Gokulam Kerala FC secured their I-League status with a dramatic late goal against Namdhari FC, condemning their opponents to relegation.
If the outrageous looks at the Met Gala were art that made us look twice, there were the ones that felt like art you could sit with. The kind that soothe, that linger and quietly steal the moment.
Brazil's Botafogo stunned European champions Paris St Germain 1-0 on Thursday to throw Group B at the Club World Cup wide open.
Tourists hesitant to visit America due to frequent policy changes there.
Former England all-rounder Phillip DeFreitas claims to have received during his playing days as he opened up on the raging issue of racism in sports. The 54-year-old DeFreitas, who took 140 and 115 wickets in 44 Tests and 103 ODIs respectively for England, said the multiple death threats that he received affected his international career as he couldn't focus on cricket.
Among the new entries, the largest by market capitalisation are LIC, Avenue Supermarts (DMart), Adani Green Energy, Zomato and Jio Financial Services.
Bajaj Housing Finance Ltd's impressive stock market debut has brought cheer to the 100-year-old Bajaj Group, but the conglomerate faces the prospect of Bajaj Finserv being removed from the benchmark Sensex index. According to market expectations, Trent, a Tata group-owned fashion retailer, is likely to replace Bajaj Finserv during the upcoming index rebalancing in December.
State Bank of India (SBI) and Housing Development Finance Corporation (HDFC) will see maximum inflows from passive trackers on account of the quarterly rebalancing exercise of the National Stock Exchange Nifty Bank Index. IndusInd Bank and AU Small Finance Bank could see maximum outflows. The rejig of the Nifty CPSE Index will result in inflows in Oil and Natural Gas Corporation, NTPC, and Coal India and maximum outflows in Bharat Electronics, according to Brian Freitas, a New Zealand-based analyst with Periscope Analytics.
Polycab India, Power Finance Corporation, Shriram Finance, and Union Bank of India appear poised to transition from the mid-cap to the large-cap category within the domestic mutual fund industry. Their market capitalisation (m-cap) now ranks among the top 100, which is the threshold for the large-cap universe defined by the Securities and Exchange Board of India.
With Housing Development Finance Corporation's (HDFC's) merger with HDFC Bank becoming effective on July 1, the merged entity is set to become the top weight in the benchmarks S&P BSE Sensex and the National Stock Exchange Nifty indices, dislodging the country's most valuable company, Reliance Industries (RIL), from its perch. HDFC will stop trading after July 13. At present, RIL has a weighting of close to 12 per cent in the Sensex and 10.3 per cent in the broad-based Nifty. Meanwhile, HDFC Bank and HDFC have weights of 9.9 per cent and 6.8 per cent in the Sensex and 8.8 per cent and 6 per cent in the Nifty, respectively.
HDFC Bank's latest shareholding data showed that the room for foreign investment has fallen just 5 basis points short of the threshold set by Morgan Stanley Capital International (MSCI) to fully include the stock in its indices. Currently, the index provider has applied an adjustment factor of 0.5 since the foreign room is less than 25 per cent. Removal of the adjustment factor will result in inflows of a massive $4.8 billion (Rs 40,000 crore) into HDFC Bank, according to Brian Freitas, a New Zealand-based analyst with Periscope Analytics.
The BSE's arm Asia Index has announced Wipro will replace Bajaj Auto in the 30-share Sensex. The move is part of a semi-annual rebalancing exercise and will take effect when the market opens for trading on December 20. On account of the rejig, Wipro will see buying by passive funds to the tune of Rs1,300 crore, while Bajaj Auto will see selling of Rs 636 crore, estimate analysts.
Life Insurance Corp of India (LIC), which is aiming to launch its initial public offering (IPO) next month, is set to alter the pecking order of top listed companies in the country. Depending upon where the government prices the IPO, the stock could end up becoming India's most valuable company on the first day and even get fast-tracked into global benchmark indices given its sheer size. According to market sources, LIC's IPO is targeting to mop up Rs 63,000 crore and Rs 75,000 crore.
The National Stock Exchange (NSE) Nifty Next 50 Index could undergo large-scale changes if the proposed tweaks to its computation methodology get implemented. In a discussion paper floated recently, NSE Indices, which owns and manages a portfolio of over 350 indices under the Nifty brand, proposed that only stocks that are traded in the futures and options (F&O) segment can be part of the index. Currently, as many as 11 non-F&O stocks are part of the Nifty Next 50 Index, which, as the name suggests, represents the next rung of large and liquid securities after the Nifty50.
The 30-share bluechip index is rebalanced on a semi-annual basis with next rejig slated for June 18.
During the Diwali week (November 10-16), airfares on major routes across the country have surged by up to 44 per cent.
Technology firm Wipro has a "high probability" of getting included in the benchmark Sensex, while two-wheeler major Bajaj Auto is the "most likely" deletion candidate, according to an analysis done by Brian Freitas, an analyst at independent research provider Smartkarma. The changes to the index will be announced mid-November, and will become effective from December 17. The December review uses the 6-month average market capitalisation and trading turnover data between May 1 and October 31 to determine changes.
Foreign portfolio investors (FPIs) continue to cut their shareholding in both Housing Development Finance Corp (HDFC) and HDFC Bank. As per latest data, during the June 2022-23 quarter (Q1FY23), FPIs held 68.1 per cent and 65.96 per cent, respectively, in HDFC and HDFC Bank. Overseas shareholding is down 111/406 basis points (bps) and 260/412 bps on the quarter-on-quarter (QoQ)/year-to-date (YTD) basis in HDFC and HDFC Bank, respectively.
Zomato could get added to the MSCI and FTSE indices by the end of this year, while an entry to the Nifty or the Sensex would be challenging before the second half of 2022, said Brian Freitas, an analyst at independent research provider Smartkarma, in note. "With nearly the entire pre-IPO shares locked up for one year, the free float will be very low and the stock will need to move higher to around Rs 328 per share (4.3 times over possible IPO price of Rs 76) to be included in the Nifty index (with no change in the market cap of the smallest index constituent). "We can be reasonably certain that Zomato will not be included in the Nifty index till the September 2022 rebalance at the earliest," he said.
Sharath Kamal won his first international title in 10 years on Sunday but midway into the competition, the 37-year-old was forced to wonder if he made the mistake of his life by travelling to Oman amid the COVID-19 pandemic.
Summary of sports events and persons who made news on Sunday.
Two firms belonging to the Adani group - India's most valued conglomerate - are part of the Nifty 50 index. The group, however, has no representation in the Sensex. And it could stay this way if a proposed index qualification rule change gets approved. Recently, Asia Index, a joint venture between S&P Dow Jones Indices and BSE responsible for index composition, floated a consultation paper where it proposed that a stock must have a derivative contract to be eligible for inclusion in the flagship 30-share Sensex index.
The clarification by the National Securities Depository (NSDL) - which is tasked with monitoring foreign portfolio investor (FPI) investment in domestic stocks - that the accounts of top investors in Adani group stocks remain 'active' has helped prevent a $500-million selloff of shares. Analysts said a freeze of the FPI accounts, as reported by some media outlets, could have prompted global index providers to cut weighting of four Adani group companies from their global indices. Brian Freitas, an analyst at independent research provider Smartkarma, said if the FPI accounts were indeed frozen, FTSE and MSCI would have reduced weighting of Adani group companies at the next rebalance, since it would have meant that the large part of the free float was not tradeable.
Portugal detected 13 cases of the Omicron coronavirus variant on Monday, all involving players and staff of top division soccer club Belenenses SAD, one of whose players recently returned from South Africa, health authority DGS said.
"Absolutely stunned. This is a very safe neighbourhood, very decent area of Tracy," neighbor Dave Roychowdhury said.
As India's Dattu Bhokanal will be competing in the men's singles sculls rowing event fat the Rio 2016 Olympics, on Saturday, here is a beginner's guide.
Brazilian fans' hopes of celebrating a sixth World Cup title in Russia were dashed on Friday when their national team lost 2-1 to Belgium in the quarter-finals.
Rajneesh Gupta highlights all the important numbers for the England team from cricket World Cups.
The second day of the 2016 Olympic rowing regatta was called off on Sunday due to problems caused by rough weather, organisers said.
A summary of sports events and persons who made news on Friday
Russian whistleblower Yulia Stepanova will not appeal to the Court of Arbitration for Sport over her ban on running as an independent athlete at the Rio Olympics, she said on Friday.
Rajneesh Gupta lists some amazing coincidences in cricket -- a feature guaranteed to amuse you in these anxious times.
Summary of sports events and persons who made news on Friday
'Lhasa is more than the Unesco World Heritage Sites it boasts of. It is more than a gateway to the mighty Himalayas.' 'It is about the warmth of its people: Unsaid, unspoken, but felt everywhere,' discovers Shruti Bajpai.
A bit of melancholy and unbridled joy converged at the closing ceremony of the 2016 Olympics on Sunday as Brazil breathed a collective sigh of relief for having pulled off South America's first Games.
Check out the gold medal winners on Day 7 of the 2016 Olympic Games in Rio de Janeiro, on Friday:
Poland's Magdalena Fularczyk-Kozlowska and Natalia Madaj edged past Britain's Katherine Grainger and Victoria Thornley in the final meters of the race to snatch the gold medal in the women's double sculls at the Olympic rowing regatta on Thursday. The nail-biter saw the two boats neck-and-neck for much of the race. Britain led Poland by just .64 seconds at the halfway mark and appeared poised to win.
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