Daily Stock Market News Snippets- 12 July 2022

2 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.

Global Economy:

  • 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.

Indian Economy:

  • 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.

Company Update:

  • 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.

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