Taliban govt downplays IS threat, arrests 600 militants

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Kabul, Nov 11 | The Taliban-led government in Afghanistan has downplayed the security threat posed by the Islamic State (IS), saying security forces have arrested 600 militants affiliated with the terror group over the past three months.

“The security forces of the Islamic Emirate have destroyed 21 bases of the IS group in different provinces including Kabul, Nangarhar and Herat and also captured about 600 militants over the past three months,” Xinhua news agency quoted Taliban spokesman Zabihullah Mujahid as saying to reporters at a press briefing here.

Mujahid said the group doesn’t enjoy support from Afghans and its activities are under control.

The spokesman also assured that the crackdown on the armed group would continue.

“Afghanistan’s soil won’t be used against any country.”

The remarks come as the US and its allies are concerned over alleged presence of Al Qaeda, IS and and other terror outfits in Afghanistan.

Responding to a question, Mujahid said that Afghanistan attaches great importance to developing ties with its neighbours and seeks to boost trade and economic cooperation with them.

Mujahid also said that acting Foreign Minister Mullah Amir Khan Muttaqi was currently on a visit to Islamabad to discuss with Pakistani officials the matters concerning mutual interests including trade and economic cooperation.

Also speaking at the briefing, Khalil Hamraz, head of public relations of the General Directorate of Intelligence, or the country’s counter-intelligence agency, said that the agency would continue to crack down on the IS operatives and criminals including kidnappers, thieves and all those who violate law and order.

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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