Trump receives standing ovation in Israeli Parliament
Speaker calls Trump “a giant of Jewish history"
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Tel Aviv: United States President Donald Trump received an extended standing ovation from Israeli lawmakers, as he addressed Israel’s parliament, the Knesset after Hamas released the remaining 20 hostages under a Gaza ceasefire agreement on Monday.
Trump arrived in Tel Aviv to a red-carpet welcome, aboard Air Force One and was accompanied by his special envoy Steve Witkoff, daughter Ivanka Trump, and son-in-law Jared Kushner. He was greeted by Knesset Speaker Amir Ohana, who hailed him as “a giant of Jewish history.” He was scheduled to visit Jerusalem for his address outlining his Middle East peace vision.
“Welcome to Jerusalem. Welcome to the Knesset. We’ve been longing for this day,” Ohana said, drawing applause from the chamber. In his remarks, Ohana compared Trump to Cyrus the Great, the ancient Persian ruler who allowed Jews to return to Jerusalem in the sixth century BCE, adding that “the world needs more Trumps, brave, resolute, and bold leaders who do not bow to appeasement.”
Ohana also announced that Israel would support a Nobel Peace Prize nomination for Trump next year, citing his influence on the region’s recent developments.
Addressing the assembly, Prime Minister Benjamin Netanyahu, thanked Trump for his administration’s support during recent joint US-Israel military operations and for recognising Israel’s sovereignty over the Golan Heights. “Donald Trump is the greatest friend the State of Israel has ever had in the White House. No American president has ever done more for Israel,” Netanyahu said.
He credited Trump’s backing with helping Israel secure a second hostage deal “within weeks” of his election and for reversing diplomatic pressure on Israel during its conflict with Hamas. Netanyahu will not attend the upcoming ceasefire ceremony in Egypt due to the proximity of the Jewish holiday of Simchat Torah.
By Monday afternoon, the 20 freed all male hostages had returned to Israel for medical evaluation and reunions with their families. The remains of 28 others killed in captivity are also expected to be handed over under the terms of the agreement.
Following his address in Jerusalem, President Trump is expected to travel to Egypt to participate in the formal signing of the ceasefire accord alongside regional leaders.
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Sensex, Nifty tumble as Budget proposes to raise Securities Transaction Tax to 0.05 pc on commodity
Mumbai (PTI): Stock market benchmark indices Sensex and Nifty tumbled on Sunday afternoon trade after the Budget proposed to raise Securities Transaction Tax to 0.05 per cent on commodity futures from 0.02 per cent.
The government will tax buyback proceeds for all types of shareholders as capital gains, Finance Minister Nirmala Sitharaman said on Sunday.
After fluctuating in early trade, the 30-share BSE Sensex later bounced back but pared all gains amid the Budget presentation.
It later plunged 2,370.36 points, or 2.88 per cent, to slip below the 80,000-mark to 79,899.42 during the afternoon trade. The 50-share NSE Nifty tanked 748.9 points, or 2.95 per cent, to 24,571.75.
From the 30 Sensex firms, Bharat Electronics tanked 6.50 per cent. State Bank of India, HCL Tech, Tata Steel, Asian Paints, and Eternal were also among the laggards.
Sun Pharma, Sun Pharma, Kotak Mahindra Bank, and Tata Consultancy Services were the gainers.
"The increase in Securities Transaction Tax (STT), especially in futures and options, is likely to act as a marginal negative for foreign portfolio investor (FPI) flows in the near term, particularly for high-frequency and derivative-focused global funds," Aakash Shah, Technical Research Analyst at Choice Equity Broking, said.
Foreign institutional investors bought equities worth Rs 2,251.37 crore on Friday, according to exchange data.
Asian markets are closed on Sunday due to holidays. US markets ended lower on Friday.
On Friday, the Sensex declined 296.59 points, or 0.36 per cent, to settle at 82,269.78. The Nifty dropped 98.25 points, or 0.39 per cent, to end at 25,320.65.
