Indian equity markets could remain range-bound in Tuesday's session as the Nifty faces a crucial resistance zone around 23,520-23,550 amid persistent geopolitical uncertainty and elevated energy prices. This comes as GIFT Nifty rises 0.34% to 23,519.50 after Brent crude fell below $100. According to Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities, the 23,520-23,550 zone is likely to act as an important resistance area for the Nifty in the near term. "A sustained move above 23,550 could extend the ongoing pullback rally towards the 23,700 mark in the short term," Shah said. On the downside, the 23,330-23,300 zone is expected to provide crucial support. Shah said a breach below 23,300 could weaken the near-term structure and potentially result in the index resuming its corrective trend. Market participants are also keeping a close watch on crude oil prices and geopolitical developments, which could influence the sustainability of the recent re...
The opening match of the Big Bash League (BBL) 2026-27 will take place in Chennai, with the Melbourne Renegades taking on the Perth Scorchers at the MA Chidambaram Stadium on December 12. The announcement was made by Indian Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese at the Melbourne Cricket Ground, forming the centrepiece of a wider initiative to build a relationship between the two countries known as 'G'day Namaste'. It will be the first time ever that a Big Bash League match will take place in another country, and BBL organisers said that they expect a huge crowd for the encounter.
"We know there are incredibly passionate cricket fans all over India, but particularly in Chennai. Everyone we've spoken to has been really optimistic that we should expect a good crowd," Alistair Dobson, CA's executive general manager of Big Bash Leagues, told reporters.
Wonderful to visit the Melbourne Cricket Ground with PM Albanese. The passion for sport continues to bring the people of India and Australia closer.@AlboMP https://t.co/4agouUbx69
— Narendra Modi (@narendramodi) July 10, 2026
"What has become clear to us as we've built this event out is just how popular the BBL already is in India. It's got nothing on the IPL, obviously, but the BBL is well-liked and respected. We can't wait to see all the fans turn out, albeit I suspect there'll be a fair chunk of yellow in the crowd," he added.
The match will be a 'home' game for the Renegades, and both teams will be given extra time to return to Australia ahead of their next fixtures. The complete BBL schedule will be announced next week, according to media reports. Multiple BBL teams were interested in the fixture, but some teams did not formally apply in order to avoid a 'hectic' schedule.
"We looked across all our clubs and worked with them on what would need to be true for them to play in this game," Dobson explained. "It was a combination of a range of factors, including scheduling and different commercial considerations. Fitting this game into a hectic BBL schedule, for those teams to be able to travel back to the Australian market and continue on a successful BBL campaign, was important."
from NDTV News- Special https://ift.tt/Iu7YXci
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