Daily Stock Market News Snippets- 29 June 2022

2 min read

Markets – Global & India

  • The US market was down by around 1.56% to 2.98%.
  • The Brent Crude Oil price is currently at $114 per barrel.
  • India’s Market Cap to GDP ratio currently stands at 103%.
  • The US 10-Year G-Sec Yield is at 3.18% while India’s 10-Year G-Sec Yield is at 7.47%.
  • The rupee is 79.07 per dollar.

Global Economy:

  • France cuts Growth Forecast as Ukraine War spurs inflation to surge.
  • Crude Oil rises as physical markets signal growing supply concerns.
  • G7 looks for ways to punish Russia while taking on China.

Indian Economy:

  • GST council tilts towards rate hikes and drops exemptions for many items.
  • As the rising Current Account Deficit (CAD) starts pinching the centre starts scrutinizing imports.
  • India defies the global slump with a record $82 billion deal-making spree in Q2CY22.
  • State market borrowings were down 23.7% YoY in Q1FY23 on strong cash flows.

Company Update:

  • Akash Ambani takes up the reins of Jio Infocomm as part of a succession plan.
  • We will stay the course in the out strong expansion of Tata Steel: N Chandra
  • Walgreens defers Boots UK sale; Reliance to look for other opportunities.
  • Zomato loses $1.1 billion in market value in just 2 days.
  • The share of CASA in total bank deposits rose to 44.8% in March 2022 as per RBI data.
  • Tata Motors to increase prices of Commercial Vehicles by 1.5% to 2.5%.
  • HDFC Life 22nd AGM: Optimising about the resilience of Indian Economy says, Deepak Parekh.
  • Stiff regulations and high taxes might have an impact on Gaming Industry.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.