Daily Stock Market News Snippets- 5 September 2022

Markets – Global & India

• The US Markets were down by -1.07% to 1.31%
• The Brent Crude Oil price is currently at $93 per barrel.
• India’s 10-Year G-Sec Yield is at 7.23% and US’s 10-Year G-Sec Yield is at 3.27%.
• Rupee at 79.71 per dollar.

Global Economy:

• OPEC+ faces an output dilemma amid concerns of a global economic slowdown.
• Indonesia hikes fuel prices by 30% across the country and cuts energy subsidies.
• Germany announces 65-billion euro inflation busting package.

Indian Economy:

• Indian Exports to China dipped by a third in April-July to $5.9 billion.
• Q1 GDP growth below expectation, cause of concern: Ex-RBI Governor Subbarao
• China missing among the nations driving India’s foreign fund inflows.

Stock Specific News:

• Mahindra Lifespace aims for 2.5-fold a jump in housing sales bookings in 3 years.
• Return to the workplace may ease moonlighting concerns in the IT industry, say experts.
• Petronet LNG Limited to invest Rs. 40,000 Cr. in the 5 years to expand import infra.
• Former chairman of Tata Sons Cyrus Mistry dies in a road accident.
• EVs to hit top gear in FY23, sales set to cross million mark.
• HAL-L&T to build fire PSLV rockets, bags Rs. 860 Cr. deal from NSIL.
• Amazon says ‘The Lord of the Rings prequel sets prime video viewership record.
• Ending a 17-month long buying streak; DIIs and MFs turn net sellers in August.