Market update
* 17th-JUN-2022*
● *Recession Fear Sinks Stocks; Japan Yields Tops Band.*
● *Dow Jones sub 30k Mark Lost over -10% in Last Two Weeks.*
● *Benchmark S&P 500 Slipped Down -12.50% this month down over -12.50% @3666 at Dec-20 Lows.*
● *Nasdaq-100 at Sep-20 Lows Just over Crucial 10k Mark @ 10646.*
● *BOE Hikes Interest Rate to 1.25% To Fight Inflation.*
● *Dollar Index Marginally Slipped Down to 103.85$.*
● *Bond Yields Witnessing marginally Profit-Taking; U.S. 10Y @ 3.271 -1.04%*
● *Bitcoin continued with it’s weakness; Lost -30.50% in last Seve Days; Crucial 20k Support*
● *Gold/ Silver Bounced Back Marginally in last Session.*
● *Forex Reserves the Only Reliable Cushion Against Global Volatility; RBI*
● *RBI Lifts Business Restrictions Imposed on MasterCard.*
● *Retail Business Grow 24% in May against Pre-Pandemic Levels: Report.*
● *LIC Increase Stake in Dr Reddy from 3.64% to 5.65%* #DRREDDY
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DRREDDY 30 Min