Financial Summary: Wednesday, August 19, 2026

Iran mocks Trump's Hormuz claims as 3 ships shift to Oman route

Iran has ridiculed President Trump's claims over control of the Strait of Hormuz, releasing a map to counter assertions.

UAE halts Iran trade as Trump rules out talks, oil jumps 5%

The UAE has suspended trade with Iran after President Trump ruled out negotiations, spurring an increase in oil prices by 5%.

Sensex falls 326 points to 76,910, extends losing streak to seven sessions

The BSE Sensex declined 0.42% to close at 76,910 after seven consecutive sessions of losses, while the Nifty50 fell 0.32% to end below 24,100. The Nifty IT index outperformed with a gain of 0.73%.

Nifty slides toward 24,000 as oil prices, weak triggers weigh

Indian equity benchmarks, particularly the Nifty, are extending losses toward 24,000 amid six-session declines, driven by rising oil prices and weak global cues. FPIs bought shares worth Rs 1,651.53 crore on August 18th, while DIIs were net buyers to the tune of Rs 2,579.31 crore.

Nifty slides 7th day, nears 24,000 as crude, yields bite

Indian equity indices extended their seventh consecutive session of losses, with the Nifty slipping below its 50-day moving average. Despite a close above 24,000, foreign and domestic institutional investors remained net buyers.

Behari Lal Engineering lists at 63% premium, touches ₹529

Behari Lal Engineering made a 63% premium debut on the NSE, listing at ₹529.

Shiprocket lists at 35% premium, shares touch ₹144 intraday

Shiprocket listed at a 35% premium over its IPO price, reaching an intraday high of ₹144.

Indian Bank raises $400 million via Gift City bonds

Indian Bank raised $400 million through a four-year bond issuance in Gift City, marking its debut in the international bond market and attracting major global investors such as BlackRock and Capital Group.

SEBI bars two entities, impounds ₹3.67 crore for Sensex CAS manipulation

SEBI has barred two entities and impounded ₹3.67 crore for prima facie manipulation of the Sensex closing auction session on its expiry day, vowing strict action against such trades.

Rupee slides to 95.76, RBI defends 96 level

The rupee weakened to 95.76 against the US dollar, down 2 paise, amid higher global crude oil prices and domestic equity market declines, but remains supported by RBI intervention and foreign fund inflows.

India offers city gas distributors incentives to boost piped cooking gas connections

India has approved an incentive scheme for city gas distributors to expand piped natural gas connections, boosting shares of IGL, MGL, and Adani Total Gas up to 6% on Wednesday.

Marvell Jumps 6% on Google AI Chip Deal, $12.2B Share Purchase

Marvell Technology's shares rose 6% following a deal with Google for custom AI chips, which includes an investment warrant allowing Google to buy up to $12.2 billion in Marvell shares.