Daily Stock Market News Snippets- 14 September 2022

Markets – Global & India

• The US Markets down up by 3.94% to 5.16%
• The Brent Crude Oil price is currently at $93 per barrel.
• India’s 10-Year G-Sec Yield is at 7.11% and US’s 10-Year G-Sec Yield is at 3.42%.
• Rupee at 79.60 per dollar.

Global Economy:

• US Consumer Inflation unexpectedly rose in August to 8.3%.
• Fed is expected to stick to aggressive rate hikes as inflation stays hot.
• UK unemployment hits lowest since 1974 almost at a 50-year low at 3.6%

Indian Economy:

• Global Bond Index providers reach out to India amid geopolitical shifts; foreign investors snap up Indian binds set for inclusion.
• India could grow at about 7% annually this decade: CEA Anantha Nageswaran
• India’s Job market outlook is strong for Oct-Dec as 54% of companies plan to hire.

Stock Specific News:

• Vedanta, Foxconn to invest $19.5 billion for Chip project in Gujarat.
• Vedanta-Foxconn sees Gujarat Semiconductor plant reaching break-even in 5 years.
• Size of Indian Dairy Market to jump over 2 fold to Rs. 30 Lakh Cr. by 2027:NDDB
• Consumption trend signal strong FY23 for mall operator Phoenix Mills.
• “No Double Lives”: Infosys email warns employees against moonlighting.
• SEBI wants more safeguards for F&O trades to shield small investors.
• Retail sales in malls set to touch $39 billion by FY28: Report
• Abrdn sells a 2% stake in HDFC Life at Rs. 574 a share.