Daily Stock Market News Snippets – 8 August 2022

Markets – Global & India

• The US Markets were mixed ranging between -0.50% to +0.23%.
• The Brent Crude Oil price is currently at $94 per barrel.
• India’s 10-Year G-Sec Yield is at 7.30% and US 10-Year G-Sec Yield is at 2.69%.
• Rupee at 79.37 per dollar.

Global Economy:

• Massive jobs surprise: US Economy added 5,28,000 jobs in July 2022.
• China’s July exports rise, with a trade surplus at a record-high of $101.3 billion in July 2022.
• Russia halting natural gas flows would plunge Germany into a 2009-style economic crisis.

Indian Economy:

• Indian Economy is an island of macroeconomic and financial stability said RBI Governor.
• $1 Trillion Economy target by 2027 said UP Government. Appoints Deloitte Consultant, signs MoU.

Company Update:

• Maruti Suzuki aims to produce 20,00,000 units this fiscal said Chairman R C Bhargava.
• Godrej Properties aims to add new projects worth Rs. 15,000 Cr. in FY23.
• BPCL Q1 Net Loss at Rs. 6,291 Cr. on holding fuel prices despite the rise in the cost.
• SBI reports a 6.7% dip in standalone net profit at Rs. 6,068 Cr. in the June quarter.
• ICICI Bank, PNB, and Bank of Baroda lift loan rates post RBI rate hike.
• CAMS profit up 2.4% to Rs. 64.78 Cr. in June quarter; Revenue rises 18%.
• FPIs bought shares worth Rs. 14,000 Cr. last week.
• Berkshire posts $43.8 billion loss as stock holdings tumble.
• Tata Motors to buy Ford Gujarat plant for Rs. 750 Cr.
• Anil Agarwal pitches for Corporatisation of defence factories.