News I read on 14th July

1) Food price inflation in June eased to a nine-month low at 7.87%, while headline retail inflation at 6.09% came surprisingly higher than the pre-coronavirus print of 5.84% for March.
Ref: Livemint 

2) Technology giant Google has announced that it plans to invest over ₹75,000 crores ($10 billion) in India over a period of 5-7 years, boosting the digital sector in the economy.
Ref: Livemint

3) The finance ministry has written to the states on additional borrowing of 2 percent of their projected GSDP in the current financial year, amid stress in revenue due to coronavirus-induced lockdown.
Ref: Business Standard

4) Gold prices rose above the key $1,800 level on Monday, underpinned by surging coronavirus cases globally and concerns that they may slow down recovering economies.
Ref: Reuters

5) Rating agency S&P Global cut its emerging market growth forecasts on Monday, predicting a 4.7% slump on average this year due to the coronavirus and warned that all countries would be left with permanent scars too.
Ref: Reuters

6) Capital markets regulator Sebi on Monday said the valuation of market-linked debentures will be carried out by an agency appointed by mutual fund industry body Association of Mutual Funds in India (Amfi).
Ref: Business Standard

7) Oil prices remained steady on Monday as the market waits for direction from an OPEC meeting later this week that is expected to recommend an increase in output.
Ref: Reuters

On Monday, NIFTY closed 34.65 Points higher at 10,802.70

VIX rose by 1.24% and closed at 25.25, the usual safe range for VIX is between 12 to 20.

SGX Nifty trading 50.05 points lower at 08:00 am, Indian Time