Month: March 2021

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 […]

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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 […]

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

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Maharashtra Covid-19 curbs sink markets; Sensex falls over 1,400 points
Market

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, […]

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Oil tumbles with bearish market structure showing weak demand concern
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 […]

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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 […]

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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, […]

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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 […]

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

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Gold rises on inflation worries after US stimulus approval
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 […]

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