Indian equities extended losses on Thursday, with Sensex falling over 150 points and Nifty declining over 95 points amid expiry-day volatility. Bajaj Finance and IndiGo led gains, while M&M and Kotak Mahindra Bank slipped. Broader markets remained mixed, with auto and financial stocks gaining, while IT, metal, pharma and FMCG indices declined.
Jio Financial Services shares: Bank of America agreed to acquire up to 49.9% in its lending arm Jio Credit through a Rs 18,268 crore joint venture deal. The US bank will initially take 26.5%, with the stake potentially rising to 49.9% via warrants, subject to approvals. Jio Credit had an AUM of Rs 30,667 crore as of June 2026.
Lenskart shares rose after Q1 FY27 profit surged 182% YoY to Rs 228 crore, while revenue grew 34% and EBITDA jumped 61%. Margins also improved sharply, with product margin crossing 70%. Jefferies, Morgan Stanley and Goldman Sachs remain positive, citing strong growth, margin expansion and premiumisation, with target prices implying up to 22% upside.
South Korean shares surged, with the Kospi rising 3.73% to a three-week high, led by chipmakers SK Hynix and Samsung Electronics. Gains followed overnight strength in US AI stocks and reports of Temasek investments. Foreign investors bought $778.5 million of equities, while the won strengthened 0.38% against the dollar.
As investors navigate Dalal Street, there’s a growing sentiment that large-cap stocks might soon reclaim leadership. Despite slight gains in the Nifty 50 index, small-cap segments have showcased remarkable dynamism. Recent mutual fund data indicates an ongoing fascination with high-risk small and mid-cap schemes. Interestingly, large-cap funds faced their first monthly outflow in two and a half years.
Gold prices rose Rs 1,400 in two sessions, while MCX silver slipped marginally as softer US inflation lowered expectations of a near-term Fed rate hike. Investors now await US PPI data for further cues, while analysts expect profit booking in gold.
Tata Motors shares jumped after Q1 FY27 net profit surged 83% YoY to Rs 2,560 crore, aided by mark-to-market gains on Tata Capital investments. Revenue rose 19% YoY to Rs 20,667 crore.
Japanese equities gained on Thursday, with the Topix hitting a record high and extending its seven-session winning streak. The Nikkei rose 1.6%, led by semiconductor stocks tracking US peers. Strong corporate earnings outlooks also supported sentiment, while financial stocks advanced. Investors remained encouraged by improved profit forecasts across Topix companies.
On August 12, five Nifty500 stocks that gained over 3.5% were highlighted in the RSI Trending Up scan, based on data from StockEdge.com. An uptrend signal is generated when the RSI value crosses above 50 from below, indicating strengthening momentum and potential upward movement in the stocks.
Nine Nifty500 stocks flashed White Marubozu signals on August 12, indicating strong buying pressure. Nalco led gains at 8.25%, followed by Supreme Petrochem, Force Motors, Punjab National Bank and BHEL.
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