News I read on 23rd June

1) Moody's Investors Service on Monday projected the Indian economy to shrink 3.1 percent in 2020 and said clashes with China on the border also suggest rising geopolitical risks.
Ref: Moneycontrol

2) US President Donald Trump suspended H-1B visas, which is popular among Indian IT professionals, along with other foreign work visas for the rest of the year.
Ref: Livemint

3) Domestic mutual funds (MFs) voted ‘against’ 2,500 resolutions proposed by India Inc across annual general meetings (AGMs), extraordinary general meetings (EGMs), and postal ballots in 2019-20 (FY20).
Ref: Business Standard

4) The New York Stock Exchange (NYSE) submitted an amended rule change with the U.S. Securities and Exchange Commission (SEC) on Monday in a bid to enable companies that debut on the stock market through a direct listing to raise capital.
Ref: Yahoo Finance

5) The markets regulator’s board, when it meets on 25 June, will make the raising of funds through preferential allotments easier by relaxing pricing requirements.
Ref: Livemint

6) The gold price jumped by 1 percent to new high of Rs 48,107 on Monday as intensified geopolitical tensions, spiraling Covid-19 cases, and concerns of the struggling economy increased its safe-haven appeal.
Ref: Business Standard

7) Amid the pandemic to ease the compliance-related burden, the government has allowed investments until June 30, 2020, for claiming deductions as part of Section 80C for the FY 20. Further, there is also a provision which in case your investment until June 30 crosses the Rs. 1.5 lakh mark, you can take the amount over and above the threshold for claiming a deduction for FY21.
Ref: Yahoo Finance

8) European Union antitrust regulators on Monday warned about the possible anti-competitive effects of the London Stock Exchange's $27 billion bid for data and analytics company Refinitiv as they launched a four-month investigation into the deal.
Ref: Yahoo Finance

9) Petrol and diesel fuel prices in India have scaled record new highs as they continue their upward march. As per IOCL, the price of petrol in Delhi rose to hit Rs 79.56 per liter while diesel saw an increase of 58 paise to Rs 78.85 a liter.
Ref: Yahoo Finance

On Monday, NIFTY closed 66.80 Points higher at 10,311.20

VIX was high by 1.63% and closed at 30.46, the usual safe range for VIX is 12 to 20.

SGX Nifty trading 73.25 points lower at 7:30 am, Indian Time.