News I read on 24th June

1) India's oil imports in May hit the lowest since Oct 2011, India imported 3.18 million barrels per day (BPD) of oil, a decline of about 31% from April and about 26% from a year ago.
Ref: Yahoo Finance

2) To enable bondholders to find a market for the defaulting debt the market regulator SEBI on Tuesday notified an operational framework for debt that is unable to pay its obligations on the maturity date.
Ref: Livemint

3) Commodities exchange MCX on Tuesday said it has bagged the SEBI go-ahead to launch futures contracts on gold mini (100 gm) and silver 5 kg options. The BSE has launched a gold mini and silver kilo options on June 1 while the larger rival NSE launched gold mini options on June 8.
Ref: Yahoo Finance

4) Global private equity fund manager Blackstone has launched a block deal to raise between $250 million and $257 million in Embassy Office Parks REIT (real estate investment trust).
Ref: Business Standard

5) Auto volumes are expected to recover partly in the second half of the ongoing financial year as sales gradually increase after the easing of lockdown measures since May, Fitch Ratings has said.
Ref: Moneycontrol

6) State Bank of India (SBI), HDFC Bank, Bank of Baroda (BoB), Punjab National Bank (PNB) and Canara Bank have emerged as top lenders to small businesses under the government’s emergency credit line guarantee scheme (ECLGS).
Ref: Livemint

7) In a bid to curtail cheaper imports of flat steel in the value-added segment, the government on Monday announced anti-dumping on the flat-rolled products of steel, plated or coated with aluminum and zinc.
Ref: Moneycontrol

9) Heightened uncertainty in India caused by the coronavirus pandemic has led to a surge in currency in circulation as people hoard cash or park money in accessible deposits to safeguard themselves against salary cuts or job losses.
Ref: Reuters

On Tuesday, NIFTY closed 159.80 Points higher at 10,471.00.

VIX was down by 3.68% and closed at 29.34, the usual safe range for VIX is 12 to 20.

SGX Nifty trading 25.00 points lower at 7:45 am, Indian Time.