India’s National Stock Exchange will add BSE Ltd. to the Nifty 50 and remove Wipro in the benchmark’s semiannual review, effective September 30. Passive funds tracking the index collectively manage about Rs 9 trillion in assets. Wipro could see net selling of roughly $149 million after the change, according to Nuvama Wealth Management.

Milky Mist Dairy Food Ltd’s IPO will be open for subscription from August 11 to August 13, with a price band of Rs 133 to Rs 140 per share. In the anchor round, institutions subscribed above the available shares and the company allotted 3.32 crore shares at Rs 140, raising Rs 465.30 crore. Zulia Investments led the anchor allocation with 1.14 crore shares, making it the largest anchor investor.

State Bank of India reported a 10% year-on-year rise in first-quarter net profit to Rs 21,121 crore. The lender also recorded improved asset quality, with the gross non-performing asset ratio easing to 1.47%. Shares of SBI climbed as much as 3% following the results.

A 48-hour lull in the US-Iran conflict on July 27, 2026 lifted risk appetite across markets. Brent crude fell 5% on the day to below $93 a barrel, while India’s Sensex jumped more than 500 points and the Nifty rose over 150 points. The Indian rupee also strengthened by 41 paise against the US dollar. The moves were treated as an immediate trading response to easing geopolitical tensions and softer energy prices.

On July 14, 2026, markets turned cautious after a fresh escalation between the US and Iran in the Strait of Hormuz, with Washington saying it plans to impose shipping fees and neither side backing down. Brent crude jumped 9% in one session and briefly touched $86.60 a barrel, heightening worries about potential supply disruptions. India’s Sensex and Nifty fell 0.6% at the open, while the rupee weakened 33 paise to 95.95 per dollar.

On July 9, 2026, Iran’s Islamic Revolutionary Guard Corps said it struck four U.S. military bases in Kuwait and Bahrain, and the U.S. responded with overnight airstrikes in southern Iran that Iranian state media said killed eight Iranian army members. U.S. President Donald Trump said the ceasefire was “over,” while India’s foreign ministry warned the escalation threatens regional energy supplies and shipping security. Markets reacted sharply: Nifty and Sensex opened slightly higher, but institutions said global equities slid on risk aversion as oil prices jumped and the rupee came under pressure.

A tanker caught fire after being hit by an “unknown projectile” off Oman in the Strait of Hormuz on July 7, raising concerns over security along a key global oil shipping route. Brent crude traded near $73 a barrel. Samsung Electronics shares fell 7% the same day. Indian equities opened higher, though the geopolitical incident and Samsung’s drop were separate negative factors.

Cube Highways Trust (Cube InvIT) plans to launch a Rs 5,000 crore IPO this month, structured entirely as an offer for sale with no fresh capital raised. As of March 31, 2026, it owned 27 operational highway assets spanning 8,754 lane kilometres, with about 85% in toll-road assets and 15% in NHAI-backed annuity assets. For Financial Year 2026, it declared a distribution of Rs 13.77 per unit, taking total distributions to Rs 1,851 crore, and reported net debt of Rs 17,768 crore with a net debt-to-enterprise value ratio of 46.82%.

On July 4, 2026, retail 24K gold prices in several Indian cities rose above Rs 1,47,500 per 10 grams, marking record levels. MCX gold futures eased by Rs 13, or 0.01 per cent, to Rs 1,47,365 per 10 grams, while IBJA’s Friday close for 24-carat (999 purity) gold stood at Rs 1,46,344 per 10 grams. Internationally, spot gold traded at $4,187.30 per ounce. Prices have been supported by dovish Federal Reserve signals, a softer dollar and geopolitical developments that lifted safe-haven demand.