_Markets open — regular Wed session_
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📊 *ECONOMY & POLICY*
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🔥 *Brent nears $100 as Hormuz deal fails*
Brent gained 1.6% over two sessions and briefly topped $98 on Monday, its highest in nearly six weeks, after a proposed Iran-Oman shipping arrangement failed to ease Strait of Hormuz supply fears.
Sustained crude near $100 pressures India’s import bill, CAD and rupee — a key swing factor for RBI’s rate stance and FII flows.
📎 _Read: NDTV Profit_
🤝 *Modi pushes UPI links with more overseas payment systems*
At the Global Fintech Fest in Mumbai, PM Modi urged fintechs to expand UPI’s international footprint, prioritising countries with large Indian diasporas and strong trade ties, building on the Singapore PayNow link.
Deeper UPI interoperability abroad lowers remittance costs and expands the addressable market for NPCI-linked payment and fintech plays.
📎 _Read: ANI, via Free Press Journal_ *(substituted — thehindubusinessline.com blocks direct access; verified via ANI wire pickup)*
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🏢 *COMPANIES*
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📉 *Coforge chairman OP Bhatt resigns after audit flags concerns*
An internal audit into Coforge’s board evaluation process found that material information about Bhatt’s own performance wasn’t fully disclosed to the board; he resigned Sept 8, and Vivek Sharma steps in as interim chair till Jan 2027.
A governance red flag at a large-cap IT name — watch for stock reaction and any follow-through from proxy advisors.
📎 _Read: Business Standard_ *(substituted — ndtvprofit.com link was inaccessible; verified via Business Standard/Reuters)*
📈 *Groww widens broking lead, active clients up 2.23L in Aug*
Groww added 2.23 lakh active clients in August — nearly 44% of the industry’s net additions — lifting its market share from 28.88% to 29.04%, while Zerodha and Angel One held second and third with ~14.8% and ~14.6% shares.
Continued client concentration in Groww reinforces its scale advantage ahead of peer earnings and any further broking-fee competition.
📎 _Read: Entrackr_ *(substituted — thehindubusinessline.com blocks direct access; verified via Entrackr, corroborated by Equitybulls/BusinessToday)*
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🌍 *GLOBAL & WORLD*
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📈 *Japan Q2 GDP revised up to 1.4%, beats estimate*
Growth beat the initial 1.1% estimate on a smaller decline in business investment and resilient real wages, reinforcing bets that the BOJ could hike toward 1.25% at its next meeting.
A firmer BOJ hike path could pull yen carry-trade capital home, a watch-point for EM/India flows alongside the oil-driven Fed repricing.
📎 _Read: Economic Times_
https://economictimes.indiatimes.com/markets/us-stocks/wall-street-guide/global-market-japan-gdp-revision-signals-resilience-as-markets-brace-for-boj-policy-move/articleshow/133907167.cms
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_Compiled by InvestoScope · 09 Sep 2026_