Financial Summary: Monday, August 17, 2026

Iran rejects Hormuz seizure plan as shipping slows, inflation hits 134%

Iran has rejected plans to seize the Strait of Hormuz, despite continued tanker attacks and US-Iran tensions. The conflict drives food inflation to 134%, while Brent crude remains steady at $88.50 per barrel following a 6% gain last week.

Iran expands missile and drone arsenal during US ceasefire

Iran has expanded its missile and drone capabilities during a US ceasefire, raising concerns of Gulf war escalation.

Sensex drops 433 points as crude, West Asia tensions weigh

Indian equities fell for a fifth consecutive session, with the Nifty dropping below 24,300 due to elevated crude prices and West Asia tensions.

RBI shuts FCNR(B) swap early as rupee hits 2-week low

The Reserve Bank of India shut its FCNR(B) swap window early, but failed to reverse the rupee's two-week low to 95.61 per dollar and rising bond yields to 6.81%. Inflows from the scheme only partially stabilized the currency.

India's soyoil imports to hit record as war cuts sunflower supply

India is set to import a record volume of soyoil due to disruptions in sunflower oil shipments caused by the Russia-Ukraine war, according to latest reports.

Molbio Diagnostics Surges 21% on Market Debut

Molbio Diagnostics shares surged 21.4% on market debut, trading above their IPO price. Dhoot Transmission also listed at a significant 38% premium.

Zaggle shares crash 20% to lower circuit as Q1 profit falls 33%

Zaggle Prepaid's shares fell 20% to a lower circuit following a 33% year-on-year decline in Q1 profit after tax.

Voltas Q1 profit jumps 51%, shares slip 6% on margin worries

Voltas reported a 51.3% year-on-year increase in Q1 consolidated net profit to ₹212.76 crore, with RAC volume growing 45% year-on-year. Shares slipped over 6% amid concerns about margin sustainability.

RBI Closes FCNR(B) Swap Window Early; Rupee Falls 17 Paise

The Reserve Bank of India unexpectedly closed its FCNR(B) dollar deposit swap window early, causing the rupee to fall 17 paise and bond yields to rise.

SEBI Chairman Affirms Closing Auction Stays, BSE Shares Tumble 5%

SEBI Chairman Pandey affirmed the permanence of closing auction sessions, but BSE shares dropped 5%, hit by a Jefferies downgrade to 'underperform' citing potential impacts on volumes and revenue, as domestic proprietary trading accounts for about half of the exchange's notional turnover.

SEBI warns investors against unregistered advisors on live trading streams

SEBI has warned investors against following unregistered advisors in live trading strategies on social media, highlighting the risks of financial losses from unsolicited tips.

Nvidia backs OpenAI data center with credit and compute

Nvidia has provided financing and computing resources to support OpenAI’s data center in Ohio, aligning with new SEC guidelines that shield sponsors from direct liability.