Daily Stock Market News Snippets- 17 August 2022

1 min read

Markets – Global & India

  • The US Markets remained mixed (-0.19% to 0.71%)
  • The Brent Crude Oil price is currently at $92 per barrel.
  • India’s 10-Year G-Sec Yield is at 7.29% and US 10-Year G-Sec Yield is at 2.82%.
  • Rupee at 79.17 per dollar.

Global Economy:

  • Oil prices fall below $94 a barrel, await news of Iran nuclear deal
  • Fed faces balance sheet dilemma as US economy slows
  • Global stocks steady, US Treasury Yields rise as recession worries persist

Indian Economy:

  • India’s July WPI inflation eases to 13.93% as food, and fuel prices decline
  • Companies in India expected to give 10% salary hike in 2023, highest in APAC: Report
  • Average Housing prices rise 5% in Apr-June across 8 cities: Report

Company Update:

  • India buys discounted Venezuelan petcoke to replace coal
  • Paytm & Samsung collaborate to deploy Smart PoS devices across India
  • BSE Auto Index surges 39% from March lows on the robust growth momentum
  • Investors await stability on D-Street to resume the IPO party
  • UTI AMC’s shares soar 15% on reports of Tata AMC eyeing a 45% stake
  • SBI launches the first branch dedicated to start-ups
  • MSCI India defies the EM trend with a 20-month winning streak
  • Mahanagar Gas cuts PNG and CNG prices on higher supply from govt

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