Daily Stock Market News Snippets- 3 October 2022

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