Kim Clijsters powered Belgium into their second Fed Cup final with a comfortable 6-0, 6-1 win over American teenager Vania King.
Yes Bank was the biggest gainer in the Sensex pack, soaring 6.04 per cent, followed by IndusInd Bank, Tata Steel, HeroMotoCorp, Sun Pharma, Bajaj Auto, Power Grid, Tata Motors, SBI and Kotak Bank that gained up to 5.32 per cent.
The Fed has prepared the world very well for a rate hike. In fact the market may have priced in a 25 basis points increase. So if the increase is 50 basis points, the reaction could be stunning, but a 25 basis points rise is not likely to have any great impact, says P V Subramanyam.
Martina Hingis has no plans of returning to play singles on the women's tour after a courageous performance in a Fed Cup defeat by Agnieszka Radwanska in Zielona Gora, Poland, on Saturday in her first major match in eight years.
The other prominent gainers were Tech Mahindra, HCL Technologies, Wipro, State Bank of India and Larsen & Toubro. Bajaj Finserv, Power Grid, UltraTech Cement and HDFC Bank were among the laggards.
Gold is up 0.8 per cent for the week, after hitting a near-two-week high earlier in the week.
Of the eight RBI governors who have held office since the 1991 economic liberalisation, Bimal Jalan had the longest stint and S Venkitaramanan, the shortest. Current Governor Shaktikanta Das will overtake Bimal Jalan before completing his second term in December, points out Tamal Bandyopadhyay.
tailwinds of a remarkable year and handsome investor returns, Indian equities are set for an eventful journey in 2024, with a slew of local and global cues -- varying from interest rates to Lok Sabha polls to geopolitical happenings. Analysts are of the view that the bull run in the domestic equity market will continue, and over the next 3-6 months, the benchmark indices -- Sensex and Nifty -- could climb up to 7 per cent. In 2023, the 30-share BSE Sensex jumped 11,399.52 points or 18.73 per cent, and the NSE Nifty climbed 3,626.1 points or 20 per cent.
Axis Bank, Tata Steel, Kotak Mahindra Bank, ICICI Bank, Tata Motors, and Bajaj Finance were among the other major laggards. Tata Consultancy Services, Reliance Industries, UltraTech Cement, Infosys, HCL Technologies, and Tech Mahindra were among the gainers.
The last time Martina Hingis appeared in the Fed Cup for Switzerland she was a 17-year-old four-times Grand Slam champion with the world at her feet.
Coming into the do-or-die match, Rohan Bopanna and Leander Paes, with a combined age of 86, won 6-3, 6-7(9), 7-5 after two hours and 21 minutes against Pavic and Skugor, ranked 15 and 32 respectively.
It is surprising that central bankers around the world have cautioned the US Federal Reserve against raising rates.
Global trends and trading activity of foreign investors would largely dictate terms in the equity markets this week amid a lack of major domestic triggers, analysts said. Markets may face near-term consolidation due to elevated valuations, they noted. "While the previous week was predominantly shaped by developments in the US Federal Reserve policy, attention will now shift to the Bank of Japan's policy decision on December 19," Santosh Meena, Head of Research, Swastika Investmart Ltd, said.
In a memorable year for the equity market, Dalal Street investors added a whopping Rs 81.90 lakh crore to their wealth in 2023 as a raft of positive factors powered a stellar rally in stocks. Experts said India's strong macroeconomic fundamentals, political stability owing to the BJP's success in recent elections in three significant states, optimistic corporate earnings outlook, signals from the US Federal Reserve about three prospective rate cuts next year and heavy retail investors participation played a major role in fuelling the stock market rally in 2023. In the year 2023, the 30-share BSE Sensex jumped 11,399.52 points or 18.73 per cent.
Kveta Peschke and Lucie Hradecka beat Maria Kirilenko and Elena Vesnina 6-4, 6-2 in the decisive doubles to give the Czech Republic a 3-2 win over Russia in the Fed Cup final on Sunday, clinching the country's first title as an independent nation.
Hot favourites Russia will take on an under-strength France in the Fed Cup final after both nations completed 5-0 wins in the semis.
Among the Sensex firms, Infosys, Tech Mahindra, HCL Technologies, Tata Consultancy Services, Wipro and JSW Steel were the major gainers during the morning deals. Nestle, Bharti Airtel, Axis Bank ITC were among the laggards.
"I am really disappointed with the way the party is functioning. I am fed up with so many allegations of corruption levelled against the party and the government. I also do not support the way the issue of Sandeshkhali was handled," he said while maintaining that the dual issues of corruption and Sandeshkhali were the primary triggers for his decision to quit.
Fed is expected to deliver a more market-neutral statement
'Returns can be very variable in equity markets.' 'That is why I tell small investors don't put 100 per cent of your money in equities, even if you are young.'
Francesca Schiavone repeated her French Open final triumph over Samantha Stosur on Sunday as Fed Cup holders Italy completed a 4-1 victory over Australia in their World Group last eight tie.
Among the Sensex firms, Tech Mahindra, HCL Technologies, Wipro, Infosys, Bajaj Finance, Tata Consultancy Services, Bajaj Finserv and ICICI Bank were the major gainers. Power Grid, Nestle, Asian Paints and Hindustan Unilever were among the laggards.
The new Samvat 2080 is viewed as a year of hope for industrial and precious metals. A key reason is the expectation of US interest rates peaking, followed by a reduction in the coming months. Regarding crude oil, its trajectory depends more on how the situation unfolds in West Asia.
The majority in the markets believe that a September lift-off is likely.
'Valuations of midcaps and smallcaps have reached very high levels, and hence to that extent leave little margin of safety.'
Even if the central bank doesn't pull the trigger later, it is still expected to by the end of the year.
India retained their place in the Asia/Oceania Group I in the Fed Cup after beating Chinese Taipei 2-0 in the relegation Play-off in New Delhi on Saturday.
'It makes sense to have gold in one's portfolio keeping the political and economic risks of 2024 in mind.'
The risk of a collision between the Federal Reserve and the markets grew on Friday after Fed governor Randall Kroszner made it clear that the US central bank was not planning to cut interest rates at its next policy meeting, but was largely ignored by investors.
RBI will not follow US Federal Reserve's cue of cutting rates, as Indian conditions differ greatly from US.
The Reserve Bank of India has already reduced the policy rate by a total of 75 basis points, or 0.75 per cent, since January.
India on Wednesday announced a four-member team with Sania Mirza as the spearhead for the Fed Cup Asia/Oceania Group I & II matches scheduled in Bangkok from January 28-February 3.
India were on Saturday relegated to Group II of the Asia/Oceania zone after their humiliating 0-3 defeat against Chinese Taipei in the Fed Cup play-off tie here.
Maria Sharapova has pulled out of Russia's Fed Cup semi-final against Germany in Sochi this weekend with a leg injury, the Russian Tennis Federation said on Tuesday.
Weaker-than-expected growth in US jobs in recent months had already forced US central bankers to put off a rate hike at their meeting last week
Wipro was the biggest loser in the Sensex pack, slipping nearly 2 per cent, followed by IndusInd Bank, State Bank of India, Kotak Mahindra Bank, ICICI Bank, HDFC Bank, Infosys, Tata Consultancy Services, HDFC and Bajaj Finserv. On the other hand, Nestle, Mahindra & Mahindra, ITC, HCL Technologies, Asian Paints and Maruti were among the gainers.
From the Sensex firms, Bajaj Finance, HDFC, HDFC Bank, Bajaj Finserv, Asian Paint, State Bank of India, Tata Consultancy Services, Bharti Airtel, Reliance Industries and Tata Steel were the biggest gainers. HDFC climbed 2.59 per cent after the housing finance major on Thursday reported a 20 per cent growth in standalone net profit to Rs 4,425 crore for the quarter ending March 2023 on the back of higher interest income. IndusInd Bank, Nestle, Power Grid, ITC, Tata Motors and Mahindra & Mahindra were the major laggards.
Many are reportedly too weak to stand or talk. The detainees include Sikhs, Gujaratis and Bengalis, and from Punjab in Pakistan.
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