Russia prevents US destroyer from violating territorial waters in Sea of Japan

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Moscow, Oct 16 | A Russian anti-submarine ship tracked down a US naval destroyer and prevented the foreign vessel from violating the country’s territorial waters in the Sea of Japan, the Defence Ministry’s Zvezda broadcasting service said in a statement.

The destroyer USS Chafee approached Russia’s territorial waters and attempted to cross the state border after operating in the Sea of Japan for several days, Xinhua news agency quoted Zvezda as saying in a report.

Russia’s anti-submarine ship Admiral Tributs tracked down the foreign warship, issued a warning notifying the destroyer about the inadmissibility of such actions, and had to drive the intruder from the territorial waters when the US warship didn’t change its course following the warning.

The US vessel changed direction and turned back later when the Russian warship was less than 60 metres away.

The American destroyer’s actions were a gross violation of the International Regulations for Preventing Collisions at Sea as well as the 1972 Soviet-US Agreement on the Prevention of Incidents On and Over the High Seas, Zvezda added.

The Defence Ministry later summoned the Defence Attache at the US Embassy in Moscow over the violation.

Source: IANS

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Share Market Closing Bell: Nifty ends below 16,150, Sensex falls 236 pts

Share Market Closing Bell: Nifty ends below 16,150, Sensex falls 236 pts

The NIFTY 50 had a positive opening and made an intraday high at 16262.80 level but showed selling pressure from the top and made an intraday low at 16078.60 level and closed the session at 16125.15 level with a loss of 89.55 points However, Bank nifty closed the session at 34290 level with a gain of 42 points. VIX closed at 25.70 up by 9.83%.

33 stocks out of NIFTY 50 closed in Red which suggest broad based selling. Nifty Healthcare, FMCG, IT, capital goods indices down 1 percent each while Nifty Auto & Bank ended in Green. Nifty Stocks like DRREDDY, GNFC, POWERGRID, KOTAKBANK were the top gainers, While DIVISLAB, TECHM, GRASIM & HINDUNILVR were top losers. The Nifty has confirmed the shooting star kind of pattern on a daily time frame which indicates downside movement momentum for an upcoming session.

Moreover, from the last 14 days Nifty has been trading in a range of 15750-16410 levels, either side breakout can direct further direction. In addition, Nifty has given a closing below 21-Day Moving Average which indicates weakness in the Nifty.

However, the momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone on a daily chart which suggest a northward journey in the Nifty. The Nifty may find Strong support around 16000 levels, while on the upside 16300 may act as an immediate hurdle. On the other hand, Bank nifty has support at 33600 levels while resistance at 34800 levels.

Palak Kothari
Research Associate
Choice Broking

Source: Choice India

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