Daily Stock Market News Snippets- 12 October 2022

1 min read

Global Economy:

  • World stocks head back toward two-year lows as investors’ mood sours
  • Oil prices fall more than 2% on account of the recession and China’s Covid fears
  • Fire-fighting Bank of England forced to buy inflation-linked bonds

Indian Economy:

  • IMF cuts India’s FY23 GDP forecast to 6.8%; flags global inflation crisis
  • RBI likely sold dollars, received forwards to stem rupee’s drop: Report
  • EVs, green hydrogen to soon come under priority sector lending: Report
  • Rs 13.5-trillion annual investment needed for full employment in India: Study

Stock Specific News:

  • Jio-BP to set up charging network for M&M’s upcoming e-SUVs’ launches.
  • Tata to triple Zoya stores by 2027 as India’s new rich fuel brand expansion
  • India’s e-retail market to increase to $150 bn-$170 bn by 2027: Report
  • JSW Cement to invest over Rs 3,200 crore in new plants in MP and UP
  • 5G roll out in India likely to create 45,000 jobs in next 2 quarters
  • The financial status of Indian airlines likely to remain under pressure: ICRA
  • Festival-season cheer: Packaged food and beverage companies witness a surge in sales

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