Daily Stock Market News Snippets- 10 June 2022

2 min read

Markets – Global & India

  • US Markets were down by around 1.94% to 2.75%.
  • The Brent Crude Oil price is currently at $122 per barrel,
  • The US 10-Year G-Sec Yield is at 3.05% while India’s 10-Year G-Sec Yield is at 7.49%.
  • India’s Market Cap to GDP ratio currently stands at 108%.
  • Nifty PE ratio at 20.39 and Sensex PE ratio at 22.54.
  • Rupee at 77.82 per dollar while US Dollar index at 103.33.

Global Economy:

  • Global FDI back to pre-covid levels in 2021 but uncertainty looms which is at around $1.6 trillion in the calendar year 2021: UNCTAD
  • Tesla’s share of EV sales hits a 3-year low on Shanghai Lockdown.
  • European stocks, Euro slips as ECB set to join rate hike club.

Indian Economy:

  • India’s FDI rank rises to the 7th position despite falling inflows and is at $45 billion as of Calendar Year 2021: UNCTAD.
  • Current Account Deficit Likely to hit 3-year high at $43.8 billion in FY22.
  • FY23 tax collection likely to be better than budget estimate: Revenue Secretary
  • Record $14.5 billion investment in Indian Renewable Energy Sector in FY22.
  • India may slash GST on lithium-ion batteries to 5%.

Company Update:

  • Equity MFs continue to see positive momentum; Rs. 18,529 Cr. inflow was recorded in May 2022.
  • Inflows through SIP rose to Rs. 12,286 Cr. in May 2022.
  • HDFC raises retail prime lending rate on housing loans by 50 bps.
  • Cement Demand to increase, optimism in the industry, committed to a CAPEX of Rs. 9,000 Cr.: Dalmia Bharat
  • TVS Motor Company is buoyant on hopes of volume & margin.
  • Bajaj Auto to consider Share Buyback, the first such a move after 2000.
  • LIC is in focus as anchor investors’ lock-in period ends down 24% from the issue price.

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