Ruturaj Gaikwad of Chennai Super Kings with the trophy during the final of the Vivo Indian Premier League 2021 between the Chennai Super Kings and the Kolkata Knight Riders held at the Dubai International Stadium in the United Arab Emirates on the 15th October 2021 Photo by Ron Gaunt / Sportzpics for IPL
Ruturaj Gaikwad of Chennai Super Kings with the trophy during the final of the Vivo Indian Premier League 2021 between the Chennai Super Kings and the Kolkata Knight Riders held at the Dubai International Stadium in the United Arab Emirates on the 15th October 2021 Photo by Ron Gaunt / Sportzpics for IPL
Ruturaj Gaikwad of Chennai Super Kings with the trophy during the final of the Vivo Indian Premier League 2021 between the Chennai Super Kings and the Kolkata Knight Riders held at the Dubai International Stadium in the United Arab Emirates on the 15th October 2021 Photo by Ron Gaunt / Sportzpics for IPL
Ruturaj Gaikwad of Chennai Super Kings with the trophy during the final of the Vivo Indian Premier League 2021 between the Chennai Super Kings and the Kolkata Knight Riders held at the Dubai Internati

IPL 2021: Ruturaj Gaikwad an ‘absolute superstar’, says Chennai coach Stephen Fleming


Paul Radley
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Stephen Fleming says India have an “absolute superstar” in their midst after the emergence of Ruturaj Gaikwad in Chennai Super Kings’ Indian Premier League title win.

Gaikwad finished the disrupted season as the leading run-scorer, after Chennai had lifted the trophy for the fourth time following their win over Kolkata Knight Riders in Dubai on Friday night.

His success this campaign marked a stark contrast to what went on the previous season in the UAE.

Back in 2020, Chennai’s preparations were undermined by an outbreak of Covid within their tour party in Dubai.

Gaikwad was worst affected. His recovery from the virus was lengthy, and when he did eventually return to the playing field, his returns were poor. Chennai, too, limped out of the competition without making the playoffs for the first time in their history.

This season, though, has been a triumph for Gaikwad. He scored 635 runs in all, and his coach, Fleming, said the 24-year-old opener’s form had been a key reason for the title win.

“He is an absolute superstar already in my eyes,” Fleming said.

“If you look back to when we introduced him last year, people were a little bit critical. He had such high tabs and expectations on him.

“What we didn’t understand was the effect Covid would have. We really felt for him last year, and are really delighted he finished off the season so well.

“He is a wonderful kid, and I think he is an absolute superstar. In terms of his craft this year, he mastered opening the batting.

“With him and Faf [du Plessis] scoring so many runs, that is one of the reasons we won the IPL. I couldn’t be more happy for him.

“He is a wonderful guy. For a young player, his maturity is beyond his years. I can’t speak any more highly of Ruturaj.”

Fleming was not alone in being a Kiwi coach lavishing praise on an Indian opener for a breakout year in the IPL.

Chennai Super Kings win IPL

Fleming’s former New Zealand teammate Brendon McCullum was the vanquished coach in the other dugout at the Dubai International Stadium.

The Kolkata coach expressed similar sentiments about Venkatesh Iyer. The left-handed opener struck his fourth half-century since the resumption of the IPL in the UAE, in the final.

When he went, so did Kolkata’s hopes of chasing the 193 they needed to win.

Iyer had not played before the league was suspended because of the surge in Covid cases in India back in May. At that point, Kolkata were second last in the table, having won just two games from seven.

Fuelled by Iyer’s form at the top of the order, they made a run all the way to the final, only to fall 27 runs short against four-time champions Chennai.

“Venkatesh Iyer has been a quite incredible story,” McCullum said.

“Looking back, he was actually going to play the next game when we were in India. In a funny way, the break came at a good time there.

“It gave him the opportunity to get another couple of months under his belt to understand his opportunities weren’t too far away.

“It was just a matter of him bringing the game he owns – the Venkatesh Iyer gameplan – to the table.

“He is a tall man, a big presence, and he plays the game with a cavalier streak. It is so important he holds on to that, because he will be challenged to change his methods at times, too, because he might not be the most consistent because of his flamboyancy.

“I hope he remains the Venkatesh Iyer we have seen so far. He has a ginormous future in this game.”

Four reasons global stock markets are falling right now

There are many factors worrying investors right now and triggering a rush out of stock markets. Here are four of the biggest:

1. Rising US interest rates

The US Federal Reserve has increased interest rates three times this year in a bid to prevent its buoyant economy from overheating. They now stand at between 2 and 2.25 per cent and markets are pencilling in three more rises next year.

Kim Catechis, manager of the Legg Mason Martin Currie Global Emerging Markets Fund, says US inflation is rising and the Fed will continue to raise rates in 2019. “With inflationary pressures growing, an increasing number of corporates are guiding profitability expectations downwards for 2018 and 2019, citing the negative impact of rising costs.”

At the same time as rates are rising, central bankers in the US and Europe have been ending quantitative easing, bringing the era of cheap money to an end.

2. Stronger dollar

High US rates have driven up the value of the dollar and bond yields, and this is putting pressure on emerging market countries that took advantage of low interest rates to run up trillions in dollar-denominated debt. They have also suffered capital outflows as international investors have switched to the US, driving markets lower. Omar Negyal, portfolio manager of the JP Morgan Global Emerging Markets Income Trust, says this looks like a buying opportunity. “Despite short-term volatility we remain positive about long-term prospects and profitability for emerging markets.” 

3. Global trade war

Ritu Vohora, investment director at fund manager M&G, says markets fear that US President Donald Trump’s spat with China will escalate into a full-blown global trade war, with both sides suffering. “The US economy is robust enough to absorb higher input costs now, but this may not be the case as tariffs escalate. However, with a host of factors hitting investor sentiment, this is becoming a stock picker’s market.”

4. Eurozone uncertainty

Europe faces two challenges right now in the shape of Brexit and the new populist government in eurozone member Italy.

Chris Beauchamp, chief market analyst at IG, which has offices in Dubai, says the stand-off between between Rome and Brussels threatens to become much more serious. "As with Brexit, neither side appears willing to step back from the edge, threatening more trouble down the line.”

The European economy may also be slowing, Mr Beauchamp warns. “A four-year low in eurozone manufacturing confidence highlights the fact that producers see a bumpy road ahead, with US-EU trade talks remaining a major question-mark for exporters.”

Updated: October 16, 2021, 7:23 AM