August 27, 2026

TOP NEWS

 

War update: President Donald Trump claims the financial strength of the US will move the country “toward a very big victory” over Iran. Diplomacy gains in as Qatar’s prime minister will visit Tehran on Thursday and meet with Iranian officials. Oil prices remained low around $ 87/ barrel.

 

Bharat Electronics: Secured additional orders worth ₹730 crore since August 10, covering communication equipment, radar, avionics, tank sub-systems, cybersecurity, EVMs, jammers, batteries and services. The order flow reinforces the positive defence-sector momentum.


Steel Authority of India Limited (SAIL) is increasing its steel prices by ₹1,000 per metric ton (MT) effective immediately following recent market adjustments . Additionally, an additional increase is scheduled to take effect on September 1, but date yet not confirmed 

 

GK Energy: The firm has received a Letter of Empanelment (LOE) for a contract worth ₹455 crore from a state government-owned power distribution company to install rooftop solar systems at 1 lakh households, the company said on Wednesday.

 

Juniper Green Energy (Q1 FY27, Consolidated YoY); Revenue up 81.2% to Rs. 291.2 crore versus Rs. 160.7 crore.,EBITDA up 89.4% to Rs. 261.5 crore versus Rs. 138.1 crore.EBITDA margin at 89.8% versus 85.9%. Net profit up 54.4% to Rs. 33.5 crore versus Rs. 21.7 crore.

 

Aye Finance: Alpha Wave India I LP is likely to sell its entire 7.8% stake in Aye Finance through a block deal, with the offer size at Rs 320.4 crore and a floor price of Rs 167 per share, reports CNBC-TV18, quoting source

 

Railway stocks: Indian Railways plans to four-lane around 11,000 km of its high-density rail network to expand train capacity and ease congestion on key routes. The proposed infrastructure push is aimed at improving the movement of passenger and freight trains while further strengthening capacity across some of the busiest corridors. Positive for railway stocks.

 

AI stocks: EPS: $2.22 vs $2.09 est. Revenue: $96.22B vs $92.16B est. EPS beat by 6% Revenue beat by 4%. Nvidia guided Q3 revenue to $108.0B +/- 2%, ahead of the $104.2B estimate, with adjusted gross margin expected at 74.0% +/- 50 bps. Positive read through for Netweb and E2E and other AI stocks

 

Va tech Wabag: The Centre has asked states and Union territories to integrate drinking water source sustainability, greywater management and sanitation works with the VB-G RAM G rural employment guarantee scheme. water security has been identified as one of the four thematic focus areas under the Viksit Bharat-Guarantee for Rozgar and Ajeevika Mission (Gramin) (VB-G RAM G) Act, 2025. Will be positive for water stocks.

 

Tata Power: Singapore court dismissed Tata Power’s challenge to a $490.3 million arbitration award. The company plans a further appeal. No liability has crystallised yet. Reported net debt stands at Rs 56,122 Cr. Negative

 

MTAR Tech: Secured purchased orders valued at ₹126.74 Cr from Nuclear Power Corporation of India Limited for the supply of coolant channel assemblies. The orders pertain to refurbishment of the RAPS-4 and MAPS-2 reactors with execution deadline by 26 May 2028. The company’s nuclear order book now totals over ₹775 Cr, its highest ever. This addition continues its ongoing domestic business relationship.

 

HDFC Bank Ltd: As per media reports, the bank and its top executives are facing a federal securities class action lawsuit in New York, following explosive allegations that the Indian banking giant orchestrated a covert scheme to illegally inflate interest payouts to a state government agency by disguising them as marketing expenses. The complaint, filed in the U.S. District Court for the Southern District of New York by investor Jwalant Natvarlal Soneji, targets the Mumbai-headquartered bank and the lawsuit is brought on behalf of all investors who purchased HDFC's American Depositary Shares (ADS) between July 17, 2023, and May 26, 2026. Sentimentally negative

MACRO WRAP

·         The dominant geopolitical story remains the US-Iran conflict and the continued closure of the Strait of Hormuz, now approaching six months. Overnight, Iran's Islamic Revolutionary Guard Corps (IRGC) announced a revenue-sharing agreement with Oman covering the Strait. The development was interpreted as a potential step towards a broader agreement on commercial shipping access. However, US allies privately warned that the waterway remains likely mined, casting doubt on President Trump's claim that the US Navy has fully cleared Iranian explosives. Qatar’s Foreign Minister is scheduled to visit Tehran today as mediation efforts continue.

  • On the monetary policy front, all eyes turn to Jackson Hole, where Fed Chairman Kevin Warsh is scheduled to speak on Friday. Markets are assigning meaningful probability to a Fed rate hike before year-end, and Warsh’s communication style, which has deliberately avoided forward guidance, leaves the speech outcome highly uncertain.
  • The US economy grew at a 1.5% annualized rate in Q2 2026, down from 2.1%. Consumption rose 3.4% and fixed investment 7.0%, including a 1.3% rebound in residential investment, while government spending fell 1.0% and net exports weighed on growth as imports far outpaced exports.
  • US July PCE price index rose 3.7% yoy (Bloomberg consensus: 3.6%) vs 3.7% previously. Core PCE price index rose 3.3% yoy, in line with estimates, and unchanged from last month; July personal income rose 0.4% mom (Bloomberg consensus: 0.2%) vs 0.2% previously. Personal spending rose 0.2% mom (Bloomberg consensus: 0.1%) vs 0.3% previously, with real personal spending flat vs 0.4% previously.
  • The DJIA fell 0.2%, the S&P500 was flat, and the Nasdaq Composite Index dipped 0.1%. The Eurostoxx 50 gained 0.2%. The Dollar Index rose 0.3% to 99.17. EUR-USD fell 20 pips to 1.1650. The US 2Y yield rose 4bp to 4.21% and the 10Y rose 2bp to 4.65%. The German 10Y yield rose 3bp to 3.23%. The UK 10Y yield rose 4bp to 5.03%
  • Data watch: we get the July advance goods trade, July retail and wholesale inventories, initial jobless claims for the week-ending 22 August, and the August Kansas City Fed manufacturing activity index. The main event, however, is Fed Chairman Warsh's speech at Jackson Hole on Friday.

 

OTHER NEWS

The government is considering reducing gold and silver import duties to 6% from the current 15%, although no final decision has been taken. Positive for jewellery stocks like Shringar , Sky gold, Shanti gold.