PM Modi appeals to Russia and Ukraine to have ceasefire, take path of dialogue

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New Delhi, May 3 | Prime Minister Narendra Modi on Tuesday again appealed to Russia and Ukraine to have an immediate ceasefire and to take path of dialogue as his Danish counterpart Mette Frederiksen hoped that India will influence Russia to stop the crisis.

The appeal was made by Modi, while making a statement following talks with the Danish Prime Minister in Copenhagen, where he reached on the second leg of his three-nation European tour.

“We call for an immediate ceasefire in Ukraine and take path of dialogue and diplomacy to resolve the issue,” he said.

Frederiksen said that as India is close partner, she and Modi discussed war in Ukraine. “We discussed consequences of horrible crimes committed against civilians and humanitarian crisis in Ukraine.”

She said that killings of civilians in Bucha are deeply shocking. Both the Prime Ministers condemned these killings and and stressed the need for an independent investigation.

Frederiksen said that Denmark and the entire European Union strongly condemn Russia’s unlawful and unprovoked invasion of Ukraine.

“My message is very clear – (Russian President Vladimir) Putin has to stop this war and end the killings,” she said. She also said that she hopes that India will influence Russia to stop the war.

Modi landed in Copenhagen on Tuesday and held talks with Frederiksen to enhance the bilateral relationship.

Delegation-level talks were also held and some MoUs signed.

Modi, in a statement, said that he delighted that there have been “important developments” in various areas, especially in renewable energy, health, ports, shipping, circular economy and water management.

He also pointed out that more than 200 Danish companies are working in different sectors in India. “These companies are benefiting from increased ease of doing business and economic reforms in India,” he said.

According to the statement, both sides reviewed progress in the Green Strategic Partnership. “They also discussed our wide-ranging cooperation in areas of skill development, climate, renewable energy, Arctic, P2P ties and other issues.”

After reaching the Danish capital, Modi, in a tweet, said: “I am very grateful to PM Frederiksen for the warm welcome. This visit will go a long way in further cementing India-Denmark ties.”

Modi was received by Frederiksen at the airport and from there, they moved to Marienborg, the official residence of the Prime Minister.

He is also slated to participate in the Second India-Nordic Summit with the Prime Ministers of Denmark, Iceland, Finland, Sweden, and Norway.

At the India-Nordic Summit, Modi will talk to the Nordic nations to strengthen the areas of climate change, renewable energy, and innovation and technology.

Modi will also hold bilateral talks with his counterparts Katrin Jacobsdottir (Iceland), Jonas Gahr Store (Norway), Sanna Marin (Finland), and Magdalena Andersson (Sweden).

On the first leg of his visit, Modi was in Germany where he held talks with Chancellor Olaf Scholz over wide range of issues, including regional and global matters.

He was received a warm welcome from members of the Indian community and met several top business leaders.

On the last stretch, Modi will visit France and meet President Emmanuel Macron.

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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