Daily Stock Market News Snippets-20 September 2022

Markets – Global & India

• The US Markets was up by 0.64% to 0.76%
• The Brent Crude Oil price is currently at $91 per barrel.
• India’s 10-Year G-Sec Yield is at 7.28% and US’s 10-Year G-Sec Yield is at 3.49%.
• Rupee at 79.71 per dollar.

Global Economy:

• Stagflation-Free Asia leaving taper tantrums behind as currencies farewell.
• European Union seeks emergency powers to prevent a supply-chain crisis.
• The global race to hike interest rates tilts economies towards recession.

Indian Economy:

• India spending Forex Reserves at a quicker pace than during the taper tantrum
• India’s Aug Crude imports fall 13% on monthly basis on the monsoon demand lull.
• Indians optimistic on growth outlook amid high inflation: EY Study

Stock Specific News:

• RIL quietly reinvented its investment strategy to meet new goals.
• Ambuja, ACC capacity to double to 140 mtpa in the 5 years: Gautam Adani
• Paytm tokenizes over 5.2 crores cards, and says on track to meet RBI’s deadline.
• Banks dial Vedanta to fund chip plant.
• Top exits, and eroding profitability raise hackles at Wipro.
• Devyani International bets on affordable options to save the day
• Nestle, others eye stake in Yoga Bar.
• Swiggy and Zomato mulling an entry into UPI digital platform as third-party payments apps.
• India can move out of the emerging markets pack to a standalone destination: Uday Kotak
• Gold Loan NBFCs report a 12% uptick in credit demand from the Agri sector.