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Phil Salt thrashed a brilliant 87 not out off just 47 balls as defending champions England romped to an eight-wicket victory over the West Indies in their T20 World Cup Super Eight clash on Wednesday.Salt smashed seven fours and five sixes during a swashbuckling innings at the Daren Sammy National Stadium in St. Lucia while Jonny Bairstow hit an unbeaten 48 as England finished on 181-2 off 17.3 overs after earlier restricting the West Indies to 180-4.Player of the Match Salt effectively sealed victory after cutting loose in the 16th over, hammering 30 runs off West Indies bowler Romario Shepherd with an exhibition of power-hitting that included three sixes and three fours.The win marked an emphatic return to form for England, who laboured through the first round group phase and flirted with elimination at one stage."We're not looking too far ahead, just glad to contribute to the win," Salt said after his match-winning knock. The England opener praised the contribution of Bairstow, who kept the runs flowing and took the pressure off Salt at the other end."There are a lot of different factors that can affect an innings," Salt said. "There was a period where I did not face a lot of balls, but important to stick around and carry on. "Jonny was fantastic, and took pressure off me by taking calculated risks. I couldn't be happier as a team-mate."England's other runs came from 25 from skipper Jos Buttler while Moeen Ali added a brisk 13.- Credit to Salt -West Indies skipper Rovman Powell lamented his team's bowling performance."We needed a better display as a bowling group," he said. "We are generally good in the last five overs. The execution wasn't good. Credit to Salt, he always hurts us."Earlier, a disciplined English bowling performance had held the West Indies to a relatively modest total of 180 in the Group 2 clash of two-time T20 champions.After England won the toss and opted to bowl, the West Indies made a smooth start with openers Charles and Brandon King in control.Even after King retired hurt for 23 in the fifth over, the runs continued to flow, with Johnson Charles forming a handy partnership with Nicholas Pooran.The West Indies reached the halfway stage of the innings at 82-0 and looked poised to put up a commanding total.But England spinner Moeen Ali finally made the breakthrough after Charles was caught in the deep by Harry Brook for 38 off 34 balls in the 12th over.West Indies captain Powell threatened to cut loose after blasting five sixes in a quickfire 36 off just 17 deliveries.But after bludgeoning Liam Livingstone for three sixes in the 15th over, the English bowler got his revenge with the final delivery, tempting Powell into a top edge which was snagged by Mark Wood at short third man.That left the score at 137-2, and Pooran fell soon afterwards, caught behind by skipper Jos Buttler off Jofra Archer to leave the Windies wobbling on 141-3.Andre Russell fell for one off Adil Rashid to make it 143-4, before an unbeaten 28 from Sherfane Rutherford gave the West Indies a more competitive total.

The Indian market is likely to consolidate on Thursday, tracking muted global cues.The Nifty future closed negative with losses of 0.30% at 23497 levels on Wednesday. The India VIX was up by 5.79% from 12.96 to 13.71 levels.On the options front, the weekly maximum Call OI is placed at 24000 and then towards 23600 strikes, while the maximum Put OI is placed at 23000 and then towards 23300 strikes.Call writing is seen at 23600 and then towards 23700 strikes, while Put writing is seen at 23200 and then towards 23300 strikes.“Options data suggests a broader trading range in between 23200 to 24000 zones, while an immediate range between 23400 to 23700 levels,” says Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited.Both FIIs and DIIs were net buyers on Wednesday to the tune of 7908.36 crore and 7107.8 crore, respectively in the cash segment of Indian equity markets.FIIs' Long short ratio for index futures is at 54.12 as on a net basis, they bought 56911 index futures, data showed.“The support zone has shifted higher in 23,440-23,400 zones. As long as it is trading above 23400 level, it is likely to test the level of 23,730, followed by 24,000 in the short term,” says Sudeep Shah, Deputy Vice President and head of Technical and Derivative Research, SBI Securities.“While, on the downside, any sustainable move below the level of 23400 will lead to profit booking in the index up to the level of 23320, followed by the 23,250 level,” he said.We have collated a list of stocks from the F&O basket along with cash market from various experts for traders who have a short-term trading horizon:Expert: Rajesh Palviya, VP-Technical & Derivative Research, Axis Securities told ETBureauTriveni Engineering: Buy | Target: Rs 465 | Stop Loss: Rs 400Chambal Fertilizers: Buy | Target: Rs 520 | Stop Loss: Rs 448HDFC Bank: Buy | Target: Rs 1,790 | Stop Loss: Rs 1613F&O StrategyKotak Bank Future (27 June Expiry): Buy | Target Rs 1,830 | Stop Loss: Rs 1,710Deepak Nitrite Future (27 June Expiry): Buy | Target: Rs 2650 | Stop Loss: Rs 2,430Expert: Kunal Bothra, Market Expert told ETNowAxis Bank: Buy | Target: Rs 1,260 | Stop Loss: Rs 1,200Balrampur Chini Mills: Buy | Target: Rs 460 | Stop Loss: Rs 429Rattanindia Enterprises: Buy | Target: Rs 86 | Stop Loss: Rs 77Expert: Nooresh Merani, an independent technical analyst told ETNowIndusInd Bank: Buy | Target: Rs 1,650 | Stop Loss: Rs 1,500IDFC First Bank: Buy | Target: Rs 90 | Stop Loss: Rs 79Minda Corp: Buy | Target: Rs 550 | Stop Loss: Rs 450(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times)

Mumbai: Indian stock markets hit a milestone on Wednesday, executing block deals worth nearly ₹23,000 crore, the highest in a single day, largely on account of Vodafone Group's sale of a stake in Indus Towers. In all, five major block deals were transacted, reflecting growing confidence among promoters, private equity funds and large institutional investors. The surge in block deal activity highlights robust demand from both domestic and foreign institutions seeking to execute large transactions through this avenue.The previous record for single-day block deals was ₹17,854 crore on March 13, when British American Tobacco Plc (BAT) divested a 3.5% stake in ITC through the open-market transaction. That was worth ₹17,485 crore, one of the biggest block deals in Indian capital market history.Earlier, on January 19, block deals worth ₹10,500 crore were executed. Tata Group holding company Tata Sons sold 23.4 million shares in India's largest software services exporter Tata Consultancy Services for about ₹9,300 crore on the day.Experts noted that transactions on the stock market platform are more tax-efficient than off-market deals. "Trading on the stock exchange platform benefits from a lower capital gains tax rate compared to off-market trades," said Ketan Dalal, MD of Katalyst Advisors. "Off-market sales may occur if the negotiated price is higher than the prevailing stock exchange price, which typically happens in strategic sales. However, such sales attract a higher tax rate."The ability of large investors, such as private equity funds, to make significant exits underscores the attractiveness of the Indian capital markets, said bankers."The ease of executing large block deals highlights the depth and liquidity of the Indian markets," said S Ramesh, MD and CEO, Kotak Investment Banking.111125719 'Reflect Depth in Indian Markets' "This has also boosted confidence among global private equity players and multinational companies for investing and facilitating easier exits, which were very challenging just a couple of years ago," Ramesh said.On Wednesday, UK's Vodafone Group Plc sold an 18% stake in Indus Towers for ₹15,300 crore through block deals. The Germany-based ZF Group sold a 7.5% stake in its Indian unit, ZF Commercial Vehicle Systems, for ₹2,194 crore. Shanghai-based Fosun Pharmaceutical Group sold a 5% stake in Gland Pharma to raise ₹1,754 crore. Similarly, Client Ebene and CVCIGP II Employee Ebene sold 6.25 million shares worth ₹750 crore in the car component producer Sansera Engineering.Domestic institutional investors (DIIs) have purchased shares worth ₹2.22 lakh crore so far this year, while foreign portfolio investors (FPIs) have sold shares worth ₹57,000 crore. FPIs and DIIs are showing considerable interest in using the block deal window, said bankers."With election uncertainty out of the way, robust domestic mutual fund inflows and participation by FPIs have led to frenzied activity around block trades," said Jibi Jacob, head of India ECM, Jefferies. "However, if one looks at it more holistically, as our GDP grows, the capital market depth is also bound to grow through large IPOs and an increase in free floats through block trades and primary follow-on offerings."Large block trades reflect depth in the Indian markets and help increase the free float, said Pratik Gupta, CEO and co-head of Kotak Institutional Equities.