Financial Summary: Thursday, August 13, 2026

Iran disputes Trump's Hormuz control claim as traffic sinks to 3-month low

Iran disputes President Trump's claim of total control over the Strait of Hormuz, as shipping traffic has fallen to a three-month low. Brent crude traded near $88 per barrel, up 12% in six sessions, amid a reported shortfall of 1.8 million barrels per day due to the US-Iran conflict.

US and Iran escalate Hormuz blockade as oil stockpiles hit 5-year low

The US and Iran remain at loggerheads over control of the Strait of Hormuz, with escalating tensions threatening global oil supplies.

SEBI study finds anchor investors dump half of IPO holdings within a year

A SEBI study indicates that anchor investors in Indian IPOs sell approximately half of their holdings within a year, with foreign portfolio investors being the largest sellers initially post-lock-in. Smaller IPOs see even higher exit rates among anchors, averaging up to 72.5% by T+365, and this trend correlates with an average price impact of -3.5%.

Nifty targets 24,500 as weekly expiry tests support at 24,190

Nifty is testing the 24,500 level amid a focus on support at 24,190-24,050; BHEL and Aarti Industries are key stocks with buy recommendations. The index broke the 24,450-24,650 range and is retracing to 24,774 from 23,606.

Crude oil pressure keeps Nifty, Sensex flat at open

Indian benchmark indices Nifty and Sensex opened flat as high crude oil prices offset gains in Asian markets, where tech stocks rebounded amid easing US inflation concerns. GIFT Nifty signaled a muted to negative start.

Lenskart shares jump 7% to record high on 182% profit surge

Lenskart shares surged nearly 7% to a fresh 52-week high, crossing ₹600 for the first time, after reporting a strong Q1 with adjusted PAT soaring 240% YoY and a 182% profit surge. Analysts are bullish on margin growth, and the rally is also fueled by MSCI inclusion buzz. The stock's record performance contrasts sharply with Grasim's decline in the same session.

Astral shares surge 10% on 48% profit jump, two broker upgrades

Astral Ltd. shares rose 10%, their largest gain in five years, following a 48% year-on-year increase in Q1 PAT. JPMorgan and Nuvama upgraded the stock, citing in-line EBITDA growth and positive outlook.

Amagi Media Labs shares surge 14% to record high on 760% profit jump

Amagi Media Labs shares rose 14% to a record high following a consolidated net profit of Rs 34 crore, marking an 8-fold increase from the prior year and a 760.66% jump in profit after tax.

Sebi proposes Rs 5 crore asset threshold for accredited investors

Sebi has proposed a Rs 5 crore asset threshold for accredited investors, with plans to include manager-led accreditation and recognize securities market assets as an eligibility criterion.

Sebi proposes Rs 5 crore asset threshold to widen accredited investor pool

India's market regulator Sebi has proposed a Rs 5 crore asset threshold for individuals to qualify as accredited investors, aiming to broaden the pool of sophisticated investors. The proposal, which includes an additional securities market assets criterion, is now open for public comments.

India's July exports surge 19.63% to $44.24 bn, trade deficit hits $31.98 bn

India's July exports grew 19.63% year-on-year to $44.24 billion, with a trade deficit of $31.98 billion reflecting higher import demand.

Anthropic CFO Leads IPO Talks, Valuation Unset

Anthropic's CFO Krishna Rao is leading initial meetings for an IPO, focusing on strategic discussions without delving into financials or specific valuations. Market interest suggests potential for a highly lucrative offering.