News I read on 19th June

1) The government of India has decided to launch a massive rural public works scheme 'Garib Kalyan Rojgar Abhiyaan' to empower and provide livelihood opportunities to the returnee migrant workers and rural citizens."
Ref: Yahoo Finance

2) Reliance Industries Ltd on Thursday said it has sold a 2.32 percent stake in its digital unit to Saudi Arabia's Public Investment Fund (PIF) for Rs 11,367 crore.
Ref: Reuters

3) The Securities and Exchange Board of India (SEBI) on Thursday said the measures aimed at containing the wild swings in stock prices would continue till July 30. This is the third time SEBI has extended the curbs.
Ref: Business Standard

4) India’s foreign exchange reserves have crossed $500 billion, and RBI in the recent past has been one of the top gold-buying central banks in the world.
Ref: Business Standard

5) Fitch Ratings revised its outlook on India's sovereign ratings on Thursday to ‘Negative’ from ‘Stable’, Fitch retained its rating at ‘BBB-‘, the lowest investment grade. This comes just weeks after Moody’s cut its rating for India.
Ref: Livemint

6) The Reserve Bank of India’s (RBI’s) draft guidelines on housing finance companies (HFCs), is welcome, say experts, as it brings clarity in terms of the structure of non-banking housing lenders.
Ref: Business Standard

7) Failure to work towards an international deal on taxing big digital companies could trigger a dangerous trade war, the OECD said on Thursday. A trade war, especially at this point in time would hurt the economy, jobs, and confidence even further," he added.
Ref: Moneycontrol

8) The price of petrol and diesel went up for the twelfth consecutive day on Thursday, raising the total cost by Rs 6.55 liter for petrol and Rs 7.04 liter for diesel.
Ref: Yahoo Finance

9) A sharp rally in banking shares helped the benchmark indices log their biggest single-day gain in nearly three weeks.
Ref: Business Standard

10) On Thursday, NIFTY closed 210.50 Points higher at 10,091.65

VIX was down by 5.73% and closed at 31.45, the usual safe range for VIX is 12 to 20.

SGX Nifty trading 43.40 points lower at 8:00 am, Indian Time.