The US dollar index inched lower but continues to hover around a two month high on Friday tracking sustained strength in US benchmark treasury yields. A surge in US jobless rate reinforced expectations of a rate cut but slightly higher than expected inflation data reduced possibility of an aggressive stance. Data yesterday showed US Consumer Price Index (CPI) for September rose by 2.4% on year, exceeding estimates of 2.3%, though still lower than August’s figure. Core CPI increased by 3.3% annually, surpassing forecasts and August’s 3.2%. Initial Jobless Claims for the week ending October 5 rose to 258K, up from 225K the previous week, and exceeded the estimated 230K. US benchmark 10 year yields were quoting at 4.06% while dollar index that measures the greenback against a basket of currencies was seen trading at 102.68 after having climbed to near 103 mark late yesterday. Investors now look ahead to US producer inflation data on Friday to gather further insights on inflation that ..
Dollar Index just short of re-capturing 103 mark (11-10-2024)
The US dollar index inched lower but continues to hover around a two month high on Friday tracking sustained strength in US benchmark treasury yields. A surge in US jobless rate reinforced expectations of a rate cut but slightly higher than expected inflation data reduced possibility of an aggressive stance. Data yesterday showed US Consumer Price Index (CPI) for September rose by 2.4% on year, exceeding estimates of 2.3%, though still lower than August’s figure. Core CPI increased by 3.3% annually, surpassing forecasts and August’s 3.2%. Initial Jobless Claims for the week ending October 5 rose to 258K, up from 225K the previous week, and exceeded the estimated 230K. US benchmark 10 year yields were quoting at 4.06% while dollar index that measures the greenback against a basket of currencies was seen trading at 102.68 after having climbed to near 103 mark late yesterday. Investors now look ahead to US producer inflation data on Friday to gather further insights on inflation that ..
Stock market update: Nifty Pharma index advances 0.6% in a weak market (11-10-2024)
The Nifty Pharma index was trading 0.6 per cent up at 23444.3.
Sugar Cycles: 7-8 years of losses followed by 2-3 years of super gains! (11-10-2024)
Today’s International price (Dec 24): $ 566.70 ~ Rs 47500/-
Three Factors to be tick
- Current MSP ~ 31000 and industry demand of ~ 36000 – 40000
- Ethanol price revision from Rs 65.71 to 70+
- Export quote
There is some disparity on MH mill price and UP mill price ~ 4/- per kg
and season will start @ Nov’2024
Ashoka Buildcon wins flyover construction project of Rs 918 cr (11-10-2024)
From Brihanmumbai Municipal Corporation
Ashoka Buildcon wins flyover construction project of Rs 918 cr (11-10-2024)
From Brihanmumbai Municipal Corporation
India 10-yr bond yield to drop to 3-yr low of 6.3% by March, TT International’s executive says (11-10-2024)
India’s benchmark bond yield may decrease to rates from November 2021 by March 2023, supported by strong foreign investments and central bank rate cuts. JP Morgan, Bloomberg, and FTSE Russell are set to include Indian debt in their indexes, boosting confidence in local markets. Foreigners currently hold about 6% of Indian government bonds.
Share market update: Most active stocks on D-Street today in terms of volume (11-10-2024)
The NSE Nifty index was trading 60.25 points down at 24938.2