Daily Stock Market News Snippets- 4 November 2022

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