News, I read on 6th July

1) As per the report, in the SME market, there were four IPOs verses 14 and 11 in Q2 2019 and Q1 2020, respectively. All the IPOs were in the Small and Medium Enterprises (SMEs) segment and the median deal size was $0.38 million.
Ref: Business Standard

2) The finance ministry may assess the capital requirement of public sector banks after the September quarter as there would be greater clarity about a spike in bad loans by that time.
Ref: Moneycontrol

3) According to IT industry insiders, at least 10,000 software professionals in the country might have already lost their jobs in the April-June quarter, while more are expected to lose their jobs in the coming quarters.
Ref: Business Standard

4) Gold prices on Monday jumped to Rs 48,320 from Rs 48, 310 per 10 gram, while silver climbed to Rs 48,510 from Rs 48,600 per kilogram, according to Good Returns website.
Ref: Moneycontrol

5) Overall, mutual funds (MFs) have made a net investment of Rs 39,478 crore in stocks during January-June 2020, much higher than the Rs 8,735 crore invested in the first six months of 2019, latest data available with the Securities and Exchange Board of India (Sebi) showed.
Ref: Business Standard

6) Over two dozen non-resident tech companies would come under the purview of the equalization levy which was introduced in Budget 2020-21 and has come into effect from April 1, 2020. Its first installment is due on July 7.
Ref: Moneycontrol

7) Foreign portfolio investors (FPIs) have pulled out Rs 3,741 crore from the Indian markets in just three trading sessions of July, which market analysts attributed to profit booking and appreciation in the rupee over the last few weeks.
Ref: Business Standard

8) Promoters of stressed companies will get more flexibility in attracting investors and the process of determining the right price for assets would get easier following a new set of amendments introduced by capital market regulator Sebi on 22^nd June.
Ref: Business Standard

9) Amid rising number of coronavirus cases, the tax department may have to come out with more measures and further extend the timelines to help the taxpayers comply with the statutory norms, according to experts.
Ref: Yahoo Finance

On Friday, NIFTY closed 55.65 points higher at 10,607.35.

VIX down by 0.04% and closed at 25.79, the usual safe range for VIX is 12 to 20.

SGX Nifty trading 116.50 points higher at 8:30 am, Indian Time.