Daily Stock Market News Snipptes- 20 October 2022

1 min read

Markets – Global & India

  • The US Markets were down by 0.33% to 0.85%
  • The Brent Crude Oil price is currently at $92 per barrel.
  • India’s 10-Year G-Sec Yield is at 7.45% and US’s 10-Year G-Sec Yield is at 4.14%.
  • Rupee at 83 per dollar.

Global Economy:

  • UK Inflation returns to a 40-year high of 10.1% as food price rise.
  • Global Steel Demand downgraded, to drop 2.3% in 2022: Worldsteel
  • Global Copper Market to have a surplus of 1,55,000 tonnes in 2023, says ICSG (International Copper Study Group)

Indian Economy:

  • The rupee declines 0.8% and closes at a fresh all-time low of Rs. 83/Dollar.
  • Inflation to fall below 6% next year amid RBI rate hikes: Ashima Goyal
  • India to examine Russia oil price cap as refiners line up Dec crude buys.
  • Risk to India’s sovereign rating from external pressures limited: Fitch

Stock Specific News:

  • Ultratech Q2 Net Profit falls 42% to Rs. 756 Cr. on high energy costs.
  • KPIT Tech Q2 Net Profit rises 28% to Rs. 83 Cr., revenue up 17.2%.
  • Nestle India’s profit was up 8.3% in the September quarter and net sales growth was at a 5-year high.
  • Havells Q2 net profit dips 38% to Rs. 187 Cr., and revenue rises 13.6%.
  • Syngene International’s net profit rises 53% to Rs. 102 Cr. in Q2.
  • Committed to completing the open offer process for 26% NDTV Stake: Adani Group
  • Major Asset Management Companies (HDFC & Nippon) reported muted results in 2nd quarter.

Leave a Reply

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