The US dollar index is steadying at a seven and half week high on Thursday with all eyes glued to upcoming US consumer price inflation data due for release later in the global day. US benchmark treasury yields continue to stay elevated above 4% and dollar index that measures the greenback against a basket of currencies well above 102 mark. According to the minutes from the Federal Reserve’s September meeting, in light of the progress on inflation and the balance of risks, the Committee decided to lower the target range for the federal funds rate by percentage point to 4 to 5 percent. In considering additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities. The Committee is strongly committed to supporting maximum employment and returning inflation .
Posts in category Business Standard
Manufacturers maintain optimism on demand conditions in Q3FY25 (10-10-2024)
Reserve Bank released the results of 107th round of its quarterly industrial outlook survey (IOS) yesterday. Manufacturing companies reported some moderation in demand expansion during Q2:2024-25 as reflected in their assessment on production, order books, capacity utilisation, employment and overall business situation. Pressures from cost of raw material, financing cost and salary outgo were assessed to have tempered and, in accordance, sentiments on growth in selling prices and profit margins also moderated. The business assessment index (BAI) remained in expansion zone but moderated to 108.3 in Q2:2024-25 from 110.8 in the previous quarter.
GTPL Hathway share price drops 4% after Q2 profit plunges 63% YoY (10-10-2024)
The fall in GTPL Hathway share price came after the company reported a weak set of September quarter (Q2FY25) results.
Rain Ind up 9% as unit to make battery anode material with Canadian partner (10-10-2024)
Rain Carbon and Northern Graphite Corporation will develop advanced battery anode material (BAM) used in lithium-Ion batteries for EVs.
DLF surges 3% on reports of launching India’s costliest project in Gurugram (10-10-2024)
Share price of real estate giant DLF surged up to 878.20 a piece on Thursday, rising 3.03 per cent intraday amid reports of launching a super luxury residential project in Gurugram
GTPL Hathway slides after Q2 PAT drops 63% YoY to Rs 13 cr in FY25 (10-10-2024)
GTPL Hathway declined 2.26% to Rs 161.90 after the company’s consolidated net profit declined 62.65% to Rs 12.78 crore in Q2 FY25 as compared with Rs 34.22 crore in Q2 FY24.
Oil India up 3% on Motilal Oswal’s ‘buy’ rating with target price of Rs 720 (10-10-2024)
Amid weak crude oil prices, the share price of Oil India has declined 23 per cent from its record high level of Rs 767.30 touched on August 30.
Volumes spurt at HDFC Asset Management Company Ltd counter (10-10-2024)
HDFC Asset Management Company Ltd notched up volume of 1.49 lakh shares by 10:47 IST on BSE, a 20.29 fold spurt over two-week average daily volume of 7357 shares
Adani Enterprises declines 3% after launching Rs 16,000-crore QIP issue (10-10-2024)
The company’s board had approved a total fundraising of Rs 16,600 crore by the way of QIP or other modes in one or more tranches, on May 23, 2024.
UGRO Capital opens Rs 200 cr public issue of NCDs (10-10-2024)
UGRO Capital announced the issue of secured, rated, listed, redeemable, non-convertible debentures of the face value of Rs 1,000 each. The Issue has a base issue size of Rs 100 crore with an option to retain oversubscription up to Rs 100 crore, aggregating up to Rs 200 crore.