India’s government said it will allow 1 million tons of duty-free sugar imports and let refiners sell some processed sugar domestically instead of exporting it, tempering expectations that the country will need to buy as much from abroad. New York raw sugar futures slid as much as 3% to 17.13 cents a pound in intraday trading on Tuesday. London white sugar futures fell as much as 3.9% over the same period.

Indian consumer electronics brand boAt reported FY26 net profit of ₹84.5 crore, up 38% year on year, while revenue reached ₹2,931 crore. The company’s wearables business swung to a profit of about ₹7 crore from a loss of ₹54 crore in FY25. It ended the year with approximately ₹397 crore in cash reserves and zero bank debt. International revenue more than doubled to ₹45 crore.

India’s Nifty is expected to open about 80 points higher as U.S. crude extends a two-day slide of more than 6% to the $80–81-per-barrel range. A pullback in U.S. Treasury yields has also helped improve global risk sentiment. Asian markets were mixed at the open, with Japan’s Nikkei 225 down about 0.3% and South Korea’s Kospi up about 0.4%. Nifty’s August-series rollover rate stood at 64%, above the three-month average, indicating institutions carried long positions into the new contracts.

India’s 2026 monsoon has been below average and unevenly distributed, putting major rainfed belts in Madhya Pradesh, Maharashtra and other states under acute rainfall stress. That pattern raises the risk of crop- and region-specific yield losses in tur, soybean and maize rather than a broad-based nationwide output collapse. Inflation data underscore the sensitivity: retail CPI rose to 4.45% in July 2026 and food inflation reached 5.52%. The combination has intensified concerns about potential food-supply disruptions and related price pressures.

Global gold ETFs posted net inflows for a fifth consecutive week, with $6.38 billion added over the week, including $4.37 billion into the U.S. and $1.07 billion into the UK. Gold has rallied recently, up nearly 15% over the past month and 6% over the past week, trading at $4,676 an ounce. Year-to-date net inflows into gold ETFs have reached $2.6 billion.

India’s soybean oil imports could reach 62 lakh tonnes in August, setting a monthly record and running nearly 46% above the current marketing-year monthly average, the Solvent Extractors’ Association of India (SEA) said. Kharif oilseed sowing is slightly below last year overall, with soybean acreage lower while groundnut, sesame and sunflower acreage has increased. As one of the world’s largest edible oil importers, a spike in imports would directly affect India’s import bill, domestic prices and food inflation.

U.S. natural gas futures ended higher as prolonged extreme heat in Texas drove a surge in air-conditioning demand. The hotter weather is increasing stress on gas-fired power generation and the state’s electricity grid. In Houston, highs from Aug. 20-23 are expected to reach 100F, about 5F above the seasonal norm. Peak demand on the ERCOT grid could set a new record this week, especially as wind output eases, according to AccuWeather.

Global gold ETFs posted net inflows for a fourth consecutive week, with $4.88 billion of inflows and $1.36 billion of outflows in the week ended August 7. UK and US investors added $1.53 billion and $1.04 billion, while Germany and France each contributed over $300 million. Year to date, net ETF investment stands at $17.22 billion, while China recorded an unexpected $9.2 million outflow and gold drew buying interest near $4,400 an ounce.

State-owned Cochin Shipyard reported consolidated net profit of ₹151.45 crore for the quarter ended June, down 19.36% from ₹187.82 crore a year earlier. Total income rose to ₹1,161.25 crore from ₹1,122.92 crore in the April-June quarter of FY26. Total expenses increased to ₹958.76 crore from ₹873 crore. The profit decline was attributed to lower revenue from both shipbuilding and shiprepair segments, the company said in a regulatory filing.