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
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.
Former world number one Andy Murray is in line to play Grigor Dimitrov in the opening round of the inaugural ATP Cup, with Bulgaria qualifying among the final six teams in the nation-based tournament.
The rupee is expected to become more jittery and choppy in the near-term
'We have a plan to plough back a 'This year in the first half we had profits of more than Rs 31,000 crore.' significant amount of profits this financial year.' 'We have seen this organic plough back of profit is one of best ways to support the equity of the bank.'
Benchmark indices Sensex and Nifty declined in early trade on Wednesday due to selling in financials, oil and IT stocks amid weak global trends.
The US Open champion has made herself available for Fed Cup team for the first time.
Asian Paints dropped the most by 1.33 per cent. IndusInd bank fell 1.2 per cent, Axis Bank by 1.19 per cent, SBI by 1.12 per cent, Bajaj Finance by 1.07 per cent, Nestle by 1.04 per cent, and TCS by 0.97 per cent. Hindustan Unilever, Reliance Industries, Power Grid and Kotak Bank also retreated. Maruti Suzuki was the lead gainer, rising by 2.22 per cent.
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.
'When I looked closely at people and stories from that region, I realised that the landscape contributes a lot to how people behave.'
The Czech Republic cruised to a 2-0 lead after the opening singles of the Fed Cup final against Serbia on Saturday, putting them well on course to successfully defend their title.
Uppal said India didn't play to its potential but showed great fightback to clinch the tie.
The demand for gold is expected to take a hit if the price of the yellow metal - which has been hovering around Rs 60,000, a level never seen before - remains elevated. Due to a sharp increase in price in a very short time and the flow of smuggled gold continuing, gold price in Mumbai is quoted at around Rs 59,000 per 10 gram. Typically, overall demand in the January-March and July-September quarters is moderate-to-dull, which is the case in the ongoing period.
Benchmark equity indices Sensex and Nifty closed higher on Friday after two days of fall, helped by buying in metal, telecom and auto stocks amid a firm trend in global markets. Automakers led by Maruti Suzuki India, Hyundai, Mahindra & Mahindra reporting robust wholesales of passenger vehicles and GST collections crossing Rs 1.50 lakh crore for the third straight month in May also added to the optimism. The 30-share BSE Sensex climbed 118.57 points or 0.19 per cent to settle at 62,547.11.
Markets continued firm trades with buying interest seen in realty, metal and banking shares. The BSE Sensex has gained 386 points (over 2 per cent) at 18,407, after touching a high of 18,456. Nifty is up 118 points at 5,553.
'India's sizeable forex reserves should help stem a possible fall in our currency.'
The US Federal Reserve late on Tuesday slashed its lending rate from 1 per cent to zero to 0.25 per cent.
The minister said the objective behind setting up the special squad was to create communal harmony.
An escalation in the already simmering tensions between North and South Korea, China and Taiwan, and Russia and Ukraine could prove to be a bigger worry for the markets over the next few months rather than central bank policy action, said analysts. The markets, they said, are still not fully factoring in this possibility. "The conflict between Iran and Saudi Arabia is another geopolitical worry.
At a time when the market is betting on a 'higher for longer' global interest rate view, Accenture's (ACN) weak revenue forecast is a negative read-through for the Indian IT firms, according to analysts. The Dublin-based company sees its revenue growth at 2-5 per cent in constant currency (cc) for the financial year 2024 (FY24), below the pre-Covid levels of 5-8 per cent for FY17-20. The weak projection, thus, signals that slower demand is likely to persist this year, and any recovery is unlikely in the near-to-medium term, experts note.
Russia closed in on a Fed Cup semi-final victory over the United States after Anastasia Myskina beat Venus Williams.
Images from the US Open women's singles final at Flushing Meadows, New York, on Saturday.
Fed Cup holders Italy overcame two stern tests on Sunday to beat Ukraine 4-1 in Kharkiv and book their place in the semi-finals where they will play the Czech Republic.
Indian women stormed into the finals of the Fed Cup (Group-II) Asia-Oceania tennis tournament in Hyderabad following another one-sided 2-0 victory over Turkmenistan.
Research shows the US Fed doesn't get its predictions right as often as we would like to believe. With India and China in an upbeat mood, the dark days of last September are slowly fading in memory.
The central bank also left the benchmark rates unchanged in the range of 0 to 0.25 per cent. The Federal Open Market Committee which decides on the key rates has retained the same near zero and said economic conditions warrant 'exceptionally low levels' of federal fundsfor a longer period.
Maria Sharapova has been left out of Russia's Fed Cup first-round tie against Italy later this month because of her hectic tournament schedule
Maya Warrier, 9, satisfies a little of her wanderlust when she journeys across the world to Vietnam, some 10 hours by flight from her home in London.
The rupee depreciated by 9 paise and settled at its all-time low level of 83.13 against the US dollar on Wednesday, weighed down by a surge in crude oil prices and strong American currency. Forex traders said the Indian rupee depreciated as the US dollar rose to the highest levels in six months. Moreover, elevated crude oil prices also weighed on rupee.
From the Sensex pack, Bajaj Finance, Tata Motors, Asian Paints, Power Grid, NTPC, Infosys, Nestle, Reliance Industries and UltraTech Cement were the biggest laggards. Larsen & Toubro, Tata Steel, HDFC, Bharti Airtel, HDFC Bank and Mahindra & Mahindra were among the major gainers.
Priyanka Gandhi Vadra tells the women that "Rahul was naughtier than her, but she got the scolding instead".
The broader NSE Nifty dropped by 48.65 points, or 0.45 per cent to 10,808.05 after shuttling between 10,773.55 and 10,833.70.
Meet the winners of The Comedy Wildlife Awards 2023.
'Gold prices thrive on volatility and more so when the stock markets trend downward.'
Sania Mirza was on Monday named to spearhead the four-strong Indian challenge in next month's Fed Cup, where the country will strive to get back to Group I in the Asia/Oceania zone.
Equity markets this week will be largely guided by trends in global stocks, foreign funds' trading activity and progress of monsoon, analysts said. Investors will also track the movement of rupee against the US dollar and crude oil prices. Benchmark indices Sensex and Nifty closed at fresh lifetime highs on Friday.
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