Daily Stock Market News Snippets- 17 May 2022

2 min read

Markets – Global & India

  • The US Markets were flat to negative on Monday.
  • The Brent Crude Oil price is currently at $114 per barrel,
  • The US 10-Year G-Sec Yield is at 2.88% while India’s 10-Year G-Sec Yield is at 7.32%.
  • India’s Market Cap to GDP ratio currently stands at 103%
  • Nifty50 PE Ratio is at 19.72 and Sensex PE is at 21.54.

Currency & Dollar Index:

  • Indian Rupee again hit the all-time low of Rs. 77.82 per dollar.
  • The dollar index is at 104.25 from the earlier 104.47.


  • Oil prices rise on China’s Demand recovery
  • Wheat prices hit a record high in Europe after India bans the export of Wheat.
  • RBI’s move to raise rates, good monsoon will help contain inflation: CII President Sanjiv Bajaj


  • LIC IPO will get listed today. Grey Market Premium (GMP) suggests a discount of Rs. 30.

Merger & Acquisitions:

  • As per Experts, the Adani-Holcim deal may trigger consolidation in Cement Industry.
  • HDFC, HDFC Life insurance acquires a stake in Xanadu Realty (A Real Estate Business Accelerator Firm)
  • Mamaearth Parent HCPL Acquires majority stake in skincare brand Dr.Sheth’s
  • Adani Group to buy 49% in Raghav Bahl-run Quint, a Digital Business New Platform

Company Update:

  • After a $10.5 billion deal, Adani makes an open offer for Ambuja & ACC stake.
  • Reliance Retail plans big beauty & cosmetics foray from Top to Bottom
  • L&T aims to go to zero debt by end of FY23, selling off two non-core businesses: CEO
  • Infosys rolls out large pay hikes and retention bonuses. Around a 12%-13% hike in August is expected.
  • Startup layoffs may worsen as Investor pressure mounts.
  • Adani Group’s Gross Debt is at an all-time high level of Rs. 2.2 Lakh Cr. while the Interest Coverage Ratio of the group is at 2.5-2.6.

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