Yanbu has become increasingly important to Saudi Arabia as it seeks to maintain crude shipments after the war disrupted traffic through the Strait of Hormuz and severely restricted supplies from the Persian Gulf.
Gold has turned decisively positive in the short term, rising to around Rs 155,145 and moving above its recent consolidation range. The price is now approaching the upper end of the recent range, making Rs 157,500–158,000 the key resistance zone for the week.
Stock market recommendations: Ujjivan Small Finance Bank, and 360 One Wam have been identified by Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities as the top stocks to buy on August 17, 2026.
The Indian rupee fell against the US dollar at the start of Monday, influenced by the Reserve Bank of India’s move to advance a deposit swap deadline. While the bank had previously drawn in substantial foreign currency, analysts predict temporary support for the rupee, though overall weakness is expected. Additionally, domestic stock markets recorded a
India’s telecom sector can significantly boost GDP and exports by 2030. However, heavy import reliance and low domestic value addition pose challenges. Critical components are largely sourced from China, creating supply chain vulnerabilities. Government policies aim to support local manufacturing and reduce import dependence. These efforts could transform the sector into a global manufacturing hub.
Stock market recommendations: Poonawalla Fincorp, and Lenskart – these are the top two stocks to buy recommended by Motilal Oswal Wealth Management Research Desk for the week starting August 17, 2026:
Throughout August, banks will have multiple closures due to various regional and national holidays. Customers are encouraged to verify the specific holiday hours pertinent to their state before heading to a branch. Key closures include August 25 and 26 for Milad-Un-Nabi and Thiruvonam, with an additional break on August 28 for Raksha Bandhan and other
