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To access a PDF edition of this newsletter, click here http://share. thomsonreuters. com/assets/newsletters/Indiamorning/MNC_IN_09172020. pdf To obtain this newsletter by email, subscribe to: https: // solutions . refinitiv. com / MNCIndiaSubscriptionpage FACTORS TO OBSERVE 9:00 am: Parliament’s consultation on the monsoon continues in New Delhi. 9: 1 5AM: Happiest Minds Technologies is expected to be indexed on the Mumbai Stock Exchange. 10:30 am: The Secretary of Housing, Durga Shankar Mishra, will probably attend the FICCI Real Estate Summit. 11:00 am: Jindal Stainless is scheduled to hold its annual general meeting. 11:00 am: Skoda Auto India must organize virtual press convention to launch Rapid TSI AT car. 11:30 am: Suven Life Sciences is scheduled to hold its annual general meeting. 12:30 pm: ITC President and CEO Sanjiv Puri will participate in the IIC webinar on “Advanced Technologies Reshaping Indian Agriculture. ” 2:00 p. m. Array: Ashok Kajaria, President and CEO of Kajaria Ceramics, will likely participate in the PHD Chamber of Commerce webinar on startups. 3:30 p. m. Array: Jet Airways is scheduled to hold the credit committee meeting. 3:30 p. m. Array: Ipca Laboratories will have its annual general meeting. 4:00 p. m. Array: Supreme Industries is scheduled to hold its annual general meeting. 6:00 pm Array: Junior Finance Minister Anurag Thakur, Financial Services Secretary Debashish Panda and IBA President Sunil Mehta will participate in the FICCI convention on “Investing in Assets Under Pressure in the India”. INDIA TOP NEWS • Indian hospitals desperately want oxygen as coronavirus instances account for India’s five million coronavirus infections that surpassed five million on Wednesday, putting pressure on hospitals suffering from unreliable materials the oxygen they want to treat tens of thousands of critically ill patients. • RBI leader says recovery in India is not entrenched, it will only be slow Some high-frequency signals point to stabilization of economic activity in India, but recovery is not yet entrenched and will not be as slow, Governor said from the Reserve Bank of India, Shaktikanta Das on Wednesday. • Serum Institute Obtains Approval to Resume AstraZeneca COVID Vaccine Origin Trial in India The Serum Institute of India obtained Indian regulatory approval to resume local clinical trials of AstraZeneca’s potential COVID-19 vaccine, a source said Wednesday familiar with the matter. • Walmart’s Flipkart overseas plan directory as early as 2021: Walmart-controlled resources Flipkart is preparing for an overseas initial public offering starting in 2021, which could cost the company up to $ 500 billion, told Reuters Reresources familiar with the plans. • Indian airlines seek a $ 1. 5 billion interest-free credit line from the government Indian airlines have requested at least $ 1. 5 billion of interest-free credit from the government to enable them to cope with the loss of source of income due to the US pandemic. coronavirus, the country’s aviation minister said Wednesday. • Indian PMC fraud victim asked other large banks to merge: Indian manager PMC Bank contacted other banks about an imaginable merger even as its efforts to recoup a giant borrower’s budget have been interrupted by the pandemic of coronavirus, the bank administrator said in a court file noted through Reuters. • Russia reaches another agreement to obtain and verify its coronavirus vaccine abroad Russia’s sovereign wealth fund will supply 100 million doses of its possible coronavirus vaccine to Indian pharmaceutical company Dr Reddy’s Laboratories, the fund said on Wednesday Array as Moscow accelerates its distribution plans. your vaccine. Foreign. • Coal-fired power generation from India increases with expansion of commercial use Coal-fired power generation in India increased 9. 4% in the first part of September, according to provisional data, the government showed that the order of the Western trading states increased for the first time since the coronavirus shutdown. TOP WORLD NEWS • Fed touts economic recovery, promises to keep interest rates low The Federal Reserve promised on Wednesday to keep interest rates close to 0 until inflation is on track to exceed the central bank’s 2% target for USA, an ambitious new promise to bring millions of dollars from unemployed Americans into the workforce. • Trump raises questions about the TikTok-Oracle deal if ties with ByteDance persist US President Donald Trump raised questions Wednesday about China’s ByteDance plans to retain a majority stake in US operations of the network platform TikTok, after six Republican lawmakers suggested that he reject the proposal. • The chances of a Brexit deal fading every day, said the European Commission leader. The European Commission leader said on Wednesday that chances of securing an industry deal with Britain were dwindling throughout the day. day when the British government continued their efforts that they would violate due to their divorce treaty. LOCAL MARKET OUTLOOK (As reported via NewsRise) • The nearest month’s SGX Nifty futures industry fell 0. 8% to 11,522. 55. • The Indian rupee is expected to decline against the dollar, following the slide in regional stocks amid uncertainty about the strength of the US economic recovery. • Indian federal government bond yields are expected to decline slightly ahead of the central bank’s so-called open market operation. The benchmark bond yield of 5. 77% due 2030 is expected for the industry within a range of 5. 9% to 6. 00%. GLOBAL MARKETS • The S&P Five00 ended lower on Wednesday, reversing past-due gains for the day as losses in tech stocks outpaced a Federal Reserve that fueled optimism that US interest rates would remain near 0 for an extended period. • Stocks fell and the dollar rose after the Federal Reserve pledged to keep interest rates low for a long time, but paused before providing more stimulus to help a troubled US economy. • Investors on Wednesday pushed long-term US Treasury yields to their highest levels this week and widened the yield curve after the US Federal Reserve said it would keep interest rates near 0 for a time. • Oil costs blended into the early industry, simply clinging to overnight earnings as considerations about weak fuel demand refocused after Hurricane Sally crossed the Gulf of Mexico into the southeastern United States. • Gold costs declined as the US dollar strengthened, although doubts about an immediate global economic recovery and the Federal Reserve’s commitment to keep interest rates close to 0 until at least 2023 limited losses for the year. metal safe haven. CLOSING FII INVESTMENTS EQUITY DEBT PNDF spot 73. 52 / 73. 55 September 16, 18 five 4. five 6 877. 01 crore crores Yield on 10-year bonds 5. 99% since the month 1402 2114 crores crores Since the beginning of the year 37five32 (1, 10631) million Rs crore (FII investment figures are in Indian rupees. Source: National Securities Depository Limited) For more information: India Government Bond Market Acceptance Volumes Stock Market Acceptance Site Volumes Stock Market Acceptance Place Reports Undeliverable Future Knowledge Corporate Debt Stories [EN CORPD] Local Market Closing / Intraday Levels [IN BRIEF] Monthly Entries [RTRS TABLE IN INCOME] ($ 1 = Rs 73. 53 Indias) (compiled via Priyanka Das in Bengaluru)