Daily Stock Market News Snippets- 12 July 20222 min read
Markets – Global & India
- The US Markets were down by 0.52% to 2.26%.
- The Brent Crude Oil price is currently at $106 per barrel.
- India’s Market Cap to GDP ratio currently stands at 107%.
- India’s 10-Year G-Sec Yield is at 7.43% and US 10-Year G-Sec Yield is at 2.98%.
- Rupee at 79.44 per dollar.
- Russia’s share of India’s June Oil Imports surges to a record 9,50,000 bpd.
- China’s stimulus is unlikely to reverse the route in the global metals market.
- Euro flirts with parity as the Russian gas link enters planned shutdown.
- RBI forms arrangements for settling trade payments in Rupee.
- June fuel consumption rises 17.9% YoY as demand hits pre-pandemic levels.
- Centre likely to remove 10% shareholding cap for individuals in PSBs.
- Credit growth is expected to improve aided by Government’s push on public spending.
- Coal India’s CAPEX rises 65% to Rs. 3,034 Cr. in the June Quarter of FY23.
- L&T Construction bags orders to build data centres in Mumbai, Navi Mumbai.
- Loan disbursements for Paytm up nine-fold to over Rs. 5,500 Cr.
- Unacademy’s lessons on frugality: Pay cut for founders, no business class travels.
- Murugappa Group to enter EV business, launch 3-wheelers by September 2022.
- IOC, BPCL, and HPCL may post Rs. 10,700 Cr. combined loss in Q1 as per the report.
- New accounts opened via SIPs slacken in June, and discontinuity increases.
- NBFCs, HFCs securitization volume doubled to Rs. 33,000 Cr. in April-June as per the report.
- Centre should privatise all public sector banks except SBI said the National Council of Applied Economic Research.