Taliban seeks int’l community’s backing for sanctions removal

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Kabul, Oct 29 | During a meeting with 14 foreign envoys, The Taliban’s Acting Foreign Minister Amir Khan Muttaqi has urged the international community’s support for the removal of sanctions on the incumbent government of Afghanistan led by the group, the media reported.

The meeting took place in Doha on Wednesday, TOLO News reported.

During the meeting, “Minister Muttaqi elaborated on the new Islamic government, ensuring security, ties with the international community, economic situation, sanctions imposed on Afghanistan, and elimination of corruption”, Foreign Ministry spokesman Abdul Qahar Balkhi said in a statement.

“Afghanistan is witnessing a dominant government in 40 years, therefore the international community should call on the US to remove sanctions on the Afghan people’s national wealth,” the Minister was quoted as saying in the meeting.

The new Afghan government “as a responsible government” fulfilled all of the conditions and that it should be recognised, he added.

In the meeting, reportedly mediated by the Qatari government, the envoys urged the Taliban to abide by international rules, respect human rights, guarantee safe passage to Afghanistan and eradicate terrorism.

Earlier on Wednesday, the Acting Foreign Minister held talks with Markus Potzel, Germany’s Ambassador-designate to Afghanistan.

Taking to Twitter, Potzel said: “Met de facto acting Taliban FM (Amir Khan) Muttaqi in Doha. We spoke about ongoing efforts to mitigate humanitarian crisis in Afghanistan.

“I reiterated importance of respect for human rights, especially women’s rights, safe passage & freedom of movement and unrestricted humanitarian access.”

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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