Good morning!
Here are the top stories to start your day.
For more updates on F&O, click here.
⭐ Made in India semiconductors to impact prices
Vedanta’s chairman said that the company’s new semiconductor plant will be set up in Gujarat with an investment of ₹1.54 lakh crore. He said that ‘Made in India’ semiconductors could bring down prices of finished products. The company aims to eventually make chips for mobile phones, laptops and even electric vehicles.
⭐ Pharma cos under SEBI’s lens
The market regulator SEBI has asked several pharma companies to submit details on the public disclosures that might affect their stock prices. As per a report, SEBI wants to check if all the price-sensitive information was provided in a timely manner to the investors. In several cases, SEBI has reportedly found that no disclosures were made at all.
⭐ US wholesale inflation falls
US wholesale fell to 8.7% in August as compared to 9.8% in July. Meanwhile, the producer price index, which measures inflation before it reaches consumers, fell 0.1% month-on-month from July to August, the second straight monthly decline.
Global markets (at 7:30 AM today)
| Indices | Today's movement |
| SGX Nifty | ▲ 0.24% |
| Nikkei 225 (Japan) | ▲ 0.46% |
| Hang Seng (Hong Kong) | ▲ 0.29% |
| SSE Composite (China) | ▼ 0.66% |
| Dow Jones (US) (September 14) | ▲ 0.1% |
| NYSE (US) (September 14) | ▲ 0.18% |
| Nasdaq (US) (September 14) | ▲ 0.74% |
| S&P 500 (US) (September 14) | ▲ 0.34% |
Fact of the day
India’s largest public sector lender SBI Bank hit the ₹5-trillion-mark in market cap for the first time.