Daily Stock Market News Snippets- 7 July 2022

1 min read

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

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