Financial Summary: Sunday, August 30, 2026

India, Uzbekistan Set $5B Trade Target, Cut Barriers

Prime Minister Modi visited Uzbekistan, signaling deepened bilateral ties, as both nations set a target for $5 billion in trade by 2030 and agreed to reduce barriers.

Nifty defends 23,900 support, range-bound between 23,900-24,750

Nifty remains range-bound between 23,900 and 24,750 as bulls defend lower support amid selective buying.

Top-10 firms lose ₹1.13 lakh crore as Airtel, Reliance slide

Seven of India's top-10 most-valued firms lost a combined ₹1.13 lakh crore in market capitalization last week, with Bharti Airtel and Reliance Industries experiencing the steepest declines. The broader market declined for the third consecutive week.

FPIs pump Rs 30,919 crore into Indian equities in August

Foreign portfolio investors (FPIs) have turned net buyers for the second consecutive month, investing Rs 30,919 crore in Indian equities during August. This marks a sustained reversal from earlier outflows, signaling renewed foreign confidence in Indian markets. The consistent buying streak suggests improving sentiment amid global and domestic economic conditions.

SBI to sell 1% NSE stake via IPO

State Bank of India and its subsidiary SBI Capital Markets plan to sell up to 0.65% and 0.35% stakes respectively in the National Stock Exchange (NSE) via an IPO, representing a total divestment of approximately 1%. The move aligns with SBI's strategy to monetize investments.

HDFC Bank CEO race narrows to Bharucha, outsider as board weighs options

HDFC Bank’s board narrows the chief executive officer race between internal candidate Kaizad Bharucha and an external candidate, with a decision expected to balance continuity and fresh perspectives before Sashidhar Jagdishan’s term ends.

HDFC Bank CEO Jagdishan to Retire; Succession Search Intensifies

HDFC Bank CEO Sashidhar Jagdishan will retire in October, sparking a high-stakes succession search as the bank faces underperformance; its share price has fallen 25% over the past year and it now accounts for a smaller portion of large-cap funds compared to ICICI Bank.

India's April-June GDP seen up 7-7.5%, SBI projects 8%

Analysts expect India's April-June GDP to grow by 7-7.5%, with SBI Research projecting 8%. FY27 growth is forecast between 7-7.2%, supported by domestic demand and capital expenditure.

Government Expands Fertilizer Tracking Platform to Include Land Records

The government has expanded its Integrated Fertilizer Management System (iFMS) to integrate land records, enhancing transparency and efficiency in fertilizer distribution and subsidy allocation for 140 million buyers annually, managing nearly ₹2 trillion in subsidies.