Daily Stock Market News Snippets- 5 April 2022

1) The US markets were up by around 0.30% to 1.9% yesterday.

2) Elon Musk took a stake of 9.2% in Twitter. Stock to Twitter closed up by around 20%.

3) The Brent Crude Oil price is trading at around $109 per barrel.

4) The US 10-Year G-Sec Yield rate is hovering at around 2.39%.

5) HDFC Limited to merge with HDFC Bank

6) Manufacturing Purchasing Managers’ Index (PMI) stands at 54 dropping from the level of 54.9.

7) Indian Oil, L&T, and ReNew join hands for Green Hydrogen. The government has set a target of 5 million tonnes of Green Hydrogen per year by the year 2030.

8) Demand for corporate term loans sees a pickup. Here Infra Project loans grew 12% YoY to Rs. 11.9 Lakh Cr. in February 2022.

9) India’s Trade Deficit widens by 87.5% to a record $192 billion. The merchandise import bill was at around $610 billion and the merchandise export was ~$418 billion.

10) Deutsche Bank’s CEO foresees recession if Russia Oil is cut off.

11) Vodafone raises its stake in Vi to 47.61% from 44.39% through its subsidiary ‘Prime Metals’.

12) Indian Finance Minister said that retail investors absorbed the shock of FIIs/FPI’s exit.

13) After 715 days, India reports less than 1000 daily fresh Covid-19 cases.

14) Paytm Payments Bank is still to appoint a firm for IT Audit.