Posts in category Business Standard
Energy stocks edge lower (09-04-2024)
Energy stocks were trading in red, with the S&P BSE Energy index decreasing 81.43 points or 0.67% at 12143.03 at 13:46 IST.
FMCG shares fall (09-04-2024)
FMCG stocks were trading in the negative zone, with the S&P BSE FMCG Sector index falling 103.81 points or 0.53% at 19325.54 at 13:46 IST.
Consumer Durables shares slide (09-04-2024)
Consumer Durables stocks were trading with losses, with the S&P BSE Consumer Durables index falling 412.41 points or 0.76% at 53503.69 at 13:46 IST.
SMC Global Securities pares its stake held in Agarwal Float Glass India (09-04-2024)
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Dollar Index Slips Below 104 Mark; Fed Minutes, US CPI Awaited (09-04-2024)
The US dollar index eased back below 104 mark and is steadying at similar levels on Tuesday morning in Asia as possibility of a near term rate cut diminishes. Recent comments from Fed officials after Fridays jobs report reiterated the seemingly unwavering strength of the U.S. labor market. Focus now turns on the upcoming March minutes, inflation report and speeches from Federal Reserve officials to gauge the potential rate-cut timetable. Last week the Minneapolis Fed President Neel Kashkari suggested that if inflation remains high, rate cuts may not be necessary in 2024. Fed Chair Jerome Powell also echoed this, stating that more evidence of sustainable inflation near the 2% target is needed before considering rate cuts. The dollar index that measures the greenback against a basket of currencies is quoting at 103.96, marginally up on the day. Among the basket currencies, EURUSD and GBPUSD are staying marginally lower at $1.0883 and $1.2658 respectively.
Dollar Index Slips Below 104 Mark; Fed Minutes, US CPI Awaited (09-04-2024)
The US dollar index eased back below 104 mark and is steadying at similar levels on Tuesday morning in Asia as possibility of a near term rate cut diminishes. Recent comments from Fed officials after Fridays jobs report reiterated the seemingly unwavering strength of the U.S. labor market. Focus now turns on the upcoming March minutes, inflation report and speeches from Federal Reserve officials to gauge the potential rate-cut timetable. Last week the Minneapolis Fed President Neel Kashkari suggested that if inflation remains high, rate cuts may not be necessary in 2024. Fed Chair Jerome Powell also echoed this, stating that more evidence of sustainable inflation near the 2% target is needed before considering rate cuts. The dollar index that measures the greenback against a basket of currencies is quoting at 103.96, marginally up on the day. Among the basket currencies, EURUSD and GBPUSD are staying marginally lower at $1.0883 and $1.2658 respectively.
Indices trade with tiny gains; European mkt opens lower (09-04-2024)
At 13:27 IST, the barometer index, the S&P BSE Sensex, gained 58.88 points or 0.07% to 74,794.04. The Nifty 50 index rose 10.05 points or 0.04% to 22,676.35.
Indices trade with tiny gains; European mkt opens lower (09-04-2024)
At 13:27 IST, the barometer index, the S&P BSE Sensex, gained 58.88 points or 0.07% to 74,794.04. The Nifty 50 index rose 10.05 points or 0.04% to 22,676.35.
RBI Governor Lauds Encouraging Response To Regulatory Measures But Highlights Need For Attention In Specific Areas (09-04-2024)
The recent financial market reforms undertaken by the Reserve Bank are aimed at providing a strong bedrock for markets to move to the next trajectory for meeting the growing funding requirements in the economy, providing cost effective hedging options and competing effectively in global markets, RBI Governor stated at the FIMMDA-PDAI Annual Conference, Barcelona. He said the response to the regulatory measures has been encouraging. The participation base has been widening. Retail participation in G-secs through the Retail Direct scheme has been growing. The VRR scheme has attracted interest from FPIs, especially for corporate bonds. In recent months, robust foreign inflows in G-secs have been witnessed. Non-resident participation in OTC derivative markets has increased, adding to liquidity and diversity. Many of you have started participating in the offshore derivative market for the INR. Prices and spreads in the domestic and overseas markets have converged to a great extent. There .
RBI Governor Lauds Encouraging Response To Regulatory Measures But Highlights Need For Attention In Specific Areas (09-04-2024)
The recent financial market reforms undertaken by the Reserve Bank are aimed at providing a strong bedrock for markets to move to the next trajectory for meeting the growing funding requirements in the economy, providing cost effective hedging options and competing effectively in global markets, RBI Governor stated at the FIMMDA-PDAI Annual Conference, Barcelona. He said the response to the regulatory measures has been encouraging. The participation base has been widening. Retail participation in G-secs through the Retail Direct scheme has been growing. The VRR scheme has attracted interest from FPIs, especially for corporate bonds. In recent months, robust foreign inflows in G-secs have been witnessed. Non-resident participation in OTC derivative markets has increased, adding to liquidity and diversity. Many of you have started participating in the offshore derivative market for the INR. Prices and spreads in the domestic and overseas markets have converged to a great extent. There .