Daily Stock Market News Snippets 1 June 2022

1 min read

Markets – Global & India

  • US Markets were down by around -0.41% to -0.67%.
  • The Brent Crude Oil price is currently at $116 per barrel,
  • The US 10-Year G-Sec Yield is at 2.87% while India’s 10-Year G-Sec Yield is at 7.41%.
  • India’s Market Cap to GDP ratio currently stands at 109%
  • Nifty50 PE Ratio is at 20.44 and Sensex PE is at 22.53.

Currency & Dollar Index:

  • Indian Rupee currently stands at Rs. 77.60 per dollar.
  • The dollar index is at 101.81 from the earlier 101.70.

Economy- Global & India:

  • India’s Q4 GDP grows at 4.1% and expands by 8.7% in FY22.
  • IMD raises the 2022 monsoon forecast to 103%.
  • India’s fiscal deficit improves to 6.7% in FY22 on higher tax mop-up.
  • India’s textile exports were highest-ever in FY22 at $44.4 billion.
  • Eurozone inflation hits a record 8.1% amid rising energy costs.
  • Russian Oil ban, China reboot risk driving fresh inflation boost.
  • Putin needs help from China and India on Oil.
  • Credit Offtake remains robust in April across sectors.

Company Update:

  • Determination of LICs embedded value likely to be completed by June 30, says MD of LIC
  • ITC Infotech eyes $500 million in revenue over 5 years from the new business unit.
  • LIC booked Rs. 42,000 Cr. profit from equity markets in FY22 up by 16% YoY.

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