News I read on 29th June

1) Power producers' total outstanding dues owed by distribution firms rose nearly 63 percent to Rs 1.23 trillion in April 2020 over the same month previous year, reflecting stress in the sector.
Ref: Business Standard

2) Construction of a large number of real estate projects across cities remains stalled due to a severe liquidity and labor shortage that developers are facing.
Ref: Livemint

3) Foreign fund flows into India significantly improved during 1 June to 26 June period even as concerns over steep valuations and weak fundamentals remain, with total inflows into Indian equities standing at $2.87 billion
Ref: Livemint

4) Markets to be tested as some sections of the economy may hit a wall.
Ref: Livemint

5) Carlyle Group will purchase a 20% stake in Indian billionaire Ajay Piramal’s pharmaceutical business, according to an exchange filing.
Ref: Business Standard

6) Oil prices fell for a second straight session on Monday as coronavirus cases rose in the United States and other places, leading countries to resume partial lockdowns that could hurt fuel demand.
Ref: Reuters

9) Firms in China brought in half of the equity capital raised globally this year so far, setting a record that highlights the economy’s earlier revival from the COVID-19 pandemic.
Ref: Reuters

On Friday, NIFTY closed 94.10 Points higher at 10,383.00.

VIX lowered by 3.36% and closed at 28.73, the usual safe range for VIX is between 12 to 20.

SGX Nifty trading 46.25 points lower at 08:00 am, Indian Time.