Financial Summary: Tuesday, August 11, 2026

Trump demands Iran reparations as Brent tops $88, oil gains third day

Brent crude futures reached $88 per barrel, their highest since July 31, as US President Donald Trump demands Iranian counter-compensation amid tensions over the Strait of Hormuz. Asian shares drifted due to ongoing global inflation concerns.

Trump demands Iran compensation as crude slips below $87

Oil prices remain volatile around $87 as the Strait of Hormuz deadlock persists, with Gulf shipping traffic falling and no imminent deal in sight. US stocks edged down from record highs, while Asian markets were mixed on Iran conflict concerns. Trump's demand for compensation adds a new layer of geopolitical tension.

GIFT Nifty slips 0.2% as Asian markets diverge on inflation worries

GIFT Nifty is pointing to a muted or slightly negative open for Indian indices, with futures down about 0.2% amid divergent Asian markets and persistent global inflation uncertainty.

Gold jumps ₹1,600 to ₹1.54 lakh on MCX as safe-haven bids surge

Gold prices on MCX surged to ₹1.55 lakh per 10 grams, up ₹1,600, propelled by safe-haven demand and spot buying. Prices rose across all cities, with 24-carat gold in Mumbai increasing by ₹305 and 8 grams of 22-carat gold in Delhi gaining ₹2,440.

Zee Entertainment shares fall 5% as Q1 profit drops 48%

Zee Entertainment's Q1 FY27 profit fell 48% due to weak ad revenue, causing a 5% decline in its share price. The company expects sports to boost Q2 FY27 revenue, though analysts remain cautious.

Kolte-Patil shares surge 19% to 52-week high on Q1 profit turnaround

Kolte-Patil Developers Ltd. shares surged 16% to a fresh 52-week high, after reporting a Q1 FY27 profit turnaround with robust sales and improved margins. Realizations rose 29% to ₹9,442 per square foot, while cash collections increased by 30%.

MRF Q1 profit slips 1.3% to ₹495 crore on margin squeeze

MRF's consolidated net profit for the June 2026 quarter slipped 1.3% year-on-year to ₹495.35 crore due to margin compression from input cost pressures, despite revenue growth.

India approves field trials for 1 billion polymer banknotes

The Indian government has approved the introduction of one billion polymer banknotes in denominations of ₹10 and ₹20, with field trials set to begin. This marks a significant step toward replacing paper currency with more durable polymer notes, following global trends. The trials will test the feasibility and public acceptance of polymer currency in India.

Sebi curbs slash retail F&O losses to Rs 91,685 crore in FY26

Sebi’s regulatory measures have reduced retail equity futures and options losses to Rs 91,685 crore in FY26.

India monsoon weakens over west, south as flood risk rises

The India Meteorological Department has warned of flood risks as heavy rains persist while the monsoon is expected to weaken over western and southern regions.

Intel raises $20B in upsized share sale for AI

Intel has raised $20 billion through an upsized share sale to fund its AI initiatives, surpassing the initially reported $15 billion. However, Intel's stock fell following the announcement, reflecting investor concerns over dilution and skepticism about near-term returns.

Wall Street Backs Huang's AI Financing Plan as Spending Doubts Linger

Jensen Huang's proposal for Wall Street financing of AI infrastructure has garnered support from leading investment firms, though sustainability concerns remain as the industry weighs long-term returns against substantial capital expenditures. Nvidia is partnering with six major investment firms to pool over $500 billion for AI projects.

Nvidia Raises $500B for AI Infrastructure, Stock Climbs

Nvidia has secured $500 billion in funding to accelerate its AI infrastructure buildout, boosting its stock price. Intel has upped its planned stock sale to $20 billion for similar purposes.