China’s population continued to grow in 2021

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Beijing, Jan 17 | China’s population has grown to 1.4126 billion by the end of last year, government data showed on Monday.

The latest population figure increased by 480,000 compared with the end of 2020, data from the National Bureau of Statistics (NBS) showed.

The figure does not include Hong Kong, Macao, and Taiwan residents and foreigners who live in the mainland’s 31 provinces, autonomous regions, and municipalities, Xinhua news agency quoted the NBS as saying.

The number of newborns in 2021 stood at 10.62 million, according to the NBS data, with the birth rate at 7.52 thousandths.

China’s population living in urban areas on the mainland increased by 12.05 million from the end of 2020 to 914.25 million by the end of 2021, representing 64.72 per cent of the total, the data showed.

Rural population stood at 498.35 million, down by 11.57 million from the end of 2020.

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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