Top 10 Penny Stocks Gainers Today - September 9, 2022

The US Federal Reserve seems likely to go for another 75 basis point rate hike this month in an attempt to reduce inflation. According to CME Group, investors in the US interest-rate futures markets saw a roughly 75% probability on Wednesday that the Fed will raise rates by another 75 basis points this month. 

The US labour market has remained strong over the last few months, with employers adding 315,000 jobs in August, a healthy gain. While inflation slowed a bit in July, underlying price and wage growth pressures suggest it could go above the Federal Reserve's 2 per cent target. 

As per a draft government plan, India expects annual electricity demand to grow at an average of 7.2% over five years ending March 2027, nearly double the growth rate of over 4% seen during the five years to March 2022. 

The Central Electricity Authority (CEA), an advisory body to the power ministry, said in a draft plan India's power demand would reach 1,874 billion units during the year ending March 2027, compared with over 1,320 billion units in 2021-22.  

According to the plan, India would add a power generation capacity of 165.3 gigawatts (GW) over five years ending March 2027, most of which would be renewable energy. That would represent a 41% increase from the current installed capacity of 404.1 GW. 

Rain Carbon Inc, a leading global producer of carbon-based products and advanced materials (and a wholly owned subsidiary company of Rain Industries), today announced that it has temporarily closed an operating unit in Europe and is developing additional energy-related contingency plans for its other European production units in anticipation of potential natural gas shortages and price spikes during the upcoming winter months resulting from the unprecedented and unpredictable geopolitical environment.