Pak eases norm for 10 days advance intimation before Kartarpur visit

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New Delhi, Nov 19 | Pakistan has decided to relax its mutually laid limit with India of 10 days advance intimation before the arrival of Sikh pilgrims to visit the Kartarpur gurdwara, Geo News reported citing sources as saying.

The sources said the decision has been taken by Pakistan as a sign of respect for the religious sentiments of the Sikh pilgrims given India’s last-minute decision to open the Kartarpur Corridor, which was likely to cause the worshippers inconvenience, the report said.

Pakistan has given a relaxation till November 30 and expects the Indian government will follow the agreed process for visitors from December 1 onwards, the report added.

India and Pakistan are both required to process lists of Sikh pilgrims 10 days before their visit to Kartarpur to allow for necessary procedural clearances.

The Kartarpur Corridor, which links Gurdwara Darbar Sahib in Pakistan, the final resting place of Sikhism founder Guru Nanak Dev, to Dera Baba Nanak shrine in Gurdaspur district, reopened on Wednesday.

Pilgrimage to the Kartarpur Sahib gurdwara was suspended in March 2020 due to the Covid-19 pandemic.

Thousands of Sikh pilgrims have been crossing the border into Pakistan from India and the rest of the world since Wednesday to celebrate the birth anniversary of their religion’s founder, the report said.

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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