The Nifty 50 started Thursday's session on a positive note and touched an intraday high of 24,134.70 in early trade. This level marked nearly a 61.8% retracement of the previous day's decline. However, the index failed to sustain at higher levels and gave up more than 150 points from the day's high in the second half of the session. Despite this late weakness, the index ended higher by 80.75 points, or 0.34%, and snapped its two-day losing streak. However, the close below the psychological 24,000 mark kept the recovery muted. Nifty Forms Inside Candle Thursday's price action resulted in the formation of an inside candle. This came after the previous session recorded the widest single-day range in over one month. The latest candle had a small green body and a long upper shadow, which indicates hesitation at higher levels. This suggests that while buying interest emerged after the recent decline, traders were not confident enough to carry positions aggressively. ...
An Arctic seed vault on Norway's Spitsbergen island received new samples last week from the largest number of depositors since 2020, reflecting fear about the threat of conflict and climate change to food security, a custodian of the facility said recently.
The Svalbard Global Seed Vault, set deep inside a mountain to withstand disasters from nuclear war to global warming, was launched in 2008 as a backup for the world's gene banks that store the genetic code for thousands of plant species.
Billed as a doomsday vault protected by permafrost, the deposit has received samples from across the world, and played a leading role between 2015 and 2019 in rebuilding seed collections damaged during the war in Syria.
"Climate change and conflict threaten infrastructure and impact food security for over 700 million people in more than 75 countries worldwide," Executive Director Stefan Schmitz of the Crop Trust said in a statement.
Among the new desposits, Bolivia's first contribution to the vault was made by the 400-year-old Universidad Mayor Real y Pontificia de San Francisco Xavier de Chuquisaca, and assembled by some 125 farming families from local communities.
"This deposit goes beyond conserving crops; it's about protecting our culture," the project coordinator of the Norway-funded Biodiversity for Opportunities, Livelihoods, and Development in Bolivia said in a statement.
Chad, another newcomer, deposited 1,145 samples of sesame, rice, maize and sorghum - all adapted to the country's climate and crucial for developing crops that can withstand rising temperatures and erratic rainfall.
The total of more than 30,000 new samples from 21 countries, also included seeds of vegetables, legumes and herbs from the Union of Agricultural Work Committees in the occupied Palestinian territories.
Located on a sparsely populated island halfway between mainland Europe and the North Pole, the vault's chambers are only opened two or three times a year to limit exposure to the outside world.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
from NDTV News- Special https://ift.tt/sAfgSBV
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