LLC Season 3: Konark Suryas Odisha overcame Manipal Tigers in opening match

Total FII investment till September 20 stood at Rs 33,699 crore, taking the total FII investment in the country to Rs 76,585 crore this year to date, as per NSDL data.

Market watchers said that the trend of FII buying is likely to continue in the coming days.

Manoj Purohit from BDO India said the US Federal Reserve made the first interest rate cut in the last four years, by a larger than anticipated margin of 50 bps and the foreign portfolio investors (FPI) fraternity has been conscious about this move and reacted passively.

“The Indian markets reflected their resilience on a positive note basis the strong fundamentals and robust economy performance at the expected GDP growth,” said Purohit.

September witnessed the second highest inflows in 2024 so far, the last one being in March.

The flood of FII money has appreciated the rupee by 0.4 per cent for the week ended September 20. This can boost further FII buying, sayd analysts.

Despite global uncertainties, the primary factors, to make emerging markets like India a sweet spot, are balanced fiscal deficits, rate cut impacts on the Indian currency, strong valuations, and RBI’s approach to keep inflation under control without a rate cut.

To add, the IPOs announced this year attracted a large chunk of foreign funds making the Indian capital market buoyant and a lucrative place to shift their positions from other riskier countries, said analysts.

All eyes on the RBI now whether it follows the suit by making a cut in the repo rate in October or wait till December.

There is a strong case to marginally cut rates to manage food inflation, diluted interest from household savings which impact the retail lending business of banks.

India’s monetary policy has been more conservative despite the Fed's action so far, said Purohit.

(IANS)

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Shastri's remark came after Kohli lost his wicket to spinner Mehidy Hasan Miraz in the second innings of the ongoing first Test against Bangladesh at MA Chidambaram Stadium in Chennai on Friday. Kohli, who was loooking in good rhythm, was trapped in front of the wickets on the ball that pitched on the middle stump line. Kohli departed after scoring 17 as he didn't take the DRS which later showed that the ball had edged his bat before hitting the pads.

"He has (gotten out to spinners) especially in the last 2-3 years. But he has scored a lot of runs too. What you want to see him do more is use his feet. Get to the pitch of the ball, probably employ the sweep. You’ve got to move with the times, don’t be afraid to go over the top when the field is up. You could try and do things to unsettle the spinners rather than allowing him to keep bowling at you. It’s what he did a lot when he scored a lot of runs," Shastri said during the match commentary.

"Also some of the tracks that India have played on. It’s not been easy. Plus I know a few dismissals where like Shubman Gill in the first innings, he’s gotten caught down leg wide. Funny dismissals. He’ll be aware of it. That’s for sure. There is no batter who doesn’t remember. Obviously you find a method of finding a solution. Find out what works for you and stick with that," he added.

Kohli, who only got six runs in the first innings, has been struggling to pile runs on home soil in Test cricket since the last two years. Former captain has only scored one century in the last six Tests in India. However, his last Test century came against West Indies in Port of Spain last year.

Since 2021, Kohli has played 14 Test matches in Asia, scoring 654 runs from 23 innings at an average of 29.72, with one century and two half-centuries to his name. His overall Test performance has dipped during this period, accumulating just 1669 runs from 51 innings at an average of 32.72, with eight half-centuries and two hundreds.

Kohli will be eager to improve these numbers as India prepare for upcoming series against New Zealand and Australia, where his experience will be vital for the team's success.

--IANS

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According to reports, a huge python was rescued from a truck near the Indian Gas Depot in Malkangiri. The people present there got scared after seeing the snake and informed the snake helpline.

The weight of the snake is said to be between 10 to 12 kg and its length was 9 feet.

Members of the snake helpline reached the spot and rescued the snake from the engine of the truck. Later, the python was handed over to the forest department.

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