India make early inroads but Root fifty takes England to 119 for 2 at lunch
Nottingham, Aug 7: India's fast bowlers made early inroads but England captain Joe Root hit a lovely counter-attacking half-century to take England's second innings score to 119 for 2 against India at lunch on the fourth day of the opening Test.
England currently have erased the 95-run first innings deficit to enjoy a slender 24-run lead with bright sunshine baking the pitch and making stroke-play easier than the first three days.
Root , who hit nine boundaries, including some rasping drives through the cover, is batting on 56 off 74 balls while opener Dom Sibley (27 batting off 116 balls) survived anxious moments as he got a DRS decision overturned off Shardul Thakur's bowling.
Virat Kohli wanted quick breakthroughs to put pressure on the opposition and Mohammed Siraj (11-2-36-1) and Jasprit Bumraj (8-2-20-1) did just that in the first halfhour, removing Rory Burns (18 off 49 balls) and Zak Crawley (6 off 7 balls) respectively in quick succession.
The extra pace possessed by both did help them as Siraj got one to angle across Burns and the edge was a regulation catch for Rishabh Pant.
Pant however had to dive to his right to pouch the thick outside edge that came from Crawley's bat when Bumrah's delivery straightened after pitching.
Both Burns and Crawley after their prolonged poor run for England will be doubtful starters in the second Test.
Two quick wickets could have put England under pressure but Root decided to take the aggressive route as he started with a streaky boundary with an open bat face past gully. The bowler was Bumrah.
In the very next over from Siraj, he crunched one through covers and the third boundary was a whip past mid-wicket followed by another cover drive. Mohammed Shami failed to find his rhythm during the morning session as he was taken apart by Root.
Courtesy Root, the duo quickly added 50 runs for the third wicket as England slowly covered the deficit.
Root did survive a leg-before appeal after a delivery from Jadeja skid through and found him on the backfoot. Although India reviewed the appeal, it was evident that the ball had not pitched in line of stumps and thus English captain had nothing to worry.
As if to punish Jadeja, he played a back-cut as England went past 100-run mark and a boundary past slip cordon got him his 51st fifty in Test match cricket.
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Sensex, Nifty extend gains for 3rd day on strong global cues, lower US inflation
Mumbai, Jan 16: Equity benchmark indices Sensex and Nifty rallied for the third session on the trot on Thursday, helped by a rally in global markets after lower-than-expected consumer inflation in the US ignited hopes of more rate cuts by the Federal Reserve.
Intense buying in Reliance Industries, ICICI Bank and HDFC Bank also boosted sentiments, traders said.
The 30-share BSE index climbed 318.74 points or 0.42 per cent to revisit 77,000 level at 77,042.82. During the day, it jumped 595.42 points or 0.77 per cent to 77,319.50.
On the similar lines, the NSE Nifty rallied 98.60 points or 0.42 per cent to 23,311.80.
As many as 2,778 stocks advanced, while 1,188 declined and 101 remained unchanged on the BSE.
Unabated foreign fund inflows, weakness in the rupee and elevated global crude prices continue to weigh on domestic equity markets, traders said.
"Benchmark indices continued to trade in the positive, albeit off highs, driven by positive investor sentiment following mild US inflation data, which raised hopes for a potential rate cut by the Federal Reserve.
"Additionally, favourable developments in the Israel-Hamas ceasefire and a reduced trade deficit further boosted the market's upward movement. However, weak economic growth data from the UK dampened some of this optimism," Vinod Nair, Head of Research, Geojit Financial Services, said.
From the 30-share blue-chip pack, Adani Ports, State Bank of India, Bajaj Finserv, Bharti Airtel, Tata Motors, IndusInd Bank, NTPC, Maruti, Reliance Industries and Axis Bank were the biggest gainers.
In contrast, HCL Tech, Nestle, Infosys, Hindustan Unilever, ITC and Tata Consultancy Services were among the laggards.
IT services major Infosys on Thursday reported an 11.46 per cent year-on-year increase in consolidated net profit to Rs 6,806 crore in the October-December quarter of FY25.
Shares of Infosys slipped 1.21 per cent to settle at Rs 1,926.20 apiece on the BSE.
Meanwhile, Adani group stocks rallied on Thursday after Hindenburg Research founder Nate Anderson announced that he would disband the firm, which made international waves with campaigns targeting billionaire Gautam Adani that wiped billions from the market value of his group companies.
Shares of NDTV surged 9.15 per cent, Ambuja Cements jumped 3.88 per cent, Adani Green Energy rallied 3.35 per cent, Sanghi Industries climbed 3.34 per cent and Adani Power went up by 2.45 per cent on the BSE.
The stock of Adani Ports advanced 2.03 per cent, Adani Total Gas (1.78 per cent), Adani Enterprises (1.74 per cent), Adani Energy Solutions (1.54 per cent) and ACC (0.77 per cent).
Shares of Adani Wilmar, however, declined 1.19 per cent.
"Nifty has regained momentum, closing at 23,312, buoyed by demand and reclaiming the 23,300 mark, as Wall Street's strong performance helped bulls take charge. Risk-on sentiments were sparked by cooler-than-expected US CPI inflation data for December, easing concerns about rising inflation and boosting expectations that the Fed might continue its rate-cutting cycle throughout the year.
"This, coupled with a weaker US dollar (now at 109) and a drop in the 10-year US bond yield to 4.65 per cent, has further strengthened investor confidence," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.
The BSE smallcap gauge jumped 1.43 per cent while the midcap index climbed 0.92 per cent.
Among BSE sectoral indices, services jumped 1.93 per cent, industrials (1.73 per cent), metal (1.63 per cent), telecommunication (1.61 per cent), capital goods (1.56 per cent) and commodities (1.51 per cent).
IT, Consumer durables, teck and BSE-focused IT were the laggards.
"The Nifty continued its upward momentum for the third straight session, closing 98 points higher (0.42 per cent) at 23,311, driven by positive global sentiment. Asian markets tracked Wall Street's gains, responding favourably to US core inflation data that reinforced expectations of potential Federal Reserve rate cuts in 2025," Devarsh Vakil, Head of Prime Research, HDFC Securities, said.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled in the positive territory.
Equity markets in Europe were quoting higher. US markets rallied on Wednesday.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,533.49 crore on Wednesday, according to exchange data.
The rupee depreciated 16 paise to close at 86.56 (provisional) against the US dollar on Thursday.
Global oil benchmark Brent crude dipped 0.18 per cent to USD 81.88 a barrel.
In the previous session, the BSE benchmark rose 224.45 points or 0.29 per cent to settle at 76,724.08 on Wednesday. The Nifty advanced 37.15 points or 0.16 per cent to 23,213.20.
