In a recent letter to the Finance Minister with recommendations to revive the realty sector, the National Real Estate Development Council (NAREDCO)&nbsp;has urged the government to provide a one-time roll over or restructuring of loans taken by developers. Due to the downturn in the market and also failures of several big NBFCs, the developers are facing acute liquidity shortage, the letter mentioned.&nbsp;It is noted that the RBI, through its June order, also permitted the banks to restructure or roll over the loans at their option.

In a recent letter to the Finance Minister with recommendations to revive the realty sector, the National Real Estate Development Council (NAREDCO) has urged the government to provide a one-time roll over or restructuring of loans taken by developers. Due to the downturn in the market and also failures of several big NBFCs, the developers are facing acute liquidity shortage, the letter mentioned. It is noted that the RBI, through its June order, also permitted the banks to restructure or roll over the loans at their option.

Stock markets fell sharply on Friday led by heavy losses in auto and banking stocks. Asian and European&nbsp;markets also plummeted.
The Sensex&nbsp;plunged 433 points and the Nifty ended the day below 11,200 level, down 1.08%.
Eicher Motors, Tata&nbsp;Motors, M&amp;M, Axis Bank and Bajaj&nbsp;Finance were the top Nifty losers.
The rupee settled 6 paise lower at 74.90 against US dollar.&nbsp;

India&rsquo;s domestic air passenger traffic plunged by more than 82% year-on-year to 21.07 lakh&nbsp;in July, as per official data.
According to the Directorate General of Civil Aviation, 1.19 crore passengers ferried by domestic airlines during July 2019.
However, on a sequential basis, the traffic grew from 19.84 lakh&nbsp;reported for June 2020.
&nbsp;
&nbsp;

Bharat Petroleum Corporation or&nbsp;BPCL&nbsp;has reported a 93% year-on-year increase in its standalone net profit for the June quarter at ₹2,076&nbsp;crore. During the corresponding period of last fiscal, the company had reported a standalone net profit of ₹1,075&nbsp;crore.
It should be noted that&nbsp;BPCL is among the host of state-run companies put on the block by the government.
The rise in profits was largely backed by a 43% fall in its total expenditure during the period under review as revenue from operations declined 41% y-o-y.
&nbsp;

Stock markets rose in the morning session on Friday led by pharma and IT stocks. Asian bourses&nbsp;were mixed while US markets ended in the red.
The Sensex&nbsp;was up 168 points at 9:25 am and the Nifty was trading near 11,348, rising 0.43%.
Sun Pharma, Wipro, UPL, L&amp;T and TCS&nbsp;were the top Nifty gainers. Whereas Eicher&nbsp;Motors, Hero Moto&nbsp;Corp, HDFC&nbsp;Life, Power Grid and Ultratech&nbsp;Cements were the top losers.

After opening the day with mild gains, equity markets slumped to end in the red on Thursday.&nbsp;
The Sensex&nbsp;closed 59 points down at 38,310 and the Nifty ended the trade almost flat at 11,300.
Sun Pharma, Eicher&nbsp;Motors, Bharti&nbsp;Airtel, HDFC&nbsp;Life and ITC were the top Nifty losers.
The rupee settled on a flat note at&nbsp;74.84 against the US dollar.

As many as 1,787 big wilful defaulters owe outstanding loans of ₹37,020&nbsp;crore&nbsp;to Punjab National Bank&nbsp;at the end of June, according to the list of wilful defaulters uploaded on the PNB website.
The list consists of wilful defaulters with outstanding of ₹25 lakh and above as of June 30.&nbsp;Leading the chart is Mehul Choksi-promoted Gitanjali Gems Ltd with an outstanding loan of ₹5,065 crore. Vijay Mallya-promoted Kingfisher Airlines has outstanding loan of ₹522&nbsp;crore.&nbsp;
Gross NPAs&nbsp;of the second largest public bank stood at ₹73,478&nbsp;crore at the end of 2019-20. While net NPAs were valued at ₹27,219 crore.

Stock markets started Thursday on a positive note following global peers. Most of the Asian markets were in the green and the US also posted sharp gain with benchmarks surging up to 2%.
At 9:20 am, the Sensex was over 100 points higher at 38,472 and the Nifty was at 11,354, up 0.41%.
Hindalco, JSW&nbsp;Steel, TCS, NTPC&nbsp;and SBI&nbsp;were leading the markets up.

Even as gold&nbsp;fell over 5% in just two sessions to ₹50,000 per 10 gram after hitting a high of ₹56,000, analysts remain highly bullish on the yellow metal as they expect the recent rally to resume soon.
Fall in the prices was mainly&nbsp;due to the profit booking as global risk sentiment improved after Russia cleared the first-ever coronavirus vaccine for use. A 10 basis points spike in the US 10-year treasury&nbsp;yields also led to some shift of investment from the bullion.
This is not the end of the road for gold and silver prices and&nbsp;the rally will resume after prices consolidate lower, analysts at&nbsp;Commerzbank&nbsp;said.
In the international market, gold fell below the $1,900 per ounce level on Wednesday as a resurgent dollar prompted investors to reassess their positions after a record-breaking price rally.
It is the right time of profit booking in Gold and Silver, however, the trend of bullions is still positive,&nbsp;Angel Broking said.
Just as gold hasn&rsquo;t&nbsp;dropped below $1,000 an ounce since 2009, notwithstanding&nbsp;a prolonged slump through most of the decade, once the current volatility has cleared it's unlikely to see the south side of $1,700 again, either, Bloomberg mentioned in its report.

Equities ended with minor losses on Wednesday, however, recovering most of their early morning fall.&nbsp;
The Sensex ended 37 points down and the Nifty closed the session at 11,308, down 0.12%.
Kotak&nbsp;Mahindra&nbsp;Bank, Cipla, Sun Pharma, Britannia and DRL were the top losers.
The rupee slipped 5 paise to close at 74.83 against the US dollar.

Mutual funds&nbsp;focussed on fixed-income securities saw a multi-fold surge in investment to ₹91,392 crore in July, with short duration funds contributing a major chunk of the infusion, data from the Association of&nbsp;Mutual Funds&nbsp;in India (Amfi) showed.
Given the current interest rate scenario, investors are largely focusing on fixed income categories having a relatively shorter duration profile.
According to the data,&nbsp;mutual funds&nbsp;that invest in fixed-income securities saw an inflow of ₹2,862 crore&nbsp;in June.

Gold October futures fell 3% or&nbsp;₹1,500 on Wednesday to&nbsp;₹50,441 per 10 gram. Silver futures tumbled 5% or&nbsp;₹5,000 per kg to&nbsp;₹61972.
In the previous session, gold prices collapsed nearly 6% or&nbsp;₹3,200 per 10 gram while silver crashed 12% or&nbsp;₹9,000 per kg.
Last week, gold prices in India had jumped over&nbsp;₹56,000 while silver had almost touched&nbsp;₹78,000.
Some analysts say that the trigger for the collapse was the news about&nbsp;Russia&rsquo;s Covid-19 vaccine&nbsp;which led to some profit-taking.

Equity markets opened lower on Wednesday following weak global cues. Metal and Pharma&nbsp;stocks led the markets down.
At 9:25 am, the Sensex was 200 points in the red at 38,207 and the Nifty was trading around 11,259, falling 0.55%.
Hindalco, Bajaj&nbsp;Finance, Cipla, UPL&nbsp;and JSW&nbsp;Steel were the top Nifty losers.

Indian equities ended Tuesday in the green with benchmarks closing at a five-month high tracking positive global cues.
The Sensex&nbsp;surged 224 points and the Nifty jumped 0.46% to end the session at 11,322.
Zee, JSW Steel, Axis Bank, BPCL and IndusInd&nbsp;Bank were the top market movers.
The rupee appreciated 12 paise to close at 74.78 against the US dollar.

IndiGo's parent company InterGlobe Aviation will raise up to ₹4,000 crore through an issue of equity shares by way of qualified institutional placement.
The aviation sector has been hit hard due to travel restrictions amid the coronavirus pandemic.
All airlines in India have taken cost-cutting measures such as pay cuts, leave without pay and firings of employees in order to conserve cash in the aftermath of the Covid-19 crisis.

Equities surged in the opening session on Tuesday with the Nifty hitting a five-month high&nbsp;tracking strong global cues. Most Asian markets were trading higher and the US markets also ended with strong gains.
At 9:20 am, the Sensex was 311 points in the green and the NSE&nbsp;Nifty was at 11,354, up 0.75%.
Hindalco, Axis Bank, JSW&nbsp;Steel, ICICI&nbsp;Bank and Zee&nbsp;were the top Nifty movers.
&nbsp;

Equity markets ended in the green on Monday following global cues.
The Sensex&nbsp;rose 140 points to end at 38,182 and the Nifty closed 0.54% higher at 11,274.
Cipla, M&amp;M, L&amp;T, Tata&nbsp;Motors and Sun Pharma were the top Nifty movers.
The rupee settled with gains of 3 paise at 74.90 against the US dollar.
&nbsp;

After a highly volatile session, stock markets ended Friday on a flat note. Even as banking and metal stocks supported the benchmarks, weak European and Asian peers continued to put pressure on investors' sentiment.
The Sensex&nbsp;ended 15 points in the green at 38,040 and the Nifty closed the day at 11,214, up 14 points.
Asian Paints, Bajaj&nbsp;Finance, UPL, Bajaj&nbsp;Finserv and IndusInd&nbsp;Bank were the top gainers. Whereas, Titan, HCL&nbsp;Tech, Infosys, Sun Pharma and M&amp;M were the top Nifty losers.
The rupee ended almost flat at 74.93 against the US dollar.

After a steep decline of over 50% in the June quarter, the India smartphone market is set for a gradual recovery in the second half as the country enters the festive season, private research firm&nbsp;IDC India said on Friday.
The online channel registered a high market share of 44.8% in June quarter but declined 39.9%&nbsp;in unit terms due to lockdown restrictions on the delivery of electronics.

Gold prices surged to a new all-time high on Friday as rising coronavirus cases and US-China tensions led to a huge&nbsp;rise in the demand for safe haven.
Gold Futures on the MCX&nbsp;touched a&nbsp;fresh&nbsp;high of ₹56,191 earlier in the session today.
Silver futures were trading at ₹76,350 per kg, after hitting a lifetime high of ₹77,949 in today's session.

US markets surged on Thursday with Nasdaq&nbsp;Composite&nbsp;index closing above 11,000 level for the first time ever, bolstered by strong gains in tech companies.
The Dow Jones rose 185 points, the S&amp;P climbed 0.64% and the Nasdaq&nbsp;advanced 1% to close at record 11,108.
The FAANG&nbsp;group or the major US tech giants, Facebook, Apple, Amazon, Netflix&nbsp;and Google, posted strong gains.&nbsp;

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NAREDCO suggests one-time roll over of realty loans

Dec 27, 2019 16:15 IST

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