Daily Stock Market News Snippets – 8 August 2022

1 min read

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.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.