Ajinkya Rahane likely to be India's new Test captain following WTC Final loss: Reports
Mumbai: After India's resounding 209-run defeat against Australia in the World Test Championship (WTC) final, speculations are rife that Ajinkya Rahane will be appointed as the next Test captain for the Indian cricket team. According to reports in the Times of India, the national selectors are contemplating giving India's regular captain, Rohit Sharma, some rest during the upcoming West Indies tour.
The Times of India report suggests that Rohit Sharma might be rested either for the Test matches or the eight-match white-ball series, which includes three One-Day Internationals (ODIs) and five Twenty20 Internationals (T20Is). The final decision regarding Rohit's participation will be made after consultations with the player himself.
In the event that Rohit Sharma is indeed rested, Ajinkya Rahane is believed to be the frontrunner to take over the Test captaincy. Rahane made a remarkable comeback to the national team during the WTC final, where he displayed solid batting performances. The 35-year-old batsman scored 89 and 46 in the two innings of the final, contributing significantly to India's unsuccessful campaign. Moreover, he reached a significant milestone of completing 5000 runs in Test cricket, becoming the 13th Indian to achieve this feat.
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Markets continue to trade lower amid rising India-Pak tensions; Sensex tanks nearly 800 points
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Mumbai (PTI): Stock market benchmark indices Sensex and Nifty continued to trade sharply lower on Friday late morning session as tensions soared between India and Pakistan fuelling fears of a wider conflict.
India on Thursday night swiftly thwarted Pakistan's fresh attempts to strike military sites with drones and missiles including in Jammu and Pathankot after foiling similar bids at 15 places in northern and western regions of the country, as tensions soared between the two countries.
The Indian armed forces on Wednesday had carried out precise missile strikes on nine terror targets in Pakistan-occupied Kashmir (PoK) and Pakistan under ‘Operation Sindoor’.
Extending its previous day's decline, the 30-share BSE benchmark gauge tanked 771.01 points to 79,566.02 during the late morning trade. The NSE Nifty dropped 205.55 points to 24,068.25.
"Under normal circumstances, on a day like this, the market would have suffered deep cuts. But this is unlikely due to two reasons. One, the conflict, so far, has demonstrated India's clear superiority in conventional warfare, and therefore, further escalation of the conflict will inflict huge damage to Pakistan.
"The market is inherently resilient, supported by global and domestic macros. Weak dollar and potentially weakening US and Chinese economies are good for the Indian markets," VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.
From the Sensex firms, Power Grid, ICICI Bank, NTPC, Eternal, UltraTech Cement, Adani Ports, Bajaj Finserv and Bajaj Finance were among the laggards.
Larsen & Toubro jumped 4 per cent after the firm reported a 25 per cent increase in consolidated profit after tax (PAT) to Rs 5,497 crore for the quarter ended on March 31, 2025, supported by higher revenues and an exceptional gain.
Titan Company traded nearly 4 per cent higher after the Tata group firm reported a 13 per cent increase in its consolidated profit after tax at Rs 871 crore in the March quarter, driven by robust sales.
Tata Motors, State Bank of India, Asian Paints and Mahindra & Mahindra were also the gainers.
Foreign Institutional Investors (FIIs) bought equities worth Rs 2,007.96 crore on Thursday, according to exchange data.
"Profit-taking is likely to continue as investors fearing worse going ahead could trim their equity holdings despite the global mood remaining optimistic," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.
In Asian markets, South Korea's Kospi and Shanghai's SSE Composite index were quoting lower, while Japan's Nikkei 225 index and Hong Kong's Hang Seng traded higher.
US markets ended in the positive territory on Thursday.
Global oil benchmark Brent crude climbed 0.53 per cent to USD 63.17 a barrel.
On Thursday, the BSE Sensex declined by 411.97 points or 0.51 per cent to settle at 80,334.81. The Nifty ended lower by 140.60 points or 0.58 per cent at 24,273.80.
