Rainbow Children’s Medicare declined 4.29% to Rs 1,334 after the company reported 4.89% decrease in consolidated net profit to Rs 50.97 crore in Q4 FY24 as against Rs 53.59 crore in Q4 FY23.

Large currency speculators continues to reduce their short positions in the Pound futures although they continued to stay net short, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Pound futures, traded by large speculators and hedge funds, totaled a net short position of -20075 contracts in the data reported through May 14 2024. This was a weekly fall of 1783 net contracts and they continued to stay at its lowest level since November last year.

Bharat Bijlee Ltd, Rail Vikas Nigam Ltd, Balkrishna Industries Ltd and Sudarshan Chemical Industries Ltd are among the other gainers in the BSE’s ‘A’ group today, 21 May 2024.

Federal Reserve (Fed) Governor Christopher Waller has opined that US dollar may face some challenges to its dominance in the future while the policymakers are also attuned to the potential financial stability challenges that the current broad use of the US dollar can pose for financial systems in the United States and the rest of the world. He noted that past experiences show that foreign shocks can transmit to the United States when investors and governments seek a safe haven to protect the value of their assets in periods of stress. Such a “flight to the dollar” means that dollars are in especially high demand in funding markets around the globe during these episodes, as we saw during the Global Financial Crisis and the financial turmoil at the outset of the COVID-19 pandemic.