Monday, October 26
Australia secured a resounding six-wicket victory in the final Test of the Border-Gavaskar series, taking advantage of a Jasprit Bumrah-less Indian attack on day three in Sydney. With this win, Australia also reclaimed the coveted trophy, first time in 10 years, denying India the chance to defend their title successfully.Australia won the series 3-1 and qualified for the World Test Championship finale.India, grappling with a back spasm to their pace spearhead Jasprit Bumrah, set Australia a modest target of 162 runs after being bowled out for 157 in their second innings. Battling the injury sustained on day two, Bumrah, who had been the standout performer of the series with 32 wickets, was unavailable to bowl on Sunday. He spent more than three hours off the field on Saturday and did not t
The combined market valuation of four of the top-10 most valued firms eroded by Rs 96,605.66 crore last week, with HDFC Bank taking the biggest hit. While Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank and State Bank of India suffered erosion from their valuation, Reliance Industries, Bharti Airtel, Infosys, ITC, Life Insurance Corporation of India (LIC) and Hindustan Unilever were the winners. Together they added Rs 82,861.16 crore in combined market valuation. The market valuation of HDFC Bank tumbled Rs 37,025.46 crore to Rs 13,37,919.84 crore. ICICI Bank's valuation slumped Rs 29,324.55 crore to Rs 8,93,378.50 crore. The market capitalisation (mcap) of TCS tanked Rs 24,856.26 crore to Rs 14,83,144.53 crore and that of State Bank of India declined Rs 5,399.39 crore to Rs 7,0
Foreign investors pulled out Rs 4,285 crore from Indian equities in the first three trading days of the month driven by apprehensions ahead of the third-quarter earnings season and high valuations of domestic stocks. This came following an investment of Rs 15,446 crore in the entire December, data with the depositories showed. The shift in sentiment comes amid global and domestic headwinds. "FPIs are likely to continue selling as long as the dollar remains strong and US bond yields offer attractive returns. The dollar index at around 109 and the 10-year bond yield above 4.5 per cent are significant deterrents to FPI flows," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. According to the data, Foreign Portfolio Investors (FPIs) offloaded shares worth Rs
New Delhi | Mumbai: Sales of daily groceries, home and personal products grew 3-5% by volume in the December quarter from a year earlier as a resurgent rural market outweighed stress in urban areas. Companies' profitability remained flat due to continued inflation in core commodities such as edible oil, wheat flour, cocoa and sugar, industry executives said, citing data by researcher NielsenIQ and retail intelligence platform Bizom."Compared to the second quarter, edible oil prices in Q3 (December '24) were about 25% higher. This significant price surge has resulted in consumers downgrading their purchases and a reduction in stock at the trade level," Adani Wilmar, maker of Fortune staples, said in its earnings on Saturday. "Moreover, palm oil prices, which are typically lower than other e
India's top order faltered under the relentless pace of 35-year-old Australian seamer Scott Boland on Day 2 of the Sydney Test. Boland dismantled the batting lineup, dismissing Yashasvi Jaiswal (22), KL Rahul (13), and Virat Kohli (6), leaving India reeling and struggling to gain momentum.As it stands, Australia pacer Scott Boland, who was added to the BGT squad mid-series, has become Kohli's worst nightmare. Across five innings, Kohli has faced 68 balls from Boland, managing just 28 runs with four dismissals. His struggle is evident, with a false shot percentage of 35.2% and an edges percentage of 20.5%, highlighting Boland's dominance and Kohli's difficulties against his pace.ALSO READ: Australia all out for 181 to leave final India Test finely poisedBoland completed his 50 Test wickets
