Daily Stock Market News Snippets- 26 September 2022

1 min read

Markets – Global & India

  • The US Markets were down by 1.62% to 1.80%
  • The Brent Crude Oil price is currently at $85 per barrel.
  • India’s 10-Year G-Sec Yield is at 7.39% and US’s 10-Year G-Sec Yield is at 3.74%.
  • Rupee at 81.26 per dollar.

Global Economy:

  • There is a 52% chance that the US could enter into recession over the next 12 months.
  • US Economy may be entering new normal after the pandemic, says Jerome Powell.
  • Oil plunges to 8-months low on strong dollar, looming recession fears.

Indian Economy:

  • Weakening rupee to make import of crude oil, and commodities expensive.
  • India’s gold demand may cross China’s: World Gold Council’s John Reade
  • Tax Collections to continue the rising trend in coming months, say experts

Stock Specific News:

  • FPIs pump in Rs. 8,600 cr. in September in equities, and the pace of investment slows.
  • MFs add 7 million accounts in 5 months of FY23 as awareness and digital access rise.
  • India on track to attract $100 billion FDI this fiscal on the back of reforms: Government
  • Nestle to invest Rs. 5,000 Cr. in India by 2025: CEO Mark Schneider
  • Defence exports up 334% in the last 5 years, now exporting to 75 nations.
  • JioMart morphs into an e-marketplace to take on Amazon & Flipkart. Onboarding additional sellers across the categories
  • IPO-bound boat parent to scale up local manufacturing for global expansion.
  • Rising dollar and bond yields are scaring FIIS away from India.
  • High NPAs in the education loan segment turn banks cautions, says PSB official

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