Daily Stock Market News Snippets- 5 September 2022

1 min read

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.

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