Daily Stock Market News Snippets- 3 June 2022

1 min read

Markets – Global & India

  • US Markets were up by around 1.33% to 2.69%.
  • The Brent Crude Oil price is currently at $118 per barrel,
  • The US 10-Year G-Sec Yield is at 2.92% while India’s 10-Year G-Sec Yield is at 7.43%.
  • India’s Market Cap to GDP ratio currently stands at 109%


  • Prices of wheat, sugar, and rice are declining after government measures said Food Secretary.
  • Exports in May up by 15.46% to $37.29 billion, trade deficit widens to $23.33 billion.
  • Digital Payments in India are projected to reach $10 Trillion by 2026 as per the report.
  • Ultratech Cement to invest Rs. 12,886 Cr. towards capacity expansion by FY25.
  • OPEC is likely to agree bigger output hike of 6,00,000 barrels per day for July.
  • India gorges on cheap Russian crude, but its fuel exports are at risk.

Sector Update:

  • Bank Credit to NBFCs increases 10% to Rs. 10.5 Lakh Cr. in FY22.
  • MF’s debt exposure to NBFCs rises 14.3% to Rs. 1.7 Lakh Cr. in March 2022.

Company Update:

  • Axis Bank Chief Economist sees repo rate at 5.75% by the end of this fiscal.
  • Fire breaks out at Deepak Nitrite’s GIDC plant.
  • India Incorporation’s profit rises 28% in the March quarter, banks contribute the most.

Leave a Reply

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