Daily Stock Market News Snippets- 14 June 2022

Markets – Global & India

• The US Markets were down by between 2.7% to 4.68%.
• The Brent Crude Oil price is currently at $122 per barrel.
• India’s Market Cap to GDP ratio currently stands at 106%.
• The US 10-Year G-Sec Yield is at 3.37% while India’s 10-Year G-Sec Yield is at 7.60%.
• Nifty PE ratio at 19.52 and Sensex PE ratio at 21.56.
• Rupee at 78.16 per dollar while US Dollar index at 105.15.

Global Economy:

• US Stocks sink again as S&P 500 enters the “bear market”.
• US Bonds flag recession risk with 75 bps hike in play.
• UK economy contracts in April as inflation weighs.

Indian Economy:

• May CPI inflation cools down to 7% from an 8-year high in April.
• RBI ahead of its curve to contain inflation; Rate hike likely to in August and October: SBI.
• The financial health of DISCOMS hurdle for the renewable energy sector: Moody’s
• EXIM Bank estimates India’s merchandise exports at $117.2 billion in Q1FY23.

Company Update:

• LIC Shares face renewed selling pressure as anchor lock-in ends, falling 4.5%.
• At $17 billion loss, LIC IPO among Top Asia Wealth losers.
• Embassy REIT distributors over Rs. 5,800 Cr. to unitholders since listing.
• Asset Quality in NBFCs, HFCs improves in Q4FY22 on lower slippages: ICRA.
• Bajaj Finance raises deposit rates to 20 bps on various tenors.
• Indian Stock Mart has a silver lining amid global meltdown: Nithin Kamath.
• Airtel Xtream tops the 2 million paid users mark, to focus on a regional content plan.