India, US hold talks under shadow of Washington’s Afghanistan retreat

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By Arul Louis
New York, Sep 2 |
Meeting under the shadow of Washington’s retreat from Afghanistan, diplomats and defence officials of India and the US have discussed the recent developments in the region and cooperation in counter-terrorism.

Defence Department spokesperson Lt Col Martin Meiners said on Thursday: “Building on growing bilateral ties, US and Indian officials discussed new opportunities to strengthen multilateral cooperation between the United States, India, and other like-minded partners.”

He said that they “exchanged views on a range of regional issues of shared interest, including in South Asia, East and Southeast Asia, and the Western Indian Ocean” at their meeting on Wednesday.

“(Assistant Defense Secretary for Indo-Pacific Affairs Ely) Ratner expressed his confidence that the United States and India will continue to take their partnership to new heights as they jointly meet the challenges of this century,” Meiners said.

Known as an “intersessional” dialogue in India and “intersectional” in the US, the meeting at the level of Joint Secretaries takes stock of the current developments and the cooperation between the annual high-level 2+2 ministerial meetings.

A readout of the meeting issued by India’s Ministry of External Affairs said that they “considered possibility of enhancing collaboration in areas of counterterrorism, HADR (humanitarian assistance and disaster relief) and maritime security and “exchanged assessments of the recent developments in South Asia”.

Neither of the statements specifically mentioned Afghanistan where the US completed a chaotic pullout of its military on Tuesday following the Taliban takeover of the country, which impacts the regional strategic scenario and brings up new threats of terrorism, especially to India.

The Indian side at the dialogue was led by its Defence Ministry’s Joint Secretary, International Cooperation, Somnath Ghosh, and the External Affairs Ministry’s Joint Secretary, Americas, Vani Rao, and the US side by Assistant Defense Secretary for Indo-Pacific Affairs Ratner, and Principal Deputy Assistant Secretary of State for South and Central Asian Affairs, Ervin Massinga.

Meiners said that the dialogue “spanned the US-India comprehensive global strategic partnership, including climate, public health, defence, trade, technology and governance”.

He said that the officials were “committed to driving greater interoperability between the US and Indian militaries” and they “discussed bilateral and multilateral joint service engagements” and “progress toward operationalising key bilateral initiatives on information-sharing, logistics, defence industrial cooperation, and joint doctrine engagement through liaison exchanges”.

Advancing “cooperation in new domains, such as space, cyber, and emerging technology areas” also figured in their talks, Meiners said.

The last 2+2 Ministerial Dialgoue was held in New Delhi in October just before the US elections and the US was represented by Secretary of State Mike Pompeo and Defence Secretary Mark Esper, both of whom are now out of office.

The next meeting is to be held later this year in Washington will be with the officials of President Joe Biden’s administration.

(Arul Louis can be reached at arul.l@ians.in and followed at @arulouis)

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

On a weekly expiry day, Nifty opened on positive note and have a dip to make an intraday low at 15367.50 level but showed bounce back moment as managed to close at 15556.65 level with a gain of 143 points. Bank Nifty closed the session at 33135 level with a gain of 289.70 points. 45 Out of Nifty 50 ended in green which suggest broad based buying.

All the sectoral indices managed to close in green expect Energy while Nifty Auto was top gainer. Among Nifty Stock, MARUTI, EICHERMOT, HEROMOTOCO & M&M were the top gainers, While RELIANCE, COALINDIA, POWERGRID & GRASIM were the prima laggards. India VIX closed at 20.88 level with a loss of 1.97%. On Technical Front, The Nifty has formed bullish candle but faced resistance at 21 Four-Hourly Moving Average i.e., 15647 which suggest crossing above the same can show more upside rally.

Nifty has been trading in range of 15200-15700 level while breaching either side can suggest further direction of breakouts. Nifty has given above 50-Hourly Moving Averages which indicate it can show upside moment in the counter. On the Nifty OI Data, On the call side ,the highest OI witnessed at 16000 level while on the put side was at 15500 Niftg level followed by 15300 levels. The momentum indicators Stochastic is trading with a positive crossover on a daily chart which suggest northward journey in the Nifty.

The Nifty may find support around 15200 levels while on the upside 15700 may act as an immediate hurdle. On the other hand, Bank Nifty has support at 32300 levels while resistance at 33800 levels.

Overall, Sector specific momentum has been observed, crossing above 15700 Nifty can show more upside rally.

Market entering into buy on dips pattern.

Palak Kothari
Senior Technical Analyst
Choice Broking

Source: Choice India

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The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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