Sun Pharma shares: The company revealed that the FDA classified its Halol facility as “Official Action Indicated” after finding CGMP violations during a June inspection, resulting in an Import Alert that blocks U.S. shipments except for approved exemptions.

Wall Street s major indexes achieved record closing highs, propelled by UnitedHealth s strong performance and revised payroll data fueling expectations of Federal Reserve interest rate cuts. Optimism surrounding artificial intelligence and anticipated lower borrowing costs continued to drive the market rally. However, Apple shares declined after the unveiling of new iPhones failed to impress investors.

Oil prices saw an increase. This happened after Israel s strike on Hamas leaders in Qatar. Donald Trump also urged Europe to tax Russian oil buyers. However, market weakness limited the gains. The attack initially boosted prices. But prices fell back after a U.S. response. Concerns remain about Russian oil exports and global supply. Traders anticipate a Federal Reserve rate cut.

The US dollar remained stable as investors awaited key inflation data. These reports will influence the Federal Reserve s interest rate decisions. A rate cut is expected at the upcoming policy meeting. The size of the cut depends on the impact of tariffs on prices. Globally, investors are monitoring political developments in Japan, France and Indonesia.

Gold prices remained steady on Wednesday. Investors are waiting for important inflation reports later this week. Expectations of a U.S. interest rate cut this month helped keep gold above $3,600 per ounce. The dollar index rose, making gold more expensive for other currency holders. Focus is now on U.S.

Urban Company garnered Rs 854 crore from anchor investors before its IPO. The IPO opens for subscription from September 10-12, with a price band of Rs 98-103 per share. The company aims to raise Rs 472 crore through fresh shares. Existing investors will sell stakes worth Rs 1,428 crore. Funds will be used for technology, infrastructure, and marketing.

Japanese government bonds faced a dip on Wednesday. This happened before the sale of securities. The five-year yield increased. The ten-year yield also saw a rise. The Ministry of Finance plans to sell five-year JGBs. These events unfolded after Shigeru Ishiba s resignation. Sanae Takaichi is a contender for leadership. She supports the Abenomics policies.

Brigade Enterprises plans a luxury housing project in Bengaluru. The project aims for a revenue of Rs 2,500 crore. It is a joint development on 10.75 acres in East Bengaluru. The project will have 2.5 million square feet of saleable area. Brigade focuses on high-quality developments in premium locations. The company has projects across multiple cities in South India.

Urban Company s Rs 1,900 crore IPO opens today, priced at Rs 98–103 per share, featuring a fresh issue and offer-for-sale. GMP indicates a 35% premium, reflecting strong demand. Founded in 2014, the company connects customers with service professionals and reported Rs 1,144.5 crore revenue in FY25, turning profitable.