India sees 6% spike in demand for healthcare staff amid Omicron surge

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Bengaluru, Jan 17 | As India grapples with the Omicron Covid-19 variant surge and an understaffed healthcare industry, demand for medical professionals spiked in December 2021 with a 6 per cent month-on-month growth, new data showed on Monday.

Healthcare led with the highest intent to hire on account of staff shortage amidst rising Covid numbers, according to Monster Employment Index.

“Hiring numbers from the close of 2021 have certainly brought about a strong sense of hope and recovery across sectors,” said Sekhar Garisa, CEO of Monster.com, a Quess company.

“Given the spike in Covid cases, there has been a rise in job postings for Healthcare professionals in India. However, we remain cautiously optimistic on the growth of the Indian recruitment space in 2022, keeping in mind the possible impact of Omicron on the job market,” he added.

Demand for talent surged 12 per cent year-on-year in December, showcasing an optimistic recovery cycle at the close of the year.

The growth in hiring activity was witnessed in the last six months with a 6 per cent uptick, while December saw a monthly incline of 2 per cent as compared to the previous month.

Across industries, the month of December saw retail and agro-based industries witnessing a positive incline of 12 per cent, on account of multi-channel approaches, technological adoption and government initiatives.

The roles in HR and admin (5 per cent) and finance and accounts (4 per cent) also saw an uptick over the month.

A year-on-year (Dec 2021 vs Dec 2020) comparison indicates that industries such as retail (14 per cent) and travel and tourism (4 per cent) witnessed a revival and are estimated to grow further in 2022.

“Further, tier 2 cities such as Kolkata (13 per cent), Coimbatore (11 per cent), Kochi (5 per cent), and Baroda (2 per cent) observed favourable rise in hiring activity along with metro cities,” said the report.

On a year-on-year basis, hiring demand saw an incline in 22 out of 27 industries monitored by the Index.

The demand for entry-level and intermediate roles saw the highest month-on-month jump with 2 per cent growth.

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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