Daily Stock Market News Snippets- 30 June 2022

2 min read

Markets – Global & India

  • The US market remained flat at around negative 0.07% to positive 0.27%.
  • The Brent Crude Oil price is currently at $112 per barrel.
  • India’s Market Cap to GDP ratio currently stands at 103%.
  • The US 10-Year G-Sec Yield is at 3.08% while India’s 10-Year G-Sec Yield is at 7.46%.
  • The rupee is 78.92 per dollar.
  • Nifty PE Ratio is at 19.55 while Sensex PE is at 21.47.

Global Economy:

  • US Economy contracts 1.6% in the first quarter.
  • US Bank on imports of Chinese products from Xinjiang upsets Xi’s dreams.
  • Recession worries hand emerging markets the worst first half since 1998.
  • EU to stop combustion engines by 2035.
  • India is an important link between G7, G20, and BRICS.

Indian Economy:

  • Rupee ends at a new low on relentless FIIs sell-off and slower RBI intervention.
  • India steps up fuel imports amid shortage; Asia’s pool of supplies shrinks.
  • War, US Inflation impact: Exports’ demand for Steel, apparel, Leather, etc. from big partners may taper off.

Company Update:

  • HDFC raises Rs. 4,000 Cr. via 21-month paper at 7.28%; attracts bids of over Rs. 70,000 Cr.
  • Japanese Chip maker Renesas Electronics broadens tie-up with Tata Group. Inks partnership with Tata Motors and Tejas Networks plans innovations centre with TCS.
  • PVR restarts the CAPEX cycle and plans to open about 125 screens in FY23.
  • Ultratech Cement paying for Russian Coal in the Chinese Yuan as per the report.
  • Mukesh Ambani’s Daughter Isha is set to be named Chairperson of the Retail Unit.
  • Mutual Fund Industry is largely underpenetrated in India said, Deepak Parekh. India’s MF to GDP Ratio stands at 16% against a global average of 74%.
  • Tata Tech joins Foxconn-led Consortium to develop sustainable mobility.

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