Daily Stock Market News Snippets- 12 September 2022

1 min read

Markets – Global & India

  • The US Markets were up by 1.19% to 2.11%
  • The Brent Crude Oil price is currently at $92 per barrel.
  • India’s 10-Year G-Sec Yield is at 7.17% and US’s 10-Year G-Sec Yield is at 3.32%.
  • Rupee at 79.66 per dollar.

Global Economy:

  • Fed’s Christopher Waller: Need aggressive rate hikes now while the economy can take a hit.
  • Ukraine War, inflation affecting tourism industry: UNWTO Secretary General
  • 2023 may be worse than 2022 for the global economy: IMF Chief

Indian Economy:

  • Oil prices are at a 7-month low but no change in petrol, and diesel prices in India.
  • India’s merchandise exports rise over 11% to $114 billion in July-September.
  • India’s export could be shadowed by global factors: EXIM Bank

Stock Specific News:

  • Expect the CV Industry to grow in double digits this fiscal: Tata Motors ED.
  • Ambuja Cements, ACC receive a lukewarm response from public shareholders.
  • Mahindra lines up new products and firms up investments for an electric future.
  • The appliances industry expects up to 35% growth in sales during the festive season.
  • FPIs infuse Rs. 5,600 Cr. In Indian Equities in September so far.
  • Banks: Growth & Asset quality improving, and margins can play a spoilsport.
  • We plan to continue our accelerated store expansion programme: Trent Chairman Noel Tata
  • FMCG bounces back in August on the back of festival demand.
  • Adani Realty is in merger talks with DB Realty.

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