The Nifty Options would add to SGX's suite of Asian equity derivatives, which include SGX S&P CNX Nifty futures, the dominant Indian product for international participants.
World number two Novak Djokovic hammered Swiss Stanislas Wawrinka 6-1, 6-4 to reach the Paris Masters semi-finals on Friday.
World No 3 Maria Sharapova withdrew on Monday from the end-of-season WTA Championship in Istanbul due to the shoulder injury that also kept her out of the US Open.
Cilic's booming serve lacked its usual accuracy and Germany's Kohlschreiber was able to control long rallies, pushing the towering Croatian around the court with pinpoint groundstrokes en route to a quick victory.
IMAGES from the matches played at the PNB Paribas Open at Indian Wells on Sunday
Both won in style on Sunday, with Spanish fifth seed Nadal pouncing on Guido Pella's serve to break the Argentine five times en route to a 6-3, 6-2 victory in sizzling afternoon heat on the stadium hard court.
The rupee on Tuesday recovered from its all-time intra day low of 77.79 to close higher by 7 paise on a stellar rally in domestic stock markets. After opening lower at 77.67, the local unit plunged further to its all-time intra-day low of 77.79 due to a spike in crude oil prices and disappointing macroeconomic data. However, a strong rally in domestic equities helped the rupee rebound and close at 77.48 (provisional), showing net gains of 7 paise over the last close of 77.55. The forex market was closed on Monday on account of Buddha Purnima.
IMAGES from the PNB Paribas Open played at Indian Wells in California on Monday
Out of the 30-share Sensex pack, 21 ended lower and one remained unchanged
India's top technology companies will witness a tepid revenue expansion in the third quarter (October - December) of the current financial year (Q3FY24) - along expected lines - on the back of furloughs and no blockbuster deals, even as the momentum gained from Generative AI (GenAI) is likely to take centre stage. IT services and consulting firm Accenture's first quarter numbers in FY24 showed a significant pick up in GenAI spending. It signed new bookings to the tune of $450 million in this space, a surge from the $300 million signed in the whole of FY23.
Serena Williams and Angelique Kerber, battling it out for the world number one ranking, are the first two women to qualify for the season-ending WTA Tour Finals in Singapore, the WTA said on Monday.
IT service company Wipro on Friday reported 7.8 per cent year-on-year decline in its consolidated net profit for the March quarter to about Rs 2834.6 crore, and cautioned that the macroeconomic environment remains "uncertain". The Bengaluru-headquartered company, which recently saw a change of guard with Srinivas Pallia taking over at the helm as the new chief executive officer, has given an IT Services revenue growth guidance in the (-)1.5 per cent to +0.5 per cent band for June quarter on a constant currency basis.
Angelique Kerber showed more passion in the media centre than on the court when she crashed out of last year's WTA Finals, the German angered by the format and frustrated by her inability to win the set off an eliminated opponent she needed to advance.
There was no smooth surge in middle class prosperity for foreign businesses to tap into because of the Indian economy was mismanaged, argues Debashis Basu.
TCS, Power Grid and Infosys are among the top S&P BSE Sensex gainers
Serena Williams was unseeded at the French Open last month due to an extended absence for the birth of her first child but she is not likely to face the same problem at the US Open.
BSE's fresh shot at cracking the derivatives market is off to a promising start. However, Asia's oldest bourse is facing resistance from brokerages with nearly 10 large brokers yet to offer the relaunched Sensex and Bankex derivatives on their platforms. Many brokers maintain that they are working on the back end to enable BSE derivatives on their apps and websites. Some said while volumes are picking up, they are still miniscule compared to bigger rival NSE, which is the most-preferred venue for derivatives trading. Only a few brokers responded to formal queries sent by Business Standard on the issue of allowing BSE derivatives on their platform.
Twice winner Maria Sharapova and reigning champion Flavia Pennetta advanced to the third round of the BNP Paribas Open on Saturday, though in sharply contrasting fashion.
With the last quarter of 2023-24 (FY24) expected to have been soft owing to lower discretionary spend and macro uncertainty, many are hoping FY25 will be a year of recovery for the information-technology (IT) industry. The fourth quarter, January-March, is considered soft, and will continue to see the headwinds the sector has been facing. And the sector has entered the new financial year on a weak footing. Analysts are expecting Tier-I firms to report sequential growth of -1 per cent to 1.5 per cent and midcap players' growth may range between 0.7 per cent and 4 per cent.
The rupee rose by 12 paise to close at 79.78 against the US dollar on Monday due to a weak dollar in overseas markets and an improved appetite for riskier assets. Stronger regional currencies also supported the rupee sentiment ahead of the US Fed policy decision on Wednesday. Weak domestic equities and FII outflows, however, capped sharp gains. At the inter-bank forex market, the local unit opened at 79.86 against the greenback and moved in a range of 79.70 to 79.87 in the day trade.
SBI was the top gainer in the Sensex pack, spurting over 2 per cent, followed by ICICI Bank, Nestle India, IndusInd Bank, M&M, Bajaj Auto and Maruti. NSE Nifty advanced 135.55 points to 14,819.05.
With the international markets facing uncertainty after Russia invaded Ukraine and Western nations retaliated with sanctions, Indian companies are putting their international fundraising plans on hold as they wait for the markets to recover. Bankers said apart from the geopolitical crisis, international rates are hardening in anticipation of interest rate hikes by the US Federal Reserve to control rising prices in the US. The Ukraine situation has implications for the market. In such a situation, international investors try to shift to safe haven assets by exiting from emerging markets.
Sentiments in global markets, movement of rupee against the dollar and crude oil prices will dictate near-term trend
The Nifty IT index, data shows, has outperformed the markets in each of the last four election years post the result. announcement.
'I am not too disappointed. I feel like he had to come up with the goods, and it did feel like to some extent it was on my racquet, I just came up against somebody who was, on the day, a bit better when it really mattered'
Fourth seed Rafael Nadal survived a few anxious moments before booking his place in the semi-finals of the BNP Paribas Open with a see-sawing 6-4, 6-3 victory over Japanese Kei Nishikori at Indian Wells in California on Friday.
Investors should view any bounce-back in bank stocks as an opportunity to exit the pack, analysts suggested, as the worst may not be over yet. The recent quarterly results of HDFC Bank and Axis Bank disappointed the Street, triggering a marketwide selloff by foreign institutional investors, especially in banking counters. While HDFC Bank, which was the anchor for the market correction during the past week, ended 2 per cent higher amid short covering on Wednesday, Axis Bank's shares settled 3 per cent lower.
Citibank on Wednesday joined the list of foreign banks that have exited retail banking business in India. Mumbai-based Axis Bank completed acquisition of Citigroup's consumer business for Rs 11,603 crore. Under the deal, Axis acquired consumer banking businesses of Citibank India, which includes credit cards, retail banking, wealth management and consumer loans.
It will be the earliest meeting between the two since their first professional match in the second round of the 1998 Australian Open.
The government is mulling allowing foreign direct investment (FDI) in the country's largest insurer LIC, a move which would help overseas investors take part in the company's proposed mega IPO, sources said. The proposal is under discussion between the Department of Financial Services and Department of Investment and Public Asset Management (DIPAM). "Discussions have been going on for the proposal for the last few weeks. "It would also go for inter-ministerial discussions and would also require Cabinet nod," a source said.
'Some risks to this market rally include inflation, erratic weather conditions, rising crude prices, slowing global growth and the resultant impact on domestic exports, escalation in geopolitical tensions.'
Fintech firm MobiKwik on Monday filed a draft red herring prospectus (DRHP) with the markets regulator, Securities and Exchange Board of India (Sebi), for its initial public offering (IPO). According to its DRHP, the company plans to raise Rs 1,900 crore, which includes a fresh issue of Rs 1,500 crore and an offer for sale of Rs 400 crore. The selling shareholders include American Express Travel, Bajaj Finance, Cisco Systems and Sequoia Capital India, besides founder Bipin Preet Singh. MobiKwik is the latest among tech majors wanting to list on stock exchanges. Food delivery start-up Zomato will launch its IPO on Wednesday.
Three women in the field have topped the world rankings this season, incumbent Simona Halep and her predecessors Garbine Muguruza and Karolina Pliskova, but none of them have been able to kick on and cement their place as the tour's dominant player.
Strong Q3 brings Infosys comfort amid macro risks.
Can the poll outcome be a trigger for a meaningful correction?
Australian Nick Kyrgios was involved in a fresh dispute after being accused of swearing at the BNP Paribas Open in California.
But trading through the route still a minuscule portion of total turnover
The rupee on Friday rebounded from the near-80 levels to close higher by 17 paise at 79.82 against the US currency following a recovery in the domestic stocks and weakness in the greenback in overseas markets. The US dollar retreated from the two-decade high levels against a basket of six currencies which supported the rupee sentiment. At the interbank foreign exchange market, the local currency opened at 79.95 and witnessed an intra-day high of 79.82 and a low of 79.96 against the US dollar in the day trade. ,
Nick Kyrgios ended Novak Djokovic's 19-match winning run at Indian Wells by beating the Serb 6-4, 7-6(3) to reach the BNP Paribas Open quarter-finals in Indian Wells on Wednesday, while Roger Federer also advanced with a straight sets win over Rafael Nadal.
India will have 30 per cent of its two-wheeler industry turning electric by 2030 as new manufacturers lead the shift, said a report on Monday. Passenger vehicles will be 15 per cent electric and the three-wheeler segment 75 per cent electric by 2030, said the report by BNP Paribas called 'India Autos-Electric vehicles: Minutes to midnight'. "We see FY22 as the year of inflection for the two-wheeler EV industry, with an accelerated EV adoption helped by incentives, wider availability, model launches, rise in crude prices and improved general awareness. We see 30 per cent of the 2W industry turning electric by 2030; the pace of incentive withdrawal presents an upside/downside risk," the report (India Autos - Electric vehicles: Minutes to midnight) said.
