Foreign investors continue to pull back money from the Indian equity market, withdrawing Rs 24,753 crore (about $2.8 billion) in the first week of March amid escalating global trade tensions and lacklustre corporate earnings.
Investors' wealth tumbled by Rs 7.46 lakh crore in morning trade on Friday, in-tandem with a sharp decline in the domestic equity market, with the benchmark Sensex plunging over 1,000 points following a bearish trend in global equities.
Investors' wealth tumbled by Rs 9 lakh crore on Friday, in tandem with a sharp decline in the domestic equity market, where the benchmark Sensex plunged 1,414 points following a bearish trend in global equities. Fresh tariff threats that ignited global trade war fears and relentless foreign fund outflows dented investor sentiment, analysts said.
Shafali Verma (44) and Jess Jonassen's (61 not out) fireworks underlined Delhi Capitals' complete domination as they crushed Gujarat Giants by six wickets.
A round-up of Wednesday's UEFA Champions League last-16 first leg matches.
Defeat will severely dent both the teams' dreams of a semi-final berth in the tournament, as South Africa and Australia have already notched two points.
Pakistan head coach Aaqib Javed has expressed his confidence in the pace trio of Shaheen Shah Afridi, Naseem Shah and Haris Rauf, saying they will deliver something special in the must-win Champions Trophy clash against India. Despite the absence of Fakhar Zaman, who was ruled out due to an injury, Javed believes the team is well-equipped to handle the pressure and has the potential to overcome the challenge.
The India men's team overcame an early goal to outclass Ireland 3-1 in the FIH Hockey Pro League match.
Equity benchmark indices Sensex and Nifty ended lower on Friday, dragged by auto stocks and relentless foreign fund outflows. Weak US markets and tariff threats also dented investor sentiment. The 30-share BSE benchmark Sensex dropped 424.90 points or 0.56 per cent to settle at 75,311.06.
West Indies' Chinelle Henry smashed a 23-ball 62, including eight sixes and two fours, to equal the record for the fastest fifty in the Women's Premier League.
A round-up of Tuesday's action in the Premier League.
Inter Kashi slipped to third after a goalless draw with SC Bengaluru later in the day. The Kashmir-Namdhari result also ensured Churchill Brothers, who are at 28 points, will remain top of the table until the end of Round 15, at least.
While the BJP has assured voters that these benefits will not be discontinued, AAP leaders have questioned the party's long-term commitment.
IT services company Infosys on Wednesday said it did not use force or intimidation tactics when it laid off trainees at Mysuru campus over performance-related issues, and that it was explaining the circumstances to the labour department authorities. In an interview to PTI, Shaji Mathew, chief human resources officer at Infosys, however, conceded that assessment failure percentages this time around have been "slightly higher" than in the past but dismissed charges that the tests had been designed for failure.
England captain Jos Buttler defended his team's training schedule during their white-ball tour of India.
'AAP lost as it failed to understand the need to serve people selflessly and took the wrong path. Money took the front seat which dented AAP's image, leading to its defeat'
Allegations of corruption against its leaders, constant bickering with the lieutenant governor over governance issues and a spirited campaign conducted by the Bharatiya Janata Party were enough to ensure a rout of the Aam Aadmi Party in the Delhi assembly polls, the results of which were declared on Saturday.
Yogendra Yadav, a founding member of the Aam Aadmi Party (AAP), believes the party's defeat in the Delhi Assembly polls is a setback for the entire opposition and raises questions about its future. He attributed the loss to factors like the liquor scam, the 'Sheesh Mahal' row, and the constant fights between the Delhi LG and the AAP government.
Hailing the Bharatiya Janata Party's Delhi assembly polls victory as 'historic', Prime Minister Narendra Modi on Saturday launched a stinging attack on the Aam Aadmi Party and the Congress, saying the country needs a serious political transformation and not politics of 'dhoort-ta (deceit) and moorkhta (foolishness)'.
The BJP coined a new word for AAP, 'Aapda (crisis)', which Modi repeated constantly during the election campaign to show how Delhi residents's lives had become miserable under AAP's 11-year rule.
Images from Saturday's action in the Premier League.
The Congress party suffered a crushing defeat in the Delhi elections, failing to secure a single seat in the 70-member assembly for the third consecutive time. Key candidates, including Sheila Dikshit's son, Sandeep Dikshit, lost their deposits. The only consolation for the party was a slight improvement in its vote share, which they attribute to a vigorous campaign and a renewed focus on contesting elections independently. However, the defeat raises questions about the party's ability to compete in the upcoming 2024 Lok Sabha elections, particularly in light of its performance in other recent state elections.
Images from the first One-Day International between India and England in Nagpur, on Thursday.
Shahid's heft is the only thing that keeps up the momentum in a mediocre rehash, dumbed down by flimsy motive and mindless bravado, sighs Sukanya Verma.
Gujarat and Himachal Pradesh are set for a high-stakes clash as they battle for the final quarter-final spot from Elite Group B.
Defending champions Mumbai announced their 16-member squad sans India stars Rohit Sharma, Yashasvi Jaiswal and Shreyas Iyer to take on Meghalaya in their must-win Ranji Trophy Elite Group A
Delhi faces a severe financial crunch and the deficit is largely due to numerous welfare schemes without adequate revenue flowing in. The success of welfare schemes and electoral promises will need careful financial planning and out of the box thinking to whip up additional revenue, notes Ramesh Menon.
Mumbai will now need to beat Meghalaya by a big margin and hope for favourable results in other matches to keep their quarter-final hopes alive.
While this will incur a revenue loss amounting to 0.2 per cent of GDP, it will provide a strong boost to consumer sentiment and spending, points out Rajani Sinha.
Chasing a paltry target of 83, India completed the job with 52 balls to spare, reaching 84 for 1 in 11.2 overs.
From the 30-share blue-chip pack, Mahindra & Mahindra, Zomato, Tata Motors, IndusInd Bank, Reliance Industries, Larsen & Toubro, UltraTech Cement, HDFC Bank, Adani Ports and Bajaj Finserv were among the major laggards. On the other hand, Hindustan Unilever, Tech Mahindra, Nestle, Bharti Airtel and ICICI Bank were among the gainers.
The wide-ranging sanctions imposed by the US on the Russian oil sector have started to dent near-term oil flows to India with state-owned Bharat Petroleum Corporation Ltd (BPCL) saying not enough cargoes are available for March.
Saud Shakeel and Mohammad Rizwan hit unbeaten half-centuries to help Pakistan overcome Jayden Seales' three-wicket burst
The BJP may win more seats in the February 5 assembly election, but not enough to trump AAP, notes Ramesh Menon.
Since November 2022, sectoral, midcap, and smallcap funds have collectively added nearly 39 million folios, which is 65 per cent of the total additions to equity funds over the past two years.
In mixed doubles, Tanisha Crasto and Dhruv Kapila advanced to the second round with a 8-21, 21-19, 21-17 victory over Chinese Taipei's Chen Cheng Kuan and Hsu Yin-Hui.
Magnificent Martinez helps Inter defeat Sparta Prague 1-0
From the 30-share blue-chip pack, Adani Ports, UltraTech Cement, Larsen & Toubro, Sun Pharma, HDFC Bank, ICICI Bank, NTPC and State Bank of India were the major laggards. Tata Consultancy Services, Reliance Industries, ITC, Asian Paints, HCL Tech and Maruti were among the gainers.
The Punjab spearhead cleaned up skipper Ruturaj Gaikwad (5) with a ripper before inducing an edge from Siddhesh Veer (0) to the wicketkeeper in the very next over.
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