Daily Stock Market News Snippets- 29 September 2022

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.