Daily Stock Market News Snippets-1 November 2022

2 min read

Global Economy:

  • Inflation hits a new record high of 10.7% in Europe, slowing economy
  • India continues with Russian oil buys, cuts shipments from Saudi
  • Fed set to deliver another big rate hike, debate December downshift
  • OPEC+ raises long-term oil demand view, calls for $12.1 trillion investment
  • Saudi Arabia’s GDP grows 8.6% in the third quarter
  • Gold prices set for seventh monthly fall as dollar and yields weigh

Indian Economy:

  • April-Sept fiscal deficit at 37% of FY23 target, net tax receipts Rs 10 trillion
  • Core sector output sees rebound, grows by 7.9% in Sept against 5.4% YoY
  • Retail inflation for industrial workers rises to 6.49% in Sept: Govt data
  • Rupee weakens as Asian currencies brace for Federal Reserve rate hike
  • Investment via participatory notes rises to Rs 87,813 crore in September
  • SEBI Issues Guidelines To Standardise Credit Rating Agencies’ Rating Scales

Stock/Sector-Specific News:

  • Larsen & Toubro Q2 PAT jumps 26% to Rs 2,819 cr on higher revenue from operations
  • Bharti Airtel Q2 net profit jumps 89% to Rs 2,145 crore; revenue up 22%
  • Walmart India FY22 loss widens to Rs 299 cr; revenue up 7% to Rs 5,350 cr
  • DCX Systems’ public issue kicks off for subscription on Monday; gets fully subscribed on Day 1
  • ITC cooks up a storm, sets up 12 cloud kitchens and 48 brand outlets
  • LIC picks over 2% additional stake in Capri Global for Rs. 257 Cr.
  • LTTS opens campus in Mysuru; to hire 1,000 engineers in 2 years
  • Tata Steel Q2 net profit plunges 90% to Rs 1,297 crore on higher expenses.
  • Equitas Small Finance Bank Q2 Result: Net Profit rises nearly threefold to Rs. 116 Cr.

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