Daily Stock Market News Snippets- 5 August 2022

2 min read

Markets – Global & India

  • The US Markets were mixed ranging between -0.26% to +0.41%.
  • The Brent Crude Oil price is currently at $94 per barrel.
  • India’s 10-Year G-Sec Yield is at 7.16% and US 10-Year G-Sec Yield is at 2.69%.
  • Rupee at 79.19 per dollar.

Global Economy:

  • The Bank of England raises rates by most since 1995 even as long as recession looms.
  • Germany needs to slash gas use more than any other EU state as per the reports.
  • Amid soaring energy prices, UN General Secretary urges a transition to renewables.

Indian Economy:

  • India should gradually withdraw fiscal, monetary stimulus says IMF.
  • India diversifying its oil import sources said S&P.
  • Companies raise funds via CP to lock in lower rates ahead of RBI policy.
  • Call grows among market participants for a shift in RBI stance to neutral.

Company Update:

  • L&T Group aims Rs. 2.7 Lakh Cr. revenue by FY26 said Chairman AM Naik.
  • FPIs raise bets on FMCG stocks; prune holdings in energy & IT.
  • Tiger Global sells a 2.34% stake in Zomato and sells 18.5 Cr. shares.
  • Falling raw material prices, and demand recovery drive gains for Bosch stock.
  • Adani Enterprises Q1 Results: Net Profit rises 73% to Rs. 469 Cr.
  • Indigo’s fuel cost, weak rupee woes.
  • Sun Pharma, Cipla’s US show tops Dr. Reddy’s Lupin in Q1.
  • Dabur India Q1 net profit flat on high input costs.
  • EV Registrations hit a monthly high in July 2022.
  • G-Sec Rally re-tumbles on fears of rate hike pause.
  • Tata Steel to invest Rs. 1,000 Cr. in Neelanchal Ispat Nigam.

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