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.
Bajaj Finance was the biggest gainer in the Sensex pack, rising 2.70 per cent, followed by Power Grid, IndusInd Bank, NTPC, Bharti Airtel, ITC, Bajaj Finserv, Infosys, Nestle, Tata Steel, Tata Consultancy Services, Titan and Axis Bank. Reliance Industries, Mahindra & Mahindra, Maruti and State Bank of India were among the laggards.
Index heavyweights Reliance Industries and ITC were the top losers along with ICICI Bank and SBI
Treat yourself to two of Chef Satish Arora's signature five-star dishes.
The next policy meeting will be in mid-June, when the panel will be joined by Stanley Fischer, the former Bank of Israel governor whose nomination to the Fed's board was confirmed on Wednesday by the US Senate.
Top gainers in the Sensex pack included Vedanta, Coal India, ICICI Bank, PowerGrid, HCL Tech and Bajaj Finance, rising up to 2.65 per cent.
The Russian Fed Cup team were hailed by the local media following their semi-final victory in the U.S. at the weekend, while the hosts were criticised for their choice of venue and the treatment of the visiting captain.
Bharti Airtel was the biggest gainer in the Sensex pack, rising 2.37 per cent, followed by Mahindra & Mahindra, HCL Tech, Tata Motors, Tech Mahindra, HDFC Bank, Wipro, Tata Consultancy Services, Axis Bank and Nestle. Asian Paints, Hindustan Unilever, Bajaj Finserv and NTPC were among the laggards.
Karman struggled to contain her unforced errors but prevailed 6-3 6-4 win over Eudice Chong to give India a 1-0 lead in the Asia/Oceania Group I tie.
The Fed made clear that the rate hike was a tentative beginning to a "gradual" tightening cycle
The domestic equity market, which is on a record-breaking spree, will focus on macroeconomic data announcements, movement in global stocks and the US Fed minutes to get further direction, analysts said. Trading activity of Foreign Institutional Investors (FIIs) will also innfluence investors.From the domestic macroeconomic front, Purchasing Managers' Index (PMI) data for the manufacturing sector will be released on Monday, and that o,f the services sector on Wednesday. Investors, this week, will keenly watch major global market events, icluding the outcome of the Federal Open Market Committee (FOMC) minutes, scheduled to be out on Wednesday.
Maria Sharapova came to Russia's rescue on her Fed Cup debut to pull the holders level at 1-1 in their world group first-round tie against Israel.
'Since childhood we've said 'tumhare mu mein ghee shakkar'.' 'That's why I am moving away from sweet sweet films and concentrating on films like Tiger.'
Jelena Jankovic steered Serbia into their first Fed Cup final when she thrashed Svetlana Kuznetsova 6-1, 6-4 in the second reverse singles on Sunday.
A man was arrested in connection with the incident and questioned.
Shreyas Iyer trained hard in the nets with the aim of overcoming his longstanding struggles ahead of the World Cup game against Sri Lanka.
Rupee ends flat against dollar ahead of Fed policy outcome.
The markets, at this point, have rallied on the view that the Fed will not budge from the zero-bound as long as inflation remains subdued
Tara Iyer and Ankita Bhambri blanked their opponents as India beat Jordan 3-0 in the Fed Cup.
At the same time, however, officials at the central bank lowered their projections for the long-run target interest rate, evidence of slightly diminished expectations for a nation climbing out of a severe crisis and struggling with demographic headwinds like declining labor force participation.
There is anecdotal evidence that the US economy is really, sharply slowing.
From the Sensex pack, Bharti Airtel, HDFC Bank, Titan, UltraTech Cement, ITC, Sun Pharma, Bajaj Finserv, Bajaj Finance, Hindustan Unilever and Kotak Mahindra Bank were among the major gainers. Tata Steel, Axis Bank, NTPC, ICICI Bank and IndusInd Bank were the major laggards.
Maria Sharapova has committed herself to playing in Russia's Fed Cup first round tie against Spain in February, the World No 4 said.
Equity benchmarks Sensex and Nifty faced heavy drubbing on Thursday, falling over 1 per cent each, in tandem with weak global markets following the US Federal Reserve's interest rate hike and its hawkish stance. The 30-share BSE Sensex tanked 878.88 points or 1.40 per cent to settle at 61,799.03. During the day, it tumbled 962.3 points or 1.53 per cent to 61,715.61.
An aggressive rate hike by the US Fed and the possibility of a recession can trigger a slide in these stocks, which will be a good opportunity to buy from a long-term perspective.
Announcement of macroeconmic data such as industrial production and inflation, the US Federal Reserve's interest rate decision along with trends in global equities would dictate movement in the stock market this week, analysts said. Besides, foreign fund trading activity would also guide the trends in equities. "All eyes are now on the US Fed policy outcome for cues, which is scheduled on June 14. In the following sessions, the European Central Bank (ECB) and Bank of Japan (BoJ) will also announce their policy decisions.
India will be led by newly-crowned world number one Sania Mirza as 11 nations will strive to get promotion to Asia/Oceania Group I when the Fed Cup tennis competition begins in Hyderabad.
Month-end dollar demand from oil companies mainly affected the rupee value against the US currency, a forex dealer said.
Ankita Raina and Karman Kaur Thandi will have to punch above their weight when the battle to qualify for Fed Cup tennis tournament's World Group II,
Li Na beat Germany's Kathrin Woerle 7-5, 7-5 to secure China's place in the Fed Cup elite for the first time
Indian captain Sania Mirza led from the front as the hosts registered a 2-1 victory over Philippines.
Roberta Vinci sent Italy into the Fed Cup final for the fifth time in eight years with a 6-2, 6-7, 6-3 victory over CzechRepublic's Lucie Safarova in Palermo on Monday.
Sania Mirza will lead the four-member Indian side in the upcoming Asia/Oceania Group I tie of the Fed Cup tennis tournament.
The US Open champion has made herself available for Fed Cup team for the first time.
The rupee plunged 90 paise to close at an all-time low of 80.86 (provisional) against the US dollar on Thursday after the US Federal Reserve's interest rate hike and its hawkish stance weighed on investor sentiments. Forex traders said the US Fed's rate hike and escalation of geopolitical risk in Ukraine sapped risk appetite. Moreover, the strength of the American currency in the overseas market, a muted trend in domestic equities, risk-off mood and firm crude oil prices weighed on the rupee.
Market participants attribute the stability to the Reserve Bank of India's timely intervention in the foreign exchange market, both in terms of selling and buying dollars.
The Federal Open Market Committee, which decides on rates, struck a positive note, saying economic activity had continued to pick up in recent months and the housing sector is improving.
The rupee is expected to become more jittery and choppy in the near-term
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