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How Coronavirus Hit FII Flows - 6 Points

Posted by Equitymaster
      

With the ongoing panic in the global as well as Indian stock markets, there is no end to foreign investors dumping Indian shares.

This wasn't the case a while back. Foreign institutional investor (FII) were making a beeline for Indian equities few months back.

How has this trend been so far this year? What has changed in recent weeks and months? And what's behind the heavy movement of foreign funds in India?

Let us look at some key points to answer these questions...

  1. September 2019: FII Money Returns to India Again

    If we track the trend of FII flows in financial year 2019-20, after the Union Budget in July 2019, foreign investors began selling. They pulled out a ton of money from Indian equities.

    Why? Well, they were disappointed with the budget as it did not address the key concerns the economy was facing.

    However, the month of September was a different ballgame altogether as foreign money once again made its way into Indian equities. Not surprisingly it was also the month in which the Government made amends for its failed budget.

    This is evident in the chart below:

    September 2019: Foreign Money Returns to India Again

  2. 3rd Quarter 2019-20: FIIs Keep Pouring Money in Indian Equities

    There were two reasons behind the above FII rush to Indian equities:

    1. Clarification by the FM that the tax on the super-rich was not applicable on foreign investors
    2. Cut in corporate tax rates, among other efforts, that had the potential to make Indian manufacturing globally competitive

    Both the above points strengthened the case for investing in Indian for FIIs.

    And they kept on pouring money in the following months.

    Here's how much money came by FIIs to Indian stock markets in the third quarter of FY20:

    Month Net Investment (Rs, m)
    Oct-19 85,956
    Nov-19 129,249
    Dec-19 6,941
    Total 222,146
    Data Source: Equitymaster
  3. 2019: Best FII Flows in Six Years

    Overall, in calendar year 2019, FIIs pumped in a net of more than Rs 1,000 bn (billion) in Indian stocks. This made it their best such infusion in six years. The previous high was Rs 1,130 bn in 2013.

  4. 2020: The Downtrend Starts

    The buying trend, however, didn't last long. FIIs rushed out of India amid concerns of slowing economic growth and high stock valuations.

    In the month of January, they pulled out Rs 126.8 bn from Indian stock markets.

  5. Feb-Mar 2020: Coronavirus Triggers FII Sell off

    The selling intensified further in February and March 2020. The major trigger was the coronavirus led panic sell-off across global financial markets.

    In February and March, Nifty and Sensex corrected sharply. It was not just Indian share markets but even global indices like the Dow Jones, NASDAQ, FTSE, DAX, CAC and the Nikkei that witnessed the brunt.

    In the Indian context, the stock market correction was exacerbated by the weak foreign investor sentiments. The real surprise was not the FII selling. It was the ferocity and the intensity of the selling in such a short span of time.

    From February 14th, the FIIs have been sellers on all days except one.

  6. March FII Outflows to date to Surpass the 2008 Crisis Level

    So far in March, FIIs have sold a net of Rs 478.9 bn of Indian shares.

    And this makes the outflows of the month set to surpass the 2008 crisis level.

    While India is still better placed relative to other emerging market peers, the wipe-out has been massive.

What Should Market Participants Do?

There is no denying that FIIs play an important role in the Indian stock markets.

Strong FII participation is good from the domestic investors' point of view in the sense that it leads to enhanced liquidity and greater depth in the market.

However, in the event of FIIs pulling out on a larger scale and a free fall in the markets, the correction in valuations of fundamentally solid companies would be just temporary. It may in fact offer some lucrative value buying opportunities.

How do you zero in on these opportunities?

Our special report, How to Trade the Coronavirus Crash, has the answer. Just claim your FREE copy here...



This article (How Coronavirus Hit FII Flows - 6 Points) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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How Corona Crash Hit Indian Financial Markets in March 2020 - 6 Charts

Posted by Equitymaster
      

Stock markets around the world witnessed one of the most painful correction phases in the month of March 2020.

Indian stock markets too mirrored the trend.

Here are six charts showing how Indian financial markets performed in March 2020.

  1. Record Wealth Destruction

    In the month of March 2020, the Sensex fell as much as 23%.

    It is not the month where the market has fallen the most. That honor goes to October 2008 where markets tanked 23.9%, beating the 23.1% the market lost last month by a whisker.

    However, March 2020 wins hands down in wealth destruction.

    Wealth destruction of Rs 4.4 lakh crores back in 2008 pales in comparison to the Rs 14.6 lakh crores worth of wealth destroyed on the Sensex in the last month alone.

    March 2020 the Second Worst Month in History

  2. Huge Selling Pressure for Individual Stocks

    Except two, all the stocks in the BSE Sensex plunged in March 2020.

    The decline was mainly led by banking stocks and financial stocks.

    Stocks such as IndusInd Bank, Bajaj Finance, and Axis Bank fell as much as 40%-70%.

    Top BSE Gainers and Losers in March 2020

  3. All Sectors in a Sea of Red

    Among sectors, all the BSE indices gave negative returns in March 2020.

    BSE Realty, BSE Bankex, BSE Finance, and BSE Auto Index fell more than 30%.

    It was a double whammy for banking and finance stocks that witnessed most of the brunt on the back of coronavirus outbreak and Yes bank crisis.

    Worst Hit Sectors in March 2020

  4. Crude Oil Slumps Over 50%

    Crude oil crashed over 50% in March 2020.

    The fall was seen because of oversupply amid subdued demand.

    Oil prices crashed last month in what was the worst price dip since the 1991 Gulf War with Brent prices plunging to US$ 31 per barrel.

    Oil markets faced a double whammy from the coronavirus outbreak and a price war between Saudi Arabia and Russia after OPEC and other producers failed to agree on deeper cuts to support oil prices in early March.

    Shares of oil marketing companies such as Hindustan Petroleum Corporation (HPCL), Bharat Petroleum Corporation (BPCL), GAIL, ONGC, Indian Oil Corporation (IOC) and Indraprastha Gas were in focus in March amid record low crude oil prices.

    They witnessed buying interest and capped most losses led by the stock market crash.

    In his latest video, Ajit Dayal shares his views on the impact of the coronavirus crisis and the oil price war on the Indian economy and the stock market. You can view the same here.

    Crude Oil Continues Free Fall

  5. Gold Prices Shine

    Base metals also remained under pressure as lockdown imposed in several parts of the world curbed demand, pushing stockpiles higher.

    However, gold prices rose 3% in March 2020 as demand for the safe haven asset rose with market participants bracing prolonged uncertainty in the wake of the novel coronavirus outbreak.

    To know more about gold, you can check one of Vijay Bhambwani's recent articles here: Is the Price of Gold About to Go Higher?

    Gold Witnesses Buying

  6. Rupee Hits Record Low in March 2020

    Massive sell-off in equities and bonds led to a huge fall in rupee against the dollar in the month of March.

    The rupee hit a record low of 76.32 against dollar earlier this week.

    Most of the selling pressure for rupee was seen on the back of slump in equities and currencies globally. Investors were concerned that support measures from governments and central banks may be insufficient to halt the economic damage caused by the coronavirus pandemic.

    Rupee Continues Downtrend

So, that was a round-up on how Indian financial markets performed in the month of March 2020.

At times like these, while we must do everything we can to guard against the coronavirus, we must not ignore our money.

Our special report, How to Trade the Coronavirus Crash, will help you get a grip on the current market situation...and figure out ways to profit from it.

This is the most comprehensive report on how to trade the coronavirus, both from a short-term and long-term perspective. I strongly recommend you read it now. Claim your FREE copy here...

And rest assured, Equitymaster is with you all the way on this journey. To that end, we have decided to offer you two of our premium learning courses free!

From the comfort of your home, you can learn the basics of fundamental investing with Equitymaster Secrets and the ins and outs of making money using derivatives with Derivantage. Get started right away.

Happy Investing!



This article (How Corona Crash Hit Indian Financial Markets in March 2020 - 6 Charts) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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Jos Buttler says he is in awe of Rohit Sharma's effortless batting

England batsman Jos Buttler was effusive in his praise for Rohit Sharma, describing the India opener as an awesome player, who can "effortlessly" take down any opposition by scoring big hundreds. "Rohit Sharma I think is an awesome player," Buttler said during an Instagram live session on Rajasthan Royals page.

"Effortless. Quite a lot of Indian players have that awesome style. "He has been fantastic for a long time and I just like the way he bats and the effortless nature in which he takes people down." Rohit is currently regarded as one of the greatest ODI players, ranked only behind India skipper Virat Kohli at the top of the ICC rankings. The Mumbaikar is the only batsman to have scored three double hundreds in the format. The 32-year-old had equalled Sachin Tendulkar's record for most centuries in World Cup matches when he scored five hundreds at the 2019 World Cup to end up as the highest-scorer with 648 runs.

"One of the things I have seen with Rohit is that if he gets in, he scores big runs and really affects the game. He must have scored 4-5 hundreds in the World Cup last year," said Buttler, who had shared the dressing room with Rohit at Mumbai Indians in the 2016 and 2017 seasons. Buttler feels the Indian players now have become better in negotiating short balls. "I think a few years ago people used to attack Indian players with the short ball but Rohit smashes them. Then you go fuller and he smashes them right down the ground."

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Rohit Sharma becomes Dubai-based coaching academy's brand ambassador

India's limited-overs vice-captain Rohit Sharma has become brand ambassador of 'CricKingdom', a cricket academy based here which will also facilitate coaching through its online platform after the global COVID-19 pandemic subsides.

CricKingdom's online platform "will connect student, coaches, academies and facilities into an integrated ecosystem'. It will help in booking of coaches, ground/nets along with management of academies. "CricKingdom seeks to merge the time-tested theories that has produced legends in the game along with modern scientific training methodologies," Rohit was quoted as saying in the press release.

"The vision is far-sighted and it seeks to make every aspect professional and structured," said Rohit, who is also being proposed to be a Director. The academy also has Mumbai medium pacer Dhawal Kulkarni as one of its mentors. There are at least 20 coaches associated with this venture and most of them have worked at the grassroots and junior level. Notable names include Pradeep Ingale, Parag Madkaikar, Subhash Ranjane and Prathamesh Salunkhe. The coaching on offer is for four categories -- from 5-8 years, 8-13 years, 13 years and above and club and elite level cricketers.

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Rohit Sharma: With Steve Smith, David Warner in fray, Australia tour will be different ball game

Swashbuckling India opener Rohit Sharma believes the presence of David Warner and Steve Smith will make the tour of Australia later this year a "different ball game" for the his side, which is also at its best right now. India won the 2018-19 Test series 2-1, their first in 71 years of touring Down Under, but it came against a depleted Australian team which didn't have Warner and Smith, who were both serving a one year ball-tampering suspension.

"I was looking forward to the New Zealand series but unfortunately, injury (calf muscle) happened at the wrong time," Rohit told 'India Today' on Wednesday. "I can't wait to go to Australia and play the Test matches there. Australia in Australia with those two guys will be a different ball game," India's white ball vice-captain said.

For him, opening is a challenge that he has relished and a testimony to that was his stupendous start against South Africa at home. However, he has been ready for the job since the 2018 Australia tour when the team management gave him enough hints. "I was told you might be opening in Tests as well. It was two years ago. I was preparing myself from then onwards," he said.

For him, watching the game from the dressing room is no fun. "You wanted opportunity, everybody wants to be out there in the middle. I wanted to play and not watch the game. "When the chance came along, I was ready. There were some technical aspects, I needed to be aware of," he said. Rohit said the Australia series will be an exciting one as this Indian team is currently playing its best cricket.

"As a team, we are playing best cricket right now, everybody wants to take the game back to the opposition. If it happens (amid the COVID-19 pandemic), it will be a great series to be part of," he said. The tour is planned between October and January but there is speculation on whether it can be conducted smoothly amid the global heath crisis which hasn't shown any signs of being under control as of now.




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T20 World Cup | Hitman Rohit Sharma on a mission

India limited-overs vice-captain Rohit Sharma wants his team to win at least two out of the next three World Cups and says the management is making a conscious effort to give young players adequate chances to prove themselves. Rohit spoke his mind in an Instagram live session with former India spinner Harbhajan Singh.

"My personal aim is that we as a team should be able to win at least two World Cups out of three coming up," he said referring to the T20 World Cup in 2020 and 2021 and 50-over World Cup in 2023.

India have not won a global event since the 2013 Champions Trophy. Rohit had hit a record five hundred in the 2019 World Cup but India could not go beyond the semi-finals. "Probably, if we did not lose wickets in that opening half-hour [against New Zealand], we could have won the game. Those 10 overs were really important," said Rohit, recalling India's batting collapse in the all-important semi-finals.

In the recent past, India have tried many players in the middle-order but that department still looks unsettled, though Shreyas Iyer has emerged as a solid No. 4. "We keep talking about backing players in the team so that they can cement their places. There is a lot of pressure on captain and coach to pick the players and back them.

"It is important to give them enough chances. We have heard about how dada [Sourav Ganguly] backed you [Harbhajan] and Yuvi [Yuvraj Singh]. How they backed you and then you delivered. The same way we should do it, the process is on. Whoever is being backed at the moment will get adequate chances." Rohit recollected the time when he got into the Indian team. "When you don't get a consistent run, the player's confidence is hit. It happened with me also. It depends on the individual how he utilises that opportunity.

"We should back the players till the time you are absolutely sure that he is not in the scheme of things in the long run," he said.

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Kapil Dev hits back at Shahid Afridi over India-Pak charity series

Former India skipper Kapil Dev was pulled up by former Pakistan skipper Shahid Afridi after he turned down Shoaib Akhtar's proposal for a India-Pakistan series to raise funds to fight the Coronavirus outbreak. But Kapil has made it clear that he is standing his ground.

"You could be emotional and say that yes, India and Pakistan should play matches. Playing matches is not a priority at the moment. If you need the money then you should stop the activities at the border. The money which will be spent can be used to build hospitals and schools. If we really need money than we have so many religious organisations, they should come forward. It is their responsibility. We offer so much money when we visit the religious shrines, so they should help the government," Kapil told Sports Tak.

In fact, he wants everyone to look at the larger picture and not even think about cricket at present. "I am looking at the larger picture. Do you think cricket is the only issue we can talk about? I am rather worried about the children who are not being able to go to schools and colleges because that is our young generation. So, I want schools to reopen first. Cricket, football will happen eventually," he added.

Afridi had earlier said: "Kapil's reaction has surprised me. I expected better from him and feel one should not talk like this in these crisis times. Sport is supposed to bring people together and build bridges. It is pretty disappointing," he said.

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Suresh Raina's birthday wish for Rohit Sharma: Stay home, bake cake

Batsman Suresh Raina on Thursday asked Rohit Sharma to stay home and bake a cake as the right-handed batter celebrates his 33rd birthday today.

"Happy birthday, Rohit! Wishing you and the family health and happiness in these dire times. Stay home, stay safe, bake a cake. @ImRo45 #HappyBirthdayRohit," Raina tweeted.

Board of Control for Cricket in India's (BCCI) official handle also shared a video of some of the special knocks played by Rohit in Test cricket to wish the batsman a very happy birthday.

"Happy Birthday, Hitman. On @ImRo45's special day, here is a recap of The Hitman show in whites. This one was in one of his favourite hunting grounds - Kolkata, #HappyBirthdayRohit," BCCI tweeted.

Coach of the Indian side, Ravi Shastri tweeted: "Happy Birthday, Sharmaaaa! Have a great year ahead. Here's wishing you and your family health and happiness, God Bless".

Pacer Mohammed Shami also took to Twitter to send in his wishes for Rohit Sharma.

"Happy birthday to you. From good friends and true, from old friends and new, may good luck go with you and happiness too! @ImRo45," Shami tweeted.

In the 2019 Cricket World Cup, Rohit Sharma finished the tournament as the highest run-scorer after registering 648 runs from just nine matches at an average of 81.00.

During the tournament, he had also become the first batsman to score five centuries in a single edition of the World Cup.

Rohit, who is now the vice-captain of the ODI team, has played 224 ODIs, 108 T20Is, and 32 Tests so far.

The limited-overs vice-captain has so far scored 14,029 runs across all formats.

Rohit is the only player in the world to have three double tons to his name in ODI cricket. He also holds the record for the highest individual score in the 50-over format as he played a knock of 264 runs against Sri Lanka at the Eden Gardens.

In the longest format, he has also reinvented himself as the batsman started opening the batting in Test cricket last year.

Rohit would have been in action for the Mumbai Indians had the Indian Premier League (IPL) commenced from March 29.

However, the tournament has been suspended indefinitely due to the coronavirus pandemic.

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India's 'Hitman' Rohit Sharma turns 33. Let's relive his three double tons in ODIs

As the ace cricketer Rohit Sharma turns 33 today, let us go down the memory lane and relive the three double tons scored by the right-handed batsman in the ODI format.

Rohit, popularly known as the 'Hitman' made his ODI debut on June 23, 2007, but the batsman came into his known once he became the full-fledged opener in the limited formats.

Opening the batting, Rohit played his natural game and dominated the bowling attacks from the very start of his innings.

It is a testament to Rohit's aggressive batting abilities that the batsman has three double tons to his name in the ODI format.

Now, let's relive Rohit's three double tons in the 50-over format.

209 vs Australia, Bengaluru, 2013

Batting first, Rohit was slow off the mark and he took his time in building the innings. However, as soon as he got the scheme of things, Rohit started to go after the spin bowlers and in no time went past the 100-run mark. After reaching his century, he shifted gears and went on to bring up his first double century in ODIs. He went on to play a knock of 209 off just 158 balls. This innings helped India post 383 runs on the board, and the effort helped the side win the match by 57 runs.

264 vs Sri Lanka, Kolkata, 2014

Rohit went on to score 264 runs off just 173 balls against Sri Lanka at the Eden Gardens, Kolkata and this knock remains the highest score by any batsman in the 50-over format to date. The 32-year-old was given a reprieve when he was just on a score of four runs, and the batsman went on to make the most of it as he scored 260 more runs to make the Sri Lankan bowlers toil on the field.

208 vs Sri Lanka, Mohali, 2017

Batting first, Rohit Sharma went on play a knock of 208 runs off just 153 balls to take the Men in Blue's score to 392/4. The right-handed batsman's innings was studded with 13 fours and 12 sixes. This effort helped India win the match by 141 runs.

In the 2019 Cricket World Cup, Rohit Sharma finished the tournament as the highest run-scorer after registering 648 runs from just nine matches at an average of 81.00.

During the tournament, he had also become the first batsman to score five centuries in a single edition of the World Cup.

Rohit, who is now the vice-captain of the ODI team, has played 224 ODIs, 108 T20Is and 32 Tests so far.

The limited-overs vice-captain has so far scored 14,029 runs across all formats.

In the longest format, he has also reinvented himself as the batsman started opening the batting in Test cricket last year.

Rohit would have been in action for the Mumbai Indians had the Indian Premier League (IPL) commenced from March 29.

However, the tournament has been suspended indefinitely due to the coronavirus pandemic.

Catch up on all the latest sports news and updates here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever




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Love you Ro! Check out Ritika Sajdeh's mushy birthday wish for Rohit Sharma

India cricketer Rohit Sharma turned 33 yesterday and wife Ritika wrote him a sweet message accompanying this picture she Instagrammed to her 1.8 million followers:

Ritika Sajdeh wrote, “Happiest birthday to the one that makes me laugh till I can’t breathe, to my favourite travel companion, to my best friend, to the best dad, to the one that can’t sing even if his life depended on it. To the best I could ever wish for, happy birthday, Love you, Ro.” The post received a whopping 250,000-plus ‘likes’ within a few hours.  

Ritika Sajdeh and Rohit Sharma were dating for a few years after they met via a mutual friend in none other than Yuvraj Singh. Rohit and Ritika got married on December 13, 2015. Three years later, in 2018, they welcomed their child Samaira into the world.

Catch up on all the latest sports news and updates here. Also download the new mid-day Android and iOS apps to get latest updates.

Catch up on all the latest sports news and updates here. Also download the new mid-day Android and iOS apps to get latest updates.




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Ramnaresh Sarwan hits back at Chris Gayle: I've got nothing to do with selection

Former West Indies cricketer Ramnaresh Sarwan has broken his silence after his former teammate Chris Gayle took to social media to hit out at him. Gayle had earlier accused Sarwan for engineering his ouster from Caribbean Premier League side Jamaica Tallawahs. "I categorically deny any involvement in the decision, or the decision-making process, which led to Gayle's non-selection to represent the Jamaica Tallawahs in the 2020 Caribbean Premier League (CPL) Tournament," Sarwan was quoted as saying by ESPNcricinfo on his Facebook page. "In that video, he has levelled false allegations and tarnished the good name and reputation of a series of persons.

"I was the focus of most of the onslaughts. I reply, not because I feel that Gayle's rantings are worthy of it, but because I feel that the public's record must be set straight and also, to protect the character and careers of so many people, whose image he sought to besmirch," he added. Gayle had earlier referred to Sarwan as a 'snake' and he even went on to the extent of saying that he was 'worse than coronavirus'.

"Let me make this abundantly clear that I played with Gayle since the inception of my career. I have always respect him as an extraordinary talent, a colleague and most importantly as a close friend. Hence, my utter shock at these allegations," said Sarwan. Tallawahs have also said that Sarwan had nothing to do with Gayle not being retained by the franchise.

"Gayle gave several reasons for the decision that was made not to retain him in the Tallawahs. However, the truth is that this decision was made collectively by the Ownership and Management team which did not include Ramnaresh Sarwan and based purely on business and cricketing reasoning," Tallawahs said in a statement on their official website.

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This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever




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MSK Prasad differentiates between MS Dhoni, Virat Kohli and Rohit Dhawan as captains

Former India chief selector MSK Prasad listed out the differences between Mahendra Singh Dhoni, Virat Kohli and Rohit Sharma as captains. Speaking during an online live video session, Prasad states the three have altogether different styles of captaincy that has brought so much success over the last few years.

"If you look at fundamental styles, leadership has got so many different styles. These three (Dhoni, Kohli, Rohit) are three different guys and I am sure all three are equally good," Prasad said in an interview uploaded on Fancode app.

"They are three guys who have three different styles. Mahi is absolutely cool, you never know what is there in his mind until it is executed, he's very very cool, and very very accommodative whereas Virat is pretty clear. He's at you all the time, he's very clear in his mind what he wants. If you are talking about Rohit, he's more of an accommodative sort of a guy. He definitely has that empathy towards other players and he thinks from their hats," he said.

Prasad also spoke about the Dhoni's future with Team India. He revealed they had a discussion regarding Dhoni taking some time off from the game and that is why they backed youngster Rishabh Pant in that position.

"We had a discussion and Mahi (Dhoni) didn't want to play for some time. So we moved on and picked Rishabh Pant and we have been backing him. Now KL (Rahul) has also done extremely well in the matches that he played in New Zealand," Prasad said.

"So it would have been nice if the IPL was being played and we would have seen old glimpses of Mahi but now it's a very tricky situation."

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Rohit Sharma: Brett Lee took my sleep away, Josh Hazlewood's too good

The thought of standing up to Brett Lee's thunderbolts had taken Rohit Sharma's "sleep away" when he first started out but among the current lot, Josh Hazlewood is one speedster the India swashbuckler "doesn't want to face" in Tests.

Rohit said he will have to be mentally prepared to face Hazlewood when India tour Australia for a Test series later this year, provided the COVID-19 pandemic subsides. Asked to name the toughest pacers he has faced so far, Rohit said, "One bowler is Brett Lee because he didn't let me sleep the previous night on my first tour to Australia in 2007, as I was thinking how to play this bowler who bowls in excess of 150 kmph."

"In 2007, Brett Lee was at his peak. I used to watch him closely and noticed that he was consistently bowling at the speed of around 150-155 kmph. The thought of a youngster like me facing that kind of speed took away my sleep," Rohit said of the former Australian speed merchant on Star Sports' 'Cricket Connected'. Since making his debut in 2007 as a precocious talent, Rohit has gone on to become one of the world's most prolific batsmen, and his exploits in limited overs cricket are second to none.

Rohit has racked up 29 ODI hundreds and six centuries in Test cricket, besides four three-figure mark in the T20 Internationals. "Currently, someone whom I don't want to face in Test cricket would be Josh Hazlewood because he's disciplined and does not move away from that length. He does not give you loose balls," he said. Among the retired lot, Rohit said South African pace great Dale Steyn has also given him nightmares because of his ability to swing the ball at great speed.

"I have two retired favourite bowlers who I never wanted to face, one was Brett Lee and the other was Dale Steyn. I never wanted to face Steyn because playing pace and swing at the same time was a nightmare, it was just unreal." Rohit said he continues to face quality bowlers in the present day with Hazlewood being among the best . "I have watched him enough to understand that. I know for a fact that if I have to go to Australia to play a Test, then I have to be mentally prepared to be disciplined while facing Josh," said the scorer of three double hundreds in ODIs.

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Gautam Gambhir: Rohit has an edge over Kohli because of the impact he has

Former India opener Gautam Gambhir feels that Rohit Sharma has made of an impact in white ball cricket as compared to Virat Kohli despite the Indian skipper's staggering statistics in shorter formats. Gambhir however, believes that Kohli will end up scoring more runs than Rohit. "For me, white ball cricket is all about impact. Kohli will end up getting many more runs than Rohit, and Kohli is among the greatest right now but Rohit has an edge over Kohli because of the impact he has," Gambhir said on Sports Tak, according to the India Today website.

Record-breaking stuff
"I think Rohit is the best white ball cricketer in the world right now. He is not the greatest overall but at the moment he is the best. He is the only player to have hit three ODI double hundreds, five World Cup hundreds [in one edition] and he is also the only player, who if he gets past the 100-run mark, makes people feel that he missed a double century [if he gets out]." Comparing Kohli and Rohit further, the 2011 World Cup winner said, "It is very difficult to compare them. Virat is unbelievable. His stats prove that. But when your reputation is such that when you get out after a hundred, people say he has missed out on a double hundred, that speaks volumes about you."


Virat Kohli. Pics/AFP

Rohit, 33, has 9115 runs from 224 ODIs at an average of 49.27 at a strike rate of 88.92. He has 29 hundreds and 43 fifties. In T20Is, Rohit has 2273 runs from 108 matches at an average of 32.62 and a strike rate of 138.78. Kohli, 31, meanwhile, has 11,867 runs from 248 ODIs at 59.33 and a strike rate of 93.25. He has scored 43 centuries and 58 half centuries. Kohli has 2794 runs from 82 T20Is at an average of 50.80 and a strike rate of 138.24.Gambhir felt that former India captain Mahendra Singh Dhoni had a key role to play in supporting Rohit and now it was time for Kohli and Rohit should groom youngsters in the current Indiah team in the same way.

'Groom youngsters now'
"Rohit is the prime example of how a player's fortunes can turn around if he is nurtured by the seniors. I hope the young cricketers in the current generation, be it Shubman Gill or Sanju Samson, they also get the similar kind of support. And now when Rohit is a senior, I expect him to back youngsters."


Gautam Gambhir

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Rohit Sharma: Mumbaikars not lucky as Australians, expensive to get your own house

Indian cricketer Rohit Sharma recently had a candid chat with former Australian pacer Brett Lee about what he’s doing in order to keep himself busy during the lockdown on Star Sports’ show Cricket Connected. Rohit Sharma went on to address the issue of space in Mumbai on streets as well as houses. Rohit said, "I wish I had enough place to play indoor cricket, but unfortunately in Mumbai, the place is very secluded, and you have to stick to your apartment. We are not as lucky as you guys where you have your own backyard to play."

"In Mumbai, it’s very expensive to get your own house where you have your own backyard. I live in an apartment and I am lucky to have a little balcony where I can run around and do some activities that my trainer has given me. I am trying to follow whatever little I can. Hopefully, the gyms will open soon, and I can go there," Rohit added.

"But I am missing hitting the ball, that’s for sure. As you know, I like to hit big, so space is not enough. I just can’t wait to go out there and start hitting the ball."

Born and brought up in Mumbai, Rohit Sharma is also the captain for the IPL franchise Mumbai Indians and has won a record 4 IPL titles with the team.

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Gautam Gambhir: Rohit got a lot of support from then skipper MS Dhoni

Former India cricketer Gautam Gambhir believes the credit for Rohit Sharma's meteoric rise in white-ball cricket must be given to former captain Mahendra Singh Dhoni.

Since making his debut in 2007, Rohit was languishing in the middle-order with consistency being his main issue.

Dhoni seemingly took note of Rohit's hidden talent and gave him a long rope. He then promoted Rohit as opener in 2013 and that move worked wonders for him as the right-hander has gone on to become one of the most lethal top-order batsmen in white-ball cricket.

"Where Rohit Sharma is today, it is because of M.S. Dhoni," Gambhir told Sports Tak as per India Today.

"You can talk about the selection committee and team management, but if you do not have the backing from your captain then it is all useless. Everything is in the hands of the captain.

"How Dhoni backed Rohit Sharma over a period of time, I don't think any other player has been given such support," he added.

Earlier, Gambhir had described Rohit as the best white-ball cricketer in the world. In his birthday wish for Rohit, Gambhir wrote: "Happy Birthday to the best white-ball cricketer in the world Rohit Sharma! Have a great year ahead!!"

"Don't know about that Gauti bhai. But loving your work," Rohit responded to the high praise from his former teammate.

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Rohit Sharma: India-Australia series will be a great way to resume cricket

India's limited-over vice-captain Rohit Sharma in an Instagram Live with Australian opener David Warner said India's tour of Australia, which is scheduled after the T20 World Cup, will be a "great way" to restart international calendar.

'Love playing Australia'

"I love playing against Australia. When we won last time [in 2019], it was great for us. You guys [Warner and Steve Smith] were missing [due to ball-tampering bans]. "What our bowlers and batters did there was amazing. I am looking forward to the upcoming tour already. Hope both boards manage to get the series underway. Will be a great way to kick off cricket in the world," Rohit said.

India won their first Test series in Australia, and Warner said he was feeling helpless watching his team lose. "Watching that series was hard as you can't do anything from the outside. But I want to say that India has the best pace attack against left-handers. They zero in one spot and keep bowling there. "Mentally, it was great for Indian cricket but it was hard to watch. I felt helpless," said Warner.

The southpaw said it is unlikely that the T20 World Cup will be staged in his country in October-November because of the COVID-19 pandemic. "The ICC World Cup will not go ahead here by the looks of it. It will be difficult to get everyone (16 teams) together," he said. Warner is also not enthused by the idea of playing in front of empty stands, like Australia did against New Zealand in Sydney in March before the ODI series was called off.

Bizarre experience

"It was a bizarre experience. You could only hear echo of the cricket ball. It was bizarre. We are used to calling 'yes and no' while running between wickets but we did not need to do that. It was literally like playing a warm-up game."

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Youtuber accidentally hits man's car. What happens next is heartwarming!

An exchange of texts between the YouTuber and a man whose car he hit has gone viral. YouTuber Casey Neistat had tweeted about leaving a note apologising to a man whose car he accidentally hit with his 17-year-old pick-up truck and what happened next was absolutely heart-warming.

Neistat, who stays in Los Angeles, wrote on Twitter, "I scratched a guys car this morning when parking my truck, total accident, small but noticeable scratch. I left the owner a note on the wiper and he texted me..."

The note Neistat left for the man read, "Hello, I scratched the hood of your car while parking mine. Please call/text so I can pay for the repairs. My sincere apologies for the trouble." The man texted him  on his contact number provided on the note and gave him a surprising reply. He asked Neistat to donate the money he had put aside for the repairs to the local food bank instead.

The reply read, "Hey, Thank you so much for the note. Please don’t worry about the scratch. Any money you have put towards my car feel free to donate to a local venice food bank. Have a great week!"

Neistat then donated 250 USD to the Los Angeles Regional Food Bank in the name of ‘Mr Scratched Car’. The heart-warming exchange between the YouTuber and the stranger garnered over 243,500 likes and was retweeted more than 20,900 times.

The users commenting on the post narrated similar incidents and praised the interaction between them. Some also praised the man’s reply to the Neistat’s note.

What do you think about the post?

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COVID-19 killed by sunlight, warmer temperatures, humidity: White House

Sunlight kills COVID-19 while warmer temperatures and humid weather significantly damage the virus, measured in terms of the virus' half-life or the time it takes to cut its potency in half, according to the latest breakthrough research from the US Department of Homeland Security's most advanced biocontainment lab, released at the White House on Thursday.

The coronavirus outbreak in the US has killed nearly 50,000 Americans and infected more than 860,000 till date. Research around the effect of temperature and humidity has been gaining traction for weeks, these are the most downloaded papers on research websites but this is the first time the US government has put an official stamp on initial results of temperature tests on COVID-19.

"Our most striking observation to date is the powerful effect that solar light appears to have on killing the virus, both on surfaces and in the air. We've seen a similar effect with both temperature and humidity as well. Increasing the temperature and humidity or both is generally less favourable to the virus," Bill Bryan, chief of the science and technology directorate at the US Department of Homeland Security, said.

In a room at 70-75F temperature with 20 per cent humidity, the half-life of the virus is about an hour, according to Bryan. "But you get outside and it cuts down to a minute and a half, very significant difference when it when it gets hit with UV rays," he said.

According to the same research, the virus' half-life on surfaces reduces dramatically with a combination increase of temperature and humidity. When the temperate is kept constant at 70-75F and only the humidity is cranked up from 20 per cent to 80 per cent, the virus' half-life is shown to crash from 18 hours to 6 hours. If the temperature is increased to 95F, the half-life sinks to barely 60 minutes.

Bryan said this testing was done at DHS' advanced biocontainment lab in Maryland, just outside the national capital. Pointing to charts with data from experiments on the COVID-19 virus, Bryan said the virus half-life plunges "drastically" with exposure to higher temperatures and even minimal exposure to humidity.

Bryan said the DHS biocontainment lab is the only one in America that has the capability to do the kind of testing that has led to the research on the virus' UV and temperature tolerance.

Bryan explained the mechanics of the COVID-19 temperature tolerance experiment in simple terms. He said the virus was first locked into a 5-gallon bucket and suspended in the air inside. "We're able to take a particle of a virus and suspend it in the air inside of this drum and hit it with various temperatures, various humidity levels, multiple different kinds of environmental conditions to include sunlight. And we're able to measure the decay of that virus while it's suspended in the air. This is how we do our aerosol testing."

"While there are many unknown links in the COVID-19 transmission chain, we believe these trends can support practical decision making to lower the risks associated with the virus," Bryan said. The DHS team has also tested the effect of bleach and isopropyl alcohol on the virus, "specifically in saliva and respiratory fluids".

"And I can tell you that bleach will kill the virus in five minutes, isopropyl alcohol will kill the virus in 30 seconds, and that's with no manipulation. No rubbing."

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COVID-19: As cases hit 1 million in US, many Americans opt to stay back in India

Many Americans in India who had signed up for airlifts back to the US are now deciding to stay back and "ride it out" during the COVID-19 pandemic, according to the State Department's top consular official. Principal Deputy Assistant Secretary of State Ian Brownlee said on Tuesday that many who had enlisted for repatriation from India were not responding to offers of seats on the planes arranged by the department to take them home.

The number of recorded COVID-19 cases in the US reached 1 million on Tuesday, with 58,348 deaths, while India had only 31,368 officially recorded cases with 1,008 fatalities, according to the Johns Hopkins University tracker. Brownlee said: "Two weeks ago, we had a list of folks and we were pretty sure if we called (the) folks they'd show up at the airport and say, 'Yes, please.' We're now getting to the point on that list, we're having to make multiple calls for individual seats because people are deciding 'No,' they'd just as soon ride it out where they are."

Last week he said that 4,000 Americans had been brought back to the US and 6,000 were waiting for airlifts. India has cancelled passenger flights and rail transportation during the strict lockdown imposed on March 25.

Brownlee had spoken earlier of the massive logistics effort required to bring Americans from around the vast country to Mumbai and New Delhi, the departure points for the chartered flights.

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