Daily Stock Market News Snippets- 4 November 2022

1 min read

Global Economy:

  • Dollar rallies as US Federal Reserve signals more rate hikes; pound drops
  • China to encourage more foreign investment in manufacturing industry
  • Morgan Stanley to start layoffs in coming weeks as dealmaking slows
  • Finance, tech transfer, and capacity building on India’s agenda for COP27

Indian Economy:

  • Growth in India’s services sector quickens in Oct, PMI edges up to 55.1
  • Bond yields spike, tracking US peers on Fed’s hawkish monetary policy tone
  • Central government to introduce 7-8 PLI schemes in next Budget: Report

Stock Specific News:

  • Indian gaming worth $2.6 bn in FY22, will grow four-fold by 2027: Report
  • HDFC Ltd Q2 profit rises 24% to Rs 7,043 crore, total income jumps
  • HPCL reports back-to-back quarterly losses; posts Rs 2,172 cr loss in Q2
  • Adani Wilmar’s profit falls 73% on the back of cost rise, soft rural demand
  • Vodafone Idea Q2 loss widens to Rs 7,595 crore on higher expenses
  • GIC, ESR Group set up a $600 mn India JV to buy industrial, logistics assets

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.