August 11, 2026: India's financial markets saw mixed developments on Tuesday, with Fitch Ratings affirming India's sovereign rating at BBB- with a stable outlook, while domestic equity indices ended lower. The rupee weakened against the US dollar, while gold and silver prices advanced.
Top India Business & Market Headlines
- Fitch affirms India’s sovereign rating at BBB- with stable outlook
Fitch Ratings has affirmed India's sovereign rating at BBB- with a stable outlook, citing robust growth prospects, improving macroeconomic stability and strong external finances. - Rupee depreciates 15 paise against US dollar
The Indian rupee weakened by 15 paise to close at ₹95.44 against the US dollar in the forex market. - Gold and silver prices rise
24-carat gold rose 1.4% to ₹1,52,803 per 10 grams, while silver gained 1.7% to ₹2,35,352 per kg in the Indian bullion market. - Domestic equity indices end lower
The Sensex fell 388 points to close at 78,154, while the Nifty declined 112 points to settle at 24,472. The NSE Midcap 100 ended flat, while the Smallcap 100 also remained broadly subdued. - Equity mutual fund inflows fall 14.8% in July
Equity mutual fund inflows declined 14.8% to ₹24,697 crore in July, compared with ₹28,973 crore in June, according to AMFI data. SIP inflows recorded a marginal increase. - BSE to replace Wipro in Nifty 50 from September 30
NSE Indices has announced changes to several indices following its semi-annual review. BSE Ltd will be included in the Nifty 50, replacing Wipro Ltd, with the changes effective September 30, 2026. - Parliament passes Taxation and Other Laws (Amendment) Bill, 2026
Parliament has passed the Taxation and Other Laws (Amendment) Bill, 2026, after the Rajya Sabha returned the Money Bill to the Lok Sabha following discussion. - Piyush Goyal highlights GeM’s role in public procurement
Commerce and Industry Minister Piyush Goyal highlighted the role of the Government e-Marketplace (GeM) in ensuring procurement of the right product, quality, price and delivery, during GeM's 10th Foundation Day event. - Urban unemployment rate rises marginally to 6.7%
India's urban unemployment rate for people aged 15 years and above increased marginally to 6.7% in April-June, compared with 6.6% in the previous quarter, according to MoSPI data.
