Chinese stocks traded mixed and Hong Kong shares edged lower as investors weighed fading hopes of a US-Iran peace deal and its impact on oil prices. Crude stayed near one-week highs amid Strait of Hormuz disruptions, fuelling concerns over global supplies and inflation.
SpaceX shares reclaimed their IPO price after a three-session rally, recovering sharply from recent lows. The stock’s outlook is being supported by bullish expectations around Starlink, orbital AI infrastructure and Starship, while strong revenue growth and short interest could add to the recovery. However, recent volatility highlights the risks surrounding the company’s ambitious growth plans.
Aarti Pharmalabs shares have surged 33% in two days after the company reported a 65.4% year-on-year rise in Q1FY27 profit and 38.7% growth in revenue. The rally was further supported by a Rs 149-crore capex plan to add 405 KL of capacity for its CDMO and intermediate businesses.
Info Edge shares jumped over 4% after the company reported a strong Q1 FY27 performance, with consolidated net profit rising 43% year-on-year to Rs 490 crore. Recruitment billings grew 17.5%, while operating profit rose 25%. Nomura, Nuvama and Motilal Oswal retained their respective ratings, with Nomura and Nuvama maintaining Buy calls and raising target prices.
Nvidia CEO Jensen Huang said AI compute is emerging as a new investable asset class as the chipmaker partners with six major financial firms to establish financing platforms. The initiative aims to mobilise over $500 billion in third-party capital for AI infrastructure, as Nvidia seeks to position compute capacity as productive, long-term infrastructure.
Four newly demerged Vedanta entities could attract combined passive inflows of up to $159 million following the NSE Indices’ September 2026 reshuffle, according to Nuvama Alternative and Quantitative Research. Vedanta Aluminium Metal is expected to receive the bulk of the inflows, while Vedanta Power and Vedanta Iron and Steel could each see around $3 million.
PC Jeweller shares rose sharply after Q1FY27 profit jumped 37% year-on-year and revenue grew 21%. The jewellery retailer also reported a sharp improvement in operating profitability, continued progress on debt repayment and increased FII holding. With plans to become debt-free and raise up to Rs 1,000 crore via QIP, key triggers remain.
Four Nifty500 stocks featured in StockEdge’s White Marubozu scan on August 10, signalling strong buying pressure. Syrma SGS, Cemindia Projects, Avenue Supermarts and Jubilant Pharmova gained between 3.29% and 6.44%.
Lalithaa Jewellery Mart has set the price band for its Rs 1,700-crore IPO at Rs 190-201 per share. The issue comprises a Rs 1,200-crore fresh issue and a Rs 500-crore OFS by promoter Kiran Kumar Jain. With 61 stores across southern India and a strong presence in Tier II and III cities, the IPO opens on August 17.
The State Bank of India is set to tap into the dollar debt market, aiming to raise a minimum of $500 million by issuing five-year bonds. Marketing for this public offering is underway, with expectations to finalize the sale within the week. This move follows a previous postponement of a larger issue due to escalating borrowing costs.
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