Morgan, who turns 36 this year, could be a concern for England with the T20 World Cup scheduled for October-November
A lower risk appetite among investors has driven gold, traditionally a safe-haven asset, to record highs so far this year. Fuelled by geopolitical tensions in West Asia, robust demand from central banks - particularly in Asia - and US President Donald Trump's tariff volleys, spot gold touched an all-time high of $2,956 per ounce on February 24 in the international markets.
The bull run in the Indian equity markets is intact, said analysts at Morgan Stanley in a recent note. They expect the S&P BSE Sensex to hit 80,000 levels by December 2023 in their bull-case scenario, to which they have assigned a 30 per cent probability. From the current level, this translates into an upside of nearly 29 per cent.
Morgan Stanley on Thursday became the latest brokerage to question the valuations of Indian equities and downgraded them from 'overweight' (OW) to 'equalweight' (EW) and recommended taking some money off the table. "We move tactically EW on India equities after strong relative gains - we expect a structural multi-year earnings recovery, but at 24 times forward price-to-earnings (P/E) we look for some consolidation ahead of US Fed tapering, an RBI hike in February and higher energy costs," Morgan Stanley equity strategists, led by Daniel Blake and Jonathan Garner, said in a note on Asia Pacific markets. The brokerage has upgraded Indonesia to OW, while maintaining an EW stance on China and UW on Taiwan.
Morgan Stanley has upgraded China's equities amidst optimism about the country relaxing restrictions to slow down the spread of Covid-19. "Multiple positive developments alongside a clear path set towards reopening warrant an upgrade and index target increases for China," the brokerage said in a note. MSCI China's return on equity (ROE) is likely to rise from 9.4 per cent to 11.1 per cent by the end-2023.
JP Morgan has downgraded the Indian information technology sector to 'underweight' as it believes the heydays of the sector are over. Rising margin headwinds in the near-term and the revenue headwinds in the medium-term from a potential macro slowdown, Ankur Rudra and Bhavik Mehta of JP Morgan said in the report, will mean that the sector's earnings upgrade cycle is behind. "We see peak revenue growth behind us and earnings before interest and taxes (EBIT) margins trending down from inflation, mean revision.
Former India opener Gautam Gambhir feels one shouldn't compare Chennai Super Kings captain Mahendra Singh Dhoni and Kolkata Knight Riders skipper Eoin Morgan despite the two players having a similar record with the bat in the ongoing 14th edition of the Indian Premier League.
Afghan, who retired from all formats on Sunday after the match against Namibia in the ongoing T20 World Cup, had captained Afghanistan to 42 wins out of 52 games.
'I am not sure about another two (tournaments). Obviously, results determine how well you do and how often you are kept on. But certainly, my hunger and determination are as strong as ever.'
The 35-year-old's recent batting woes have also raised concerns over his form ahead of the World Cup, where he will lead England, who face defending champions West Indies in their opening match on October 23 in Dubai.
The US involvement in Ukraine and the Middle East is a distraction which has to end quickly so that the main business of China can be focussed on. China is America's only peer competitor, not Russia and not anybody else. Therefore it makes little sense to be diverted from the overall mission, explains Aakar Patel.
Morgan (68) found runs all over the ground and seemed in a hurry from the get go as the net run rate would have been on his mind.
Trump's sweeping tariffs and penalties on China-built ships have turned global shipping into the front line of economic war, observes Shyam G Menon.
The WCC will meet on Monday and Tuesday at Lord's ahead of the second Ashes Test between England and Australia, with various outputs from the meeting to be communicated after the conclusion of the match.
Morgan and white-ball vice-captain Jos Buttler were accused of mocking the Indian use of English language
The Aussies will spend the quarantine in the Maldives before heading home.
A summary of Saturday's action in the FA Cup third round.
Steel maker JSW Steel's Q3 results, announced on January 24, 2025, after market hours, failed to meet Street expectations. The company reported a consolidated net profit attributable to the owners of Rs 717 crore in Q3FY25, reflecting a 70.3 per cent decline Y-o-Y, compared to Rs 2,415 crore in Q3FY24.
A round-up of Saturday's action in the Premier League.
From the outcome of the general elections and then Union Budget to tepid corporate earnings in the September 2024 quarter (Q2-FY25), sticky inflation and Reserve Bank of India's stance on interest rates, extreme weather conditions, Indian stock markets have braved it all in calendar year 2024.
England skipper Eoin Morgan and Sam Billings are doubtful for Friday's second ODI against India in Pune after sustaining injuries in the series-opener, dealing a fresh blow to the side's floundering campaign.
Reliance Industries Ltd, India's most valuable company, is back on a growth path after six months of challenges as it posted better than expected earnings in the December quarter, brokerages said.
The initial public offer of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, got subscribed 2.37 times on the third day of the bidding on Thursday, helped by institutional buyers. This is the largest IPO in the country, surpassing LIC's initial share sale of Rs 21,000 crore. The Rs 27,870 crore initial share sale got bids for 23,63,26,937 shares against 9,97,69,810 shares on offer, translating into 2.37 times subscription, as per NSE data.
Apple's ambitious strategy to expand iPhone exports, shift more production from China to India at a faster pace, and grow its domestic market hits a Trump-sized roadblock.
The eagerly awaited International Masters League (IML) is set to electrify the cricketing world, uniting legendary players from six cricketing powerhouses-India, Sri Lanka, Australia, England, South Africa, and West Indies-for an exhilarating T20 franchise tournament.
England captain Eoin Morgan has kept the lid on who will move up to partner opener Jos Buttler and dismissed suggestions his side would be "strong favourites" against New Zealand in the semi-final of the Twenty20 World Cup on Wednesday.
Hollywood's biggest night was high on glitz and glamour but lacked the edge and excitement of the movies it was celebrating, observes Sukanya Verma.
Forest's tally is the same number as Leicester City had accumulated by the same point of the 2015/16 campaign when they went on to become shock Premier League champions.
A round-up of Saturday's action in the English Premier League.
A round-up of Tuesday's action in the Premier League.
He was referring to his Twitter posts after that game in which he asked Morgan and Tim Southee to not use "derogatory" words and lecture him on 'Spirit of Cricket' by taking a moral high ground.
A homophobic tweet dating back to 2010 from Jimmy Anderson has also emerged.
India is likely to be the fastest-growing Asian economy in 2022-23, according to analysts at Morgan Stanley. They expect India's gross domestic product growth to average 7 per cent during this period - the strongest among the largest economies - and contributing 28 per cent and 22 per cent to Asian and global growth, respectively. The Indian economy, they said, is set for its best run in over a decade as pent-up demand is unleashed.
The initial public offer of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, received an 18 per cent subscription on the first day of bidding on Tuesday. The Rs 27,870 crore initial share sale received bids for 1,77,89,457 shares against 9,97,69,810 shares on offer, as per NSE data. The IPO received over 9 lakh applications on the first day.
A round-up of the UEFA Champions League last-16 first leg matches played on Tuesday.
Reliance Industries' (RIL's) oil-to-chemicals (O2C) business is likely to remain under pressure for the remaining of the current financial year, according to analysts and company executives. "Management guides for softness for the next couple of quarters in both retail and O2C businesses," analysts at BOB Capital Markets noted in an after-results report on RIL. For the July-September quarter (Q2) of 2024-25 (FY25), RIL's O2C business reported a 5.1 per cent year-on-year increase in revenue to Rs 1.55 trillion.
Eoin Morgan has said that Dinesh Karthik is a vital cog in the franchise's set up
Vaughan has backed Jos Buttler to become the team's white-ball skipper
Shares of Bajaj Finance surged over 6 per cent on Thursday after the diversified non-banking finance company reported an 18 per cent increase in consolidated net profit to Rs 4,308 crore for the December quarter. The stock rallied 6.33 per cent intraday to touch Rs 8,249.95 - a 52-week high -- on the BSE.
Debt mutual fund (MF) schemes are set to register the best calendar year (CY) performance in the last four years despite no changes in the interest rate. An analysis of one-year performance of debt funds show that many of the schemes are set to deliver double-digit returns in CY 2024.
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