News I read on 13th July

1) India's industrial production contracted for the third consecutive month in May, shrinking 34.7 percent, better than fall of 57.6 percent in April as the COVID-19-induced lockdown almost froze economic activities.
Ref: Business Standard

2) Leading FMCG players are witnessing robust sales in rural and semi-urban markets, bolstering hopes of a speedy recovery with spike also seen in sales of health and wellness, hygiene and immunity-boosting products
Ref: livemint

3) The US remained India's top trading partner for the second consecutive fiscal in 2019-20, which shows increasing economic ties between the two countries.
Ref:livemint 

4) The government is looking to further ease the foreign direct investment (FDI) norms with investments being allowed in certain sectors to boost Industrial policy.
Ref: Business Standard

5) Gold exchange-traded funds saw hefty net inflows of over Rs 3,500 crore in the first six months of this year as investors continued to hedge their exposure to riskier assets amid the COVID-19 crisis.
Ref: Business Standard

6) Industry body FICCI on Sunday said its Economic Outlook Survey has projected the country's annual median GDP growth for 2020-21 at (-) 4.5 percent.
Ref: Business Standard

7) Qualcomm Inc’s investment arm will buy a 0.15% stake in Jio Platforms for 7.3 billion rupees ($97.1 million), a partnership that will help them roll out advanced 5G infrastructure and services for Indian customers
Ref: Reuters 

8) Finance ministry has received requests of close to Rs 10,000 crore under the special liquidity scheme worth Rs 30,000 crore for stressed NBFCs and HFCs.
Ref: Business Standard

9) Trading sentiment in the equity​ markets this week will be largely guided by quarterly earnings from major companies like Wipro and Infosys as well as macroeconomic data announcements.
Ref: Business Standard

On Friday, NIFTY closed 45.40 Points lower at 10,768.05

VIX rose by 0.12% and closed at 24.94, the usual safe range for VIX is between 12 to 20.

SGX Nifty trading 68.80 points higher at 08:00 am, Indian Time

By Kundan Kishore.
Please comment important news you read today. Also, in case, if you find any news difficult to understand or comprehend - please comment and ask questions over the news blog.
I will try to answer and others will also help you comprehend the news.