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​Cleveland Fed President Beth Hammack urged caution on monetary easing, citing persistent inflation above target. Despite a recent rate cut, she stressed restrictive policy remains vital as employment nears maximum levels.
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Gold October futures hit a record ₹1,12,419/10g on Tuesday, up ₹23,000 from lifetime lows, as safe-haven demand stays strong ahead of the Fed chief’s speech. Silver futures stayed muted at ₹1,33,531/kg after Monday’s sharp rally.
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Saatvik Green Energy IPO is fully subscribed on Day 3, though its grey market premium has slipped to 2%. The solar module manufacturer, offering EPC services, plans expansion across India and abroad. Analysts view the IPO as undervalued with strong long-term growth potential.
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Nvidia plans a $100B investment in OpenAI, reinforcing its AI dominance. The deal secures GPU demand, strengthens partnerships, and positions Nvidia as the backbone of next-gen AI infrastructure despite risks.
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Shares of Maruti Suzuki, Hyundai Motor, M&M, Eicher Motors, Tata Motors, and Hero MotoCorp surged up to 5% on Tuesday, September 23, after a strong start to Navratri and the rollout of GST 2.0. By 9:30 am, the Nifty Auto index was up 2%, led by Hyundai, while other major automakers also posted solid gains.
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