Daily Stock Market News Snippets- 22 August 2022

2 min read

Markets – Global & India

  • The US Markets were down by around 0.86% to 2.01%
  • The Brent Crude Oil price is currently at $95 per barrel.
  • India’s 10-Year G-Sec Yield is at 7.26% and US 10-Year G-Sec Yield is at 2.9%.
  • Rupee at 79.92 per dollar.

Global Economy:

  • Russia is China’s top oil supplier for the third month in July.
  • China’s July Russian Coal imports hit a 5-year high as the west shuns Moscow.
  • Germany leads as Europe slides towards recession amid supply shortages.

Indian Economy:

  • Lesser rate hikes will be needed if CPI falls below forecasts said, Ashima Goyal.
  • Indians remitted $6 billion in Q1FY23 under the LRS scheme: RBI data.
  • EPFO witnessed a 43% YoY rise in net subscribers, adding 18.3 lakh in June.

Company Update:

  • L&T to work across the green energy value chain; to pump in $2.5 billion in the next 3-4 years.
  • Adani Group gets approval for a $9.8 billion open offer for Ambuja, ACC; to launch an open offer on 26th August.
  • CAMS promoter entity pares 3.79% stake for Rs. 428 Cr.
  • FPIs pump in Rs. 44,500 Cr. into Indian equities in three weeks of August.
  • Vijay Shekhar Sharma to continue as MD & CEO of Paytm for another 5 years.
  • PharmEasy calls off its public offer; to go for rights issues instead.
  • IRCTC moves to monetize passenger data; floats under tender to hire a consultant.
  • Mutual Funds cut energy, IT bets in July; bought financial stocks.
  • 2022 housing sales to breach pre-covid levels despite rate hikes as per the report.

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