UN envoy urges coordinated approach to address Israeli-Palestinian peace


United Nations, Jan 20 | Tor Wennesland, UN Special Coordinator for the Middle East Peace Process, stressed the urgent need for a coordinated approach to address political, economic and institutional obstacles to Israeli-Palestinian peace.

The deterioration of the economic, security and political situation across the occupied Palestinian territory continues and urgent steps are required to prevent the situation from worsening, he told the Security Council in a briefing.

The Palestinian Authority’s fiscal situation continues to be dire, threatening its institutional stability and its ability to provide services to its people, he said.

Violence continues unabated across the occupied Palestinian territory, including settler violence, leading to numerous Palestinian and Israeli casualties and increasing the risk of a broader escalation. Settlement activity, demolitions, and evictions also continued, feeding hopelessness and further diminishing prospects for a negotiated solution, Wennesland claimed.

“We must be frank about what is needed to reverse these trends and provide momentum toward a reinvigorated peace process. Piecemeal approaches and half measures will only ensure that the underlying issues perpetuating the conflict continue to fester and worsen over time,” said the envoy.

Unilateral steps and conflict drivers must stop, he said, adding that political and economic reforms must be implemented to ensure the Palestinian Authority’s continued ability to function effectively, while boosting donor confidence and support.

Above all, he said, efforts by the parties and the international community to stabilise and improve conditions on the ground should be linked to a political framework.

“Without a realistic prospect of an end to the occupation and the realization of a two-state solution based on UN resolutions, international law and previous agreements, it is only a matter of time before we face an irreversible, dangerous collapse and widespread instability.”

The UN will continue to actively engage with regional and international partners and with Israeli and Palestinian leaders to reach a just, comprehensive and lasting settlement of the Palestinian-Israeli conflict, said Wennesland.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.

While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.

Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.

Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.

On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India



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