Daily Stock Market News Snippets- 6 September 2022

1 min read

Global Economy:

  • OPEC+ to cut production of oil by 1 lakh barrels per day from October 2022 on account of weakening of global demand.
  • Euro has fallen below 99 cents hitting a 20-year low.
  • Liz Truss the newly elected Prime Minister of the United Kingdom; vows tax cuts to boost growth.
  • China cuts foreign reserve requirements of the banks to combat currency depreciation.

Indian Economy:

  • RBI is anchoring expectations on rupee weakness, says Shaktikanta Das
  • Banking system healthy enough to withstand external headwinds: RBI Governor
  • India’s external debt rises 8.2% to $620.7 bn till Mar 2022: FinMin report
  • Services PMI accelerates in Aug; job creation strongest in 14 years

Stock Specific News:

  • Tata Motors rolls out India’s first CNG-powered truck in the M&HCV segment
  • Commercial Vehicle industry to perform well this year, says Tata Motors’ Girish Wagh
  • Dixon Tech to manufacture TV sets on Android and Google TV platforms
  • RIL’s current investment cycle is less aggressive, says Morgan Stanley.
  • Narayana Hrudayalaya to acquire Bengaluru-based orthopedic, trauma hospital
  • HAL-L&T consortium bags Rs 860-crore contract to build five PSLV rockets

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