Daily Stock Market News Snippets- 28 September 2022

1 min read

Markets – Global & India

  • The US Markets were down by 0.25% to 0.43%
  • The Brent Crude Oil price is currently at $84 per barrel.
  • India’s 10-Year G-Sec Yield is at 7.34% and US’s 10-Year G-Sec Yield is at 3.95%.
  • Rupee at 81.72 per dollar.

Global Economy:

  • World Bank downgrades growth for East Asia and the Pacific to 3.2% in 2022.
  • Germany urges citizens to avoid Christmas lights because of the energy crisis.
  • UK markets have lost $500 billion since Liz Truss took over as PM.

Indian Economy:

  • Government bonds inclusion into JP Morgan index pushed to next year: Report
  • Even at $100 billion, FDI may not be sufficient to finance ballooning CAD.
  • Net Direct Tax mop up rises 23% to Rs. 7.04 Lakh crore so far this fiscal.

Stock Specific News:

  • LIC buys over a 2% stake in BPCL for nearly Rs. 1,598 Cr.
  • BigBasket to raise $200 million at a valuation of $3.5 billion: Report
  • Adani Group to invest $100 billion in a decade; focus on energy transition.
  • Reliance Retail launches lifestyle departmental store format Centro
  • Falling raw material costs to aid margin expansion for Asian Paints.
  • Birla Corp to invest $1 billion over 8 years, raising capacity to 30 million tonnes.
  • HDFC Bank launches festive scheme; home, personal, auto loans included.
  • Top AMCs see a share of less-profitable passive schemes double in 3 years.
  • Axis Bank to buy nearly 10% stake in Go Digit Life Insurance.

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