Daily Stock Market News Snippets- 18 October 2022

1 min read

Markets – Global & India

  • The US Markets were up by 1.86% to 3.43%
  • The Brent Crude Oil price is currently at $91 per barrel.
  • India’s 10-Year G-Sec Yield is at 7.41% and US’s 10-Year G-Sec Yield is at 3.99%.
  • Rupee at 82.17 per dollar.

Global Economy:

  • Goldman Sachs sees deeper UK recession after tax U-Turn.
  • Oil prices steady as recession fears counter positive Chinese Signals.
  • Chinese Government delays GDP data release due to Tuesday, no reason given.

Indian Economy:

  • Headline inflation might have peaked in September: RBI Report
  • 66% of CEOs in India expect a recession in 2023; layoffs are on the cards.
  • Solar Manufacturing PLI to create 90GW additional capacity in India: R K Singh

Stock Specific News:

  • PVR back in Red, post Rs. 71 Cr. loss in Q2 amid Bollywood flop show.
  • Big ticket items driving growth in consumer durables this festive season.
  • ACC logs surprise net loss of Rs. 87 Cr. on high fuel and power costs.
  • Indian IT Companies cut hiring amid the US, Europe recession fears: Report
  • Britain in talks with British Steel & Tata to secure Industry’s future.
  • BPCL and HPCL hit 52-week lows on concerns of large losses in Q2FY23.
  • Bond yields ease as MPC minutes hint at slower interest rate hikes.
  • Pidilite may enter Nifty 50 once HDFC gets taken off after the merger.
  • Merger overhand to delay HDFC Bank’s re-rating cautions Analysts.
  • Flexicap, Multicap schemes maintain large-cap skew amid global uncertainty.

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