Arista Networks (ANET) rose 5.92% to close at $202.25 on August 26, 2026, as its AI-networking earnings backdrop met heightened attention on AI demand. Read the daily analysis of Arista Networks' AI-networking outlook, momentum risk and key technical levels.

Galaxy Bearings’ FY26 net profit slumped 75.86% to ₹3.31 billion, while revenue fell 35.22% to ₹6.75 billion. Legal costs tied to an OFAC matter rose to ₹670 million from ₹214 million, and finance costs jumped 79.13%. The company was removed from the U.S. SDN list in June 2026, but total assets still declined to ₹13.95 billion.

India’s domestic gold discount has widened sharply after Moneycontrol reported that the government is discussing cutting import duties on gold and silver from 15% to 6%. Physical buyers have delayed purchases while waiting for policy clarity, dragging down spot demand. The discount to international benchmark pricing had been about 2%–2.5% and has since widened by another 1–1.5 percentage points, with the shift largely driven by speculation as no final decision has been taken.

The FTSE 100 slipped 0.35% to 10,839.59, led lower by ex-dividend names including LondonMetric, Glencore and Croda. The FTSE 250 was broadly flat, down 1.65 points. Prudential fell 1.83% after releasing interim results, marking the biggest blue-chip decline driven by earnings.

Clients of ETF issuers Bitwise, Franklin and Canary collectively bought about $28.14 million worth of XRP. The purchases indicate direct institutional inflows into XRP via ETF channels.

UK blue-chip stocks fell sharply on Thursday after US inflation data weighed on risk appetite, even as Nvidia reported strong sales. Headline US inflation eased, but the Federal Reserve’s preferred PCE price index remained elevated at 3.7%. The reading fuelled concerns that monetary policy could stay tight for longer, pressuring equities.

OpenAI has launched advertising on ChatGPT in India, with more than 50 brands set to go live this week. From September 4, businesses will be able to buy ads through a self-serve Ads Manager with daily budgets starting at Rs 725. India is ChatGPT’s second-largest market with more than 100 million weekly users, while global weekly users recently crossed 1 billion. The ad pilot has already topped $100 million in annualised revenue and has expanded to markets including Canada, the UK and Japan as well as 31 European countries.

In August, Indian-market promoters and private equity funds together sold shares worth nearly ₹58,000 crore. PE/VC exits rose fivefold month on month to ₹18,095 crore, the highest level since 2026, while promoter sales totalled ₹12,440 crore. The five largest PE exits and the three largest promoter sell-downs each made up about 70% of their respective category totals. Over the same period, the Nifty 500 posted its third straight monthly gain.