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Welspun Corp shares drop 6% after CEO, promoter group likely sell stake worth Rs 1,433 crore via block deal
Welspun Corp shares fell sharply on Wednesday after 63 lakh shares worth Rs 1,433 crore changed hands in a block deal. Promoter group entity Welspun Investments and Commercials and CEO Vipul Mathur were likely sellers. The transaction represented about 2.4% of the company’s outstanding shares and came after a sharp rally.
US Stock Market: Nvidia earnings to test AI boom as markets brace for sharp move
Nvidia options are pricing in a 5.4% post-earnings move, implying a potential $280 billion swing in market value after its Q2 results. The expected move is below the 6.5% forecast before May earnings and Nvidia’s 7.4% average post-results swing over the past 12 quarters. The subdued pricing suggests investors expect less dramatic surprises as the AI boom matures.
Sensex rises over 300 points; Nifty above 24,350 as oil prices slide. What lies ahead?
On Wednesday, Indian stock markets rallied, buoyed by a decrease in oil prices and renewed optimism surrounding the reopening of the Strait of Hormuz, following a resumption of talks with Iran. Both the Sensex and Nifty indices showed positive momentum, with broader market metrics also trending upward, reflecting a hopeful sentiment among investors amid the fluctuating oil landscape.
Hindustan Copper OFS may not be a big draw for retail investors: Analysts
Analysts express caution regarding retail investor interest in Hindustan Copper's offer for sale. A nearly ten percent discount may not attract investors after recent metal stock rallies. The institutional portion saw strong demand, exceeding shares available on the first day. Current valuations and limited upside potential raise concerns for potential subscribers. Investors are advised to seek better entry points in the secondary market.
Pellet gun row rocks Home Affairs panel, sparks BJP-Congress war of words
Opposition MPs demanded discussion on NEET-UG protesters' alleged pellet gun use and police action. BJP refused to suspend the listed business, leading to sharp exchanges. The confrontation escalated to include remarks about the 1984 anti-Sikh riots. The chairman declined the request, citing judicial scrutiny of the matter. The committee then resumed its scheduled business on crime against children.
Crude oil prices slide 4% as markets look past Iran sanctions
Oil prices dropped significantly as traders viewed new US sanctions on Iran less severely. Brent crude and West Texas Intermediate both reached their lowest levels since mid-August. The sanctions announcement was less aggressive than anticipated by many market participants. However, Iran has vowed retaliation, and shipping risks remain a concern for traders. Supply disruptions in Russia and Kazakhstan also occurred, but focus remains on Iran.
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Welspun Corp promoter group, CEO to sell up to Rs 1,417 crore stake via block deal
Welspun Corp’s promoter group entity and CEO Vipul Mathur plan to sell up to 63 lakh shares worth Rs 1,417.5 crore through a block deal. The transaction represents 2.4% of outstanding shares and comes after a sharp stock price rally.
Japanese bond ETFs attract a record $1.5 billion in net inflows in 2026 so far, Morningstar say
This year, Japanese bond exchange traded funds have experienced an unprecedented surge in inflows, driven by increasing government bond yields that enhance the appeal of Japan's debt for investors. European market participants are diversifying their portfolios, moving away from US dollar assets due to growing uncertainties surrounding the dollar's reliability as a safe haven. Consequently, Japanese bonds present an attractive option with solid yields and developed-market risk.
Global market: Mainland China stocks slip as metal shares drop, investors await Jackson Hole cues
Mainland Chinese stocks declined, led by non-ferrous metals, amid Middle East tensions and caution ahead of Jackson Hole. Investors await Fed Chair Kevin Warsh’s remarks for policy clues, while Hong Kong equities also fell. Unitree’s sharp post-IPO decline raised valuation concerns, though Morgan Stanley expects potential catalysts from September.
Global Market: Unitree’s 45% share slump raises bubble concerns after blockbuster Shanghai debut
Unitree shares have plunged 45% since their blockbuster Shanghai debut, raising concerns over speculative excess and retail investor risks. The humanoid robot maker’s stock surged 460% above its IPO price on listing day, briefly valuing it at $66 billion. The sharp reversal has intensified questions over IPO pricing and technology valuations.
Closing Auction System braces for its first monthly expiry test
India’s derivatives market is set for its first monthly expiry under the new auction-based closing price system, marking a crucial test for the mechanism after concerns over sharp price swings and alleged manipulation. Introduced on August 3, the system has so far handled regular sessions and a weekly expiry. Tuesday’s monthly expiry will bring stock futures and options into play.
US stocks today: S&P 500, Nasdaq decline as tech sector falls, US prepares to impose more Iran sanctions
Wall Street’s S&P 500 and Nasdaq declined on Monday, dragged down by a sharp sell-off in technology and semiconductor stocks.Investors reacted to fresh U.S. sanctions against Iran, mounting political pushback on AI data centers, and looming market catalysts, including Nvidia’s earnings and upcoming Fed inflation reports.
India’s AI data-centre push could drive 5% of global chip demand by 2030
Global semiconductor revenue is projected to reach $1.6 trillion by 2026. AI data centres will drive significant growth in chip demand worldwide. Memory prices are expected to surge, impacting India's consumer electronics market. Smartphone and PC prices may increase by up to thirty percent. Entry-level device shipments could see a substantial decline.
Infosys, HCLTech, other IT stocks gain on Nvidia’s likely price hikes. Are AI bubble worries coming true?
Indian IT stocks gained on Monday as reports of Nvidia’s potential server price hikes revived concerns over rising AI infrastructure costs and stretched valuations. The Nifty IT index rose over 1%, with Infosys and HCLTech among the gainers. Analysts, meanwhile, continue to debate whether India’s IT sector offers an “anti-AI” advantage.
Global Market: KOSPI drops over 1% as Samsung Electronics slumps on payout concerns
South Korean shares fell over 1% on Monday, dragged by a sharp decline in Samsung Electronics after its latest shareholder return plans disappointed investors. The KOSPI slipped 1.31%, while foreign investors remained net sellers. Gains in SK Hynix, LG Energy Solution and POSCO Holdings offered some support.
CAS chaos triggers liquidity spiral: Nuvama says higher participation needed to break cycle
BSE’s new Closing Auction Session has faced weak participation, with Nuvama reporting sharp declines in option premium volumes and contracts. Thin liquidity is creating a self-reinforcing cycle, while early confusion, retail concerns and alleged CAS manipulation have further intensified scrutiny of the new closing-price mechanism.
Paytm to step up AI, financial services investments after first profitable year, Sharma says
The comments come after a sharp turnaround at One 97 Communications. Paytm reported its first full-year profit of Rs 552 crore in FY26, compared with a loss of Rs 663 crore a year earlier, while operating revenue rose 22% to Rs 8,437 crore. Ebitda improved by Rs 2,008 crore and hit Rs 502 crore.
Bitcoin jumps 9% in a single day to cross $79K as institutional flows, regulatory optimism fuel crypto rally
Bitcoin surged nearly 9% to cross $79,000 as institutional inflows, a sharp short squeeze and regulatory optimism fuelled a broader crypto rally. Ethereum also gained over 5%, while major altcoins rallied up to 17.48%. Analysts said the breakout marks a shift in momentum but cautioned investors to expect volatility and possible consolidation after the rapid gains.
Missed the AI rally? After bumper 600% market debut, Chinese robot maker Unitree's CEO still feels a software leap is years away
Chinese humanoid robot maker Unitree made a spectacular stock market debut in Shanghai, with shares soaring 600% over the IPO price. However, CEO Wang Xingxing cautioned that a major software breakthrough for humanoid robots could still be years away, despite growing optimism around embodied AI and the global robotics market.
Bharat Coking Coal shares jump over 7%. What's behind the sharp surge?
Bharat Coking Coal shares surged over 7% to Rs 37.70 as global coking coal prices soared 18%. The rally follows supply disruptions and strong long-term demand forecasts, offsetting the company's weak Q1 FY27 results where it posted a net loss of Rs 68 crore amid falling production.
Global Market: China, Hong Kong stocks rebound as healthcare and tech shares rally
China and Hong Kong stocks rebounded on Thursday, led by healthcare and technology shares, after a sharp selloff in the previous session. Fresh share buyback announcements also supported sentiment, while gains in South Korea and Japan helped broader Asian markets recover. Investors remained cautious amid heightened volatility.
Explained: How a JP Morgan unit and a Mumbai-based stock broking firm allegedly manipulated Sensex during CAS
The regulator flagged three sharp Sensex spikes, including a 362-point jump in two seconds and a 405-point surge in 28 seconds, as the index’s CAS closing price moved to around 78,080 from a 3:15 pm reference of 77,829.60.
Milky Mist Dairy Food shares slip 4% after sharp post-listing rally
Milky Mist Dairy Food shares came under profit-booking pressure after gaining 42% over two sessions following their market debut. Despite strong revenue growth, improving profitability and a leadership position in value-added dairy, analysts cautioned against chasing the stock after its sharp post-listing rally and premium valuation.
Sebi bars two entities for 'manipulating' CAS
Sebi barred Copthall Mauritius Investment and Mansi Share and Stock Broking from securities market access. The regulator alleged manipulation of the Sensex during the new closing auction session. Sharp and unusual movements were detected in the index on August 13 expiry day. These actions aimed to benefit from outstanding Sensex options positions, Sebi stated. The entities allegedly generated wrongful gains totaling over Rs 3.6 crore.
Is market heading towards a big AI crash like the dot-com crisis? Here's what European Central Bank predicts
The European Central Bank warns that an AI market correction on Wall Street is likely, citing historical tech bubbles like the dot-com era. Even if AI succeeds, overstretched valuations, shifting macro risks, and limited policy buffers could trigger sharp stock adjustments, impacting euro area investors.
Hindustan Copper, Vedanta, other metal stocks slip up to 2% after sharp gains. Should you buy the dip or avoid?
Metal stocks came under pressure after a sharp rally in the previous session, as global metal prices corrected amid concerns over China’s economic data and geopolitical developments. Analysts, however, see selective opportunities in the sector, with Hindustan Copper and Nalco among the stocks highlighted.
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