patient should be preferably close to the nursing station to ensure he or she can be observed round-the-clock while steps must be taken to ensure that the windows are well boarded and there is no access to instruments to harm self/others, they said.

Information about PPE and social distancing can be provided using simple language and visual depictions or videos and contact with caregivers should be maintained via video-call facility at set times in the day. Care-givers must be provided daily updates regarding both physical and mental health condition of the patient, the guidelines stated.

The challenges faced by mental health service providers include difficulty in isolating/quarantining patients with active symptoms of mania and acute psychosis, as well as people with mental health emergencies. Also, patients with psychiatric disorders (by virtue of their symptoms) may not cooperate during swabbing and testing and thus may have to be sedated, and some of the procedures and appropriate tests may get delayed.

”Staff has to be in close contact with some of the patients who are at risk of violence or suicidality and to keep a check on them frequently. ”Some patients may be uncooperative or at times hostile (for example, those with delusional disorders, psychotic disorders) to the treating team, creating additional challenges to the health providers. Provisions of the Mental Healthcare Act, 2017 have to be complied with-particularly those related to assessment of capacity, supported admission, etc,” the document highlighted.

Besides, homeless persons with mental illnesses are usually brought (including those with intellectual disabilities) to Mental Health Establishments (MHEs). Such patients often fail to provide proper history and no reliable informants would be available in most cases. Also the lack of identity proof and valid phone number for the COVID testing (prerequisite as per the ICMR guidelines) are commonly seen in this population, adding to the challenges faced by the mental health service providers, it said. ”Patients and caregivers need to be encouraged not to visit OPDs of MHEs unless any emergency arises. In case of difficulty in procuring medications locally, they can contact the local/state/national helpline number services for further assistance.

”Services like home visits for patients who are unable to visit the OPDs, but require clinical consultation need to be initiated,” the guidelines said. The guidelines also stated that MHEs need to constitute a Hospital Infection Committee which ensures the implementation of the newer norms recommended by the health ministry during the pandemic at their establishments, so as to safely practice mental health services.

As far as outpatient facilities are concerned, only appointment-based OPD consultations to prevent crowding should be encouraged. In addition, provision for telemedicine/tele-psychiatry services shall be utilised for reducing the footfalls further.

The document mentions guidelines for management of COVID-19 in special populations — elderly with mental illness, perinatal women with mental illness, children and adolescents with mental illness, substance use disorder (Alcohol) and substance use disorder (Tobacco).

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?