Wholesale Inflation

• Indian stock markets closed today for the Ganesh Chaturthi holiday, pausing updates for the Nifty 50 and Sensex. • The National Company Law Tribunal will hear the proposed merger of Piombino Steel into JSW Steel on 24 September. • Market closures prevent active trading and real-time price updates for retail and institutional investors today.

• U.S. Treasury yields remained unchanged on Thursday as investors waited for the release of wholesale inflation data. • The 10-year Treasury note yield held steady at 4.8407%, while the 2-year yield remained flat at 4.4236%. • These yields serve as the primary benchmarks for determining the cost of mortgage borrowing, auto loans, and credit card debt.

• Wall Street traded mixed on Wednesday morning, with the S&P 500 down 0.1%, Dow Jones Industrial Average dropping 235 points or 0.5% at 9:35 a.m. ET, and Nasdaq up 0.2% amid a technology sector rebound. • Tech stocks like Micron Technology surged 4.3% and Nvidia rose 2.4%, the top gainer on the S&P 500, following a pause in AI-driven momentum; Nvidia CEO Jensen Huang was invited by President Trump to discuss AI chip shipments to China. • A wholesale inflation report showed prices significantly higher than expected last month, following Tuesday's consumer inflation acceleration, driven by rising fuel, transportation, food prices from tariffs, weather, and oil disruptions from the Iran war.