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Home Uncategorised Morning News Call - India, July 17 - Reuters India

Morning News Call – India, July 17 – Reuters India


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    FACTORS TO WATCH
    11: 00 am: RBI Government Director M. Rajeshwar Rao and IBA Chairman Sunil
Mehta at ASSOCHAM’s webinar.
5: 00 pm: NITI Aayog Senior Advisor Anna Roy at FICCI’s “World Adolescence
Entrepreneurship & Business Join.”
5: 00 pm: RBI to launch weekly worldwide alternate information in Mumbai.   
    
    
    INDIA TOP NEWS
    • Reliance's stake sale talks with Aramco stall over cost, sources comment
Talks over the sale of a 20% stake in Reliance Industries' oil-to-chemical
alternate to Saudi Aramco relish stalled over cost, 4 sources conscious of the
subject talked about.
• India coronavirus circumstances close to 1,000,000, pushed by surge in rural areas
The sequence of coronavirus circumstances in India neared 1,000,000 on Thursday as
an an infection numbers rose within the geographical area, pushing authorities to reinstate
lockdowns proper through a number of states.
• India says must have a examine troop disengagement with China
India and China are making progress on ending a months-prolonged militia faceoff at
their disputed Himalayan border however it certainly is an advanced course of and wishes
verification on the bottom, the Indian navy talked about on Thursday.
• India, U.S. talk about danger of free alternate pact - India alternate minister
India and america on Thursday talked about the "risk" of a free
alternate pact, India's Commerce and Business Ministry talked about in a assertion.

• Amazon India requires product listings relish nation of basis by Aug 10
Amazon.com's India unit has urged sellers they must current nation of basis
recordsdata on product listings by August 10, in response to an e mail despatched by the
e-commerce huge to sellers, in opposition to a backdrop of brewing anti-China sentiment.

• Alibaba's UCWeb lays off India staff, Membership Manufacturing facility halts funds after app
ban
Alibaba's subsidiary UC Internet is slashing staff in India after a ban on 59
Chinese language-basis cell apps that capabilities UC Internet's browser and two different
merchandise, in response to staff and a agency letter seen by Reuters.
• Voice-tear Air India working to bear costs
Voice-tear airline Air India talked about on Thursday it was once working to bear costs by
decreasing debt, aircraft lease leases, as efficiently as staffing and dealing
prices.
• India's electrical energy output recovers sooner in first half of July
India's electrical energy know-how in the course of the principle half of July fell at a slower
tempo than in June, provisional govt information confirmed, as industries and
industrial establishments steadily unfolded with the easing of coronavirus
lockdowns.
    
    
    GLOBAL TOP NEWS
    • U.S. targets all Chinese language Communist Event members for doubtless hotfoot backwards and forwards ban
-provide
The Trump administration is pondering banning hotfoot backwards and forwards to america by
all members of the Chinese language Communist Event and their households, a specific individual acquainted
with the subject talked about on Thursday, a change which will perchance properly properly irritate already traumatic
U.S.-China kin.
• U.S. shatters coronavirus sing with over 77,000 circumstances in a day
The US shattered its daily sing for coronavirus infections on
Thursday, reporting greater than 77,000 new circumstances because the sequence of deaths in a
24-hour length rose by practically 1,000, in response to a Reuters tally.
• Twitter stepped up search to fill excessive security job prior to hack
Twitter had stepped up its gape a significant recordsdata security officer in
newest weeks, two of us conscious of the hassle urged Reuters, prior to the
breach of extreme-profile accounts on Wednesday raised alarms regarding the platform's
security.
   
    
    LOCAL MARKETS OUTLOOK
    (As reported by NewsRise)
    • SGX Nifty nearest-month futures had been 0.8% greater at 10,781.50.
• The Indian rupee is anticipated to alternate little modified in opposition to the greenback as
market folks focal point on blended U.S. information and coronavirus an an infection traits.
• India bond yields are inclined to edge greater in early alternate, prior to a weekly
debt public sale these days. The yield on the benchmark 5.79% bond maturing in 2030 is
seemingly to alternate in a sort of 5.80%-5.85%.
    
    
    GLOBAL MARKETS
    • The S&P 500 dropped on Thursday, pulled decrease by Microsoft and Apple, as
elevated ranges of unemployment claims heightened issues regarding the monetary
toll from rising coronavirus circumstances.
    • Asian shares eked out beneficial properties and U.S. inventory futures bounced attend as hopes
of extra govt spending across the globe suppressed issues about rising
coronavirus and worsening tensions between Washington and Beijing.
    • The greenback held onto beneficial properties in opposition to most currencies as worries {that a}
resurgence within the coronavirus is beginning as much as curb monetary comment drew
catch-haven flows into the U.S. foreign exchange.
    • U.S. Treasury yields fell on Thursday because the fast unfold of coronavirus
circumstances proper through some American states weighed on danger sentiment, while information confirmed
U.S. monetary improvement.
    • Oil costs had been unchanged with shopping for and promoting marked by rising uncertainty about
international restoration in gasoline demand as new COVID-19 circumstances surge in a number of worldwide places
true as main producers catch location to loosen manufacturing curbs.
    • Gold steadied close to the $1,800 degree after a transferring tumble within the outdated
session, as worries over surging coronavirus circumstances and U.S.-China tensions
underpinned its catch-haven attract, regardless that a stronger greenback capped
beneficial properties.
      
                   CLOSE        FII INVESTMENTS  EQUITIES         DEBT
 PNDF house         75.14/75.17  July 16          (34.97) crores   (581.52) crores
 10-year bond yield  5.81%        Month-to-date    (4,855) crores   806 crores
                                Yr-to-date     (23,368) crores  (1,06,153) crores
 (FII funding numbers are in Indian rupees. Present: Nationwide Securities
Depository Diminutive)
    
    
    For added information:
    India govt bond market volumes                 
    Inventory market experiences                
    Non-deliverable forwards information              
    Company debt tales               [IN CORPD]
    Native market closing/intraday ranges [IN SNAPSHOT]
    Month-to-month inflows                      [INFLOWS RTRS TABLE IN]
    
    ($1=75.17 Indian rupees)
    

 (Compiled by Siddharth Athreya V in Bengaluru)
 

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