1. Asia: Stocks in Asia Pacific rose in Wednesday morning trade as stocks on Wall Street notched new records overnight. In Japan, the Nikkei 225 gained 0.41 percent in early trade while the Topix index added 0.18 percent. South Korea’s Kospi rose 0.38 percent. Meanwhile, Australia’s S&P/ASX 200 advanced 0.51 percent. Overall, the MSCI Asia ex-Japan index traded about 0.1 percent higher, reported CNBC International. (Image: Reuters)

2. US: Stocks rose on Tuesday, led by tech shares, as traders kicked off a historically tough month for the market on the right foot and built on Wall Street’s best August performance since the 1980s. The Dow Jones Industrial Average gained 215.61 points, or 0.8 percent, to close at 28,645.66. The S&P 500 climbed 0.8 percent to 3,526.65 and the Nasdaq Composite advanced 1.4 percent to 11,939.67. Both the S&P 500 and Nasdaq hit all-time highs, reported CNBC International. (Image: Reuters)

3. Market At Close On Tuesday: The Indian benchmark equity indices, Sensex and Nifty ended higher on Tuesday led by gains in metals, pharma and FMCG stocks amid positive global cues. The Sensex ended 272.51 points or 0.71 percent higher at 38,900.80 while the Nifty gained 82.75 points or 0.73 percent to settle at 11,470.25. Broader indices participated in the rally with Nifty Midcap and Nifty Smallcap indices gaining 0.82 percent and 0.37 percent, respectively. (Image: Reuters)

4. Crude Oil: Oil prices rose on Tuesday, reversing overnight losses as better-than-expected U.S. manufacturing activity data spurred hope for a post-pandemic economic recovery, and as analysts forecast a sixth weekly drawdown in U.S. crude inventories. Brent crude futures gained 30 cents, or 0.66 percent, to settle at $45.58 per barrel, while West Texas Intermediate crude futures settled 15 cents, or 0.4 percent, higher at $42.76 per barrel, reported CNBC International. (Image: AP)

5. Rupee Close: The Indian currency ended at a 6-month higher level on Tuesday. The rupee ended at 72.87 against the US dollar as compared to Monday’s close of 73.60. Forex traders said the domestic unit gathered momentum after the Reserve Bank of India announced various steps to ease pressure on liquidity. (Image: Reuters)

6. Unlock 4 Guidelines: The Centre has retained cinema halls, swimming pools and entertainment parks in the list of prohibited activities in the Unlock 4.0 guidelines issued on Saturday, August 29. Any decision on the reopening cinema halls, swimming pools, entertainment parks likely will be made in September end factoring in the COVID-19 situation, sources told CNBC-TV18. As part of the Unlock 4.0 guidelines released by the Union Ministry of Home Affairs (MHA), the Centre has relaxed the ban on serving liquor, allowing restaurant and hotels to resume operations. The guidelines and standard operating procedures (SoPs) in this regard, however, will be issued by the states. The move comes as the MHA also eased the consumption of liquor, paan, gutkha and tobacco in public places under Unlock 4.0. (Image: Reuters)

7. GST Collections: The Finance Ministry has confirmed that GST collections for the month of August have come in at Rs 86,449 crore, confirming a CNBC-TV18 report from earlier today. Of this, Rs 15,906 crore is CGST, Rs 21,064 crore is SGST, IGST of Rs 42,264 crore (including Rs 19,179 crore collected on import of goods) and a cess collection of Rs 7, 215 crore (including Rs673 crore collected on import of goods). However, on a month-on-month basis, August numbers reflect a slowdown in growth compared to last month, when GST collections were at Rs 87,422 crore. There is approximately a Rs 1,000 crore shortfall collections this month. GST collections for August 2020 are 11.96 percent lower when compared to the year ago period. In August 2019, GST collections were at Rs 98,202 crore. (stock image)

8. CII-IBA Survey On Economic Recovery: The Indian economic activity has also started showing signs of revival after the strict lockdown was relaxed, revealed a CII- IBA survey report released today. “The CII – IBA Financial Conditions Index for Q2 FY 2020-21 recorded a much needed encouragement and has registered an optimistic value of 65.2 owing to expectation of improvement in the overall financial conditions in the economy on account of all factors namely External Financial Linkages, Funding Liquidity Index, Economic Activity Index and Cost of Funds Index,” the survey report stated. The survey results indicate that there was significant improvement in all the factors compared to the previous quarter barring the Cost of Funds Index. (image: Reuters)

9. Moody’s On Emerging Market Sovereigns: Moody’s Investors Service on Tuesday said India will be among the large emerging market sovereigns to have highest debt burden by 2021. The coronavirus pandemic-induced deterioration in growth and fiscal dynamics will leave most large emerging market sovereigns with higher debt burdens over the next few years, it said. We expect government debt in the large emerging market sovereigns to rise by almost 10 percentage points of GDP on average by the end of 2021 from 2019 levels, driven primarily by wider primary deficits, although some are likely to see higher interest payments contributing to higher debt, Moody’s said. (Image: Reuters)

10. McKinsey Report On Restarting India: India will need a reform agenda over the next 12-18 months to speed up GDP growth and aim for the creation of at least 90 million non-farm jobs by 2030. To meet that target the economy needs to grow between 8 and 8.5 percent annually over the next decade, according to a report by According to a McKinsey. The report warns that lower growth of between 5.5 to 6 percent would help the economy absorb only about six million new workers, marking a decade of lost opportunity. The report highlights the need to boost the manufacturing and construction sectors and focus on trends like digitization, automation and sustainability to create about $2.5 trillion in economic value by 2030, and support 112 million jobs. (Image: Timsy Jaipuria/CNBC-TV18)