Financial Summary: Monday, August 10, 2026

U.S. turns away 55 ships as Hormuz blockade tightens, fuel prices hold

The U.S. military redirected 55 commercial vessels from Iranian ports last week under its naval blockade, as escalating tensions in the Strait of Hormuz have choked oil and gas trade for over five months, keeping fuel prices steady in major Indian cities despite climbing crude prices.

Dhoot IPO opens today: subscription window starts

Dhoot Transmission’s ₹3,067 crore IPO opens with a price band of ₹829-871 per share. Analysts advise investors to consider market conditions for bidding.

Oil majors bank $48B as Iran war drives crude surge

Five global oil majors have reported a combined $48 billion profit, benefiting from a surge in crude prices driven by tensions with Iran.

BSE to Replace Wipro in Nifty 50, Triggering $246M Outflow

BSE will replace Wipro in the Nifty 50 index effective September 30, 2026, reflecting a shift in valuation based on six-month average free-float market capitalisation and expected to result in a $246 million outflow from Wipro.

Nifty closes above 24,550 as realty rally lifts market after CAS adjustment

Indian equity benchmarks closed higher on August 10 with the Nifty above 24,550, buoyed by a rally in realty shares. The gains followed an exchange CAS adjustment, but SEBI has launched a probe into trades from August 3 and 4 to check for potential manipulation, amid concerns over weak liquidity during the CAS.

Gold slips from 7-week peak as US inflation data looms

Gold prices have slipped from a seven-week high, retreating as traders await US inflation data; domestic MCX gold futures traded at ₹1.52 lakh per 10 grams, up Rs 455. Silver futures also gained 1.09% to ₹2.33 lakh per kg.

Nifty opens flat as Titan, Tech Mahindra lead; US CPI in focus

Indian equity markets opened flat with Titan and Tech Mahindra leading gains, while investors remain cautious ahead of US inflation data. Nifty futures show buying interest at lower levels, suggesting potential upside if CPI comes in softer than expected. The CAS rollout and NTPC trading dynamics are also influencing market sentiment.

Zee Entertainment Q1 profit plunges 48% to Rs 74 crore despite sales rise

Zee Entertainment's Q1 net profit fell 48% year-over-year to Rs 74 crore despite a 5% rise in sales, hit by advertising revenue from the Middle East crisis.

Hitachi Energy shares surge 10% on record ₹32,000 crore order book

Hitachi Energy's shares rose as much as 10% following Q1 results buoyed by a record ₹32,000 crore order book.

State oil firms cut LPG loss to Rs188 per cylinder in August

State-owned fuel retailers have reduced their revenue loss on LPG cylinders to Rs188 per cylinder in August, a sharp narrowing from previous levels. The improvement reflects better cost management or favorable pricing conditions, though losses persist. Both CNBC TV18 and other reports confirm the same figure, indicating a consistent trend.

Sebi proposes raising ISIN cap to 17 for private debt

Sebi proposes raising the annual limit of ISINs for private debt securities to 17 from 14, aiming to ease listing norms for non-banking financial companies and large corporates and streamline compliance.

Govt nets ₹10,463 crore from gold, silver duty hike

The government has collected ₹10,463 crore in additional revenue from increased import duties on gold and silver over the period May 13 to August 2.