ATP backs WT asks China to come clean on tennis player Peng Shuai’s wellbeing

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ATP backs WT asks China to come clean on tennis player Peng Shuai's wellbeing
ATP backs WT asks China to come clean on tennis player Peng Shuai's wellbeing

New York, Dec 3 | ATP backs WT asks China to come clean on tennis player Peng Shuai’s wellbeing. The Association of Tennis Professionals (ATP) has thrown its weight behind the Women’s Tennis Association (WTA), expressing concern over the well-being of Chinese tennis star Peng Shuai, who disappeared from public view for three weeks after accusing a top Chinese government official of sexual assault.

WTA chief Steve Simon recently said that he has “serious doubts” that Peng was “free, safe and not subject to intimidation”. He also announced suspension of all WTA tournaments in China, including Hong Kong, with immediate effect till the country investigates in a full, fair and transparent manner the allegation of sexual assault made against a former senior politician by the 35-year-old doubles player.

Late on Thursday, the ATP, the body which governs men’s international tennis, said, “the situation involving Peng Shuai continues to raise serious”.

ATP chairman, Andrea Gaudenzi, issued a statement, saying, “The situation involving Peng Shuai continues to raise serious concerns within and beyond our sport. The response to those concerns has so far fallen short. We again urge for a line of open direct communication between the player and the WTA in order to establish a clearer picture of her situation.

“We know that sport can have a positive influence on society and generally believe that having a global presence gives us the best chance of creating opportunity and making an impact,” said Gaudenzi.

“We will continue to consult with our members and monitor any developments as this issue evolves.”

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WTA administration and players have been in total support of Peng Shuai ever since screenshots of her social media post were shared on Twitter and the WTA has regularly demanded verifiable proof from Chinese government that Peng Shuai is “free, safe and not subject to censorship, coercion, and intimidation”.

Chinese authorities have released videos of her at a restaurant and also arranged for a video call with senior officials of the International Olympic Committee (IOC), but WTA is not convinced, thus resulting in the suspension of all its tournaments in China.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.

While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.

Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.

Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.

On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

 

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