Daily Stock Market News Snippets- 3 October 2022

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