Daily Stock Market News Snippets- 6 October 2022

1 min read

Markets – Global & India

  • The US Markets were down by 0.14% to 0.25%
  • The Brent Crude Oil price is currently at $93 per barrel.
  • India’s 10-Year G-Sec Yield is at 7.36% and US’s 10-Year G-Sec Yield is at 3.75%.
  • Rupee at 81.65 per dollar.

Global Economy:

  • OPEC+ agrees on a 2 million barrels a day cut to the output limit.
  • WTO slashes global 2023 trade growth forecast to 1% as recession looms.
  • US Gross national debt surpasses $31 trillion as the new fiscal year begins.

Indian Economy:

  • India emerges as the world’s largest producer-consumer of sugar: Government
  • Government is likely to save around Rs. 80,000 Cr. In FY23 from unused budgeted funds.
  • India Inc’s foreign commercial borrowings rise by 4.6% in August: RBI Data

Stock Specific News:

  • Retail Chain D-Mart Q2 revenue jumps 35.7% to Rs. 10,385 Cr.
  • Happiest Minds board approves raising of Rs. 1,400 Cr. through equity debt.
  • Apollo Hospitals acquires 60% stake in Ayurveda hospital chain AyurVAID
  • Finance Minister allows airlines to avail of up to Rs. 1,500 Cr. loan under the Emergency Credit Line Guarantee Scheme (ECLGS).
  • Trading volumes soar as Demat rally surpasses 10.25 Cr. accounts
  • Indian Oil refiners scout for term deals ahead of EV’s ban on Russian crude.

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