1 / 101. Asia: Stocks in Asia Pacific traded mixed Tuesday morning as investors await the release of a private survey of Chinese manufacturing activity in August. In Japan, the Nikkei 225 shed 0.14 percent while the Topix index also declined 0.29 percent. South Korea’s Kospi, on the other hand, advanced 0.73 percent. The S&P/ASX 200 in Australia slipped 0.65 percent. Overall, the MSCI Asia ex-Japan index traded fractionally higher, reported CNBC International. (Image: Reuters)
2 / 102. US: Stock futures were flat in overnight trading on Monday after Wall Street notched its fifth consecutive month of gains. Futures on the Dow Jones Industrial Average rose about 20 points. The S&P 500 futures and the Nasdaq 100 futures were both little changed.The S&P 500 and the Dow wrapped up their best August in more than 30 years, reported CNBC International. (Image: Reuters)
3 / 103. Market At Close On Monday: Indian markets reversed gains to end 2 percent lower on Monday after tensions between India and China border near Ladakh escalated. Indian army informed that Chinese troops violated the earlier agreement and carried out provocative military movements to change the status quo on the nights of August 29-30. Post the announcement, the Sensex fell as much as 1614 points from the day's high. It ended 839 points lower at 38,628 while the Nifty fell 260 points to settle at 11,387. (Image: Reuters)
4 / 104. Crude Oil: Oil prices nudged up on Monday, with Brent futures set to post a fifth straight monthly gain, as global stimulus measures underpin prices even as demand struggles to return to pre-COVID levels in a well supplied market. Brent crude futures for November were unchanged at $45.81 per barrel, while U.S. West Texas Intermediate crude was at $43.05 a barrel, up 8 cents, reported CNBC International. (Image: Reuters)
5 / 105. Rupee Close: The Indian currency pared early gains on Monday amidst volatile equity market. The rupee ended 21 paise lower to 73.60 against the US dollar as compared to Friday's close of 73.39. (Image: Reuters)
6 / 106. RBI To Conduct Two More OMOs: The Reserve Bank of India (RBI) on Monday announced several measures including two more tranches of special open market operations (OMO) in bonds and raising the held-to-maturity limit under the statutory liquidity ratio for banks. "The RBI remains committed to use all instruments at its command to revive the economy by maintaining congenial financial conditions, mitigate the impact of COVID-19 and restore the economy to a path of sustainable growth while preserving macroeconomic and financial stability," a statement by the apex bank read. The central bank will conduct additional special OMOs involving the simultaneous purchase and sale of government securities for an aggregate amount of Rs 20,000 crore in two tranches of Rs 10,000 crore each. (Image: Reuters)
7 / 107. RBI Announces Steps To Ease Pressure On Liquidity: The Reserve Bank on Monday announced a host of steps, including term repo operations totalling Rs 1 lakh crore in mid-September to ease pressure on the liquidity and maintain congenial financial conditions with a view to ensuring sustainable recovery of economic growth."The RBI stands ready to conduct market operations as required through a variety of instruments so as to ensure orderly market functioning," the central bank said in a statement adding that recently market sentiment has been impacted by concerns relating to the inflation outlook and the fiscal situation amidst global developments that have firmed up yields abroad.The RBI said that in order to reduce the cost of funds, banks that had availed of funds under long-term repo operations (LTROs) may exercise an option of reversing these transactions before maturity. (Image: Reuters)
8 / 108. Govt Extends FY20 GST Return Filing Date: The government on Monday extended by 2 months the due date for filing of annual GST returns for 2019-20 by composition dealers to October 31. This is the second extension in as many months given by the government. The original deadline for filing the return was July 15, which was earlier extended till August 31. The Central Board of Indirect Taxes and Customs (CBIC) in a tweet said, "Last date GSTR 4 for FY 2019-20 extended to 31st October 2020". Goods and Services Tax (GST) composition scheme can be opted by any taxpayer whose turnover is up to Rs 1.5 crore. (stock image)
9 / 109. Q1FY21 GDP: India's gross domestic product (GDP) growth for the first quarter (June 30) of financial year 2020-21 suffered largest quarterly slump of 23.9 percent, said the data released by the government. The sharp contraction in GDP numbers is mainly due to the closure of business activity during the quarter owing to nationwide lockdown to curb the spread of COVID-19. (Image: Reuters)
10 / 1010. CEA Krishnamurthy Subramanian On Economy: It's the worst economic contraction on record. India's first quarter GDP has fallen a staggering 23.9 percent, reflecting the slowdown caused by the nationwide lockdown. Economists polled by CNBC-TV18 had expected a decline of 19.6 percent. "We are witnessing a V-shaped recovery post unlocking," said Subramaniam. He further said that residual uncertainty is causing increase in savings and demand side has deflationary impact due to uncertainty. "Pandemic will ebb and flow,"added the CEA. (stock image)
