Commit to making 2022 a year of recovery for everyone: Guterres

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United Nations, Dec 29 | UN Secretary-General Antonio Guterres on Wednesday suggested that the world should commit to making 2022 as a year of recovery for everyone.

In his year-end message to the world, Guterres said: “The world welcomes 2022 with our hopes for the future being tested by deepening poverty and worsening inequality… An unequal distribution of Covid vaccines… climate commitments that fall short, and by ongoing conflict, division, and misinformation.”

He added that these are “not just policy tests”, but “moral and real-life tests”.

However, these are exams that all of humanity can pass “if we commit to making 2022 a year of recovery for everyone”, said the UN chief.

Guterres went on to detail how best the recovery should be done on each front.

The pandemic requires “a bold plan to vaccinate every person, everywhere”, he said.

And for an economic rescue, the UN chief flagged that wealthier countries must support the developing world with “financing, investment and debt relief”.

Meanwhile, to heal from mistrust and division, he affirmed that a new emphasis must be placed “on science, facts and reason”.

At the same time, recovery from conflicts calls for “a renewed spirit of dialogue, compromise and reconciliation” while restoring our planet takes “climate commitments that match the scale and urgency of the crisis”, said Guterres.

The UN head also acknowledged that “moments of great difficulty are also moments of great opportunity to come together in solidarity”.

This is because they offer the chance “to unite behind solutions that can benefit all people. And to move forward together, with hope in what our human family can accomplish”.

“Together, let’s make recovery our resolution for 2022. I wish you all a happy and peaceful New Year,” concluded the Secretary-General.

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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