India, China hold 12-hr long talks on border point disengagement

31

New Delhi, Jan 13 | India and China military delegates deliberated for over 12 hours focusing on disengagement at Patrolling Point 15 — Hot Springs.

The Wednesday meeting between the military commanders of the two countries at Moldo on the Chinese side started at 10 a.m. and ended at 10.30 p.m. This the 14th round of military talks between India and China to resolve the border dispute.

Talking about the military discussions, Indian Army chief General M.M. Naravane said on Wednesday that he hoped for some positive developments in the days ahead.

Along the Northern Borders, the Indian Army has continued to maintain the highest levels of operational preparedness, while engaging in sustained dialogue with the People’s Liberation Army, Gen Naravane had said.

“We hope to resolve Patrolling Point 15 (Hot Spring) in the current round of talks. Once that is done we will look at other issues which predate the current standoff,” he said.

After persistent joint efforts, mutual dis-engagement has taken place at many locations. “So there has been positive movement,” the Indian Army Chief said.

Replying to a query about the positive developments, the officer explained, “Talks have been going on for a long time. It is a good thing that talks are going on. We have to keep talking to each other. The 4-5th round of talks resulted in resolving patrolling point 14, the 9-10th round North and South Bank and Kailash ranges and subsequently patrolling point 17.”

However, the Indian Army chief said that while there has been partial disengagement, the threat has by no means reduced.

General Naravne said the force levels in areas where disengagement is yet to take place have been adequately enhanced. Threat assessment and internal deliberations have resulted in the reorganisation and realignment of forces in keeping with the Army’s mandate of ensuring territorial integrity and to cater for the major augmentation of the PLA forces, and military infrastructure.

Just ahead of talks, China has implemented new border law and has also renamed 15 places in Arunachal Pradesh on its map.

India and China have been engaged in an intense border dispute for around two years and are now in talks to resolve the issues.

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