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Home Uncategorised Morning News Call - India, August 4 - Reuters India

Morning News Call – India, August 4 – Reuters India


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    FACTORS TO WATCH
    10: 00 am: Punjab Nationwide Financial institution annual total meeting by the train of video convention.
    4: 00 pm: Well being ministry to fast on COVID-19 disadvantage in India in Current
Delhi.


    INDIA TOP NEWS
    • With watch on China, India seems to be prefer to be prefer to increase obstacles on imports from Asia
    Current Delhi is pondering measures to stop commerce companions primarily in
Southeast Asia from re-routing Chinese language language items to India with tiny added tag,
two authorities sources said, amid strained ties with Beijing and a push for
self-reliance.
    • India's manufacturing facility exercise reduced in size at a sharper tempo in July
    India's manufacturing facility paddle deepened in July as renewed lockdown measures to
salvage surging coronavirus instances weighed on quiz and output, elevating the
potentialities of a sharper financial contraction, a non-public trade spy confirmed on
Monday.
    • Wockhardt strikes deal to supply COVID-19 vaccines to UK
    Indian drugmaker Wockhardt will provide hundreds of thousands of doses of additional than one
COVID-19 vaccines, together with that being developed by AstraZeneca and Oxford
School, beneath a care for the UK authorities introduced on Monday.
    
    • India's gasoline quiz loses steam, slips in July M/M after 2 months of good points
- information
    India's refined gasoline consumption in July slipped from June, in accordance to
preliminary commerce information, indicating slower industrial exercise as extreme retail
costs, floods and renewed coronavirus lockdowns in parts of the nation dented
quiz.
    • RBI extra seemingly to scale back costs no matter inflation threat
    India's worsening financial outlook as coronavirus instances hover has raised the
chance the Reserve Financial institution of India (RBI) will cut back pastime costs at its protection
overview on Thursday, despite inflationary pressures.
    • India's electrical energy era falls at slower cost in July
    India's electrical energy era declined at a slower tempo in July in contrast
with June, provisional authorities information confirmed, pushed by a restoration in
consumption in populous northern and central states.
    
    
    GLOBAL TOP NEWS
    • Trump: U.S. may also peaceable procure 'large half' of TikTok operations sale
tag
    U.S. President Donald Trump said Monday the U.S. authorities may also peaceable procure a
"giant half" of the gross sales tag of the U.S. operations of normal
fast-video app TikTok and warned he'll ban the supplier within the US
on Sept. 15 with out a sale. 
    • Congressional Democrats, White Dwelling cite improvement in talks on coronavirus
bill
    The dwell Democrats within the U.S. Congress and White Dwelling negotiators on Monday
said they'd made improvement in talks on a model distinctive coronavirus aid bill, although
the administration said President Donald Trump may also act on my own if no deal is
reached.
    • Australian retailers undergo worst quarter in 2 a long time, exports shine
    Australia's retailers are going via a consumption drought because the nation's
second best suppose locks appropriate all the way down to combat the coronavirus and as information confirmed
gross sales volumes suffered their best tumble in twenty years within the second
quarter.
    
    
    LOCAL MARKETS OUTLOOK
    (As reported by NewsRise)
    • SGX Nifty nearest-month futures had been shopping for and promoting 0.4% higher at 10,954.00.
    • The Indian rupee is predicted to commerce lower in opposition to the U.S. forex
monitoring buck’s power on the non-deliverable forwards and on forex
futures.
    • Indian authorities bond yields will seemingly commerce largely unchanged in early
session earlier than a novel provide of suppose debt, whereas market individuals anticipate
the cost-setting panel’s pastime cost dedication later this week for extra
cues. The yield on the benchmark 5.79% bond maturing in 2030 is extra seemingly to commerce
in a amount of 5.82%-5.87%.
    
    
    GLOBAL MARKETS
    • The Nasdaq surged to a file extreme shut on Monday as a rebound in
multibillion-buck affords, together with Microsoft's pursuit of TikTok's U.S.
operations, lifted sentiment, and efforts to hammer out a coronavirus aid
bill resumed.
    • Asian shares rose after powerful U.S. manufacturing information and good points in tech
shares helped traders peek previous broader worries concerning the coronavirus and
world financial system.
    • A nascent rebound within the buck paused, as traders weighed blended nonetheless
encouraging financial information in opposition to unhurried improvement in course of a U.S. authorities
spending tools and another week of rising coronavirus deaths.
    • The Treasury yield curve steepened on Monday, an illustration of improved
investor sentiment, after an Institute for Present Administration (ISM) account confirmed
that U.S. manufacturing exercise rose to a 1-1/2 One 12 months extreme in July.
    • Oil costs fell in early commerce on issues about gasoline quiz progress as a
distinctive wave of COVID-19 infections across the area sparks tighter lockdowns proper
as main producers ramp up output.
    • Gold costs edged lower because the buck bolstered and threat urge for food
improved after distinct U.S. financial information, whereas fears over surging coronavirus
instances restricted losses for the precise-haven metallic.    
    
                   CLOSE        FII INVESTMENTS  EQUITIES         DEBT
 PNDF suppose         74.99/75.02  August 3         (915.37) crores  619.63 crores
 10-yr bond yield  5.84%        Month-to-date    (915) crores     620 crores
                                One 12 months-to-date     (11,865) crores  (1,08,815) crores
    
    (FII funding numbers are in Indian rupees. Provide: Nationwide Securities
Depository Restricted)

    
    For added information:
    India govt bond market volumes                 
    Stock market reviews                
    Non-deliverable forwards information              
    Firm debt tales               [IN CORPD]
    Native market closing/intraday ranges [IN SNAPSHOT]
    Month-to-month inflows                      [INFLOWS RTRS TABLE IN]    
 
    
    ($1=75.18 Indian rupees)
    
    

 (Compiled by Samrhitha Arunasalam in Bengaluru)
 

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