Daily Stock Market News Snippets- 3 October 2022

1 min read

Markets – Global & India

  • The US Markets were down by 1.51% to 1.71%
  • The Brent Crude Oil price is currently at $85 per barrel.
  • India’s 10-Year G-Sec Yield is at 7.40% and US’s 10-Year G-Sec Yield is at 3.83%.
  • Rupee at 81.64 per dollar.

Global Economy:

  • Credit Suisse CEO seeks to calm as default swaps near 2009 level.
  • British PM Liz Truss sticks by the economic plan as her party worries.
  • Global Stocks pin hopes of the year-end rally on earnings’ resilience.

Indian Economy:

  • GST collections rise by 26% to over Rs. 1.47 Lakh Cr. In September 2022.
  • Relief for the Bond market on debt supply as government prunes H2 Borrowing plan.
  • India Inc’s credit rating upgrade momentum continues in the first half of FY23.

Stock Specific News:

  • Auto sales on ascending track riding on festive cheer, smooth chip supplies.
  • FPIs turn net sellers again; withdraw Rs. 7,600 Cr. from equities in September.
  • Tata Motors looking to introduce four-wheel drive capability in its e-SUVs.
  • Honda surpasses Hero MotoCorp to the top spot in 2-wheeler sales.
  • Adani Group to raise funds to acquire road projects from Macquarie.
  • Airtel to launch 5G services across India by March 2024: Sunil Mittal
  • Reliance Jio to bring 5G to every Indian by December 2023: Mukesh Ambani
  • Suzlon founder Tulsi Tanti, the man who harnessed the wind, passes away at 64.
  • Consumer spending in India expected to be high this festival season: Report

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