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Home NEWS India News Morning News Call - India, August 24 - Reuters India

India News Morning News Call – India, August 24 – Reuters India

India News Morning News Call – India, August 24 – Reuters IndiaIndia News

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    FACTORS TO WATCH
    10:15 am: Punjab National Bank Managing Director & Chief Executive S.S.
Mallikarjuna Rao at put up earnings net convention, in Mumbai.

    
    PROMOTION
    LIVECHAT - REUTERS GLOBAL MARKETS FORUM
    Wayne Cole, Reuters Chief Treasury Correspondent in Sydney, joins us to
focus on the themes to look at for markets within the week forward. To be part of the
dialog, click on on the hyperlink: refini.tv/2P8N0Wp
    
    
    INDIA TOP NEWS
    • India reported a document every day leap of coronavirus infections on Saturday,
bringing the whole close to 3 million and piling stress on authorities to curb
large gatherings as a serious spiritual pageant started.
    • Facebook is a non-partisan platform which denounces hate and bigotry, the
firm's India head mentioned on Friday, amid an argument over how the U.S. social
media large regulates political content material in its largest market by variety of
customers.
    • One of India's most distinguished attorneys faces a Monday deadline to apologise
to the Supreme Court or danger jail in a case testing the judiciary's openness to
criticism and sparking a debate on freedom of speech on the planet's largest
democracy.
    • India's soybean manufacturing may leap by 32% in 2020 to 12.25 million
tonnes from a 12 months earlier on account of larger space below the oilseed and because the
yields are anticipated to rise on ample monsoon rainfall, a number one commerce physique mentioned
on Friday.   
    

    GLOBAL TOP NEWS
    • Trump hails FDA's authorization of plasma therapy for coronavirus, after
slamming company
    (*24*) Donald Trump on Sunday hailed FDA authorization of a coronavirus
therapy that makes use of blood plasma from recovered sufferers, a day after accusing
the company of impeding the rollout of vaccines and therapeutics for political
causes.
    • Shenzhen's ChiNext challenges Shanghai, provides gasoline to 'know-how struggle' with
U.S.
    As corporations put together to checklist on the beginning-up board ChiNext below a brand new
U.S.-style IPO system, China's Shenzhen will formally problem Shanghai for
tech listings, whereas including gasoline to a "technology war" with the United States.

    • Another hospital go to by Japan PM Abe stokes well being worries
    A motorcade carrying Japanese Prime Minister Shinzo Abe entered a Tokyo
hospital once more stoking issues about his potential to proceed as chief on account of
well being points and fatigue from dealing with the coronavirus disaster.
    
    
    LOCAL MARKETS OUTLOOK
    (As reported by NewsRise)
    • SGX Nifty nearest-month futures had been buying and selling 0.4% larger at 11,422.50.
    • The Indian rupee is anticipated to commerce little modified in opposition to the U.S.
foreign money because the greenback index stays subdued forward of Federal Reserve Chair
Jerome Powell’s coverage overview speech later this week.
    • India authorities bond yields are prone to rise in early session, as
sentiment stays weak amid dwindling bets of a coverage fee lower within the coming
months and lack of speedy measures by the central financial institution to offset provide
issues. The yield on the benchmark 5.79% bond maturing in 2030 is prone to
commerce in a variety of 6.12%-6.18. 
    
    
    GLOBAL MARKETS
    • The S&P 500 and Nasdaq closed at document highs on Friday, with each lifted
by Apple after knowledge pointed to some pockets of energy within the U.S. economic system.

    • Asian shares superior for a second straight session, underpinned by
coronavirus hopes after the U.S. Food & Drug Administration (FDA) authorised the
use of blood plasma from recovered sufferers as a therapy choice.
    • The greenback steadied in opposition to main currencies as merchants seemed to extra
knowledge for a gauge on the well being of the worldwide economic system and the Federal Reserve's
annual Jackson Hole retreat for steering on the outlook for U.S. financial
coverage.
    • U.S. Treasury yields had been combined because the market drifted in mild buying and selling and
seemed forward to subsequent week's Federal Reserve Jackson Hole digital financial coverage
convention and $148 billion of observe gross sales.
    • Crude oil costs nudged larger as storms bore down on the Gulf of Mexico,
shutting greater than half the area's oil manufacturing, though positive aspects had been capped
by ongoing issues about demand from coronavirus lockdowns.
    • Gold slipped because the greenback steadied close to a multiple-week excessive, whereas
traders awaited Federal Reserve Chairman Jerome Powell's speech at Jackson
Hole later this week for readability on the course of U.S. financial coverage.

    
    
              CLOSE       FII INVESTMENTS  EQUITIES         DEBT
 PNDF spot    74.87/74.9  August 21        (161.28) crores  (1113.63) crores
 10-yr bond   6.14%       Month-to-date    40,262 crores    (580) crores
 yield                                                      
                          Year-to-date     29,312 crores    (1,10,015) crores
 
    
    (FII funding numbers are in Indian rupees. Source: National Securities
Depository Limited)

    For further knowledge:
    India govt bond market volumes                 
    Stock market stories                
    Non-deliverable forwards knowledge              
    Corporate debt tales               [IN CORPD]
    Local market closing/intraday ranges [IN SNAPSHOT]
    Monthly inflows                      [INFLOWS RTRS TABLE IN]
    
    ($1 = 74.92 Indian rupees)
 

 (Reporting by Pooja Kesavan in Bengaluru)
  

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