Daily Stock Market News Snippets- 27 June 2022

2 min read

Markets – Global & India

  • The US market was up by around 2.68% to 3.34%.
  • The Brent Crude Oil price is currently at $107 per barrel.
  • India’s Market Cap to GDP ratio currently stands at 102%.
  • The US 10-Year G-Sec Yield is at 3.13% while India’s 10-Year G-Sec Yield is at 7.44%.
  • The rupee is 78.25 per dollar.

Global Economy:

  • Recession is challenging Inflation as the top fear among stock and bond investors.
  • US aims to raise $200 billion as part of the G7 rival to China’s Belt and Road.
  • Banking Body “Bank for International Settlements” (BIS) urges a decisive wave of global rate hikes to stem inflation.
  • US, UK, Japan, and Canada to ban Russia Gold Imports amid Ukraine War.

Indian Economy:

  • India Inflation is likely to exceed the top of RBI Band until December said, Governor Shaktikanta Das.
  • Indian Economy may touch $30 Trillion in the next 30 years said, Piyush Goyal.
  • FPIs exodus continues; pulls out Rs. 46,000 Cr. from Indian Equities in June 2022.

Company Update:

  • Tata Power Renewables commissions a 120 MW Solar Project in Gujarat.
  • Adani Group firm Kutch Copper raises Rs, 6,071 Cr. for 1 mn tonne unit.
  • As per the report, 28% GST is likely on Casinos, Online Gaming, and Horse Racing.
  • FMCG firms’ margins may face pressure next quarter as commodity prices rise.
  • RIL is in talks to raise $8 billion for the Boots deal.
  • Board of Canara Bank approves Capital Raising up to Rs. 9,000 Cr. in FY23.
  • Net Profit of Manufacturing Companies surged by 50.2% in FY22 said RBI.
  • Tata Chemicals Europe opens UK’s largest Carbon Capture Plant.

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