CONSUMER PRICE GAINS
Shares of Godrej Consumer rise as Nifty gains
On the technical charts, the 200-day moving average of the stock stood at Rs 1177.17.
Dollar drops, yen surges as consumer prices fall in June
June's U.S. CPI drop led the dollar to fall, sparking yen intervention speculation. Japan's Ministry of Finance to confirm. Masato Kanda discussed yen fundamentals. Fed may cut rates in September. Euro, pound rose; British GDP exceeded expectations. Analysts from Bank of America and Standard Chartered noted inflation impacts. Long dollar/yen trades corrected. Bitcoin rose to $57,821.
US consumer prices unexpectedly fall in June
In June, U.S. consumer prices unexpectedly decreased by 0.1%, following no change in May, according to the Labor Department. This marks a second consecutive month of stable CPI readings, suggesting a slowdown in inflationary pressures. Over the past year through June, the Consumer Price Index (CPI) rose by 3.0%, a slight decline from May's 3.3% increase and slightly below economists' expectations.
Crompton Greaves shares down 0.72% as Nifty falls
The stock quoted a 52-week high price of Rs 441.95 and low of Rs 262.1.
China consumer prices inch up but deflation pressure lingers
In June, China's consumer prices rose slightly by 0.2% year-on-year, marking the fifth consecutive month near zero, highlighting ongoing deflationary challenges hindering economic recovery. Meanwhile, factory-gate prices remained in deflation, declining 0.8% year-on-year. Economic disparities persist with manufacturing showing resilience amid weak consumer spending due to a real estate downturn and job market struggles. The risk of prolonged deflation poses concerns, potentially dampening consumption and business activity unless domestic demand rebounds significantly. Policymakers may consider monetary easing measures to stimulate growth, pending global economic developments and domestic conditions.
Gold prices steady with spotlight on US inflation print
Gold prices remain stable as investors await U.S. inflation data to assess Federal Reserve's interest rate strategy. Fed Chair Powell indicates potential for looser monetary policy. Market attention shifts to upcoming CPI data. Global gold ETFs experience increased inflows.
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Dollar gains before Fed's Powell testimony
The U.S. dollar gained on Tuesday before Federal Reserve Chair Jerome Powell's testimony before Congress, with investors looking for any fresh clues on potential interest rate cuts as data points to a slowing economy.
Godrej Consumer share price down 0.67 per cent
A total of 26,185 shares changed hands on the counter till 02:09PM (IST).
Shares of Godrej Consumer rise as Nifty drops
On the technical charts, the 200-day moving average of the stock stood at Rs 1168.27.
Crompton Greaves shares gain 1.19% as Sensex falls
On the technical charts, the RSI of the stock stood at 54.53.
Crompton Greaves shares drop 0.27% as Sensex rises
A total of 132,421 shares changed hands on the counter till 01:04PM (IST)
Godrej Consumer share price down 1.99 per cent
A total of 7,211 shares changed hands on the counter till 01:03PM (IST).
Dollar barges past 161 yen and eyes quarterly rise
Amid currency fluctuations and economic indicators, market dynamics are influenced by the U.S. personal consumption expenditures price index and the Federal Reserve's preferred inflation measure, shaping expectations and trading behaviors.
Shares of Crompton Greaves fall as Nifty gains
On the technical charts, the 200-day moving average of the stock stood at Rs 313.22.
Crompton Greaves shares down 0.97% as Nifty gains
The stock quoted a 52-week high price of Rs 436.6 and low of Rs 262.1.
Crompton Greaves shares up 0.73% as Nifty gains
A total of 40,550 shares changed hands on the counter till time (IST).
Crompton Greaves shares gain 0.52% as Sensex falls
The stock quoted a 52-week high of Rs 436.6 and a 52-week low of Rs 262.1.
Godrej Consumer shares up 0.51% as Nifty gains
A total of 15,732 shares changed hands on the counter till time (IST).
Dollar gains on hawkish Fed, even as inflation cools
The dollar strengthened despite weak U.S. producer price data for May, following a hawkish Federal Reserve meeting. U.S. producer prices fell unexpectedly in May, with core prices remaining flat. The Federal Reserve's stance on interest rates also influenced the dollar's performance.
Crompton Greaves shares up 0.28% as Nifty gains
A total of 121,827 shares changed hands on the counter till 01:13PM (IST).
Gold pares gains on reduced rate cut bets after Fed verdict
Gold prices fluctuated as the U.S. Federal Reserve hinted at a single interest rate cut this year due to persistent inflation levels.
Crompton Greaves shares up 0.97% as Nifty gains
A total of 83,249 shares changed hands on the counter till 10:25AM (IST).
Godrej Consumer shares gain 2.59% as Sensex rises
A total of 24,170 shares changed hands on the counter till 12:02PM (IST)
Crompton Greaves shares rise 5.28% as Nifty gains
The stock quoted a 52-week high price of Rs 410.0 and a 52-week low of Rs 262.1.
Crompton Greaves shares gain 0.75% as Sensex rises
The stock quoted a 52-week high of Rs 410.0 and a 52-week low of Rs 262.1.
Crompton Greaves shares fall 0.37% as Nifty gains
A total of 15,835 shares changed hands on the counter till time (IST).
Sensex ends 267 points higher, Nifty near 22,600 ahead of Fed mins
Domestic equity indices, BSE benchmark Sensex and NSE Nifty, surged on Wednesday, led by gains in fast-moving consumer goods and Reliance Industries, ahead of the Federal Reserve minutes.
Godrej Consumer shares fall 0.39% as Nifty gains
A total of 4,239 shares changed hands on the counter till time (IST).
Rupee gains but lags behind Asian peers, forward premiums rise
The rupee was at 83.46 against the U.S. dollar as of 09:40 a.m. IST, up from its previous close at 83.50.
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