Daily Stock Market News Snippets- 27 October 2022

1 min read

Global Economy:

  • Top US companies like Alphabet, Microsoft, and Facebook have given gloomy results.
  • Real Wage Hike is in negative territories due to inflation: Survey
  • Brent Crude Oil is at $94 per barrel owing to production cut activities and the easing of COVID norms in China.

Indian Economy:

  • India’s CPI Inflation might fall below the 6% mark by end of FY23.
  • Bank’s Saving A/c and Fixed Deposit Account Interest are expected to rise.
  • Rising deposit rates to hurt bank profits in the coming quarters.
  • The Financial & IT sector witnessed selling pressure of FPIs in the first fortnight of October, total FPIs selling stood at Rs. 7,457 Cr.

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