Brent crude fell for a third straight session, down more than 1.3% to around $103 a barrel, though it stayed above $100. Tata Group stocks saw their combined market capitalisation drop by about ₹4.2 trillion, or 1.73%. The Indian rupee snapped a seven-session losing streak, supported by the pullback in oil prices.

India has raised the sugar stockholding limit for bulk consumers to 30 days from 15 days, but any additional stock must come from imported sugar under the Advance Authorisation Scheme or Tariff Rate Quota. Sugar bought from the open market remains capped at 15 days’ consumption. In August, retail sugar prices fell about 10% year on year to ₹58.50 per kg, while ex-mill prices dropped nearly 25%. The change is aimed at ensuring festive-season supply and keeping prices in check.

On the first day of the National Stock Exchange (NSE) initial public offering, the ₹22569 crore issue was subscribed 27%, led by non-institutional investors and employees. US stocks rose on Thursday, with the Dow up 250 points as easing oil prices and lower Treasury yields lifted sentiment. Crude fell, with WTI dropping below $100 and Brent trading under $102 after Saudi Arabia activated alternative export routes to ease supply concerns. The rupee continued to weaken, edging toward the ₹96-to-the-dollar level.

Dell shares climbed 5.8% to $565.15 on Tuesday after European AI chip startup Axelera AI unveiled its Europa inference processor, which it expects to appear in future Dell systems. Axelera said more than 600 customers already use its technology and that signed agreements total tens of millions of dollars. It added that its broader potential sales pipeline could reach $1.5 billion, though it said the figure reflects sales opportunities rather than booked revenue. Dell ended its latest quarter with roughly $95 billion of AI server backlog after shipping $16.4 billion of AI systems.

U.S. stocks closed lower on Monday as concerns about the pace and safety of artificial intelligence weighed on technology shares. The S&P 500 fell 0.6%, the Nasdaq Composite lost 0.9%, and the Dow slipped 160 points. Chipmakers led the declines, with Nvidia and Broadcom down 3% each, while AMD and Intel fell 5% apiece and Marvell dropped 6%. Oil prices rose sharply, with WTI up 3% above $103 a barrel and Brent gaining 4.5% above $109.

Nasdaq futures fell nearly 400 points following recent AI-related developments, while Dow futures slipped about 150 to 200 points and S&P 500 futures declined 40 points. Oil prices climbed after Saudi Arabia shut a key East-West pipeline following attacks, sending Brent up 3% to $108 a barrel and pushing WTI close to $103. On the macro front, the U.S. August core CPI rose 0.3% month-on-month, above expectations of 0.2%, while the annual CPI increased 3.4% in line with forecasts.

The Dow fell 300 points on Thursday, taking its four-session decline to more than 1,600 points, while the S&P 500 and Nasdaq each dropped 0.6%. Brent crude rose above $107 a barrel and WTI topped $100 as markets worried about a prolonged war between the US and Iran. US Treasuries sold off broadly, with the 10-year yield rising to 4.96%, the highest since November 2023, and the 30-year yield nearing 5.4%, a level not seen since 2007.

Dell Technologies shares climbed to a record $538.47 on September 9, extending a rally fueled by sustained demand for AI infrastructure. The stock has risen 18.8% this month and is up 326% year-to-date. Dell reported commercial revenue growth of 22%, marking the eighth straight quarter of expansion. The company is also set to issue $5 billion in bonds with orders reaching $23 billion and will join the S&P 100 on September 21.

The US military said it destroyed five Iranian crude oil tankers near Kharg Island after Iran’s Revolutionary Guard Corps targeted a US Navy warship twice with ballistic missiles over two days. Brent crude climbed and approached the $100-per-barrel level as investors weighed the risk of further disruption in the Strait of Hormuz. In China, consumer inflation rose for the first time since April, while factory-gate prices increased more than expected, driven by higher food and energy costs. GrafTech International said it will raise graphite electrode prices by at least 30%, sending its shares up 15%.