Daily Stock Market News Snippets-8 September 2022

1 min read

Markets – Global & India

  • The US Markets were up by 1.40% to 2.14%
  • The Brent Crude Oil price is currently at $87 per barrel.
  • India’s 10-Year G-Sec Yield is at 7.18% and US’s 10-Year G-Sec Yield is at 3.27%.
  • Rupee at 79.65 per dollar.

Global Economy:

  • Oil slumps below $90 for the first time since January 2022 on demand fear.
  • China’s export growth sinks in August, imports shrink due to inflation.
  • Putin says Russia to stop supplying energy if Western price caps are imposed.

Indian Economy:

  • The US, and EU demand slowdown, global uncertainties impacting Indian exports.
  • 5G to add Rs. 1 Lakh Cr. additional revenue every 3 years to the telecom industry.
  • India is aspiring to take international trade to $2 trillion by 2030 says, Piyush Goyal

Stock Specific News:

  • Maruti to enter the mid-SUV segment to lift market share.
  • ITC to pursue ‘Asset Right’ strategy for its hotel business: Chairman
  • FMCG companies ramp up supply chains and marketing ahead of the festive season.
  • Former RBI Governor suggests a 10-year road map for privatization of all PSBs.
  • Bank of Maharashtra mops Rs. 710 Cr. via AT-1 bonds at an 8.74% coupon rate.
  • Private Life Insurance outpace LIC in August. LIC revenue growth at 8.74% vs. private players at 25%.
  • Consumer Durables sector revenue to rise 15%-18% to cross Rs. 1 Lakh Cr. mark in FY23.
  • Reliance Retail buys into ‘desi power’ by acquiring local consumer brands.

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