News, I read on 27th May

1.The National Commodity and Derivatives Exchange (NCDEX) on Tuesday launched Agri Futures Index, which traded a total of 418 lots and Rs 21 crore volume on the first day.
https://www.moneycontrol.com/news/india/ncdex-launches-agridex-trades-418-lots-rs-21-crore-volume-on-first-day-5318041.html


2.The global gold market has been turned on its head by the novel coronavirus, with demand in China and India collapsing due to lockdowns while in the West investors rushed to buy bullion as Swiss exports of gold to the United States leapt to 111.7 tonnes in April — by far the biggest monthly total on record
https://in.reuters.com/article/swiss-trade-gold/u-s-imports-record-amount-of-gold-from-switzerland-as-virus-upends-trade-idINKBN2321H9


3.With the Covid-19 pandemic crippling collections of states, their GST (Goods & Services Tax) requirement is projected to swell to Rs 4.1 trillion in this fiscal, equivalent to 2.1 per cent of the country’s estimated GDP.
https://wap.business-standard.com/article/economy-policy/states-gst-compensation-requirement-to-swell-to-rs-4-1-trn-in-fy21-120052601322_1.html


4.Markets regulator Sebi on Tuesday issued uniform guidelines to be followed by stock exchanges while identifying and selecting a location as a delivery centre for commodity derivatives contracts. 

https://www.moneycontrol.com/news/business/commodities/sebi-lays-framework-for-selection-of-location-as-delivery-centre-for-commodity-derivatives-contract-5317961.html


5.Oil prices fell on Wednesday on revived concerns over how quickly fuel demand will recover even as coronavirus lockdowns begin to ease in many countries, while U.S.-China tensions added to negative sentiment
https://in.finance.yahoo.com/news/oil-slips-demand-worries-hong-015457359.html


6.Fitch ratings, CRISIL, and SBI Research have drastically cut India’s economic growth forecast in the current fiscal year due to a prolonged Lockdown.
https://www.business-standard.com/article/economy-policy/fitch-ratings-crisil-sbi-research-see-india-economy-shrinking-in-fy21-120052700029_1.html


7.Discoms will get only short term benefit from the 90 crore package says IndRa
https://www.livemint.com/industry/energy/rs-90k-cr-package-to-provide-only-temporary-relief-to-discoms-indra-11590499139822.html

8.Kotak Mahindra Bank launches QIP to raise up to ₹7,500 crore
https://www.livemint.com/industry/banking/kotak-mahindra-bank-launches-qip-to-raise-up-to-rs-7-500-crore-11590494302605.html

9.Reliance Industries planning for overseas listing of Jio Platforms
https://www.livemint.com/companies/news/mukesh-ambani-may-consider-overseas-ipo-for-jio-platforms-11590502364713.html


10.On Friday Nifty closed 10.2 points lower at 9029.05 .
VIX came 2.81% lower and closed at 31.47, the usual safe range for VIX is between 12 to 20.
SGX Nifty trading 11.5 points lower at 8:15 am, Indian Time

Please comment important news you read today. Also, in case, if you find any news difficult to understand or comprehend - please comment and ask questions over the news blog.

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