Kolkata will host next five editions of Durand Cup

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Kolkata, Sep 2 | Kolkata will host the Durand Cup — the oldest club football tournament in Asia — for the next five editions until 2025.

Lt. General Kamal Repswal (Chief of Staff, HQ Eastern Command, SM, VSM) made the announcement confirming the City of Joy as venue while addressing the media at Fort William during the unveiling of the iconic Durand Cup trophies in the presence of Aroop Biswas, Minister for Sports & Youth Affairs, Power in the Government of West Bengal.

Biswas informed that there will be minimal attendance in the stands at the beginning of the 130th Durand Cup, owing to the Covid-19 pandemic.

“The WB Govt. has allowed 50% capacity inside stadiums but the Durand Cup tournament committee, in light of the pandemic, has decided to allow minimal attendance and then gradually towards the end of the tournament, if everything goes well, we will allow 50% attendance in compliance with government norms during the latter stages,” he said.

“The 129th edition of the Durand Cup was held in Kolkata in 2019. The kind of response the tournament got in Kolkata was immense, with tremendous amount of support from the state government. I must mention it because of every department of the state govt. went out of their way to ensure the tournament becomes a success.

“You will all be very happy to know that for the next five years, Durand Cup will be conducted in Kolkata,” said General Repswal.

Only behind the English FA Cup and Scottish Cup (starting in 1871 and 1874 respectively) in terms of inception, the first-ever Durand Cup took place in 1888 — making it the oldest-running club football tournament in the world, and the oldest-running football tournament in Asia.

In the previous 129th edition, held for the first time in the city, Gokulam Kerala emerged champions, beating Mohun Bagan 2-1 in front of a packed stadium, to bag their first silverware in club history. They are back to defend that title.

A total of 16 teams are vying for the 130th Durand Cup and besides the defending champions, ISL franchise Kerala Blasters are also in the fray. The ISL is well represented with Bengaluru FC, FC Goa, Jamshedpur FC and Hyderabad FC joining the Blasters.

The century-old Mohammedan Sporting, the tournament’s first Indian winner will represent the local challenge along with another I-Leaguer team, Sudeva FC of Delhi.

A second team from Delhi and Bengaluru, Delhi FC and Bengaluru United bring up the second division challenge while the Army also has two teams in the form of Army Green and Army Red.

The Indian Air Force, The Indian Navy, The Assam Rifles and CRPF are the other four teams in the tournament to be played from September 5-October 3.

Source: IANS

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Weekly Technical Share Market Outlook

Weekly Technical Share Market Outlook

The Indian market recovered sharply on the last trading day amid the weekend after a continuous fall. Market has managed to halt above 16000 Nifty levels after continuous losing streak. Index reacted violently, grasping Indian as well as global factors throughout the week. Simultaneously, Inflation is catching up and profit margins are taking a hit.

 

Sensex advanced 1532 points or 2.90 percent while Nifty gained 484 points or 3.07 percent in a week. Simultaneously, Bank nifty has overcome bear’s dominance ending the session with 3.49 percent gain. Sectorally,Nifty Metal saw the highest gains of 7.40 percent followed by the Realty and Auto added over 4% gain. On the flip side Nifty IT tumbled 2.82 percent on weekly basis. Midcap and Small Cap measures rising nearly 2 percent as well.

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Momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone. However, Index is still struggling to get the support of 50 Simple Moving Average in daily chart. Short term investors and traders are advised to work with option strategies to neutralize the volatility. Overall, Nifty is having support at 15700 mark while on the upside 16700 followed by 16500 may act as an immediate resistance. While Bank nifty has support around 32500 while resistance is placed at 36000 on weekly chart.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

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