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News, I read on 26th May

1.Shares in depository account can be used as margin till Aug 31: Sebi
https://in.finance.yahoo.com/news/shares-depository-account-used-margin-162749556.html

2.Bharti Telecom, a promoter entity of Bharti Airtel, will sell 2.75 per cent stake worth $1 billion in the telecom company via block deals on Tuesday morning.
https://www.livemint.com/companies/news/bharti-airtel-promoter-to-sell-stake-worth-1-billion-through-block-deal-today-11590430854566.html
3.India is looking at storing some low priced U.S. oil in facilities there as its local storage is full, says oil minister Dharmendra Pradhan
https://in.reuters.com/article/india-oil-usa/india-looks-to-store-cheap-oil-in-united-states-oil-minister-idINKBN2311L9
4.Micro-finance lenders are worried due to the extended moratorium period
https://economictimes.indiatimes.com/industry/banking/finance/microfinance-lenders-aim-at-repayment-collection-restoring-credit-cycle-amid-rising-stress/articleshow/75981335.cms

5. Rating Agency ICRA has projected the economy to grow by 1.9 per cent in the fourth quarter against 5.8 a year ago and and 4.3 per cent in 2019-20 against 6.1 per cent in 2018-19
https://www.business-standard.com/article/economy-policy/covid-impact-icra-pegs-gdp-growth-at-1-9-in-q4-and-4-3-in-fy20-120052501079_1.html

6.Even as the global economic slowdown and COVID crisis have severely hit the steel industry, transmission and distribution (T&D) equipment players are expected to be more resilient mainly on the back of government orders, says India Ratings
https://in.finance.yahoo.com/news/govt-thrust-infra-boost-help-145640372.html

7.Gold prices fell in muted trade on Monday as the dollar strengthened and share markets rose, though lingering tensions between the United States and China limited losses.
https://in.reuters.com/article/global-precious/gold-prices-slip-on-rising-dollar-and-equities-idINKBN23109U

8.With India lifting many of the curbs on businesses following a strict two-month lockdown, Saudi Arabia’s Alfanar Group is looking to sell half of its 600 megawatt (MW) wind power projects in India
https://www.livemint.com/industry/energy/saudi-energy-firm-alfanar-to-sell-300mw-india-wind-power-plants-11590431850338.html

9.India’s cotton exports could rise to 4.7 million bales in 2019/20, up 12% from the previous estimate, as a fall in the value of the rupee to a record low made shipments competitive
https://in.reuters.com/article/india-cotton-exports/weak-rupee-leads-indian-trade-body-to-lift-cotton-export-estimate-idINKBN2311OQ


10.On Friday, Nifty closed 67 points lower at 9039.25 .
VIX came 1.85% lower and closed at 32.38, the usual safe range for VIX is between 12 to 20.
SGX Nifty trading 90.3 points higher at 8:15 am, Indian Time

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