FTSE puts India, Saudi on watchlist for inclusion in its bond index Stock Market 

FTSE puts India, Saudi on watchlist for inclusion in its bond index

By Administrator_ India Capital Sands India’s efforts to include its bonds in global bond indices could fructify soon with FTSE Russell placing Indian and Saudi Arabian government bond markets on the watchlist for possible inclusion in its FTSE Emerging Government Bond Index. FTSE Russell’s semi-annual country classification review released on Monday said the market accessibility level of Indian and Saudi Arabian bonds will be considered for reclassification to 1 from 0. Global index users have shown interest in Indian government securities issued through the Fully Accessibility Route (FAR), FTSE said, adding that it will start a version…

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Mumbai sees bed rationing again as coronavirus cases rise sharply Coronavirus News 

Mumbai sees bed rationing again as coronavirus cases rise sharply

By Administrator_ India Capital Sands With Covid-19 cases surging across Maharashtra and also in Mumbai, the Brihanmumbai Municipal Corporation (BMC) has decided to manage over 2200 beds in 69 private hospitals in the city. The daily Covid tally in Maharashtra eased to 31,643 cases on Monday, against 40,414 new coronavirus cases on Sunday —two-thirds of the national tally of 68,020. The state has already tightened travel restrictions and imposed night curfew, and Chief Minister Uddhav Thackeray has warned of a fresh lockdown. Mahindra Group Chairman Anand Mahindra has criticized the plan for a lockdown in Maharashtra, saying such a move…

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Bitcoin under pressure as comeback fades Market 

Bitcoin Finds Support at $50K as Long-Term Appears Intact

By Administrator_ India Capital Sands Bitcoin‘s slump Thursday was blamed on hedge funds rebalancing their portfolios ahead of the quarter-end, but the selling to $50,000 found support at a time when signs pointing to the strength of the long-term ‘hold rose to a record high for the year. BTC/USD fell 3.38% to $52,217, though had been as low as $50,350. Net transfer volume from/to exchanges – the difference between the amount of bitcoin moving on versus off-exchange – fell to a record low for the year, suggesting the move from exchanges…

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Millions of millennials are piling into India’s stock market, shows data

By Administrator_India Capital Sands When his parents first learned that Vishal Baveja, a 27-year-old doctor of forensic medicine, had invested some of his savings in Indian equity mutual funds, they were worried about the risk. Those fears abated when they saw the income those investments produced. Then, as the coronavirus pandemic took hold last year, they supported his decision to start buying individual blue-chip stocks. Millions of young Indians such as Baveja have taken to stock trading during the pandemic, raising hopes that the appetite for equities in the world’s…

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Oil Up, Fueled by Continuous Increase in U.S. Fuel Demand Commodity 

Oil tumbles with bearish market structure showing weak demand concern

By Administrator_India Capital Sands Oil slumped as a string of renewed lockdown measures in Europe stoked concerns about the demand outlook while the market’s underlying structure shifted to indicated near-term weakness. Futures in New York and London fell as much as 5 percent, with the prompt spread on both flipping into contango. Concerns are re-emerging over the prospects for a speedy rebound in consumption as Europe’s demand recovery is set to take another hit with Germany, France, and Italy all having widened lockdown measures this month. Meanwhile, coronavirus cases are surging…

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LS passes Bill that seeks to clarify that 'govt' in Delhi means 'L-G' Political News 

LS passes Bill that seeks to clarify that ‘govt’ in Delhi means ‘L-G’

By Administrator_ India Capital Sands A bill that seeks to make it clear that the “government” in Delhi means the “Lieutenant Governor” was passed by Lok Sabha on Monday amidst strong opposition from the Congress and the Aam Aadmi Party which said that the legislation is “unconstitutional”. Union Minister of State for Home G Kishan Reddy said the Government of National Capital Territory of Delhi (Amendment) Bill, 2021, has become necessary as there has been ambiguity in certain issues related to the functioning of the Delhi government, and several cases were also filed in courts.…

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French PM announces limited COVID-19 lockdown for Paris World 

French PM announces limited COVID-19 lockdown for Paris

By Administrator_ India Capital Sands French Prime Minister Jean Castex on Thursday announced a limited month-long lockdown for Paris and several other regions to combat surging Covid-19 cases while insisting the measures would be less strict than in the past. While non-essential businesses will close and movement outside will be restricted in the affected regions, schools will stay open and outdoor exercise allowed up to 10 kilometers (6 miles) from home, he said. President Emmanuel Macron had so far resisted imposing a nationwide lockdown this year but his premier said…

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Need 'quick, decisive' steps to stop second Covid-19 wave: Modi tells CMs Coronavirus News 

Need ‘quick, decisive’ steps to stop second Covid-19 wave: Modi tells CMs

By Administrator_ India Capital Sands In a first such warning against an emerging second peak of Covid-19, Prime Minister Narendra Modi on Wednesday asked states to take quick and decisive steps to check the spread of the virus. In an urgently called video-conference meeting, chief ministers were told to adopt the test, track and treat strategy to stop a new Covid wave. “While we do not want to create any panic, we have to take steps to rid ourselves of this trouble,” Modi said, adding that the country needs the same seriousness…

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March inflation rises to four-month high of 5.52% due to food, core prices Economic News 

WPI inflation spikes to a 27-month high in Feb owing to costlier food, fuel

By Administrator_ India Capital Sands The wholesale price index (WPI)-based inflation rate rose to a 27-month high in February due to a broad-based hardening of prices of fuels, food items, and manufactured goods. However, diesel, which indirectly impacts prices of other items, continued to see deflation (a fall in prices), in February, albeit at a much lower rate than witnessed in the previous months. WPI inflation surged to 4.17 percent in February compared with 2.03 percent in the previous month, the data released by the ministry of commerce and industry showed…

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Gold Steady Near Four-Month High Amid Fed Inflation Comments Commodity 

Gold rises on inflation worries after US stimulus approval

By Administrator_ India Capital Sands Gold prices gained on Monday as the passage of a U.S. stimulus bill stoked inflation risks, although a resultant bounce in Treasury yields kept gains in check. FUNDAMENTALS * Spot gold rose 0.3% to $1,732.02 per ounce by 0134 GMT, while U.S. gold futures for April delivery rose 0.7% to $1,730.90 per ounce. * Yields on benchmark 10-year notes held near their highest in more than a year on continued U.S. economic optimism after a $1.9 trillion recovery package was signed into law last week.…

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