Daily Stock Market News Snippets- 24 May 2022

1 min read
Here are the Top Stock Market News Snippets of 24th May 2022

Markets – Global & India

  • US Markets were up by 1.59% to 1.98%.
  • The Brent Crude Oil price is currently at $109 per barrel,
  • The US 10-Year G-Sec Yield is at 2.84% while India’s 10-Year G-Sec Yield is at 7.38%.
  • 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. 77.53 per dollar.
  • The dollar index is at 102.15 from the earlier 102.96


  • European Central Bank plans to end negative rates as inflation soars.
  • Automakers benefit from softening steel prices, and duty cuts on fuel.
  • Export duty levy may force steel companies to review CAPEX plans.
  • Credit Card spending jumps 48% to top Rs. 1 Lakh Cr. in March 2022
  • RBI Governor in a press meeting hinted at the more hikes coming.

Company Update:

  • Tata Motors, Tata Power to install 7 MWP solar rooftop expansion project in Pune.
  • Indian Hotels launches a program called ‘Ahvaan 2025’. It is to re-engineer its margin, re-image brandscape, and restructure its portfolio.
  • Zomato Q4 Results: Net Loss of the company stands at Rs. 360 Cr. while revenue spikes by 75%.
  • Jio, Airtel in position to buy Pan-India 5G spectrum, uncertainty on Vi bid.
  • Tata Sons is likely to earn a record Rs. 27,797 Cr. from its listed firms via Dividend and Share Buybacks.

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