Good deal accessible in nuclear talks: Iran FM

12

Tehran, May 14 | Iranian Foreign Minister Hossein Amir Abdollahian said a “good” and “reliable” outcome is within reach in the Vienna talks on the revival of the 2015 nuclear deal if the US makes its political decision and adheres to its commitments.

Amir Abdollahian said that the visit of Enrique Mora, the EU chief coordinator for the Iran nuclear talks, and his talks with Iranian chief nuclear negotiator Ali Bagheri Kani “were another opportunity to focus on initiatives to resolve the remaining issues”, reports Xinhua news agency.

Henstressed the contacts among these sides are continuing.

Also on Friday, the EU foreign policy chief Josep Borrell said he believed there have been “enough progress” in the talks between Mora and Iranian officials in Tehran to relaunch nuclear negotiations after two months of deadlock.

In 2015, Iran signed the nuclear deal, formally known as the Joint Comprehensive Plan of Action (JCPOA), with world powers including the US.

However, former US President Donald Trump pulled Washington out of the agreement in May 2018 and reimposed sanctions on Iran, including freezing some of Tehran’s assets abroad, prompting the latter to drop some of its nuclear commitments under the agreement.

Since April 2021, eight rounds of talks have been held in the Austrian capital between Iran and the remaining JCPOA parties to revive the deal.

Iran insists on obtaining guarantees that the US government would not drop the deal again and the sanctions would be lifted in a verifiable manner.

Source: IANS

Next Story

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

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here