Pak govt slammed for ‘policy of appeasement’ towards terror outfits

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New Delhi, Jan 25 | The Pakistan opposition in the Senate slammed the Imran Khan government for what it called “a policy of appeasement” towards terrorist outfits, noting that talks with those who challenged writ of the state had emboldened and encouraged such actors, Dawn reported.

Speaking on an adjournment motion on the rising tide of terrorism, opposition senators also voiced concern over talks with the outlawed Tehreek-i-Taliban Pakistan (TTP), which were being held through a government that was not recognised by any country of the world.

Former Senate Chairman Raza Rabbani said the state had been patronising extremist right wing forces and religious groups, adding that TTP was said to be reorganising in Afghanistan, Dawn news reported.

He said that the TTP kept on violating a ceasefire agreement, but the government still says its doors are open for talks.

Senator Tahir Bizenjo of the National Party said that over the last 10 days, eight terrorist attacks had taken place across Pakistan while Nawabzada Umar Farooq Kasi said that negotiating with terrorists only encouraged them.

Jamaat-i-Islami Senator Mushtaq Ahmad regretted that terrorists and target killers ruled the roost and demanded that former military ruler Pervez Musharraf be brought to Pakistan and tried for his surrender before the US and the murder of Nawab Akbar Bugti.

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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