1) The US markets were down by around 0.8% to 2.2% yesterday on account of the aggressive hawkish stance of the US Federal Reserve.
2) The US Federal reserve will tool 2 measures: to control inflation and will be doing aggressive quantitative easing tapering. Further, they will reduce the size of the balance sheet to suck down the liquidity in the market.
3) The US 10-Year G-Sec yield is trading at around 2.57%
4) The Brent crude oil price is currently trading at around $105 per barrel.
5) The 14th price hike was taken in Petrol and Diesel in the last 16 days. In the last 16 days, the price of petrol and diesel has been increased by around Rs. 10
6) The Centre may expand the size of LIC share sales to Rs. 60,000 Cr. To Rs. 75,000 Cr. The stake sale could be of around 6.5% to 7.5%
7) Direct Tax Collection is at nearly Rs. 14 Lakh Cr. Which is much higher than the revised estimate of Rs. 12.5 Lakh Cr.
8) The Ministry of Finance said that over Rs. 8.4 Lakh Cr. Income Tax Demand is outstanding from 1.31 Cr. Individuals
9) New Fund Offer (NFOs) mob up record around Rs. 94,600 Cr. In FY22
10) PE firm Carlyle Group completely exits SBI Cards
11) Assets Under Management (AUM) of the Mutual Fund Industry is ranging at around Rs. 38.37 Lakh Cr. Which is almost the size of LIC’s AUM. Here, SBI is the leading MF with an AUM size of Rs. 6.47 Lakh Cr. Next to SBI are ICICI AMC and HDFC AMC with AUM size of Rs. 4.68 Lakh Cr. And Rs. 4.32 Lakh Cr. Respectively. The highest growth in the AUM size is of Axis AMC which registered a growth of 32.2% while SBI AMC registered a growth of 28.8%, and the growth in the industry stood at 19%.
12) In March penetration of Electric 2 Wheelers has surpassed 4% in March 2022. Still, new challenges are emerging.
13) Producers raise concerns over the merger decision of PVR and INOX.
14) Credit Growth can be in double-digits in FY23 which might result in a reduction of liquidity surplus in the banking system.
15) Tata Sons looks to monetize assets, this could be done via raising foreign loans. Tata Sons net debt stands at Rs. 30,327 Cr.