Daily Stock Market News Snippets- 3 October 2022

1 min read

Markets – Global & India

  • The US Markets were down by 1.55% to 3.36%
  • The Brent Crude Oil price is currently at $95 per barrel.
  • India’s 10-Year G-Sec Yield is at 7.40% and US’s 10-Year G-Sec Yield is at 4.11%.
  • Rupee at 82.91 per dollar.

Global Economy:

  • Federal Reserve raises interest rate by 0.75% for the fourth time.
  • Powell signals terminal interest rate will be higher than expected.
  • Asia Pacific region faces risks from financial tightening: IMF

Indian Economy:

  • PSU Oil companies losing a net Rs. 4 litre on diesel: Hardeep Singh Puri
  • Will realize $1 trillion digital economy goal in the next 5-7 years: Rajeev Chandrasekhar
  • Treasury Yields at multi-year high on near-term liquidity fears.

Stock Specific News:

  • Within a month, Bharti Airtel crosses the 10 Lakh 5G Subscribers mark.
  • LIC Housing Finance stock comes under pressure on weak Q2 results.
  • Adani Transmission’s net profit falls 32% to Rs. 194 Cr. in the September quarter.
  • AirAsia exits AirAsia India, sold its 16.33% stake to AirIndia for Rs. 156 Cr.
  • Maruti Suzuki India crosses 2.5 Cr. cumulative production milestone.
  • As rural demand weakens, FMCG distributors offer more credit to retailers.
  • Mahindra Holidays’ Q2 profit was down 31% on higher expenses and a fall in revenue.
  • Tata’s to raise Rs. 4,000 Cr. from NHB, bonds market in mega home loan push.
  • USFDA issues a warning letter to Lupin for the Maharashtra-based API plant.
  • 80% of net SIP investments in September goes into active equity schemes: Data

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