Good morning!
Here are the top stories to start your day.
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⭐ IEX trading volumes dip
Trading volumes on Indian Energy Exchange (IEX) dipped 18% year-on-year to 7,805 million units (MU) in August 2022. The exchange highlighted that the supply side issues remained due to high prices of imported coal, fuel shortage and increased e-auction price.
⭐ Matrimony.com launches new platform
Matrimony service provider has launched a matchmaking platform called RainbowLuv for the LGBTQIA+ community. The company is, reportedly, eyeing the 80-150 lakh user market. It also believes that the service could find better response from smaller cities where the community meetup opportunities are lesser compared to metro cities.
⭐ OPEC to cut oil output
For the first time in a year, OPEC agreed to cut oil output. The move is aimed to stabilise international crude oil prices which have been on a decline over the last three months. Global economic slowdown had a negative impact on crude prices. OPEC will reduce production by 100,000 barrels per day in October. OPEC will meet next on 5 October.
Global markets (at 7:30 AM today)
| Indices | Today's movement |
| SGX Nifty | ▲0.12% |
| Nikkei 225 (Japan) | ▲0.02% |
| Hang Seng (Hong Kong) | ▼ 0.43% |
| SSE Composite (China) | ▲0.51% |
| Dow Jones (US) (September 02) | ▼ 1.07% |
| NYSE (US) (September 02) | ▼ 0.89% |
| Nasdaq (US) (September 02) | ▼ 1.31% |
| S&P 500 (US) (September 02) | ▼ 1.07% |
Fact of the day
According to the reports, a 43-year-old woman in the US won a $50,000 (nearly ₹40 lakh) lottery prize by using the license plate number from her wrecked car.
Source: NDTV