Washington, Oct 19 | The US will not join talks on Afghanistan hosted by Russia this week, the Department of State has said.
“We will not participate in the Moscow talks,” State Department spokesperson Ned Price told reporters in a press briefing on Monday.
“The Troika-plus has been an effective, a constructive forum. We look forward to engaging in that forum going forward, but we’re not in a position to take part this week,” Price was quoted as saying by Xinhua news agency.
He said that the US is unable to join the talks due to logistic difficulties, adding the US side supports the process.
Meanwhile, Secretary of State Antony Blinken later in the day announced that US Special Representative for Afghanistan Reconciliation Zalmay Khalilzad is leaving his post and will be replaced by his deputy Thomas West.
The departure of Khalilzad, who served as special envoy for Afghanistan under presidents Donald Trump and Joe Biden, came less than two months after the US withdrawal from the country.
Russian special envoy for Afghanistan Zamir Kabulov said on Friday that Russia had invited the United States to participate in the upcoming talks on Afghanistan in Moscow, which would focus on post-conflict reconstruction and humanitarian assistance.
Russia has invited Taliban representatives to the meeting slated for October 20.
The Moscow-format consultations on Afghanistan were launched in 2017 on the basis of the six-party mechanism for consultations among representatives from Russia, Afghanistan, India, Pakistan, Iran and China.
Dalal Street found no relief with incessant sell off during the month. Nifty traded on a bearish note and ended at 16025.80 with loss of 99.35 points or 0.62 percent following weak global cues on Wednesday. While Banknifty closed at 34339.50 on the higher side with marginal gain of 49.35 points.
The weakness in US stocks is playing out globally with signs of higher inflation, which has spoiled investors’ appetite for the Indian market as well. Rising India VIX to 25.28 has led Indices to big intraday swings on both sides. Sectorally maximum sectors closed on the negative side as Nifty IT and Nifty Media sheds more than 3 percent each. While Nifty Financial Services ended on a positive side gaining 0.68 percent.
In nifty stocks, NTPC, HDFCLIFE, SBILIFE were the top gainers while ASIANPAINT, ADANIPORT and TECHM were the prime laggards. Coming to the OI Data, on the call side highest OI witnessed at 16200 followed by 16300 strike price while on the put side, the highest OI was at 15800 strike price. Technically, Nifty has formed three black crow patterns in the daily chart suggesting bearishness would remain intact. We expect a rise in volatility as well on monthly expiry day.
Riding against the trend may not be beneficial for short term traders. All major moving averages are lying above 16300 levels. Indicators such as MACD and RSI are still struggling to overcome the oversold zone in the daily time frame. Overall, Nifty is having support at 15800 mark while on the upside 16300 may act as an immediate resistance for monthly expiry. While Banknifty has support around 33500 while resistance is placed at 35200 on the daily chart.
Source: Choice India