View on Global Update By Heena Naik, Angel Broking Ltd
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Below are Views On Global Update by Heena Naik, Research Analyst - Currency, Angel Broking Ltd
Global Update
- RBI has announced open market purchase of government bonds worth Rs 20,000 crore under the G-sec Acquisition Programme (G-SAP 2.0) on July 8. This is the first round of purchases under G-SAP 2.0.
- Japan is set to extend its coronavirus quasi-state of emergency in Tokyo and three nearby prefectures a little more than two weeks ahead of the opening of the Olympic Games.
- Oil prices have surged on expectations of a tighter market as output talks of OPEC+ nations were called off but concerns that members may start to increase production capped gains.
- UK Prime Minister Boris Johnson announced to uplift all restrictive measures on July 19, including the use of masks and social distancing rules.
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
