Daily Stock Market News Snippets- 14 September 2022

1 min read

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.

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