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.
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.
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.
Summers dogged by controversies over past views
Markets end in red; bluechips struggle to keep pace.
'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.'
Treat yourself to two of Chef Satish Arora's signature five-star dishes.
Judy Murray, mother of World No. 4 Andy, was named as non-playing captain of Britain's Fed Cup women's tennis team on Thursday.
Mary Pierce edged Vera Zvonareva 6-4, 3-6, 6-3 to send France into the Fed Cup final against the United States.
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.
Shreyas Iyer trained hard in the nets with the aim of overcoming his longstanding struggles ahead of the World Cup game against Sri Lanka.
An Indian tennis team sans Sania Mirza completed a dubious hat-trick of defeats in the Fed Cup following a 0-3 loss to Uzbekistan in the Asia/Oceania Group I round-robin match in Perth on Friday. As a result, the Indians will now play Chinese Taipei in the relegation play-off on Saturday. With Friday's defeat, India finished last in the four-team Pool A, having also lost 0-3 in the earlier two matches -- against New Zealand and Indonesia -- as well.
Anastasia Pavlyuchenkova overpowered Lucie Safarova 6-2, 6-4 in the second reverse singles to pull Russia level with the Czech Republic at 2-2 in their Fed Cup final on Sunday.
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.
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.
A gradual increase works best for the US, as well as global markets, says Nizam Idris managing director, head of strategy (fixed income and currencies), Macquarie Bank.
Tiger Woods cruised to a memorable double in record-breaking style on Sunday, winning the Tour Championship by eight shots and inaugural FedExCup honours to claim a $10 million bonus.
M A Pathan, former chairman of the Indian Oil Corporation, on Friday resigned as chief of the Petroleum Federation of India, citing his pre-occupation with Tatas and other multinational oil firms.
The US Federal Reserve rate cut on Wednesday, the 13th after May 16, 2000 may prove to be a boon to Indian depositary receipts.
The US faces the Czech Republic in the first round from April 26-27.
The Czech Republic defended their Fed Cup title on Sunday as Karolina Pliskova became the home team's hero with a starring performance in their thrilling 3-2 come-from-behind victory over Russia.
Williams, who played an exhibition match last December in the United Arab Emirates, where she lost to French Open champion Jelena Ostapenko, said in addition to working on her serve and returns, she needs to manage her time better now that she has her daughter in tow.
The mid-and small-cap segments at the bourses have outperformed their larger peers thus far in fiscal 2023-24 (FY24). While the S&P BSE Small-cap index has surged around 5.7 per cent in FY24, the S&P BSE Midcap index has gained 4 per cent during this period. In comparison, the S&P BSE Sensex has moved up around 2.2 per cent.
From the Sensex pack, Infosys, HCL Technologies, Infosys, NTPC, Mahindra & Mahindra, Tata Consultancy Services, Nestle, Tech Mahindra and Bajaj Finance were the major gainers. Power Grid, Larsen & Toubro, Maruti, Titan, HDFC Bank, Wipro, HDFC and ITC were among the laggards.
Sara Errani romped to a 6-1, 6-1 win over Alisa Kleybanova in Cagliari to hand Italy an unassailable 3-0 lead over Russia and their third Fed Cup title in five years on Sunday.
Defending champions Russia took an unassailable 3-1 lead over Israel in their Fed Cup world group first-round tie on Sunday after Maria Sharapova and Anna Chakvetadze won their singles rubbers.
Federal Reserve chairman Ben Bernanke touched off the biggest one-day rally in US stocks this month by hinting that the Central Bank is almost done with raising interest rates. The indices had their biggest rise since June 29.
Paul Meggyesi, Vice President of Global currency and commodity at JP Morgan, says that the Fed may raise rates one more time in December.
India were relegated to the Fed Cup Asia/Oceania Zone group II after top seeds Australia blanked them 3-0 in their third and final group I match in Bangkok on Friday.
Glenn Maguire, chief economist (Asia Pacific) at Societe Generale, says that the Fed may raise rates once more, before pausing.\n\n
He adds that it is unlikely to see the Fed rate move above 5.5%.\n\n
The Pool B comprises Chinese Taipei, Japan, Thailand and Korea.
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 rupee had plunged by 48 paise, logging its biggest fall in more than five weeks, to close at over one-month low of 61.13 against the greenback on Monday following demand for the US currency from importers.
There will very little direct impact from the US Fed's rate hike this time, as we are well prepared both to handle liquidity, outflow of FII funds and managing our currency. But that doesn't mean India will be out of the woods anytime soon, says M V Subramanian.
State Bank of India was the biggest loser in the Sensex pack, shedding 1.69 per cent, followed by Asian Paints, Kotak Mahindra Bank, HCL Technologies, Reliance Industries, Wipro, IndusInd Bank, Infosys, Power Grid and HDFC twins. In contrast, Nestle, Maruti, Bharti Airtel, Tata Motors, ITC and Hindustan Unilever were among the gainers.
It could be a tough week In the run-up to such an event, the market is always nervous.
In signs that the country's growth is on track, the economic activity across the country improved in recent months, according to the US Federal Reserve.
US won 4-1 against Argentina in the Fed Cup World Group II tie.
He particularly expressed his disappointment with the US seeking more market for its goods in the developing economies, while putting restrictions on its import of services.
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