Daily Stock Market News Snippets- 26 May 2022

1 min read
Catch Up with the daily latest news of stock market and economy for 26th May 2022. Read Now!

Markets – Global & India

  • US Markets were up by around 0.60% to 1.51%.
  • The Brent Crude Oil price is currently at $111 per barrel,
  • The US 10-Year G-Sec Yield is at 2.75% while India’s 10-Year G-Sec Yield is at 7.30%.
  • India’s Market Cap to GDP ratio currently stands at 106%
  • Nifty50 PE Ratio is at 19.74 and Sensex PE is at 21.85.

Currency & Dollar Index:

  • Indian Rupee currently stands at Rs. 77.50 per dollar.
  • The dollar index is at 102.06 from the earlier 101.76


  • Oil prices edge higher on tight supply and expected demand uplift.
  • Credit Suisse says the market to bottom out soon as double-digit earnings growth is expected over the next few years.
  • Advanced Economies to be back on track by 2024 said Gita Gopinath.

Sector Update:

  • Nomura sees tough days ahead for IT Sector on challenging macro factors.
  • Retail majors go big on new store openings. Around 3,206 outlets were added in the last fiscal (FY22) by Top-9 Retailer companies.

Company Update:

  • Tata Power to expand its clean energy by 5 times in the next 5 years from the current level of 5GW to 25 GW.
  • Government approves the sale of the entire remaining stake of 29.54% in Hindustan Zinc.
  • Asian Paints, Berger Paints slips by around 6% after Grasim double CAPEX plans.
  • ReNew Power plans Rs. 1 Lakh Cr. investment in Maharashtra & Karnataka.

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