The steady exit of overseas funds has intensified the weakness in benchmark indices. (AI image)

Stock market crash: Equity benchmark indices, Nifty50 and BSE Sensex, have plunged by over 2% in the last few trading sessions, with both indices seeing the fifth consecutive day of crash on Friday. Concerns over global trade tensions and political developments in Washington have disrupted investor sentiment, adding to caution.Over the past five trading sessions, the BSE Sensex has shed over 2,100 points, falling from its January 2 close of 85,762.01 to an intraday trough of 83,506.79 on Friday. During the same period, the NSE Nifty 50 has declined to levels below 25,700.

Why is the stock market crashing?

1. FIIs sell-off: Ongoing foreign investor outflows have added to the pressure on equities during the prolonged slide. Foreign institutional investors sold shares worth Rs 3,367.12 crore on Thursday, January 8, marking the fourth straight session of net selling following a brief respite on January 2.The steady exit of overseas funds has intensified the weakness in benchmark indices, deepening losses amid an uncertain global backdrop and reinforcing a risk-averse stance among investors already navigating unfavourable external conditions.2. Trump trade & tariff uncertainty: Equity markets have remained under strain after US President Donald Trump indicated that tariffs on Indian exports could be increased over New Delhi’s continued purchases of Russian crude. A new bill proposing 500% tariffs on countries buying Russian oil has been given a nod by Trump.A proposed bilateral trade agreement between the two countries remains unresolved despite six rounds of discussions held since March. Speaking on the All-In Podcast, US Commerce Secretary Howard Lutnick suggested the talks lost momentum after Prime Minister Narendra Modi did not place a call to Trump. The Trump administration has already imposed tariffs of up to 50% on Indian goods, including a 25% levy linked to India’s imports of Russian oil, among the steepest applied to any trading partner. India has termed these measures “unfair, unjustified and unreasonable”.The uncertainty has intensified ahead of a pending ruling by the US Supreme Court on the legality of Trump’s tariff actions. If the court finds the levies unlawful, Washington could be required to return close to $150 billion to importers, a decision that would have far-reaching implications for global trade.“After the sharp correction yesterday triggered by the possibility of about 500% tariff on India under the provisions of the Russia Sanctioning Act approved by President Trump, the market will be focused on the verdict expected today from the US Supreme Court on the legality of Trump tariffs,” said Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments.“There is a high probability of the verdict going against Trump. But the details are significant: that is, whether it would be a partial striking down of the tariffs or completely declaring the tariffs illegal. The market reaction would depend on the details. If the Supreme Court declares Trump tariffs illegal, there would be a rally in India since India has been the worst affected by the 50% tariffs,” Vijayakumar added.He noted that the recent sharp selloff has dragged down even stocks unlikely to be directly affected by any punitive US measures. According to him, sectors such as financials, consumer discretionary and industrials, which have corrected due to broader market weakness, now offer opportunities for long-term investors to accumulate.3. Muted global signals: Soft cues from overseas markets have reinforced the cautious mood in Indian equities. Stocks across Asia slipped as investors awaited a key US employment report and prepared for a US Supreme Court decision on the validity of President Donald Trump’s broad tariff measures, a ruling that could once again unsettle global markets.4. Rising crude prices weigh on sentiment: Firming oil prices have added another layer of pressure on Indian markets, given the country’s significant reliance on imported crude. Prices moved higher amid lingering geopolitical risks, with investors closely monitoring developments in Venezuela following the capture of President Nicolás Maduro by US forces in a high-profile military operation in Caracas over the weekend.5. Technical signals point to continued weakness: Chart indicators have strengthened the bearish undertone, with key benchmarks breaking below important support levels during the recent decline.“Technically, the market breached the 20-day SMA (Simple Moving Average) support zone, and post-breakdown, selling pressure intensified,” said Shrikant Chouhan, Head Equity Research at Kotak Securities according to an ET report.“On daily charts, it has formed a long bearish candle, indicating further weakness from the current levels,” Chouhan said. He added that “We are of the view that as long as the market is trading below 26,000/84500, weak sentiment is likely to continue on the downside, and the market could slip till 25,750-25,700/84000-83700. On the flip side, if it moves above 26,000/84500, the pullback could continue till 26,075-26,100/84800-85000.”Geojit Investments also flagged caution, citing stretched technical readings. “Short term oscillators being oversold, and being in the vicinity of 30 December’s low, it will not be surprising if a turn high is attempted, as long as 25878 is not penetrated by much margin,” the brokerage said.“Alternatively, slippage past 25776 would have to be taken as a sign that Nifty is coming off a sideways trading range that has been on since November 2025, prompting us to consider possibilities of sharper fall, with 200 day SMA positioned deep at 25039 now.”(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)

In November last year, Vicky Kaushal and Katrina Kaif delighted fans with joyful news of becoming parents. The celebrity duo became parents to their first child, a lovely baby boy. On January 7, as their son became two months old, they unveiled his name to followers, Vihaan Kaushal. The couple posted, “Our Ray of Light Vihaan Kaushal विहान कौशल Prayers are answered. Life is beautiful. Our world is changed in a instant. Gratitude beyond words .” Now, a video of Vicky discussing fatherhood is going viral across social media.

Vicky Kaushal embracing fatherhood

In a recent interview, Kaushal got candid about embracing fatherhood and the ways life shifted after he and Katrina welcomed their son Vihaan. During his chat with Just Too Filmy, Vicky revealed, “Dekhiye abhi toh ek mahina hi hua hai. I am also figuring out what it means to become a father. But I can tell you that it’s the most magical feeling. It’s a feeling sometimes I feel I can’t describe in words, what you truly feel. Of course, there are those beautiful adjectives that you can attach to this feeling of becoming a father. But what you truly feel is a mix of so many things.”

Vicky Kaushal on priceless moments with son

Vicky continued, “Overall, it’s just, it’s just like you know, you just feel like this time all of a sudden has become so priceless. Your centre changes. I feel like my centre has changed and there’s always something calling me back. So, that is there. For the first time I’m very scared ki mera phone naa kho jaaye. I’ve never bothered about my phone, but now I have so many pictures, so many videos of my baby that I’m like ‘Mera phone kahan hai, phone naa kho jaaye.‘ So you’re just craving for that time, you know, with your child. And it’s just very very precious, and it truly has been the biggest blessing of my life. God has been kind.”

Durban’s Super Giants face table-topping Sunrisers Eastern Cape in the 18th match of SA20 2025-26 at Kingsmead, Durban. DSG, struggling in fifth place, seek a turnaround against the dominant SEC, who lead with a superior net run rate. This clash pits batting fireworks against bowling depth on a venue favouring batters early.

Sunrisers Eastern Cape top the SA20 2025-26 points table with 17 points from five games, including three wins and a net run rate of +2.953. Durban Super Giants sit fifth with eight points from six outings, hampered by three straight losses and a net run rate of -0.967. A win is crucial for DSG to revive playoff hopes, while SEC aim to extend their dominance.​

Sunrisers Eastern Cape hold a commanding edge, winning all five prior encounters against Durban Super Giants. Other records show SEC victorious in six of eight SA20 meetings, with one DSG win and one no-result. This history favours the visitors significantly.

DSG vs SEC, SA20 2026: Match details

• Date and Time: January 9; 9:00 pm IST / 3:30 pm GMT / 5:30 pm Local
• Venue: Kingsmead, Durban

DSG vs SEC Head-to-Head Record in SA20 

Matches played: 07 | Durban’s Super Giants won: 06| Sunrisers Eastern Cape won: 01 | No result/Tied: 00

Kingsmead Pitch Report

Kingsmead in Durban presents a batting paradise early on, offering true pace, bounce, and carry that suit aggressive T20 strokeplay, with an average first innings score hovering around 170-180 in SA20 matches. The pitch tends to slow down under lights, bringing spinners into play—they’ve snared over 54% of wickets here, making turn and grip key weapons for sides like DSG. Teams batting first have won six of the last ten games, as chasing proves tricky amid variable bounce later. Expect short boundaries to fuel high scores, but dew could aid batters in the second innings.

Squads

Durban’s Super Giants: Devon Conway, Kane Williamson, Jos Buttler, Aiden Markram (c), Heinrich Klaasen (wk), Evan Jones, David Wiese, Eathan Bosch, Simon Harmer, Kwena Maphaka, Noor Ahmad, Sunil Narine, Taijul Islam, Dayyaan Galiem, Daryn Dupavillon, Tony de Zorzi, Marques Ackerman, Gerald Coetzee, David Bedingham, Andile Simelane, Gysbert Wege

Sunrisers Eastern Cape: Jonny Bairstow, Quinton de Kock (wk), Tristan Stubbs (c), Lewis Gregory, Matthew Breetzke, Marco Jansen, Patrick Kruger, Senuran Muthusamy, Adam Milne, Anrich Nortje, Chris Wood, Allah Ghazanfar, JP King, Christopher King, Jordan Hermann, Mitchell Van Buuren, Tharindu Rathnayake, James Coles, Beyers Swanepoel, Lutho Sipamla

Also WATCH: Matthew Breetzke plucks a screamer to dismiss Dewald Brevis in SA20 2026

DSG vs SEC, SA20 2026: Today’s Match Prediction

Case 1:

• Durban’s Super Giants wins the toss and bats first
• Durban’s Super Giants’ powerplay score: 50-60
• Durban’s Super Giants’ total score: 170-180

Case 2:

• Sunrisers Eastern Cape wins the toss and bats first
• Sunrisers Eastern Cape’s powerplay score: 40-50
• Sunrisers Eastern Cape’s total score: 160-170

Match result: Team batting first to win the contest.

Also WATCH: Dewald Brevis and Sherfane Rutherford unleash a flurry of sixes on MI Cape Town bowlers in SA20 2025-26

THANE: In a high-stakes move ahead of the January 15 civic polls, Thane’s political landscape has been firmly claimed by the “old guard”. A detailed analysis of candidate lists released by the Eknath Shinde-led Shiv Sena, the BJP and the NCP shows a strong continuity strategy, with as many as 29 veteran candidates securing re-nomination across 11 key wards in Kalwa, Mumbra, Diva and Naupada–Kopri.By fielding mostly familiar faces in politically sensitive areas such as Naupada, Kalwa–Mumbra and Diva, major parties have clearly prioritised electability over experimentation. Both the ruling Mahayuti alliance and opposition parties have adopted a safety-first approach, banking on tried-and-tested corporators to protect party strongholds in a volatile electoral environment.Experience has emerged as the key currency in the upcoming Thane Municipal Corporation (TMC) elections. With micro-ward calculations expected to play a decisive role, parties such as the Shiv Sena have leaned heavily on incumbents who enjoy deep-rooted local influence. The decision to re-nominate 29 sitting corporators is seen as a calculated tactical move aimed at minimising electoral risk.Political observers pointed out that sitting corporators enjoy a clear hyper-local advantage that first-time candidates cannot replicate in a single campaign cycle. As the primary link between residents and the civic administration, these veterans have handled everyday ward-level issues such as water supply, sanitation, roads and drainage. By opting for continuity, parties have effectively leveraged what insiders describe as “incumbency stability”.The city’s traditional power centre of Naupada–Kopri saw the highest concentration of returning veterans. In Ward 21, the BJP re-fielded its entire panel — Sanjay Waghule, Madhavi Rajesh, Mrunal Pendse and Sunesh Joshi. Nearby, Wards 20 and 22 featured a mix of Shiv Sena and BJP veterans, including Malati Patil, Namrata Pamnani and Bharat Chavan in Kopri, and Sudhir Kokate in Jambhli Naka. The cluster was completed by Ward 19, where Shiv Sena stalwarts Minal Sankhe, Namrata Bhosale and Vikas Repale were re-nominated.Kalwa once again emerged as a zone of high-profile political contest and strategic recalibration. In Ward 23A, Milind Patil and Aparna Salvi are leading the Shiv Sena’s campaign alongside veteran Independent Pramila Keni and her son Mandar Keni, who has been nominated on a Sena ticket.In contrast, the NCP (SP) opted to field new candidates. Abhijeet Pawar is contesting from Ward 9 on an NCP (SP) ticket, alongside Ganesh Kamble and Anita Gauri. Ward 24 saw the return of veteran corporators Aarti Gaikwad and Priyanka Patil, both re-fielded by their respective parties.In the Diva suburbs, the Shiv Sena is banking on its local strongholds by re-nominating Shailesh Patil (Ward 27A) and Deepak Jadhav (Ward 28A), along with Darshana Mhatre and Babaji Patil.As Thane heads towards polling day, the message from party headquarters is clear: in a closely fought civic contest, experience, familiarity and local recall are being trusted to hold the line.

Mahua Moitra along with other TMC leaders protested outside Amit Shah’s residence (ANI image)

NEW DELHI: Trinamool Congress MP Mahua Moitra on Friday accused the Centre of misusing central agencies after she was detained by Delhi police while protesting outside union home minister Amit Shah’s office against the Enforcement Directorate (ED) raids on political consultancy firm I-PAC in Kolkata.Reacting after her detention, Moitra alleged that the ED was being used to target political opponents and steal sensitive electoral information.

“You have seen how the government is using the ED as their agency to steal information, election strategy of their political opponents. ED was sent to the office of our political consultant for dacoity of information. They are talking about some 7–8 years old coal scam; you didn’t get time to gather information in all these years. Mamata Banerjee showed how to fight against them. People of Bengal will teach them a lesson,” she said.Earlier, as she and other TMC MPs including Derek O’ Brien were taken away by police, Moitra posted on X, claiming force was used during the detention. “Amit Shah’s cops dragging us in police vans to police station. Bring it on BJP Bengalis — you’ll be eaten by the Bengal Tigress, Mamata Banerjee,” she wrote.Speaking to reporters, Moitra also objected to the detention of protesters, stating, “Even here, we are protesting peacefully, yet you can see how we are being picked up — every time, you see it for yourself, how they drag us away.”TMC MP Kirti Azad in a post on X wrote, “Detained at Parliament Street Police Station. No FIR has been registered so far. We have not been told the reason for the same. No senior officer is available. If this is what is happening to elected members of Parliament, we can understand what must be the plight of a common man.” Meanwhile, BJP MP Ravi Shankar Prasad defended the ED raids, drawing parallels with the fodder scam investigation involving RJD chief Lalu Prasad Yadav.Addressing a press conference Prasad said, “This raid is similar to the one during the fodder scam case against Lalu Prasad. He was later arrested, but he never stormed the CBI office as Mamata Banerjee did. What link does Mamata have with that firm?”The protest followed ED searches at multiple locations linked to I-PAC in Kolkata on Thursday, including the residence of its chief, Pratik Jain. I-PAC provides political consultancy services to the TMC and manages parts of the party’s IT and media operations.Meanwhile, the TMC on Friday moved the Calcutta High Court seeking restraint on the “misuse and dissemination” of documents and data seized during the ED searches. The party has termed the raids politically motivated and aimed at intimidating it ahead of the West Bengal Assembly elections. CM Banerjee further alleged that party documents, hard disks and sensitive data were being seized under the guise of an investigation.Questioning the role of the ED and Amit Shah, Banerjee said, “Is it the duty of the ED, Amit Shah to collect the party’s hard disk, candidate list?… The nasty, naughty Home Minister who cannot protect the country and is taking away all my party documents. What will be the result if I raid the BJP party office?”She also linked the agency action to the ongoing Special Intensive Revision (SIR) exercise in West Bengal, alleging that voter names were being deleted ahead of the polls.“On one side, they are deleting the names of all the voters by carrying out the SIR in West Bengal…Because of the elections, they are collecting all the information about my party,” she said. Banerjee further dared the BJP to fight the TMC politically if it wanted to win Bengal.

MUMBAI: In a first such order in the ongoing civic body polls in the State, Bombay High Court on Friday held as invalid an electoral Returning Officer’s order that rejected the nomination of BJP candidate Nikesh Bhojane and directed that his name be added to the accepted candidates’ list for ward 17A in Navi Mumbai. The relief to Bhojane came swiftly as the HC observed that the RO wrongly invoked a provision meant for the disqualification of sitting councillors against Bhojane.Chief Justice Shree Chandrashekhar and Justice Gautam Ankhad hence held as valid the otherwise valid nomination of Bhojane, 47, a lawyer, and directed the State Election Commission (SEC) and the electoral officer of Navi Mumbai Municipal Corporation (NMMC) to include him as a candidate for the forthcoming elections.Kishor Patkar, a Shiv Sena (Eknath Shinde) candidate for Ward 17A, filed the complaint against Bhojane’s nomination.Bhojane petitioned the court to challenge as illegal and arbitrary the rejection of his nomination form by a Returning Officer on December 31, 2025.The SEC, represented by advocate Irfan Shaikh, submitted an affidavit saying it would not be possible to add Bhojane’s name since the last date for withdrawal of candidature was until 3 pm on January 2, 2026, and the list of contesting candidates was scheduled to be published on January 3, 2026. “At present, the preparation of Electronic Voting Machines (EVMs) by affixing the ballot papers for the respective seats is in progress; therefore, it is not possible to accept the nomination of the Petitioner and permit the Petitioner to contest the General Election to the seat of Councillor from Ward no 17A of Navi Mumbai Municipal Corporation,” a deputy election commissioner said in the affidavit, adding it would not carry out the EVM preparation for Ward 17A.However, senior counsel Anil Sakhare for Shiv Sena candidate Patkar and counsel Tejesh Dande for the NMMC electoral officer noted that a stay of polls to 1 ward would mean the entire electorate would have to come again on another day scheduled later.Sakhare, who cited the top court order to complete civic body polls across Maharashtra by January 31, submitted that Bhojane’s petition be dismissed. However, senior counsel Navroz Seervai argued that the rejection order was not just illegal and invalid; it was a slur on democratic principles, especially when a disqualification clause meant for existing councillors was used to prevent a candidate who never was a councillor.The HC agreed with Seervai’s submissions and the contentions made in Bhojane’s petition, filed through advocate Nivit Srivastava.HC granted urgent interim relief to Bhojane on Thursday and posted the matter to January 9 for final disposal. Chief Justice Chandrashekhar and Justice Ankhad, in their order on Thursday, said, “We are of the prima facie opinion that there is no absolute bar (under the Constitution) to entertain a writ petition in matters like the present one, which prima facie demonstrate illegal and arbitrary exercise of powers by the Election Returning Officer.”The rejection order cited a civic notice Bhojane received on February 24, 2025, to “stop alleged unauthorised commercial use” of his house in Navi Mumbai, rendering him “disqualified” under the Maharashtra Municipal Corporation Act. The notice under the Maharashtra Regional and Town Planning Act did not specify the alleged unauthorised use, the petition said.Section 10(1D) governs disqualification for being a councillor if involved in any illegal construction or obstructing authorities. The section was also wholly inapplicable, was Bhojane’s case.The petition also had said the rejection of his nomination was on “flimsy grounds” and “is anathema to democracy”. It said, “A popular candidate who is likely to win an election is prevented from even contesting” on grounds bereft of any merit. “The election is being decided not by ballots but by illegal action under the guise of law,” the petition contended.

NEW DELHI: Two-time Olympic medallist PV Sindhu continued her encouraging return to top-level badminton, advancing to the semifinals of the Malaysia Open Super 1000 on Friday in what is her first tournament after a prolonged injury layoff.Go Beyond The Boundary with our YouTube channel. SUBSCRIBE NOW!World No. 18 Sindhu progressed after her quarterfinal opponent, Japan’s Akane Yamaguchi, retired hurt following the opening game at the Axiata Arena. Sindhu had dominated the first game 21-11 before the third-seeded Yamaguchi, a three-time world champion who was wearing a knee brace, decided she could not continue due to injury.

The result extended Sindhu’s head-to-head advantage over the world No. 3 Yamaguchi to 15-12 and underlined the Indian star’s growing confidence as she works her way back to peak fitness and form.Sindhu’s run in Kuala Lumpur has been marked by controlled aggression and composure. In the earlier rounds, she defeated world No. 33 Sung Shuo-yun of Chinese Taipei and then produced a solid performance to outplay eighth seed Tomoka Miyazaki of Japan, booking her place in the last eight of the prestigious BWF Super 1000 event. The victories have come as a significant boost for Sindhu, who has been sidelined for months due to injury and is carefully managing her return to competition.

In the semifinals, Sindhu will face the winner of the quarterfinal between China’s second seed Wang Zhiyi and Indonesia’s sixth seed Putri Kusuma Wardani, as she looks to take another step forward in her comeback journey.Elsewhere, it was a mixed day for Indian badminton. Men’s singles star Lakshya Sen bowed out of the tournament after a straight-game loss to Hong Kong’s Lee Cheuk Yiu in the pre-quarterfinals. Sen, ranked 13, went down 22-20, 21-15 in 53 minutes despite holding multiple game points in the opening game. It marked his third defeat in five encounters against the world No. 18.

Google founders Sergey Brin and Larry Page have now shifted an entity tied to them out of California, beating the deadline on a proposed wealth tax targeting the state’s richest residents. As reported by Business Insider, the fillings revealed that T-Rex LLC, formed in 2006 and long managed from Palo Alto is converted into a Delaware-based company called T-Rex Holdings on December 24, 2025. The new filling reviewed by Business Insider also lists Reno, Nevada as its principal office with Brin and Page remaining managers. This move from Brin and Page comes as California is considering a 5% one-time tax on billionaires, a ballot measure slated for November 2026. If the California wealth tax gets approved then a tax would apply retroactively to residents as of January 1, 2026. Attorney’s for wealth clines have warned Governor Gavin Newsom that the Billionaire wealth tax proposal could lead to an ‘exodus of capital and innovation’ from the state.

Google Founder Larry Page already relocated other entities

Earlier this week, a report by Business Insider revealed that Larry Page has severed ties with California by covering his family office into a Delaware entity. Along with this, Page has also incorporated other ventures in Delaware, including those funding influenza research and flying car projects. On the other hand, Brin still remains tied to various California-based entities, such as the Sergey Brin Family Foundation and Bayshore Global Management, though filings show no other exits linked to him.For those unaware, Brin and Page cofounded Google nine years ago 1998 and are among world’s wealthiest individuals. As per the Bloomberg Billionaires Index, Page is the second-richest person globally and Brin the fourth, each with net worths exceeding $250 billion.

LinkedIn founder Reid Hoffman calls California Billionaire tax a horrendous idea

Recently, LinkedIn founder Reid Hoffman joined the list people opposing the proposed California wealth tax. Hoffman has strongly opposed California’s proposed 5% wealth tax on billionaires. In a post shared on social media platform X (formerly known as Twitter), Hoffman said that the California’s Billionaire tax is ‘badly designed’ and comes with ‘massive flaws’ and there are chances that it will become ‘horrendous’ for innovation. Hoffman further revealed that Rep. Ro Khanna had reached out to discuss the proposal and Hoffman made his opposition clear. “One well‑documented example is the horrendous idea to tax illiquid stock in the proposal,” Hoffman wrote. “Poorly designed taxes incentivize avoidance, capital flight, and distortions that ultimately raise less revenue.”

No nation can progress unless small shopkeepers and traders are protected and given ease of doing business, Aam Aadmi Party national convener Arvind Kejriwal said on Thursday. Kejriwal made the remarks while addressing the maiden meeting of the Punjab State Traders Commission in Mohali, where he was accompanied by Punjab Chief Minister Bhagwant Mann. The former Delhi chief minister said that through the commission, local markets will be upgraded, and long-pending small issues of shopkeepers will be resolved. He said the purpose of the commission is to make the tax system simpler, more transparent, and trader-friendly. “Till now, in our country, traders and businessmen have been viewed with a very negative mindset. No matter which government or which party ruled, everyone treated traders as thieves,” Kejriwal said. “I pray that one day our government is formed at the Centre and we free you from GST. There is a kind of tax terrorism going on,” he said. Kejriwal termed the traders also a victim of politicians, who, he said, only remember them during elections and then, once in power, to extort money till the next election. “I come from a trading family. I understand the pain and suffering of a trader. You may remember how, as children, we used to go to the village during summer holidays. My uncle there had a grocery shop at the bus stand. During summer vacations, many times I would manage the entire shop alone for days. I understand the pain of a shopkeeper,” he said. The AAP leader said the governments always talk about big investments everywhere. “But no one ever paid attention to the small shopkeeper running a grocery store, a clothing shop, a bread shop, a tile shop, or shops in small markets.” Attacking the rival parties in Punjab, he said that after their run was over, neither the Akali Dal nor the Congress would have dared to go among the public and seek honest feedback. “After four years, they would face such abuse that I do not think the Congress government would have had the courage to pass around a microphone in a public gathering and say, speak whatever you want … If it had happened during the Akali Dal government, the microphone would not have returned,” he said.