Daily Stock Market News Snippets- 6 September 2022

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