Daily Stock Market News Snippets- 6 July 2022

2 min read

Markets – Global & India

  • The US Markets were mixed between negative 0.42% to positive 1.75%.
  • The Brent Crude Oil price is currently at $105 per barrel.
  • India’s Market Cap to GDP ratio currently stands at 104%.
  • India’s 10-Year G-Sec Yield is at 7.39% and US 10-Year G-Sec Yield is at 7.39%.
  • Rupee at 79.37 per dollar.

Global Economy:

  • Euro plunges to a two-decade low of $1.0325 as economic fears mount.
  • India missed the fifth largest economy in the World Tag by $13 billion.
  • Brent Oil falls as recession fears increase fuel demand concerns.

Indian Economy:

  • PLI Scheme can add 4% to GDP annually, says a new report.
  • Services PMI rises to 59.2 in June, the highest since April 2011.
  • The unemployment rate rises to 7.8% in June with the loss of 13 million jobs: CMIE
  • Windfall Tax to generate nearly Rs. 94,800 Cr. for Government said Moody’s.
  • India’s June Gold Imports treble from a year ago on price correction.

Company Update:

  • HDFC twins’ merger: RBI awaits more data to decide on dispensation requests.
  • Tata Motors wins a case against a firm that won the contract to supply e-buses to BEST (Mumbai).
  • Britannia Industries shareholders reject Rs. 5,000 Cr. investment proposal.
  • June automobile retail sales jump 27% on improved chip availability.
  • Improved economic activity to support steel demand, and cement, said, Fitch.
  • Hotel Industry sees growth in daily room rates and occupancies over the 2019 level.
  • Export Levy Impact: Tata Steel delivers a drip of 2% YoY despite higher output.
  • NTPC mines 61% more coal at 4.22 million metric tonnes in April-June.

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