Market News

Asian Multi-Strategy Hedge Funds Hit by AI Stock Rout in July

Major Asian multi-strategy hedge funds experienced significant losses in July 2026 as a selloff in artificial intelligence and technology stocks erased gains accumulated earlier in the year. The declines, which affected tech shares across Japan, South Korea, and China, were partially cushioned by portfolio diversification, allowing multi-strategy funds to outperform pure equity-focused competitors.

Trent Q1 profit surges 21% to Rs 519 crore on strong revenue growth

Trent reported a 21% year-on-year increase in consolidated net profit to Rs 519 crore in Q1, with revenue climbing 18% to Rs 5,755 crore, driven by retail expansion. The company expanded its store network to over 1,300 outlets across 330 cities and signaled consistent store addition momentum ahead.

Manipal Health Shares Slide 6% Post-Debut on Profit Booking

Manipal Health Enterprises shares declined sharply on Thursday following their strong market debut, as investors booked profits after the initial rally. While analysts maintain a constructive long-term outlook, they recommend new investors await better entry points given current premium valuations.

Deccan Gold Mines shares rally 13% after maiden gold doré production

Deccan Gold Mines shares surged over 13% following the company's announcement of its first gold doré production at the Altyn Tor Gold Project in Kyrgyzstan. The milestone represents a successful proof-of-concept run that validates the upgraded processing circuit and reduces project execution risk ahead of commercial production.

Swiggy shares jump 3% on Rs 10,000 crore EBITDA target by FY31

Swiggy's stock rose nearly 3% following the company's announcement of an ambitious roadmap targeting Rs 10,000 crore in Adjusted EBITDA by FY31. The firm plans to significantly expand its gross order value across food delivery, Instamart, and Dineout segments over the coming years.

AI-Led Selloff Triggers Record 15% Drawdown in Asian Hedge Funds

Asia's multi-strategy hedge funds experienced sharp losses in July as an AI-linked stock selloff across Japan, South Korea, and China erased much of their year-to-date gains, with Goldman Sachs estimating a record 15.2% monthly decline for the region's primary stock-picking funds. The downturn was driven by concerns over AI spending sustainability and Middle East tensions that pressured semiconductor stocks, with individual funds reporting losses ranging from 3% to 9%.

LEAP India raises Rs 371 crore in pre-IPO placement led by GIC

KKR-backed LEAP India completed a pre-IPO placement round raising Rs 371.3 crore by selling 2.34 crore shares at Rs 159 per share, with GIC subsidiary Gamnat Pte Ltd emerging as a major investor. The funding round included participation from Singapore-based hedge fund Dymon Asia and promoter-linked entity Matyas Possessiones, signaling strong institutional confidence ahead of the company's planned public listing.

SpaceX shares fall 14% on AI spending concerns despite strong results

SpaceX shares declined 14% as investors expressed concern over the company's aggressive artificial intelligence spending plans, despite reported strong quarterly performance. The stock decline occurred amid reports of a SpaceX rocket component impacting the Moon after drifting off course for an extended period.

Tips Music's Rs 44.5 crore buyback may support stock price, says JM Financial

Tips Music announced a Rs 44.5 crore open-market share buyback, which JM Financial believes could support its stock price amid strong profitability and revenue growth. The brokerage maintained its 'Buy' rating, citing over 20% upside potential despite near-term headwinds from higher content investments.

AMD's Strong Earnings Fall Short of Investor Expectations

AMD delivered better-than-expected quarterly earnings and issued strong forward guidance, yet its stock declined as investors demanded more substantial evidence of AI chip competitiveness and margin expansion. The market's muted response highlights the elevated expectations surrounding AI semiconductor players in the current investment climate.

Allcargo Logistics shares rally 15% on 258% profit surge

Allcargo Logistics shares jumped over 15% after the company reported a 258% year-on-year increase in Q1FY27 profit before tax to Rs 31 crore, alongside its highest-ever quarterly revenue. The logistics firm cited strong performance across key business segments and projected continued momentum in coming quarters.

DBS Raises Full-Year Outlook on Record Q2 Profit

DBS Group reported a nine percent increase in net profit for the second quarter, significantly outpacing estimates, and raised its full-year guidance following a strong first half. The bank attributed the outperformance to a forty-two percent surge in wealth management fees and improved profit margins, while also increasing quarterly dividends to shareholders.

MV Electrosystems Surges 22% on Debut; Experts Split on Profit-Taking

MV Electrosystems made a strong market debut, listing at a 22% premium to its IPO price, prompting mixed analyst guidance on position management. While some experts recommend booking partial profits following the sharp listing gains, others advise retaining shares with stop-loss orders as the company focuses on improving profitability.

China stocks steady as gold miners gain despite tech selloff; HK insurers weigh

Chinese equities remained relatively flat as gold mining shares advanced, offsetting declines in the technology sector, while Hong Kong's market faced headwinds from a sharp pullback in insurance stocks. Traders are monitoring U.S.-China trade relations ahead of forthcoming trade data that could indicate the trajectory of China's economic growth.

Juniper Green Energy Shares List at 9% Premium on Debut

Juniper Green Energy's shares opened at a 9% premium to the IPO price, matching grey market predictions, according to market reports. Analysts suggest existing investors hold for long-term gains while recommending fresh investors await better valuations and clearer earnings outlook.

JPMorgan CEO Warns of Market Disruption Risk from High Leverage

JPMorgan Chief Executive Jamie Dimon has raised concerns about elevated market leverage and concealed borrowing arrangements that could amplify volatility and trigger sudden market disruptions. While stopping short of drawing parallels to the 2008 financial crisis, Dimon highlighted geopolitical tensions, fiscal deficits, and rising military expenditures as potential catalysts for inflation and investor uncertainty.

Swan Defence Shares Rise 3% After Securing Svitzer Tug Order

Swan Defence and Heavy Industries gained nearly 3% after securing an order from Denmark-based Svitzer A/S to construct four advanced TRAnsverse 3200 tugs, with deliveries scheduled from early 2028. The contract strengthens the company's export order pipeline following a global shipyard evaluation.

Ace Investor Madhusudan Kela Reduces Stake in Rashi Peripherals

Ace investor Madhusudan Kela's family cut its holding in Rashi Peripherals during the June quarter, according to reports, after the stock rallied nearly 200% over the past year. The reduction comes despite the company posting strong Q1 FY27 earnings with robust revenue and profit growth.

LIC shares decline after record Rs 31,552 crore OFS closes oversubscribed

India's government completed a record Offer for Sale of Life Insurance Corporation shares, raising Rs 31,552 crore by selling a 6.5% stake and achieving the 10% public shareholding requirement ahead of schedule, though share prices fell over 1% following the offer closure.

LEAP India launches Rs 2,480 crore IPO amid modest grey market premium

KKR-backed logistics company LEAP India is opening its Rs 2,480 crore initial public offering on August 7, with grey market premium indicating around 2% trading above the issue price band. The company plans to deploy IPO proceeds toward debt reduction and balance sheet strengthening as investor interest focuses on India's expanding logistics sector.