The Great Britain pound is seen recovering from a near 11-week low against the dollar on Thursday awaiting BoE policy decision to be unveiled later in the global day. The central bank could be further inclined to a dovish stance after an unexpectedly fast slowdown in inflation. Besides, a pause in USD rally to a four month high amid Trumps decisive victory in the US Presidential election could also provide some support to the counter. US benchmark treasury yields spiked over 13 bps to 4.42% whereas dollar index climbed nearly 2% briefly above 105 mark following Republican Donald Trumps decisive victory in the US presidential election. Looking ahead, the outcome of a two-day Federal Open Market Committee (FOMC) policy meeting, along with Federal Reserve (Fed) Chair Jerome Powell’s comments at the post-meeting press conference will play a key role in influencing the USD. Currently, GBPUSD is quoting at 1.2916, up 0.22% on the day.
Posts in category Business Standard
Board of Bajaj Electricals approves VRS for workmen at Nashik unit (07-11-2024)
At meeting held on 07 November 2024
Shree Rama Multi-Tech Ltd leads losers in ‘B’ group (07-11-2024)
Venkys (India) Ltd, Waaree Energies Ltd, RPSG Ventures Ltd and Goldiam International Ltd are among the other losers in the BSE’s ‘B’ group today, 07 November 2024.
Venky’s slumps after Q2 PAT tumbles 77% YoY to Rs 8 cr (07-11-2024)
Venky’s (India) fell 7.47% to Rs 1,754 after the company’s net profit dropped 77.23% to Rs 7.76 crore in Q2 FY25 as against Rs 34.09 crore posted in Q2 FY24.
Wockhardt slumps on launching QIP at discount (07-11-2024)
Wockhardt hit a lower limit of 5% at Rs 1206.50 after the company launched a qualified institutional placement (QIP) at a floor price of Rs 1,162.25.
Barometers turn rangebound; auto shares slide (07-11-2024)
At 14:30 IST, the barometer index, the S&P BSE Sensex dropped 830.97 points or 1.03% to 79,553.06. The Nifty 50 index fell 284.55 points or 1.16% to 24,199.50.
Vijaya Diagnostic Centre consolidated net profit rises 25.87% in the September 2024 quarter (07-11-2024)
Sales rise 31.75% to Rs 182.95 crore
Smartlink Holdings consolidated net profit declines 19.28% in the September 2024 quarter (07-11-2024)
Sales rise 13.03% to Rs 58.57 crore
Shyam Metalics & Energy consolidated net profit declines 55.48% in the September 2024 quarter (07-11-2024)
Sales rise 23.58% to Rs 3634.02 crore
Jost’s Engineering Company consolidated net profit rises 133.18% in the September 2024 quarter (07-11-2024)
Sales rise 52.60% to Rs 62.58 crore