The dollar index slipped below 104 mark during intraday moves on Thursday, extending sharp decline from previous session after data revealed by the US Bureau of Labor Statistics (BLS) showed US inflation is easing, increasing possibility for a Federal Reserve (Fed) rate cut in 2024. DXY futures are falling alongside plunging treasury yields and quoting at 104.11, down 0.11% on the day, its lowest level since April 10th. US consumer price index increased by 0.3 percent in April after rising by 0.4 percent in March and below expectations for a 0.4 percent rise. The report also said the annual rate of consumer price growth slowed to 3.4 percent in April from 3.5 percent in March, in line with expectations. Among basket currencies, EURSUD and GBPUSD are quoting marginally higher at $1.0897 and $1.2687 respectively.

India’s merchandise exports rose by 1 per cent to USD 34.99 billion in April even as the trade deficit widened to a four-month high of USD 19.1 billion during the month, according to government data. Healthy growth in sectors such as electronics, chemicals, petroleum products and pharmaceuticals has helped register growth in exports despite global economic uncertainties. Imports also increased by 10.25 per cent to USD 54.09 billion in the month under review from USD 49.06 billion in April 2023 due to a significant jump in gold imports.

CG Power & Industrial Solutions Ltd registered volume of 67.56 lakh shares by 10:46 IST on BSE, a 22.67 fold spurt over two-week average daily volume of 2.98 lakh shares

Jindal Stainless reported 27.73% decline in standalone net profit to Rs 476.36 crore in Q4 FY24 as against Rs 659.15 crore in Q4 FY23.