Daily Stock Market News Snippets- 27 May 2022

1 min read
Catch Up with the daily latest news of stock market and economy for 27th May 2022. Read Now!

Markets – Global & India

  • US Markets were up by around 1.61% to 2.68%.
  • The Brent Crude Oil price is currently at $114 per barrel,
  • The US 10-Year G-Sec Yield is at 2.76% while India’s 10-Year G-Sec Yield is at 7.29%.
  • India’s Market Cap to GDP ratio currently stands at 107%
  • Nifty50 PE Ratio is at 19.88 and Sensex PE is at 22.03.

Currency & Dollar Index:

  • Indian Rupee currently stands at Rs. 77.63 per dollar.
  • The dollar index is at 101.71 from the earlier 102.06


  • US Economy contracted by 1.5% in Q1, but consumers kept spending.
  • Total FPI outflows at Rs. 2 Lakh Cr. since October 2021, more than 40,000 Cr. in May 2022.
  • Moody’s slashes India’s CY22 GDP growth forecast by 30 bps to 8.8% but maintains the CY23 forecast at 5.4%

Company Update:

  • BPCL’s strategic disinvestment was called off. The government says bidders backed off with the oil/gas sector hit by the geopolitical situation.
  • Bets shift to dividend yield stocks amid market jitters.
  • Cheaper steel to delay auto price hikes, but no cut likely.
  • SJVN inks pact with Tata Power Solar System for 1,000 MW Solar Project, will invest Rs. 5,500 Cr.
  • ONGC to invest Rs. 31,000 Cr. over the next 3 years in finding oil & gas. ONGC to sell the stake seeks global oil firm’s help to develop oil fields.

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