India’s frontline index Nifty50 has given 8% returns in 2023 as against negative 1.20% returns by Australia’s top index S&P/ASX 200. On the immediate form, Nifty enjoys an upper hand with 0.66% returns over the past week versus (-) 1.34% given by the latter.
India will play its next game on October 11 against Afghanistan which currently does not have a functional stock market. It occupies 9th position in the Men’s ICC World ODI rankings.
The next match will be against Pakistan on October 14, 2023 which is a Saturday. Pakistan is at close number two in the ICC Men’s ODI Team Ranking with 115 points though the country enjoys the pole position among the playing nations with 17.54% returns by Karach 100.
India will play Bangladesh on 19 October. The country is at 7th position in the ICC ODI team rankings. Bangladesh’s headline index DSE30 has given negative returns of 2.63%.
On October 22, India will play against New Zealand which is at the fifth position in the ICC rankings. Its DJ New Zealand index has returned negative 1.62% YTD.
India plays England on October 29. The country occupies 6th position in the ICC rankings while its top stock market index FTSE 100 has given 0.07% returns during this period. Sri Lanka will play India next on November 2. The island nation is at 8th ranking with its frontline index CSE All Share returning 29.22% in 2023.
Also Read: ICC Cricket World Cup 2023 can turn Zomato, 10 other stocks into wealth churners
On November 5, India will play against South Africa. The Proteas are at 4th spot in ICC ODI ranking and often referred to as chokers, their FTSE/JSE All Share index looks out of form with negative 1.90% returns.
India will play its last league match against Netherlands which is at the 14th position in the ranking. Its AEX All Share Index has given 3.76% returns in 2023.
India is hosting the 13th edition of ICC Cricket World Cup which started on October 5, Thursday and will see 48 matches being played over the next 45 days. Cricket, which is no less than a religion in the country is also expected to drive consumption and media activity which is already evident in flight/hotel rates.
“While Indians are hoping for a win, investors and brands are also expecting a strong Dec quarter, coinciding with the festive season – now that’s the home advantage,” Jefferies said in a note while picking its top bets.
ETMarkets.comSource: Jefferies
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