The US dollar regained appetite tracking a rally in US treasury yields after upbeat US monthly employment details released on Friday led investors to price out the possibility of another oversized interest rate cut by the Federal Reserve in its next meet. The benchmark US treasury yields are at 3.9% while dollar index climbed above 102 mark for the first time in one and a half months. Data on Friday showed that nonfarm payrolls rose by 254,000 in September, surpassing expectations of 140,000, while the unemployment rate fell to 4.1% from 4.2%. Moreover, safe haven demand amid escalating political tensions in the Middle East is also keeping the greenback supported. The dollar index that measures the greenback against a basket of currencies was quoting at 102.30, up marginally on the day. Among its basket currencies, both EURUSD and GBPUSD are staying subdued at $1.10 and $1.31 respectively.
KP Energy – Lotus in muddy water (07-10-2024)
Already having 1GW order book and recent kpel signed memorandum with Gujarat government
Paytm plummets 5% after CTO’s resignation; Deependra Singh to take over (07-10-2024)
Shares of One 97 Communications, parent of fintech major Paytm dropped as much as 4.69 per cent a piece on the NSE in Monday’s intraday trade
Indices trade sideways; PSU bank shares slide (07-10-2024)
At 11:30 IST, the barometer index, the S&P BSE Sensex added 40.97 points or 0.05% to 81,729.42. The Nifty 50 index lost 24.70 points or 0.10% to 24,989.90.
Ola Electric shares plunge following CEO’s Twitter spat with comedian (07-10-2024)
Stand-up comic Kunal Kamra and Ola CEO Bhavish Agarwal’s dispute, centred around customer service issues with Ola’s electric scooters, played out publicly on X over the weekend
Lupin share down 3% as USFDA issues 5 observations for Biotech unit in Pune (07-10-2024)
Lupin share price slipped in trade after the company announced that United States Food and Drug Administration (USFDA) has issued five observations for its Pune-based Biotech facility.
Garuda Construction IPO: 23% GMP, Rs 1,400-cr order book; should you bid? (07-10-2024)
The public issue comprises a fresh issue of 18,300,000 shares and an offer for sale of 9,500,000 shares with a face value of Rs 5 each
Geojit Financial Services+BNP PARIBAS Does the story gets RE-RATED? (07-10-2024)
RE land in your account proportional to the no of shares. You can trade the REs as well. You can even apply for more than what you are eligible for
Siemens shares fall 1.11% as Nifty drops (07-10-2024)
The stock quoted a 52-week high price of Rs 7974.25 and a 52-week low of Rs 3248.0.