Daily Stock Market News Snippets- 23 May 2022

1 min read
Here are the Top Stock Market News Snippets of 23rd May 2022

Markets – Global & India

  • The Brent Crude Oil price is currently at $110 per barrel,
  • The US 10-Year G-Sec Yield is at 2.80% while India’s 10-Year G-Sec Yield is at 7.35%.
  • India’s Market Cap to GDP ratio currently stands at 107%
  • Nifty50 PE Ratio is at 20.05 and Sensex PE is at 22.19.

Currency & Dollar Index:

  • Indian Rupee currently stands at Rs. 77.82 per dollar.
  • The dollar index is at 102.96 from the earlier 103.55


  • Central slashes excise duty on petrol, and diesel to curb inflation.
  • Centre slaps export duty on steel, and materials to cool prices.
  • India mulls $13 billion extra borrowing to offset fuel-tax cut.
  • As per Sources, India considering spending an additional $26 billion to fight inflation.
  • RBI’s Government Transfer falls sharply to Rs. 30,307 Cr.
  • Apple eyes India output bump as China virus curbs force iPhone maker to look elsewhere.
  • Mutual Funds collect Rs. 1.08 Lakh Cr. via 176 NFOs in FY22

Company Update:

  • L&T plans to exit the road, power concessions, and incubate digital business.
  • Tata Motors expects PV Industry to surpass FY19 volumes (34 Lakhs) this fiscal.
  • Infosys extends Chief Executive Salil Parkeh’s term by 5 years.

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