Pak NSA scraps Kabul visit in face of massive anti-Pakistan protests

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New Delhi, Jan 19 | Amid a planned anti-Pakistan protest in Kabul, the Pakistan National Security Adviser (NSA) has quietly scrapped his trip to Afghanistan, Pajhwok News reported.

Moeed Yusuf was scheduled to arrive in Kabul on Tuesday at the head of a high-level delegation for talks on humanitarian aid for the Afghans and other issues of bilateral importance.

However, the NSA had to cancel his two-day visit as a massive protest against Pakistan was planned at the Hamid Karzai International Airport in Kabul, the report said.

A well-placed diplomatic source confided to Pajhwok Afghan News, Yusuf decided against visiting Afghanistan capital to escape embarrassment.

Hundreds of Afghans carrying anti-Pakistan banners marched near the airport to protest what they called Pakistan’s two-faced policy, the source said.

He claimed tensions were rising between the neighbours over fencing of the British-era Durand Line, which Kabul does not recognise as a formal international border.

Meanwhile, a Kabul-based social media user wrote that the Taliban had detained human rights activist Azim Azimi for organising the anti-Pakistan demonstration.

On the other hand, Pakistan officials say the NSA’s visit had been postponed due to bad weather. They dismissed the impression that there are differences between the Taliban and Islamabad.

“We have been in contact with Kabul both on Durand Line fencing and the presence of Pakistani Taliban in Afghanistan,” one official said, denying rifts between the two sides.

Source: IANS

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Share Market Closing Bell: Nifty ends around 15,800, Sensex tanks 1,416 pts

Share Market Closing Bell: Nifty ends around 15,800, Sensex tanks 1,416 pts

On the back of Global Clues and SGX, Nifty opened on a gap down note & continued downside momentum throughout the day and closed the session at 15809.40 level with a loss of 430.90. However, Bank nifty closed the session at 33315.65 level with a loss of 848.05 points.

India VIX closed at 24.56 up by 10.13% which is a sign of more volatility in upcoming sessions.47 stocks out of NIFTY 50 closed in RED which suggest broad based selling. All the sectoral indices were ended in the red with metal, IT indices down 4-5 percent.

Despite one way fall, Stocks like ITC, DRREDDY, POWERGRID were the top gainers, While WIPRO, HCLTECH, INFY, TCS & TECHM were prime losers. On a daily chart, Nifty has formed a Bearish candle which indicates downside momentum for an upcoming session. Moreover, Nifty is showing support from horizontal line i.e., 15750 levels which is make or break level. In addition, Nifty has been sustained above the 21-Monthly Moving Average which indicates a bounce back from lower levels can be seen.

However, the momentum indicators MACD & Stochastic were trading with a negative crossover & trading in oversold zone which is a sign of sideways to negative trend in Nifty. The Nifty may find Strong support around 15700 levels, breaching below it can show more downside till 15500 levels while on the upside 16000 may act as an immediate hurdle. On the other hand, Bank nifty has support at 32800 levels while resistance at 34500 levels.

Palak Kothari
Research Associate
Choice Broking

Source: Choice India

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