Uthappa, Shivam Dube power CSK to 216/4 against RCB
Navi Mumbai, Apr 12: Shivam Dube and Robin Uthappa feasted on the Royal Challengers Bangalore attack as their scintillating half centuries powered Chennai Super Kings to an imposing 216 for four in an IPL game here on Tuesday.
Invited to bat, Uthappa (88 off 50 balls) and Dube (95 not out) shared a whooping 165-run partnership off just 74 balls for the third wicket -- the highest this season -- to rally the innings after CSK was reeling at 36 for 2 in their 200th IPL match.
Both Uthappa, who turned back the clock, and Dube displayed their six-hitting prowess, pummelling the RCB attack into submission at the DY Patil Sports Academy.
While Uthappa's knock was studded with nine sixes and four boundaries, Dube also hit eight sixes and five fours in his unbeaten 46-ball knock.
Both Dube and Uthappa posted their highest IPL scores to set up the match for defending champions CSK, who are reeling from four straight losses and are still looking for their first win this season.
Uthappa took time to settle and fetched his first boundary only in the fifth over, a cut shot off Mohammed Siraj (0/37), before clobbering Akash Deep (0/58) for his first maximum in the next over.
Uthappa and Dube then upped the ante as they hammered a boundary each off Deep and then the lanky left-handed batter launched into Glenn Maxwell (0/29) for his first six over long-on.
The carnage started from the 11th over as the duo went hammer and tongs and CSK cruised to 133 for 2 in the 15th over, with 73 runs coming in the five overs.
Dube was brutal on Wanindu Hasaranga (2/35), who bled 13 runs, in the 11th over.
Uthappa and Dube spared no bowler with the former stricking three sixes off Maxwell in the 13th over as CSK amassed 19 runs.
Continuing the onslaught, the duo punished Deep in the 15th over, as it was raining boundaries and sixes here.
Uthappa stepped up the attack after his fifty and launched into Siraj, hitting him for two sixes and a four in the 17th over, where 18 runs came.
Deep again faced Dube's brunt, conceding two sixes and a boundary in the 18th over, as 200 looked imminent. Deep bled 24 runs in the 18th over.
Uthappa missed a deserving hundred as he fell in the penultimate over which yielded 14 runs and then Dube compounded the bowling team's woes by hitting two sixes in the final over to finish the innings in style.
CSK lost Ruturaj Gaikwad (17) and Moeen Ali (3) cheaply. But then it was the Uthappa and Dube show.
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Sensex falls by 322 pts as Trump imposes reciprocal tariffs on 60 countries; IT shares lead losers
Mumbai, Apr 3 (PTI): Benchmark indices Sensex and Nifty closed down on Thursday due to selling in IT shares amid a global sell-off as US President Donald Trump unveiled reciprocal tariffs on about 60 countries, including India.
The 30-share BSE Sensex declined by 322.08 points or 0.42 per cent to close at 76,295.36. During the session, it plunged 809.89 points or 1.05 per cent to hit an intraday low of 75,807.55 but recovered some of the losses as pharma shares advanced.
The broader NSE Nifty fell 82.25 points or 0.35 per cent to settle at 23,250.10. The index declined by 186.55 points or 0.79 per cent to a low of 23,145.80 in early trade but later pared some losses.
President Trump, in a historic measure to counter higher duties on American products imposed globally, announced reciprocal tariffs on about 60 countries. The US imposed a 27 per cent tariff on Indian goods while imposing a 10 per cent baseline tax on imports from all countries.
"This is Liberation Day, a long-awaited moment. April 2, 2025, will forever be remembered as the day American industry was reborn, the day America's destiny was reclaimed, and the day that we began to make America wealthy again. We are going to make it wealthy, good, and wealthy," Trump said in his remarks from the Rose Garden at the White House on Wednesday.
IT shares led the losses with TCS falling the most by 3.98 per cent. Tech Mahindra declined by 3.79 per cent, HCL Technologies by 3.71 per cent and Infosys by 3.41 per cent.
"The imposition of very high reciprocal tariffs by the US on its major trading partners, including India, will likely have large negative consequences for global and US GDP growth, global and US inflation, and the profitability of certain sectors and companies in India," Sumit Pokharna, VP-Fundamental Research, Kotak Securities said, adding that a sequential revenue decline for all large Indian IT service companies for the March'25 quarter is expected due to seasonal weakness, lower billing days, and marginal deterioration in demand.
Tata Motors, Bajaj Finance, Kotak Mahindra Bank, Mahindra & Mahindra, Bharti Airtel and Maruti Suzuki India, Tata Steel were also among the laggards.
PowerGrid, Sun Pharmaceuticals, UltraTech Cement, NTPC, Asian Paints, Nestle India, Titan, IndusInd Bank and Axis Bank were among the gainers.
"The Nifty index opened lower in response to the US tariff announcements but saw some recovery due to resilience in select heavyweight stocks. This helped trim losses in early trades, leading to a range-bound session," Ajit Mishra - SVP, Research, Religare Broking Ltd, said.
In broader markets, the BSE smallcap gauge rose by 0.76 per cent and the midcap index went up 0.31 per cent.
Market breadth was positive as 2,809 stocks advanced while 1,175 declined and 139 remained unchanged on the BSE.
"The domestic market initially showed signs of recovery but ended with modest losses after the announcement of a relatively lower... tariff on US imports. The IT and auto sectors experienced selling pressure due to US slowdown concerns and disruptions in the supply chain," Vinod Nair, Head of Research, Geojit Investments, said.
Nair further, said pharmaceutical stocks benefited from being exempt from the tariffs. Nonetheless, robust domestic macroeconomic data and lower crude oil prices aided the broader market performance.
Although the tariff presents short-term challenges, India's economic resilience and bilateral trade agreement may help mitigate the overall impact, he added.
According to Choice Wealth' Vice President Nikunj Saraf, the US tariff on Indian exports introduces near-term economic headwinds, affecting key industries like automobiles, textiles, and gems & jewellery.
While India's trade surplus with the US is significant, prolonged tariffs may force us to explore alternative economic partnerships to safeguard growth.
If these duties persist and impact our economy, a strategic shift toward newer markets and domestic resilience will be imperative. The focus now must be on strong trade negotiations and proactive policy measures to mitigate risks, Saraf said.
Among the sectoral indices, Focussed IT plunged the most by 4.13 per cent, IT (3.78 per cent), Teck (2.85 per cent), Auto (1.14 per cent), Metal (0.99 per cent), Oil & Gas (0.59 per cent), Consumer Discretionary (0.24 per cent) and Energy (0.38 per cent).
On the other hand, Utilities, Power, Healthcare, Telecommunication, Consumer Durables, Services, and FMCG were among the gainers.
Despite, market ended in the red territory, the market capitalisation of BSE-listed firms rose by Rs 35,170.32 crore to Rs 4,13,33,265.92 (USD 4.83 trillion).
In Asian markets, Tokyo's Nikkei plunged the most by nearly 3 per cent, followed by Hong Kong (1.52 per cent), Seoul's KOSPI (0.76 per cent) and Shanghai (0.24 per cent).
European markets were trading lower in the mid-session deals. Wall Street ended higher on Wednesday.
Global oil benchmark Brent crude declined 3.68 per cent to USD 72.19 a barrel.
Meanwhile, foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,538.88 crore on Wednesday, while Domestic Institutional Investors (DIIs) purchased shares worth Rs 2,808.83 crore on a net basis.
On Wednesday, the 30-share BSE Sensex rebounded 592.93 points to settle at 76,617.44, and the NSE Nifty climbed 166.65 points to settle at 23,332.35.
