"Our plan before going inside was to utilise the first six overs and later on everyone can come and chip in. We will enjoy this moment, but at the same time we will focus on the final,"
The value of FPIs (Foreign Portfolio Investors) holding in Indian equities reached $738 billion in the three months ended December 2023, marking a surge of 13 per cent from the preceding quarter, driven by the strong performance of the domestic stock market, according to a report by Morningstar. The value of FPIs investment was at $651 billion in the September quarter of the current fiscal. On a year-on-year basis, the value of such investments rose 26 per cent from $584 billion in December 2022.
Sumariwalla also said that the AFI is expecting at least 35 track and field athletes to take part in the Paris Olympics.
Federal Reserve Chair Janet Yellen on Wednesday pointed to a possible December interest rate "liftoff" but said rates would rise only slowly from then on to nurture the U.S. economic recovery.
Hawkish guidance by the US Fed raises concerns it could tie the hands of RBI from trimming rates.
Among the Sensex firms, NTPC, Mahindra & Mahindra, Wipro, Kotak Mahindra Bank, Tata Steel, Asian Paints, Bharti Airtel, Power Grid, Titan and HDFC Bank were the major gainers. Bajaj Finance, Bajaj Finserv, Infosys, Tata Consultancy Services, Tata Motors and HCL Technologies were the laggards.
Strong currency and sagging oil prices are spooking policymakers.
Indian stock markets are expected to be driven mostly by global factors this week amid a lack of local triggers and earnings season largely coming to an end, say analysts. Crude oil prices, rupee movement and US Federal Reserve meeting minutes to be released this week will also influence the market sentiment. "With the earnings season behind us, global cues would largely dictate the trend in the coming week," Ajit Mishra, SVP - technical research, Religare Broking Ltd, said.
In the United States, economic data is likely to take a back seat next week.
Leading the Asian challenge after the first day was Korea's Byeong Hun An, who celebrated his return to the Tournament with a battling two-under 70 to share the ninth place.
Stock markets will be driven by quarterly earnings by index majors, global trends and the RBI's interest rate decision this week after digesting news on budget proposals and US Federal policy outcome, say analysts. The trading activity of foreign investors and the movement of global oil benchmark Brent crude would also dictate trends in equities. "On the domestic front, the MPC (Monetary Policy Committee) meeting is scheduled from February 6-8.
Maria Sharapova will lead Russia in their Fed Cup first-round tie against France next year, the country's tennis chief said on Tuesday.
Years of unprecedented stimulus has left the Fed swollen with $4.5 trillion in bonds
Fed rate hike 'makes sense,' says US reserve bank president.
Among the Sensex firms, UltraTech Cement, JSW Steel, Tata Motors, Bharti Airtel, State Bank of India, Larsen & Toubro, Infosys and Bajaj Finserv were the major gainers. On the other hand, NTPC and Tech Mahindra were the laggards.
Clad in a yellow kurta with a saffron gamcha around his neck, atop an open saffron coloured vehicle, he was greeted by loud chants of "Modi! Modi! Modi Zindabad! 400 Paar Is Baar" all along the roadshow's route.
Analysts remain bullish on the road ahead for the equity markets, but warn against volatility on account of domestic and global cues. The upcoming Lok Sabha elections back home and the interest rate trajectory of the US Federal Reserve, they said, will be the two most important factors that the markets will keep a tab on. That apart, the valuation of the Indian markets, they feel, will also be eyed in context of how global peers are performing.
Svetlana Kuznetsova and Anna Chakvetadze recorded contrasting victories against Italian opponents in Moscow.
India is more insulated to Fed-related volatility than other emerging markets due to its better economic fundamentals
An expected withdrawal of FIIs from the market likely to weaken the rupee against the dollar.
IMAGES from the IPL 2024 Eliminator played between Royal Challengers Bengaluru and Rajasthan Royals in Ahmedabad, on Wednesday.
The Williams sisters will in the United States' Fed Cup match against Belgium in April.
Among the Sensex firms, JSW Steel, Tata Steel, Tech Mahindra, Infosys, Wipro, Tata Consultancy Services, Nestle, HCL Technologies, HDFC Bank and Maruti were the major laggards. IndusInd Bank, ITC, Bharti Airtel and State Bank of India were among the winners.
Markets now expect the Fed to normalise rates gradually.
The US Federal Reserve's interest rate decision, global market trends and trading activity of foreign investors are the major factors that would dictate terms in the equity markets in a holiday-shortened week ahead, analysts said. Equity markets will remain closed on Tuesday on account of Ganesh Chaturthi. From the global front, interest rate decisions from the Bank of England and Bank of Japan would also influence market trends.
Improvements in the labour market has triggered this sentiment.
Among the Sensex firms, NTPC, Mahindra & Mahindra, Power Grid, Nestle, Tata Motors, ITC, Bharti Airtel and Kotak Mahindra Bank were the major gainers. In contrast, Larsen & Toubro, Wipro, JSW Steel, UltraTech Cement, and Asian Paints were among the laggards.
The 70-year-old former French and US Open champion, who earned a reputation for controversial behaviour during his playing days, was excluded from the tie on Saturday for unsportsmanlike conduct.
Fed Cup holders Italy reached their second straight final after Flavia Pennetta overcame Czech Petra Kvitova to seal an unassailable 3-0 lead on Sunday.
India has not been able to compete with countries such as Bangladesh and Vietnam.
Eleven companies have launched their initial public offerings (IPOs) in December 2023, making this month the second-best December for public offerings since 1996. Collectively, they are raising Rs 8,182.7 crore this month. In December 2021, 11 companies raised Rs 9,534 crore. However, excluding December 2021, this month marks the best December for IPOs since 1996.
'Netflix is very happy with me. Mamla Legal Hai has opened the big bazaar in the heartland for them.'
64% of 800 investors polled think it will start this week but weak US data suggest it might not be aggressive.
World number four Petra Kvitova sealed the Fed Cup title for the Czech Republic with a thrilling win over Germany's Angelique Kerber, giving her country its third success in the premier team tournament in women's tennis in the last four years.
Barbora Strycova beat Alize Cornet 6-2, 7-6(4) to put defending champions Czech Republic level at 2-2 against hosts France and send the Fed Cup final into a doubles decider on Sunday.
Belgium will meet the United States in the Fed Cup semi-finals after Kim Clijsters and Justine Henin-Hardenne beat holders Russia
Tata Steel was the biggest gainer in the Sensex chart, rising 2.39 per cent, followed by Tata Motors, Power Grid, Reliance Industries, UltraTech Cement, NTPC, Nestle, HUL, Mahindra & Mahindra, Wipro, Kotak Mahindra Bank and Asian Paints. In contrast, Bajaj Finance, IndusInd Bank, Axis Bank, Bharti Airtel, Bajaj Finserv, ICICI Bank, Infosys and Titan were among the laggards.
Kim Clijsters powered Belgium into their second Fed Cup final with a comfortable 6-0, 6-1 win over American teenager Vania King.
The nomination would put Yellen on course to be the first woman to lead the institution.
RBI's tricky strategy to ease market's pre-Fed jitters.
