SAIL Barred from F&O Positions as Indian Market Sees Multiple Developments

The Indian stock market witnessed several developments on August 24, 2026. Steel Authority of India (SAIL) was barred from fresh futures and options positions due to a high level of volatility in its shares.

Lalithaa Jewellery Mart and Horizon Industrial Parks made their debut on the bourses after receiving strong subscriptions for their initial public offerings (IPOs). The IPO of Lalithaa Jewellery Mart was subscribed 62.97 times, while that of Horizon Industrial Parks was subscribed 1.52 times.

Several companies announced significant developments in their businesses. Caplin Point Laboratories' subsidiary had an unannounced inspection by the US Food and Drug Administration (USFDA), while Federal Bank's board approved a proposal to raise up to $500 million through foreign currency-denominated bonds. Manipal Health Enterprises reported a decline in consolidated net profit, but revenue from operations increased 38.12% year-on-year.

NATCO Pharma received a Form 483 with four observations post an inspection by the US FDA at its manufacturing plant at Visakhapatnam. B.R.Goyal Infrastructure received a work order worth Rs 151.06 crore from the National Highways Authority of India (NHAI) for engagement of a user fee agency through e-Tender.