Daily Stock Market News Snippets- 6 October 2022

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.