Daily Stock Market News Snippets- 15 September 2022

Markets – Global & India

• The US Markets are up by 0.10% to 0.74%
• The Brent Crude Oil price is currently at $94 per barrel.
• India’s 10-Year G-Sec Yield is at 7.15% and US’s 10-Year G-Sec Yield is at 3.41%.
• Rupee at 79.45 per dollar.

Global Economy:

• US Wholesale Inflation declines in August to a still-high 8.7%.
• UK Inflation dips slightly in August to 9.9% amid a drop in fuel prices.
• Inflation in Germany soars to a record level of 7.9% in August.

Indian Economy:

• WPI-Based Inflation softens to an 11-month low at 12.41% in August.
• Core Inflation (non-food CPI) is more persistent than food inflation, and that’s a concern.
• Exports rise marginally in August; the trade deficit more than doubles to $28 billion.

Stock Specific News:

• EV adoption to disrupt the automobile industry in a decade says the report.
• SBI joins Rs. 5 Lakh Cr. Market cap club; stock surges 26% in the 3 months.
• Global Fund Managers “Super Bearish”; cash allocation at 20-year high: BoFA
• With a loss of Rs. 4,500 Cr., BYJU’s FY21 report card has many red marks.
• TCS becomes India’s most valuable brand in 2022, says Kantar BrandZ report.
• Reliance Retail aims to double the borrowing cap to Rs.1 Lakh Cr.
• ‘Made in India’ chips to drastically reduce prices of products including laptops: Anil Agarwal
• IT Stocks bleed mirroring NASDAQ plunge; Nifty IT Index down by 3.4%.