News I read on 10th July

1) India’s consumer price inflation likely eased in June from March, as loosened coronavirus-led restrictions drove a slight recovery in economic activity and helped reduce a supply crunch.
Ref: Reuters

2) The coronavirus crisis will cost banks across the world a combined $2.1 trillion in losses on loans by the end of next year, credit rating agency S&P Global estimated.
Ref: Business Standard

3) The central government is running out of options to fund its Budget and may soon have to knock on the central bank’s door once again for the support.
Ref: Business Standard

5) Prime Minister Narendra Modi rolled out a red carpet for foreign investors in India, reiterating his government’s ability to carry out deep structural reforms.
Ref: Livemint

6) U.S. stock indexes dropped as fears of another lockdown to contain a surge in coronavirus cases overshadowed data pointing to a declining trend in weekly jobless claims.
Ref: Reuters

7) Oil prices fell about 3% on Thursday as investors worried that renewed lockdowns to contain the spread of coronavirus in the United States would again sink fuel consumption.
Ref: Reuters

8) TCS becomes first large-cap company to announce its financial performance for Q1, profit slips 13.8% YoY to Rs 7,008 cr, wins deals worth $6.9 bn.
Ref: Business Standard

9) Centre plans to disburse Rs 10,000 crore worth of loans at concessional rates to cooperative societies, farmer-producer organisations (FPOs) under its ambitious Rs 1-trillion fund to create storage and processing infrastructure.
Ref: Business Standard

On Thursday, NIFTY closed 107.70 Points higher at 10,813.45

VIX got lowered by 4.55% and closed at 24.91, the usual safe range for VIX is between 12 to 20.

SGX Nifty trading 48.35 points lower at 08:00 am, Indian Time