Month: September 2020

India doing better than many developed nations against Covid: Harsh Vardhan

India doing better than many developed nations against Covid: Harsh Vardhan

September 30, 2020

By Administrator_ India Capital Sands India is faring better than many developed nations in all parameters of COVID-19, Union Health Minister Harsh Vardhan said on Tuesday as he highlighted the “continuously rising” recovery rate and “progressively falling” fatality rate in the country. This is the result of combined efforts of all the organisations and citizens of the […]

Read More
Oil Mixed, API Reports Surprise Draw in U.S. Crude Oil Supplies

Oil market: Muddle of contradictions as traders size up prospects for 2020

September 29, 2020

By Administrator_ India Capital sands China’s oil stockpiles are near a record despite the return of traffic jams and rising industrial activity. America’s inventories are slumping even though people don’t seem to be driving much. The Organization of the Petroleum Exporting Countries (Opec) and allied producers are still withholding millions of barrels from the global […]

Read More
Gold Up, But Set to Wrap Up Worst Week in Two Months

Gold price today: Yellow metal trades weak; support seen at Rs 48,800

September 28, 2020

By Administrator_ India Capital Sands India Gold October Futures fell on September 28 following a muted trend seen in the international spot prices. Experts feel that the weakness is likely to continue for the precious metals, but Gold may find support near Rs 48,800-48,500 levels while resistance is seen near Rs 50,000 levels. On the Multi-Commodity Exchange […]

Read More
Markets in 'deep hole' as growth fears escalate; Sensex falls 1,115 points

Markets in ‘deep hole’ as growth fears escalate; Sensex falls 1,115 points

September 25, 2020

By Administrator_ India Capital Sands The BSE Sensex posted its biggest single-day fall in four months after investor sentiment turned sour on the Federal Reserve’s dire assessment of the US economy and rising Covid-19 infections forcing many countries to re-enforce restrictions. The Sensex plunged 1,115 points, or 3 per cent, to end at 36,554, its lowest close […]

Read More
Govt places second purchase order with SII for 1 crore doses of Covishield

Johnson & Johnson to test single-shot coronavirus vaccine on 60,000 people in phase-3 trials

September 24, 2020

By Administrator_ India Capital Sands Pharmaceutical giant Johnson & Johnson (J&J) has begun the phase-three trials of its single-shot coronavirus vaccine candidate, the company announced on September 23. The fourth experimental vaccine to enter the last stage of trials in the United States will recruit up to 60,000 adult volunteers in the US and other countries […]

Read More
Oil Mixed, API Reports Surprise Draw in U.S. Crude Oil Supplies

Oil Inventories Rose by 691,000 Barrels Last Week: API

September 23, 2020

By Administrator_ India Capital Sands U.S. oil stockpiles rose last week, renewing worries that the recovery in demand is under threat at a time when the second wave of Covid-19 is gathering steam. U.S. crude inventories rose by 691,000 barrels last week, according to an estimate released Tuesday by the American Petroleum Institute, after a draw of […]

Read More

Gold Up Ahead of Fed Policy Decision

September 16, 2020

By Administrator_India Capital Sands The dollar rose during the previous session after a recent weak spell, buoyed by expectations that today’s Federal Reserve meeting will pursue a policy of keeping interest rates low and controlling inflation. The greenback’s fall on Wednesday helped gold pull back some of its lost territory. Other actors influencing the precious metal’s price include […]

Read More
Dollar Recovery Over, but Fed Could Spark Second Wave of Strength

Dollar Down, Gives up Earlier Gains as Volatility Remains

September 11, 2020

By Administrator_India Capital Sands The U.S. Dollar Index that tracks the greenback against a basket of other currencies edged down 0.10% to 93.295 by 9:40 PM ET (2:40 AM GMT). The euro also seesawed, initially rising over comments made by ECB President Christine Lagarde emphasized that the bank does not target exchange rates. But Lagarde’s comments […]

Read More

Delhi Metro resumes operations on Blue and Pink lines from September 9

September 9, 2020

By Administrator_India Capital Sands The services on these lines were suspended 171 days ago due to the coronavirus COVID-19 pandemic and the subsequent lockdown imposed by Prime Minister Narendra Modi to curb the spread of the deadly virus in India. Three days after resuming services on the Yellow Line, the Delhi Metro resumed services on […]

Read More

India successfully tests hypersonic technology demonstration vehicle

September 8, 2020

By Administrator_India Capital Sands Any contemporary list of cutting-edge military technologies has hypersonic, air-breathing, scramjet vehicles close to the very top. Only three countries — Russia, USA and China — have flown a vehicle in the atmosphere at a hypersonic speed: Six times the speed of sound (Mach 6), or 2 kilometres (km) per second. […]

Read More