Financial Summary: Sunday, August 23, 2026

Iran's President defies Trump, warns neighbours over oil routes

Iran's President Pezeshkian has reaffirmed Iran’s stance against US pressure and warned neighbours against joining what he calls Trump’s economic war. Fuel prices remained stable in Indian metros, while Brent crude prices climbed to $94.39 per barrel.

Airtel leads ₹87,960 crore erosion in top-10 firm valuations

Four of India's top-10 most valued firms saw their combined market capitalization erode by ₹87,960 crore on August 23, with Bharti Airtel suffering the steepest decline. The sell-off hit telecom and other major sectors, reflecting broader market volatility. Airtel's valuation drop was the largest among the affected companies.

FPIs inject ₹23,544 crore into Indian equities in August

Foreign portfolio investors injected ₹23,544 crore into Indian equities in August, marking a rebound after four months of heavy selling and driven by earnings expectations and rupee stability.

SEBI study shows 9 in 10 retail F&O traders lose money

A SEBI study indicates that over 90% of retail F&O traders in India's derivatives market incur losses.

Pride Hotels plans ₹1,000 crore IPO by December

Pride Hotels aims for a ₹1,000 crore IPO by December to fund portfolio expansion to 72 properties, targeting growth in leisure, wedding, corporate and pilgrimage destinations.

Commerce Secretary to visit Latin America as India nears Mexico, Chile pacts

India's Commerce Secretary will visit Latin America from August 24-28 to diversify trade, as negotiations with Mexico and Chile advance. The India-Mexico pact is near finalization with a November signing expected, while India-Chile talks focus on market access and critical minerals.

FSSAI suspends Marche Retail licence, bans SDP ghee sales

India's food safety regulator, FSSAI, has suspended Marche Retail Pvt Ltd's licence and banned SDP Industries Pvt Ltd from selling its Shraddha, Shree Saras and Gokul ghee brands due to compliance failures.