The S&P 500 and Nasdaq achieved record highs, fueled by Oracle s surge due to AI demand and encouraging inflation data, bolstering expectations of Federal Reserve interest rate cuts. AI-related chip stocks also rallied, while Apple declined. Investors are now awaiting consumer prices data for further inflation insights.

Gold prices saw a slight increase. This happened after U.S. producer price data came out lower than expected. The data increased anticipation of a Federal Reserve interest rate cut. Investors are now waiting for U.S. Consumer Price Index data. The Federal Reserve is expected to make a decision on interest rates next Wednesday.

The dollar stabilized as expectations grew for a Federal Reserve rate cut following a surprise drop in U.S. producer prices. Markets anticipate a rate cut, with attention on the size of the reduction and potential changes to the Fed s rate-setting panel. Elsewhere, the yen remained steady, while the euro rose ahead of the ECB meeting amid geopolitical tensions.

The Australian and New Zealand dollars showed stability near recent high points. Investors are keenly waiting for the U.S. inflation figures. Technical momentum supported potential gains. The Reserve Bank of Australia is unlikely to ease rates soon. Meanwhile, the Reserve Bank of New Zealand maintains a dovish outlook. Australian gold exports have surged significantly this year.

Alibaba plans to raise $3.2 billion through a zero-coupon convertible bond to fuel international expansion and bolster its cloud computing business. Nearly 80% will upgrade data centers and technology for cloud solutions, while the rest enhances global e-commerce. This move follows previous bond issuances and aligns with Alibaba s significant AI investment, aiming to drive cloud revenue growth.

The Municipal Corporation of Delhi has launched a new system. It integrates factory licence fees with the property tax portal. This aims to simplify business for industrial units. Now, units in designated areas do not need separate factory licence applications. The fee is 5% of annual property tax. Payment is through a single portal. The factory licence will be auto-generated.

Oil prices remained stable on Thursday after a previous surge, influenced by both geopolitical tensions and economic factors. Attacks in the Middle East and the Ukraine war initially boosted prices, but concerns about weak U.S. demand and ample oil supplies tempered the gains. Rising U.S.

Goldman Sachs anticipates its busiest week for IPOs since July 2021, fueled by rallying equity markets and successful debuts from tech companies like Figma and Firefly Aerospace. Increased M&A activity signals a recovery in dealmaking, despite lingering concerns about inflation, a softening labor market, and the uncertain impact of trade tariffs on economic growth.

Infosys board will meet today to discuss a share buyback. This comes as Infosys stock has not performed well. The stock has fallen nearly 25% in the past year. Investors are watching to see if the buyback will be a tender offer or open market. This would be Infosys fifth buyback. FII selling has also impacted Indian IT stocks.

Airfloa Rail Technology s SME IPO will launched today. The IPO sees significant investor demand. The company plans to raise approximately Rs 91 crore through a fresh equity sale. The IPO will remain open until September 15. Airfloa manufactures components for Indian Railways and the aerospace and defence sectors.