Glenmark Pharmaceuticals shares surged following its subsidiary s $700 million upfront payment from AbbVie for an exclusive licensing agreement concerning IGI s lead drug candidate, ISB 2001. The deal grants AbbVie rights in key markets, while Glenmark retains commercialization in emerging regions.

SpiceJet shares rose sharply after the airline completed a $24 million (approx. Rs 200 crore) payment to Credit Suisse, closing a long-standing liability. The full settlement strengthens its balance sheet, boosts investor confidence, and marks a key step in its turnaround efforts.

Dev Accelerator is launching its Initial Public Offering on September 10. The IPO aims to raise Rs 143.35 crore. There is strong investor interest, with shares trading at a premium in the grey market. The company plans to use the funds for expansion and debt repayment. Listing is expected on September 17 on BSE and NSE.

"RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock. This can indicate potential upward movement and may be used by traders to identify buying opportunities.

Nasdaq has filed with the SEC to pioneer tokenised securities trading in the U.S., aiming to integrate blockchain-based settlement while maintaining traditional investor protections.

Hong Kong stocks hit four-year highs on Fed rate cut hopes, with the Hang Seng up 0.8%, while mainland markets fell as SMIC slumped 9% after an acquisition deal, dragging tech shares. Gold miners gained on rising prices, and Hong Kong property shares surged.

Indian bonds gained after FM reaffirmed the 4.4% fiscal deficit target and no extra borrowing, pushing the 10-year yield to 6.45%, with focus now on inflation data.

Indian IT stocks rebounded after a five-day slump, spurred by Infosys announcement of a potential share buyback on September 11. The Nifty IT index rose by 2%, with Infosys leading gains.

Goel Construction shares debuted strongly on the BSE SME platform, opening at a 15% premium of Rs 302.50. The IPO witnessed significant investor interest, being oversubscribed across all categories. The company, specializing in industrial and infrastructure projects, reported substantial revenue and profit growth in FY25, supported by a robust order book.

The dollar weakened to a near seven-week low as investors anticipated revisions to U.S. jobs data, potentially indicating a weaker labor market and bolstering the case for Federal Reserve rate cuts. Economists foresee a significant downward revision in job numbers, possibly prompting the Fed to act more aggressively.