U.S. 10-year Treasury yields touched their highest level since November 2023 before easing after strong auction demand. Rising oil prices and shifting Federal Reserve rate-hike expectations added to concerns over inflation and the interest-rate outlook.
South Korean shares fell over 1% on Thursday as escalating Middle East tensions and attacks near the Strait of Hormuz weighed on investor sentiment. The KOSPI declined 1.37%, with major technology and heavyweight stocks including Samsung Electronics, SK Hynix and Samsung BioLogics falling, while foreign investors remained net sellers.
Molbio Diagnostics shares have surged nearly 30% in two sessions, extending their post-listing gains to around 80% from the IPO price. The sharp rally comes as the newly listed company reported a strong Q1 FY27 performance, swinging to a profit of Rs 58.75 crore from a loss in the year-ago quarter.
Samsung Electronics and SK Hynix’s massive shareholder-return plans are putting South Korea’s efforts to narrow the “Korea discount†While investors welcome payouts worth over 130 trillion won, concerns remain over corporate governance, capital allocation and minority shareholder rights, with the KOSPI still trading at a steep valuation discount to regional peers.
Coforge shares recovered after brokerages retained Buy calls, saying concerns over Chairman Om Prakash Bhatt’s resignation are overdone. Nuvama and Motilal Oswal see limited business impact and remain positive on the company’s growth outlook.
Enviro Infra Engineers shares sharply after its step-down subsidiary Suyog Urja received a Rs 224.19 crore LOI from Tata Power Renewable Energy for EPC works on a 180 MW NTPC wind project in Maharashtra. The contract covers foundation, balance-of-plant and transmission-line works, strengthening the company’s renewable energy portfolio.
Shares of IRB Infrastructure Developers surged up to 8% after the company reported a 25% YoY rise in toll revenue to Rs 807 crore in August 2026, supported by strong traffic growth and tariff revisions. Key projects, including the Mumbai-Pune Expressway and Ahmedabad-Vadodara Expressway, also recorded healthy revenue growth, offering a positive operational trigger for the stock.
Glass Wall Systems IPO is witnessing strong investor demand, with 8.22x overall subscription by Day 2 and a 36% GMP indicating positive listing expectations. The Rs 427.89 crore issue closes September 10, 2026. Proceeds will fund a glass processing unit, while FY26 revenue and profit grew strongly. Analysts recommend subscribing for long-term growth.
Pranav Constructions IPO investors are awaiting the share allotment update today after the Rs 351.03 crore issue was massively oversubscribed 121 times. The allotment is expected to be finalised on September 11, with the stock slated to list on both BSE and NSE on September 15, 2026.
Five railway multitracking projects worth around Rs 10,021 crore have been approved across South India, adding about 540 km to the Indian Railways network. Three more projects worth Rs 10,783 crore were cleared across five states. The projects are expected to boost rail capacity, ease congestion, improve connectivity and support incremental freight movement over the coming years.
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