BILKUL BAZAAR— The Daily News Wrap
9:00 PM |10 – 11 Aug 2026
National Business News Highlights
1. Sensex falls 388 points, Nifty slips below 24,500
Indian equities ended sharply lower on Tuesday as rising crude prices and geopolitical uncertainty weighed on investor sentiment. The Sensex fell 388 points while the Nifty closed below 24,500.
2. Crude oil surge puts pressure on Indian markets
Brent crude moved close to the $90-a-barrel mark amid uncertainty over the Strait of Hormuz. Higher oil prices raised concerns over India’s import bill, inflation and corporate margins.
3. LEAP India IPO receives strong investor response
The LEAP India IPO was subscribed 8.38 times, receiving bids for 96.32 crore shares against 11.49 crore shares on offer, reflecting strong demand for the logistics and supply-chain company.
4. Milky Mist IPO attracts investor attention
The Milky Mist Dairy Food IPO is drawing attention as investors assess its growth prospects against a valuation of around 85 times FY26 earnings.
5. Paytm shares extend recent rally
Paytm shares continued their strong recent performance, gaining almost 12% over two sessions as brokerages raised their price targets and investor sentiment improved.
6. Goldman Sachs appoints Chandresh Chheda as India investment-banking co-head
Goldman Sachs has appointed Chandresh Chheda, formerly of JPMorgan, as co-head of its investment-banking business in India alongside Dev Nambakam.
7. More than 220 companies in focus amid earnings season
The current Q1 FY27 earnings season remains active, with more than 220 companies scheduled to report results during the week, including Vodafone Idea, Bosch, Lloyds Metals and Energy and several other major companies.
8. Rubicon Research AGM to consider dividend and merger
Rubicon Research will consider a ₹1.50-per-share dividend and the proposed merger of KIA Health Tech at its upcoming annual general meeting.
9. Tube Investments shares decline amid market weakness
Tube Investments of India shares fell about 2.15% during Tuesday’s trading session as broader market sentiment remained cautious.
10. Pharma stocks outperform as broader market weakens
While realty, metals, FMCG and financial stocks came under pressure, the pharma sector showed relative strength, helping limit the broader market decline.
International Business News Highlights
1. Oil prices remain near one-week highs
Oil prices eased slightly on Tuesday after reaching their highest levels since July 31. Brent crude was around $87.22 a barrel, while WTI stood near $81.77 as markets watched developments around the Strait of Hormuz.
2. Wall Street rally loses momentum
US stocks traded under pressure as investors reassessed hopes for a US-Iran agreement. The S&P 500 and Nasdaq slipped, with technology stocks weighing on the market.
3. Argentina’s YPF raises 2026 investment target
Argentine energy company YPF increased its projected 2026 investment to as much as $6.2 billion, up from its earlier estimate of $5.8 billion, signalling increased spending in the country’s energy sector.
4. Euro-zone investor confidence turns positive
The Sentix euro-zone investor-confidence index rose to 0.9 in August from -3.1 in July, its highest level since February, indicating an improvement in investor assessment of current economic conditions.
5. Shein scales back Vietnam logistics operations
Global fashion retailer Shein is sharply reducing its Vietnam operations after a year-long warehouse experiment, according to Reuters, highlighting the challenges companies face while restructuring global supply chains.
💬 QUOTE OF THE DAY
“In the business world, the rearview mirror is always clearer than the windshield.”
— Warren Buffett
Note: You can support us by sponsoring this column. Write at editorbilkul@gmail.com 🌷 Thank You