OPEC reduces 2023 oil demand by 1 lakh bpd to 29 mbpd, Saudi output cut leads to 3 mbpd shortfall
Global oil markets are likely to face a supply shortfall of more than 3 MBPD next quarter — potentially the biggest deficit in more than a decade — as Saudi Arabia extends its supply output cuts till December.

Apple shares decline over 1.7% as investors monitor iPhone 15 launch at ‘Wonderlust’ event
The tech giant unveiled its latest iPhone 15 and iPhone 15 Plus with Dynamic Island feature which was earlier reserved for pro versions of iPhones.

RR Kabel IPO: TPG-backed IPO mobilises₹585 crore from anchor investors ahead of subscription
RR Kabel IPO will open for subscription on Wednesday, September 13 and close on Friday, September 15.

OMCs incur losses on petrol, diesel sales as Brent rises to $91/bbl; Kotak cuts Q2 growth outlook for IOC, HPCL, BPCL
Domestic brokerage firm Kotak Institutional Equities has ‘reduced’ their ratings on all three OMC stocks and has said that the companies have incurred losses over petrol and diesel sales with frozen retail prices and high crude oil rates.

Gold price today: Rates slip ahead of US inflation data; what should be your strategy for bullion today?
Gold prices traded lower as investors await US inflation data that could influence interest rate expectations.

GMR Power and Urban Infra share price jumps 10% on₹2,470 crore smart metering project in Uttar Pradesh
GMR Power and Urban Infra's share price surged 10% after receiving a smart metering project worth ₹2,470 crore in Uttar Pradesh.

Ashish Kacholia Loves this Stock. Is it Right for You?
The biggest holding in Ashish Kacholia’s portfolio is up 119% in 2023 so far.

Why Suzlon Energy shares locked in 5% lower circuit for second straight day-Explained
The stock of the renewable energy major has been locked in a lower circuit for the the second straight day. With today's stock movement, Suzlon Energy is down for the fourth consecutive session.

Jiwanram IPO: What latest GMP, subscription status signal ahead of allotment date
Jiwanram Sheoduttrai Industries IPO subscribed 112.96 times, with allotment on Sept 15 and listing on Sept 21.

Samhi Hotels IPO: Issue to open tomorrow; check latest GMP, IPO price band, other key things to know
Samhi Hotels IPO comprises a fresh issue of equity shares worth ₹1,200 crore and an Offer For Sale (OFS) of 1.35 crore equity shares by existing shareholders. At the upper end of the price band, Samhi Hotels plans to raise up to ₹1,370.10 crore from the maiden public offer.

ECB policy outcome tomorrow: Another rate hike could push EU into long recession, warn analysts
The ECB had said that it has kept its options open on whether more increases will be needed to bring down inflation against a worsening economic backdrop. This means the central bank is prepared to raise interest rates again, in its consistent battle against global inflationary pressures.

Nifty PSU Bank hits 52-week high, up over 10% in September; BoB, PNB, SBI among top picks by analysts
PSU bank shares have climbed more than 10 per cent so far in September alone, pushing its sectoral index to multi-year highs.

Zaggle Prepaid Ocean Services IPO opens tomorrow; GMP, price band, dates and other details to know
Zaggle Prepaid Ocean Services IPO opens for subscription tomorrow. The IPO price band is set between ₹156 to ₹164 per equity share. The estimated listing price is ₹196 per share.

Samhi Hotels IPO: Goldman Sachs-backed IPO mobilises₹616 crore from anchor investors ahead of subscription
Samhi Hotels IPO: The public issue will open for subscription on September 14 (Thursday) and close on September 18 (Monday).

Nifty closes above 20K for first time
While Nifty ended the day at the record closing high of 20070, Sensex, with gains of 0.38%, closed at 67466.99 and is inching close to its all-time high of 67619.17 seen in July.

Ahead of IPO, Zaggle Prepaid Ocean Services collects over₹253 crore from anchor investors
Fintech Zaggle Prepaid Ocean Services sets price band at ₹156-164 for its ₹564 crore IPO.

Buy or sell: Vaishali Parekh recommends three stocks to buy today — September 14
Buy or sell stocks: Vaishali Parekh of Prabhudas Lilladher has recommended three stocks to buy today — SBI, Tourism Finance Corporation of India and Nocil

BoB, PNB to Canara Bank: These four Nifty PSU bank shares hit 52-week high. Experts see more upside
Nifty PSU index has hit record high but large-cap Nifty PSU banks that have managed to improve their net interest margins and CASA are going to continue rally in short to medium term, say stock market experts

Jupiter Lifeline Hospital IPO: What does the latest GMP signal ahead of listing; check key details
Jupiter Lifeline Hospitals IPO share allotment finalised; listing date set for September 18; grey market premium at +230.

JSW Infrastructure IPO: Issue to open on September 25, close on September 27: Report
JSW Infrastructure IPO comprises only a fresh issue by the company and does not have an offer-for-sale component. The IPO price band will be announced in the coming days.