Daily Stock Market News Snippets-25 July 2022

1 min read

Markets – Global & India

  • The US Markets were down by 0.43% to 1.87%.
  • The Brent Crude Oil price is currently at $98 per barrel.
  • India’s 10-Year G-Sec Yield is at 7.41% and US 10-Year G-Sec Yield is at 2.78%.

Global Economy:

  • Ukraine-Russia sign deal to reopen grain exports as war rages on.
  • Federal Reserve may go easy after a 75 basis points rate hike next week.
  • Credit-Suisse considers a fresh round of job cuts as losses mount as per the report.

Indian Economy:

  • India’s foreign exchange reserves drop $7.5 billion to $572.7 billion.
  • Government plans to set up a $5 billion fund to fast-track electric mobility.

Company Update:

  • Tata Motor bags order of 1,500 Electric Buses from Delhi Transport Corporation.
  • Reliance Industries Q1 Net Profit surges 46% YoY to Rs. 17,955 Cr., revenue jumps 57%. Reliance Retail net profit rises 114.2% to Rs. 2,061 Cr. in the June quarter. Tariff hike boost helps Reliance Jio log a 24% jump in Net Profit.
  • Infosys disappoints on profit, ups FY23 revenue growth guidance to 14%-16%.
  • ICICI Securities June quarter results rained on by overcast broking business.
  • Big FMCG companies enter the plant-based meat segment and target non-veg consumers.
  • 5G Sale starts on Tuesday (25th July 2022), no aggression bids are expected.
  • Private lenders’ profits slide sequentially in Q1 on the bond rally.
  • Kotak’s succession plan is to start this year.
  • FPIs return to the Indian Equity Market; invest Rs. 1,100 Cr. in July.
  • Initial Q1 performances to support the recovery in the markets.

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