News I read on 3rd July

1) India’s June gold imports dropped to $608.8 million from $2.7 billion a year ago. Indian imported around 11 tonnes of gold in June, down from 77.7 tonnes a year ago.
Ref: Moneycontrol 

2) Indian IT services firms are likely to report 5-9 percent contraction in revenues for the June quarter, According to industry analysts.
Ref: Business Standard

3) PE-VC fundraising in the June quarter plunged to $171 million, a 94 percent decline compared with the $2.75 billion raised during the same period last year.
Ref: Business Standard 

4) Indian corporates raised over ₹2 trillion through the issuance of rupee bonds in the first quarter of FY21.
Ref: Livemint

5) The Indian unit on Thursday, closed at 75.01 a dollar, a level last seen on 27 March, up from its previous close of 75.60. It had opened at 75.50 and touched an intra-day high of 74.98 and a low of 75.53. Year to date, the currency has shed 4.84%.
Ref: Livemint

6) Bank credit and deposits grew 6.18 percent and 11 percent to Rs 102.45 lakh crore and Rs 138.67 lakh crore, respectively, in the fortnight ended June 19, according to the RBI.
Ref: Moneycontrol 

7) The RBI has asked banks, financial institutions, and NBFCs to reclassify micro, small and medium enterprises on the basis of the new criteria.
Ref: Moneycontrol

8) The non-banking financial institutions will continue to face elevated liquidity and asset quality risks in the near term even as the economic activity picks up with the easing of lockdown restrictions, Fitch Ratings said on Thursday.
Ref: Moneycontrol

9) Crude prices fell on Friday as the resurgence of the coronavirus globally and in the United States, the world's largest oil consumer dimmed the prospects of fuel demand recovery.
Ref: Yahoo Finance

10) Opposing the Centre's move to open the coal sector to private players, Coal India unions on Thursday began their three-day strike. On the first day, the production of coal has come to a standstill with a loss of about 2 million tonnes (MT) of output.
Ref: Yahoo Finance

On Thursday, NIFTY closed 121.65 points higher at 10,551.70.

VIX down by 5.76% and closed at 26.50, the usual safe range for VIX is 12 to 20.

SGX Nifty trading 43.60 points higher at 7:45 am, Indian Time.