Daily Stock Market News Snippets- 9 May 2022

1) The Brent Crude Oil price is currently at $111 per barrel.

2) The US 10-Year G-Sec Yield is currently trading at 3.14% while India’s 10-Year G-Sec yield is at 7.42%.

3) Saudi cut oil prices for Asia by $4 to $5.

4) LIC IPO subscribed 1.8 times a day ahead of the close, a big push from policyholders.

5) Adani leads race to buy Ambuja, ACC. Group’s promoter entities may spend up to $11 billion to buy Holcim’s stake.

6) Promoter pledging rises 1.7% in Q4FY22 amid an increase in market volatility. The value of Pledged Promoter Holdings stood at Rs. 2.1 Lakh Cr.

7) FPI owned India Equities at a pre-Covid low at 19.5% in March in NSE 500 Companies which is valued at $619 billion.

8) Shadow lenders “NBFCs” see a turnaround in rural business.

9) Tata Steel to grow organically, says MD & CEO, Mr. T.V. Narendran.

10) FPIs withdraw Rs. 6,400 Cr. from Equity Markets in May 2022 so far.

11) SUV craze drives passenger vehicle sales.

12) Russia-Ukraine war drives up chip supplies for Auto firms.

13) DISCOMs outstanding dues to gencos rise 4% to Rs. 1.21 Lakh Cr. in May 2022.