The US dollar index catapulted to a three and half week high on Thursday as safe haven appeal for the currency gained appetite amid escalating Middle East tensions. Besides, waning optimism the Federal Reserve will continue to aggressively lower interest rates after payroll processor ADP released a report showing stronger than expected private sector job growth in the month of September supported the greenback. ADP said private sector employment climbed by 143,000 jobs in September after rising by an upwardly revised 103,000 jobs in August. Investors now look ahead to the latest weekly jobless claims on Thursday and the September jobs report on Friday to gain more clarity on the rates path. The dollar index that measures the greenback against a basket of currencies is quoting at 101.63, up 0.20% on the day. US treasury yields also ticked higher at 3.79%. Among basket currencies, EURUSD is down 0.11% at $1.1060 whereas GBPUSD is down 0.60% at $1.3181.
Posts in category Business Standard
Sensex slumps 1,230 pts; VIX soars 9.57% (03-10-2024)
At 11:30 IST, the barometer index, the S&P BSE Sensex tumbled 1,230.68 points or 1.46% to 83,045.56. The Nifty 50 index dropped 372.85 points or 1.45% to 25,424.05
Transformers and Rectifiers gains on bagging order worth Rs 565-cr (03-10-2024)
Transformers and Rectifiers (India) rallied 3.72% to Rs 676 after the company announced that it has secured orders worth Rs 565 crore from Power Grid Corporation of India for supply of transformer and reactors.
ITD Cementation surges 18% on Adani play; has zoomed 122% so far in 2024 (03-10-2024)
ITD Cementation had announced on July 3, 2024, that its promoter Italian Thai Development (ITD) Public Company Limited is exploring a potential divestment of its investments in the company.
BSE to keep weekly options tied to Sensex despite new derivative rules (03-10-2024)
The new rules followed a spurt in retail investors trading options, which the regulator and the government viewed as a risk to household finances
Volumes jump at Just Dial Ltd counter (03-10-2024)
Just Dial Ltd recorded volume of 46482 shares by 10:48 IST on BSE, a 5.22 times surge over two-week average daily volume of 8897 shares
Transformers & Rectifiers share up 5% on Rs 565-cr order from Power Grid (03-10-2024)
The Transformers and Rectifiers (India) Ltd share soared after the company announced that it has secured an order worth Rs 565 crore from Power Grid Corporation of India.
Hero MotoCorp total sales spurts 19% YoY in Sep (03-10-2024)
The two-wheeler major’s total motorcycle and scooter sales jumped 18.74% to 637,050 units in September 2024 as compared with sales of 536,499 units recorded in September 2023.
Dabur India slides on forecasting mid-single digit revenue dip in Q2 FY25 (03-10-2024)
Dabur India slipped 5.54% to Rs 584.60 after the company expects to post a mid-single-digit decline in consolidated revenue for the September quarter (Q2 FY25), primarily attributed to heavy rains and floods affecting various regions of the country.
Yes Bank’s loan book rises to Rs 2.36 lakh crore in Q2 FY25; deposits up over 18% YoY (03-10-2024)
Yes Bank has reported 13.1% growth in loans & advances to Rs 236,512 crore as on 30 September 2024 as compared with Rs 209,106 crore as on 30 September 2023.