September 19, 2020

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Stocks in focus on September 18, 2020

Stocks in focus on September 18, 2020

By Administrator_India Capital Sands New Delhi: Markets ended in the red zone on Thursday led by losses in index heavyweights amid negative cues from global markets.The 30-share BSE index ended 323 points or 0.82 per cent lower at 38,979.85. The NSE Nifty fell 88.45 points or 0.76 per cent to 11,516.10. Here are Stocks in focus on September 18, 2020 EIH Hospitality major EIH Ltd, which runs hotels and resorts under the Oberoi brand, on Thursday said its rights issue ...
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COVID-19 vaccine could be distributed from October: US President Donald Trump

COVID-19 vaccine could be distributed from October: US President Donald Trump

By Administrator_India Capital Sands US President Donald Trump on Wednesday (local time) said that the COVID-19 vaccine could be distributed across the United States starting October and close to a hundred million doses could be distributed by the end of 2020. "We are on track to deliver and distribute the vaccine in a very safe and effective manner. We think we can start sometime in October. So as soon as it is announced, we would be able to start mid-October ...
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China Lets Traders Push Yuan Toward Best Quarter on Record

By Administrator_India Capital Sands The yuan has strengthened 4.2% since the end of June to 6.772 per dollar, set for the biggest ever quarterly gain in Bloomberg data going back to 1981. The currency is the best performer in Asia in the third quarter, with the buying momentum being close to the strongest since January. The yuan is being supported by a slump in the dollar, while Chinese media has been attributing the gains to the nation’s economic recovery. The ...
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Japan’s Yoshihide Suga wins ruling party race to replace premier Shinzo Abe

By Administrator_India Capital Sands Japanese Chief Cabinet Secretary Yoshihide Suga was elected leader of the ruling Liberal Democratic Party by an overwhelming majority, ushering in the country’s first change of prime minister in almost eight years. The party, which has ruled mostly uninterrupted since 1955, was set to use its parliamentary majority to install Suga as prime minister in a separate vote Wednesday. Suga’s appointment will bring to an end the record run of his ailing boss, Shinzo Abe, who has served ...
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India records 92,070 COVID-19 cases and 1,136 deaths in a single-day; tally crosses 48-lakh mark

By Administrator_India Capital Sands India on Monday registered a record 92,070 coronavirus cases in 24 hours taking the total number of infections to over 48 lakh, according to the Union Ministry of Health and Family Welfare. The country also recorded 1,136 deaths in the last 24 hours, the cumulative toll reached 79,722. The total case tally stands at 4,846,427 including 9,86,598 active cases while total recoveries stand at 37,80,107. A total of 37,02,595 people have recuperated from COVID-19 in the country so ...
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SBI, HDFC, ICICI Bank see surge in suspicious transactions during COVID-19

By Administrator_India Capital Sands Top banks in India have reported a surge in suspicious transactions by companies in cash and overseas transfers since COVID-19. State Bank of India, Bank of Baroda, ICICI Bank, and HDFC Bank have started red-flagging such transactions that defy traditional company patterns. Banks are keeping an eye on companies that have recorded a spike in trading, dealing with unrelated goods and services, or there’s a sudden outflow of money to other countries, said a report. The Financial ...
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Dollar Down With Investors Looking to Thursday’s ECB Meeting

By Administrator_India Capital Sands The dollar was down on Thursday morning in Asia, ahead of the ECB meeting taking place later in the day. The U.S. Dollar Index that tracks the greenback against a basket of other currencies edged down 0.10% to 93.165 by 11:54 PM ET (4:54 AM GMT). The euro held onto gains against the greenback ahead of the meeting, with the meeting’s agenda expected to focus on policymakers’ views on the euro’s recent appreciation and its impact on inflation ...
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Oil glut trade on brink of a return; Brent crude falls below $40

By Administrator_India Capital Sands The combination of a stalling Asian demand recovery, the end of the US summer driving season, and increased supply from the Opec+ alliance are signaling a bleak short-term outlook for oil prices. The global Brent crude benchmark is currently trading quite deeply in a bearish pattern known contango, where the most immediate prices are far below those for contracts for supply in later months. The discount has gotten so big that it appears to cover the nominal ...
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India records 75,809 COVID cases, 1,133 deaths in a single-day; tally nears 43 lakh-mark

By Administrator_India Capital Sands India on Tuesday recorded as many as 75,809 new coronavirus cases, taking the national caseload near 43-lakh mark, according to the Union Ministry of Health and Family Welfare. With 1,133 more deaths in the last 24 hours, the cumulative toll reached 72,775. The total case tally stands at 42,80,422 including 8,83,697active cases. India on Monday surpassed Brazil and is now behind the USA which has recorded 6.29 million COVID-19 cases. Brazil has registered 4.14 million cases ...
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Education Ministers of G20 countries conduct virtual meet

By Administrator_India Capital Sands Education Ministers of G 20 nations have resolved to work together and share best practices in the area of education so that member countries can ensure inclusive and equitable quality education and promote lifelong learning opportunities for all, even in times of crisis. A virtual meeting of G20 Education Ministers was held on September 05, 2020, to discuss and share experiences of member countries in the three identified areas of Education Continuity in Times of Crises, ...
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