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Indian Market
Weekly Business
Brief
Brief
14 AUGUST 2026
1
Market Recap
Indian equities closed the week of August 10–14 lower, ending a two-week streak of weekly gains, according to exchange data. Nifty 50 declined 0.83% and Sensex fell 0.62% for the week, with selling recorded in auto, energy, FMCG, metal, pharma and realty stocks, while consumer durables and media shares registered gains, according to Business Standard. No exchange holiday was observed this week.
Nifty 5024,366.00▼ −0.83%
Sensex78,009.25▼ −0.62%
Bank Nifty57,491.10▼ −0.44%
Why it matters:
- India's retail inflation for July rose to 4.45%, a 19-month high, coinciding with the week's trading activity, according to data released by the Ministry of Statistics on August 12.
- Brent crude oil rose past $84 a barrel during the week amid renewed US-Iran diplomatic tensions, a development market participants associate with India's import costs and currency movements, according to market commentary.
2
India's July Retail Inflation Rises to 4.45%, a 19-Month High
India's Consumer Price Index-based retail inflation rose to 4.45% in July from 4.38% in June, according to data released by the Ministry of Statistics and Programme Implementation on August 12. Food inflation, measured by the Consumer Food Price Index, increased to 5.52% from 5.32%, with onion, ginger and garlic prices recording sharp month-on-month increases, according to the release.
CPI (July)4.45%▲ from 4.38%
Food Inflation (CFPI)5.52%▲ from 5.32%
Why it matters:
- The July reading was the highest in 19 months, trailing only the 5.2% recorded in December 2024, according to the official release.
- This was the second consecutive month in which the print remained above the RBI's 4% medium-term inflation target, according to official data.
3
Brent Crude Rises Past $84/Barrel Amid US-Iran Tensions
Brent crude oil futures rose to $84.87 a barrel during the week, according to market data, following renewed diplomatic friction between the United States and Iran. India imports the majority of its crude oil requirements, and market participants monitor crude price movements for their association with the trade balance and the rupee, according to market commentary.
Brent Crude$84.87/bbl▲ from ~$79.50
Why it matters:
- The price increase coincided with declines in the Nifty Energy and auto-related indices during the week, according to exchange data.
- Higher crude prices are a factor market participants associate with India's import costs and currency movements, according to market commentary.
4
Parliament Passes Mines and Minerals Amendment Bill, 2026
Parliament passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2026, with the Rajya Sabha clearing it a day after the Lok Sabha, according to PRS India. The legislation allows existing mining lease holders to add critical and strategic minerals such as lithium, cobalt, nickel and graphite to their leases without additional payment, and removes the 50% ceiling on captive mine sales.
StatusPassed by Parliament
Key MineralsLithium, Cobalt, Nickel
Why it matters:
- The amendment restricts state governments from imposing new taxes on mineral rights without conditions prescribed by the central government, according to the bill text.
- The National Mineral Exploration Trust will be renamed and expanded to fund mineral and mine development in addition to exploration, according to PRS India.
5
Milky Mist Dairy Food IPO Subscribed Over 59 Times
The ₹1,553 crore initial public offering of Milky Mist Dairy Food, comprising a ₹1,428 crore fresh issue and a ₹125 crore offer for sale, was subscribed 59.08 times by the close of bidding on August 13, according to exchange data. The issue was priced in a band of ₹133–140 per share, with allotment finalised on August 14 and listing scheduled for August 18 on the NSE and BSE.
Subscription59.08x
Issue Size₹1,553 Cr
Why it matters:
- The Tamil Nadu-based dairy products company's issue was among the IPO listings during the week, alongside LEAP India and Technocraft Ventures, according to exchange disclosures.
- Listing-day performance for the issue will be observed on the NSE and BSE on August 18, according to the published exchange schedule.
6
SEBI Study Finds Gradual Anchor Investor Exit From Mainboard IPOs
A SEBI study covering 242 mainboard IPOs listed between April 2022 and October 2025 found aggregate anchor investor exits of approximately 3.2% at 30 days, 8% at 60 days and 17.3% at 90 days post-listing, according to the regulator's report published this week. Smaller issues in the ₹0–250 crore category recorded sharper exits than larger issues, the study noted.
Exit at T+90 (avg)17.3%
Sub-₹250 Cr (T+365)72.5%
Why it matters:
- Foreign portfolio investors accounted for 43.8% of anchor allotment value in the sample, compared with 38.5% for domestic mutual funds, according to the SEBI study.
- The study was published as part of SEBI's ongoing review of the IPO framework, according to Business Standard.
7
Bond Market Update
India's 10-year G-Sec yield closed near 6.76%, compared with 6.78% the previous week, according to exchange data. The yield held relatively steady through the week, coinciding with the release of July retail inflation data and continued movement in crude oil prices amid US-Iran tensions. Trading activity remained largely range-bound ahead of the next scheduled government debt auction, according to market commentary.
10-yr G-Sec6.76%▼ −2 bps (wk)
Why it matters:
- The July CPI print of 4.45%, a 19-month high, was released mid-week and is a data point market participants associate with the RBI's inflation outlook, according to market commentary.
- Crude oil price movements amid US-Iran tensions were observed alongside yield movements during the week, according to exchange data.
8
Commodities
Gold prices in India stood near ₹1,52,800 per 10 grams on August 14, compared with ₹1,51,330 the previous week, according to market data, with rates easing on Friday amid profit booking after earlier gains. Silver prices were near ₹2,34,430 per kg, compared with ₹2,35,170 a week earlier, according to market data.
Gold (10g)₹1,52,800▲ +₹1,470 (wk)
Silver (kg)₹2,34,430▼ −₹740 (wk)
Why it matters:
- Domestic gold and silver prices reflect both global dollar-denominated moves and rupee exchange rate movements, according to market commentary.
- Market participants continue to monitor US Federal Reserve policy expectations and developments in West Asia in connection with precious metal prices, according to market commentary.
9
Currency Update
The Indian Rupee closed the week at ₹95.42 per US dollar, compared with ₹95.20 the previous Friday, according to exchange data. The rupee remained under pressure for much of the week amid rising crude oil prices, before recovering 3 paise on Friday as the US dollar eased following softer-than-expected US inflation data, according to Business Standard.
USD/INR₹95.42▲ +22 paise (wk)
Why it matters:
- Crude oil price increases amid US-Iran tensions during the week are a factor market participants associate with rupee movements, according to market commentary.
- The rupee's Friday recovery coincided with softer US inflation data and reduced expectations of near-term Fed rate action, according to Business Standard.
10
Institutional Flows (August 2026 MTD)
Foreign portfolio investors were reported as net buyers of Indian equities in August, with month-to-date net inflows of approximately ₹12,921 crore, according to The Federal. On August 13, the most recent session for which data is available, FIIs were net sellers of ₹511 crore in the cash segment while DIIs were net buyers of ₹4,353 crore, according to NSE data.
FIIs (Aug MTD, est.)+₹12,921 cr
DIIs (Aug 13)+₹4,353 cr
Why it matters:
- DII net equity buying for calendar year 2026 crossed ₹5.13 lakh crore by early August, according to market data trackers.
- FII activity during the week included net cash-segment selling on August 13 alongside a positive month-to-date figure, according to exchange and NSDL data.
Wealth · Research