Daily Stock Market News Snippets- 23 September 2022

1 min read

Markets – Global & India

  • The US Markets were down by 0.35% to 1.37%
  • The Brent Crude Oil price is currently at $90 per barrel.
  • India’s 10-Year G-Sec Yield is at 7.35% and US’s 10-Year G-Sec Yield is at 3.71%.
  • Rupee at 81.06 per dollar.

Global Economy:

  • Dollar hits new 24-year peak to Yen as Bank of Japan stays Dovish.
  • Bank of England unveils 50 bps rate hike to 2.25%.
  • Swiss National Bank ends Europe’s sub-zero rate era with a 75 bps hike.

Indian Economy:

  • Rupee hits new low against Dollar as Asian peers tumble on Fed Rate view.
  • India and US-10 Year G-Sec yield spread lowest in 12 years.
  • India plans to set up strategic gas reserves amid the global energy crisis.

Stock Specific News:

  • SBI is least efficient in Asia-Pacific due to the high cost-to-income ratio: Study
  • LIC hits the lowest level since listing; down 32% from the issue price.
  • M&M is in talks to raise up to $500 million for the EV push.
  • Infosys hits 52-week low, slips 14% in one month amid growth worries.
  • Whirlpool India expects the washing machine market to see double-digit growth.
  • World’s second biggest fortune fails to halt rout in bonds of Adani firms.
  • Swiggy and Zomato make it to the Top 100 global online food delivery firms.
  • Agrochemical firms may face headwinds due to extreme weather conditions.
  • TCS asks employees to work in an office for at least 3 days a week.

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