Daily Stock Market News Snippets- 7 July 2022

Markets – Global & India

• The US Markets were up from 0.23% to 0.36%.
• The Brent Crude Oil price is currently at $99.80 per barrel.
• India’s Market Cap to GDP ratio currently stands at 105%.
• India’s 10-Year G-Sec Yield is at 7.29% and US 10-Year G-Sec Yield is at 2.92%.
• Rupee at 79.04 per dollar.

Global Economy:

• India, China buy Russian Oil Worth 24 Billion Dollars in 3 months
• Dollar Rules as recession fears drag Euro to 20 Year Low, pound also under fire
• Geopolitical tensions have helped the US economy historically: Nitin Kamath

Indian Economy:

• Amid Falling Rupee, RBI announces steps to boost foreign inflows
• Residential Sales hit 9 Year High in the first half of 2022: Knight Frank
• India’s Coal Production Rises 32.57% to 67.59 MT in June:Govt
• Centre seeks to grant Banking License to PSBs to enable privatisation

Company Update:

• Dabur Says Business Resilient as unprecedented Inflation hits FMCG
• Tata Chemicals has no Electric Vehicle plant, lines up capex of Rs 5000 crores: N Chandra
• Goldman Sachs sees Kotak Mahindra Bank shares hitting 100 Billion Dollars Marketcap by FY 2027
• Apollo Hospitals, Singapore firm enhance AI Based Tech for Cardiac Diseases
• Macrotech Developers Q1 sales bookings up nearly 3 fold to Rs 2814 crores
• IRDAI enables insures to introduce tech enabled add ons in Motor Insurance Plans
• Reliance Retail partners with GAP INC to bring Gap to India
• Amara Raja looks for acquisitions overseas for lead acid batteries
• Vauld crisis turns up heat on finfluencers pitching crypto