Qatar to represent US interests in Afghanistan: Blinken

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Washington, Nov 13 | US Secretary of State Antony Blinken said that Qatar has agreed to represent American interests in Afghanistan following the closure of the Embassy in Kabul in August.

Blinken made the announcement at a news conference on Friday after holding talks with Qatar’s Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani, reports Xinhua news agency.

“Today, we’re signing two new agreements that reflect our deepening collaboration on Afghanistan. The first establishes Qatar as the US’ protecting power in Afghanistan,” said Blinken.

Qatar will establish a US intersection within its Embassy in Afghanistan to provide certain consular services and monitor the security of American diplomatic facilities in Afghanistan, Blinken said.

“The second agreement formalizes our partnership with Qatar to facilitate the travel of Afghans with US special immigrant visas, a role that it’s already been playing in many instances and serve as a transit point for eligible Afghans as they complete their application process.

“Of the more than 124,000 people evacuated from Afghanistan in August, roughly half transited through Qatar,” the Secretary of State added.

On his part, Al Thani said Qatar will “continue to be an instrument of peace and stability in the region”.

“There is still much to be done in Afghanistan, and Qatar remains committed to continue the necessary work alongside with the US and partners around the world,” the Minister said.

“we are dedicated to contributing to the stability of Afghanistan and the safety and well-being of the Afghan people.”

Afghanistan fell to the Taliban after the US completed its withdrawal from the war-torn nation at the end of August, ending its 20-year war against terror.

Over 2,400 US troops had been killed in Afghanistan over the past two decades, with 20,000 wounded, according to the Pentagon.

Estimates showed that over 66,000 Afghan troops had been killed, and over 2.7 million people were displaced as a result of the conflict.

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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