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Business Standard
2 days ago
- Sport
- Business Standard
Can Arshdeep be ideal replacement for Bumrah in India's playing 11 vs ENG?
The Indian cricket team's entry into the new era of red-ball cricket under the leadership of Shubman Gill was less than ideal. Despite five centuries from Indian batters, including Rishabh Pant's twin tons, which saw the team batting wonderfully in both innings of the first of the five-Test tour of England at Headingley, Leeds, the visitors eventually lost the game by five wickets. The English side chased down a big target of 371 in the final innings, with 350 of those runs scored on the final day, exposing Indian bowlers' lack of wicket-taking skills. In the entire match, except Bumrah, no other bowler looked promising enough to put the English batters under pressure, and all of them were consistently leaking runs. Now, fresh media reports ahead of the second Test at Edgbaston, starting Wednesday, July 2, suggest that India might take the field without their premier ace bowler Jasprit Bumrah, leaving a big void in the pace attack. The visitors do have two pace bowlers on the bench in the form of Akash Deep and Arshdeep Singh. While Akash Deep's match experience might earn him some backing ahead of Arshdeep, who is yet to make his Test debut, the numbers and form suggest that Arshdeep should be Gill and Gambhir's ideal choice for the Edgbaston Test. Arshdeep Singh brings the variation India needs If Bumrah does not play the second Test vs England, India will have Mohammed Siraj, Shardul Thakur, and Prasidh Krishna in the mix. But all three have almost similar stock deliveries, making it easier for the English batters to play their attacking game. However, Arshdeep Singh, being a left-handed pacer, brings much-needed variation to the bowling attack. Since most of the English batters are right-handed, if the wicket offers swing, Arshdeep could prove a tough challenge for the hosts. Moreover, Arshdeep's bowling angle will differ significantly from India's right-handed bowlers. This could create extra rough marks on the pitch, which Indian spinners might exploit to trap the English batters. Arshdeep Singh's stint in county cricket If India includes Arshdeep in the playing 11 for the second Test, it will be his first time playing red-ball cricket in an India jersey. However, while it may be his first Test for India, it is not his first red-ball outing in England, as the pacer has played matches in county cricket for Kent. Arshdeep has represented Kent in five county matches. Across eight innings in those games, he took 13 wickets at an average of 41.69. In addition, he has played a total of 21 first-class matches, taking 66 wickets—proof that he can hold his own in red-ball cricket despite being known as a white-ball specialist. ALSO READ: Arshdeep and Bumrah: A tried and tested duo While Arshdeep's debut might come at the cost of Bumrah's absence, if the Punjab-based bowler can perform well and translate his white-ball form into red-ball success, he could become the bowling partner India has been seeking for Bumrah. The two players are no strangers to bowling in tandem, having proven to be a match-winning combo for India in their victorious 2024 ICC T20 World Cup campaign, where they took 32 wickets together in just eight matches. If Arshdeep justifies his selection, he could become the ideal partner for Bumrah in India's pace attack when the ace pacer returns to the squad.
Express Tribune
2 days ago
- Business
- Express Tribune
PSX faces profit-taking after two days of gains
Listen to article Stocks came under selling pressure at the Pakistan bourse on Thursday as the benchmark KSE-100 index gave up early gains and closed with a drop of over 700 points amid profit-taking. At the commencement of trading, the market extended its healthy momentum of the past two days, hitting intra-day high at 123,418 within the very first hour. However, profit-taking emerged soon afterwards, which gradually took the index to intra-day low of 122,142 before the end of trading. "Stocks closed under pressure amid economic uncertainty ahead of the outcome of Pakistan-US reciprocal tariff talks to avoid potential 29% tariffs on exports," said Arif Habib Corp MD Ahsan Mehanti. Uncertainty about federal cabinet's approval of the revised Finance Bill 2025, along with concerns over tax collection targets and expanded powers for taxmen, which could affect industries, fuelled the bearish close, he added. At the end of trading, the KSE-100 index settled at 122,046.46, down 715.18 points, or 0.58%. Early gains were extended up to 123,418 before the market came off highs to close 0.58% lower day-on-day at 122,046, Arif Habib Limited (AHL) wrote in its daily report. On KSE-100, 71 stocks declined and only 27 advanced, reflecting a broadly negative sentiment. Engro Holdings (+2.22%), National Foods (+8.07%) and Pakistan Petroleum (+0.79%) were the top contributors to index gains. On the other hand, Bank AL Habib (-2.84%), Lucky Cement (-1.86%) and HBL (-2.59%) were the major drags, it said. AHL pointed out that the Supreme Court granted relief to the cement sector by suspending the Lahore High Court's directive that required Punjab-based manufacturers to pay 6% of the ex-factory price in royalty on limestone. Apart from that, The Organic Meat Company (+5.64%) announced plans to export beef casings to Europe, a significant move seen by investors as a step towards diversification and growth. "Heading into last session of the week, the KSE-100 is up 1.69%," AHL said and anticipated that 120k would continue as the support level and a base for push towards 130k. Topline Securities reported that after two consecutive sessions of strong gains, the local bourse witnessed a round of profit-taking, driven by fiscal year-end considerations and short-term portfolio rebalancing. The benchmark index saw a volatile ride, climbing as high as 656 points before slipping to the low of 715 points. It settled at 122,046, reflecting a cautious investor mood as the quarter was drawing to a close. Engro Holdings, National Foods, Pakistan Petroleum and Tariq Glass Industries provided the biggest support, adding 228 points to the index. Meanwhile, Bank AL Habib, Lucky Cement, HBL, Pakistan Services and Systems Limited dragged the index down by 407 points, it said. KTrade Securities observed that the PSX showed signs of buyers' exhaustion as investors booked profits following a recent rally driven by the US-brokered ceasefire between Iran and Israel. Selling pressure was concentrated in banking, cement and technology sectors and market sentiment remained cautiously optimistic, contingent on the ceasefire's sustainability, it mentioned. JS Global analyst Mubashir Anis Naviwala, in his review, wrote that the market opened on a positive note, touching intra-day high of 123,418 early in the session. However, broad-based profit-taking set in after two strong bullish days, which dragged the index into the red. Naviwala saw a positive near-term outlook as dips may offer attractive entry opportunities. Overall trading volumes increased to 758.5 million shares compared with Wednesday's tally of 749.8 million. The value of shares traded was Rs30 billion. Shares of 473 companies were traded. Of these, 200 stocks closed higher, 237 fell and 36 remained unchanged. Pakistan International Bulk Terminal was the volume leader with trading in 37.5 million shares, losing Rs0.06 to close at Rs8.52. It was followed by WorldCall Telecom with 33.3 million shares, falling Rs0.04 to close at Rs1.45 and Pervez Ahmed Consultancy with 33 million shares, gaining Rs0.25 to close at Rs3.29. Foreign investors sold shares worth Rs967 million, the National Clearing Company reported.
Express Tribune
3 days ago
- Business
- Express Tribune
Stocks face profit-taking after two days of hefty gains
Stocks came under selling pressure at the Pakistan Stock Exchange (PSX) on Thursday as the benchmark KSE-100 index gave up early gains and closed with a drop of over 700 points amid profit-taking. At the commencement of trading, the market extended its healthy momentum of the past two days, hitting intra-day high at 123,418 within the very first hour. However, profit-taking emerged soon afterwards, which gradually took the index to intra-day low of 122,142 before the end of trading. At close, the KSE-100 index settled at 122,046.46, down 715.18 points, or 0.58%. 'After a gain of almost 6.6k points (up 5.7%) in the last two sessions post Iran-Israel ceasefire, the PSX had a profit-taking day today (Thursday). Resultantly, the KSE-100 index wrapped up the session at 122,046 by shedding 715 points,' said Ali Najib, Deputy Head of Trading at Arif Habib Limited (AHL). During trading hours, the benchmark index saw some selling, with FY25 settlement falling on Monday (June 30). There are some institutional investors, who follow settlement date accounting and need to square their positions, if needed, he said. 'Early gains were extended up to 123,400 before the market came off to close 0.58% lower day-on-day at 122,046,' wrote AHL in its daily report. While 71 stocks declined, only 27 advanced, reflecting a broadly negative sentiment. Engro Fertilisers (+2.22%), National Foods (+8.07%) and Pakistan Petroleum (+0.79%) were the top contributors to index gains. On the other hand, Bank AL Habib (-2.84%), Lucky Cement (-1.86%) and Habib Bank (-2.59%) were the biggest drags, it said. In a key event, the Supreme Court provided a boost to the cement sector by suspending the Lahore High Court's directive that required Punjab-based manufacturers to pay 6% royalty on the ex-factory price. Additionally, Organic Meat Company gained 5.64% after announcing plans to begin exporting beef casings to Europe, a significant move seen by investors as a step towards diversification and growth, AHL said. 'Heading into the final session of the week, the KSE-100 has risen 1.69% week-to-date,' it said and expected the 120,000 level to act as a key support and potential base for push towards 130,000. Overall trading volumes increased to 758.5 million shares compared with Wednesday's tally of 749.8 million. The value of shares traded was Rs30 billion. Shares of 473 companies were traded. Of these, 200 stocks closed higher, 237 fell and 36 remained unchanged. Pakistan International Bulk Terminal was the volume leader with trading in 37.5 million shares, losing Rs0.06 to close at Rs8.52. It was followed by WorldCall Telecom with 33.3 million shares, falling Rs0.04 to close at Rs1.45 and Pervez Ahmed Consultancy with 33 million shares, gaining Rs0.25 to close at Rs3.29.
India Gazette
3 days ago
- India Gazette
NIA raids 18 places in Punjab, Haryana, Uttar Pradesh in terror conspiracy case
New Delhi [India], June 26 (ANI) The National Investigation Agency (NIA) on Thursday conducted searches at 18 places across Punjab, Haryana and Uttar Pradesh in a terror conspiracy case. The raids are underway since early morning at the locations of suspects at nine places in Punjab, seven in Haryana and two in Uttar Pradesh. The NIA team is being assisted by state police forces of the three states during the raids being conducted based on specific inputs. The NIA's has been carrying out raids in the past in Punjab in connection with terrorist networks allegedly linked to pro-Khalistani groups and other anti-national elements operating within India and abroad. The anti-terror agency is investigating a larger conspiracy involving attempts to revive terrorism in Punjab through targeted killings, extortion, and smuggling. Earlier on June 22, NIA chargesheeted Jatinder Singh, a key abide of the Babbar Khalsa International (BKL) terrorist Lakhbir Singh, also known as Landa and dreaded gangster Pavittar Batala in a Punjab terror conspiracy case. Jatinder Singh alias Joti, hailing from Gurdaspur district of Punjab, was arrested by NIA from Mumbai on December 23, 2024 in the case, said NIA in a statement. NIA found during the investigation that Jatinder was involved in illegal procurement and supply of firearms from Madhya Pradesh to Punjab-based gangsters. He was facilitating the supply of weapons to ground operatives of Batala, a close associate of Designated Individual Terrorist Lakhbir Singh alias Landa. Batala's foreign-based associates were coordinating Jatinder's operations in India. The weapons were being used by Batala's operatives in Punjab to promote BKI's criminal-terror activities. It was further found during NIA investigations that Jatinder used to procure illegal weapons from a known arms supplier, Baljeet Singh alias Rana Bhai, in Madhya Pradesh. Baljeet had already been arrested and chargesheeted by the NIA. The accused were using virtual numbers and encrypted applications to avoid detection by LEAs. NIA is investigating the role of Landa as well as designated terrorist'>terrorist Harwinder Singh alias Rinda and their foreign-based accomplices in the conspiracy. (ANI)
NDTV
3 days ago
- Politics
- NDTV
Anti-Terror Agency NIA Raids 18 Places In Punjab, Haryana, UP In Conspiracy Case
New Delhi: The National Investigation Agency (NIA) on Thursday conducted searches at 18 places across Punjab, Haryana and Uttar Pradesh in a terror conspiracy case. The raids are underway since early morning at the locations of suspects at nine places in Punjab, seven in Haryana and two in Uttar Pradesh. The NIA team is being assisted by state police forces of the three states during the raids being conducted based on specific inputs. The NIA's has been carrying out raids in the past in Punjab in connection with terrorist networks allegedly linked to pro-Khalistani groups and other anti-national elements operating within India and abroad. The anti-terror agency is investigating a larger conspiracy involving attempts to revive terrorism in Punjab through targeted killings, extortion, and smuggling. Earlier on June 22, NIA chargesheeted Jatinder Singh, a key abide of the Babbar Khalsa International (BKL) terrorist Lakhbir Singh, also known as Landa and dreaded gangster Pavittar Batala in a Punjab terror conspiracy case. Jatinder Singh alias Joti, hailing from Gurdaspur district of Punjab, was arrested by NIA from Mumbai on December 23, 2024 in the case, said NIA in a statement. NIA found during the investigation that Jatinder was involved in illegal procurement and supply of firearms from Madhya Pradesh to Punjab-based gangsters. He was facilitating the supply of weapons to ground operatives of Batala, a close associate of Designated Individual Terrorist Lakhbir Singh alias Landa. Batala's foreign-based associates were coordinating Jatinder's operations in India. The weapons were being used by Batala's operatives in Punjab to promote BKI's criminal-terror activities. It was further found during NIA investigations that Jatinder used to procure illegal weapons from a known arms supplier, Baljeet Singh alias Rana Bhai, in Madhya Pradesh. Baljeet had already been arrested and chargesheeted by the NIA. The accused were using virtual numbers and encrypted applications to avoid detection by LEAs. NIA is investigating the role of Landa as well as designated terrorist">terrorist Harwinder Singh alias Rinda and their foreign-based accomplices in the conspiracy.
