Daily Stock Market News Snippets- 29 September 2022

1 min read

Markets – Global & India

  • The US Markets were up by 1.88% to 02.05%
  • The Brent Crude Oil price is currently at $88 per barrel.
  • India’s 10-Year G-Sec Yield is at 7.39% and US’s 10-Year G-Sec Yield is at 3.77%.
  • Rupee at 81.49 per dollar.

Global Economy:

  • Bank of England intervenes in the UK Bond market to stem the rout.
  • Bank of England to start unlimited bond purchases to stabilize the market.
  • NATO calls Nord Stream leaks an act of sabotage.

Indian Economy:

  • Household savings in India dip to the lowest in 5 years as inflation persists.
  • India Forex Reserves set to shrink further stir memories of 2008 crisis: Poll
  • 5-G adoption readiness in India is twice that of the UK and the US: Report

Stock Specific News:

  • Dabur makes an entry into Rs. 5,600 Cr. premium tea market with Vedic Tea.
  • Krsnaa Diagnostics enters the B2C segment with a chain of 600 diagnostic centres.
  • Board of 2 Tata Motors finance companies to consider merger next week.
  • Tata Motors lines up electric models; drives in Tiago EV at Rs. 8.49 lakh.
  • Ambuja Cements pledges a 50% share in ACC as collateral for loans.
  • The world’s biggest air-conditioners maker Daikin doubles down on India
  • Asian Paints gains 3% hits 8-month high on hopes of margin improvement.
  • HPCL-Mittal Energy to start a 1,00,000- tpy bio-ethanol plant in 2023.

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