Inox India shares ended at 1,891.60 on the NSE Wednesday, up 12.15%. The benchmark Nifty50 closed 0.1% lower.

“The strong response to the SpaceX IPO has drawn attention to Inox India, one of the few Indian companies operating in a related segment and supplying equipment to the space ecosystem,” said Gaurav Sharma, head of research at Globe Capital Market.

SpaceX is reportedly targeting a valuation of $1.7-1.8 trillion.

ET Bureau

Co shares surge over 12%, Nifty flat

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Investor interest is also being supported by the company’s strong operational performance, with revenue and gross profit expanding over 120% year-on-year, reinforcing confidence in its growth prospects, Sharma said.
In its earnings call after fourth-quarter results, the chief executive Deepak Acharya said, “During Q4, we received a significant aerospace order from a leading US-based private space company with a total order value of approximately 200 crore. We are expecting more high-value orders in Q1 FY 27.”
Sunny Agrawal, head of research at SBI Securities, said there is significant activity in Inox India ahead of the SpaceX listing, and the company is also expanding into segments such as data centres, nitrogen supply and distillery kegs, which support its growth outlook.
But doubts remain about how much more can its shares gain.

“Management has guided for 15-20% growth per year, and after the recent rally, the stock is trading at a relatively rich valuation of about 56 times one-year forward earnings,” said Agrawal. “Investors may consider waiting for a correction before fresh entry, as some profit-taking and a cooling-off in the stock could follow once SpaceX gets listed.”

Shares of Inox India rose 26% in the past week and are over 67% up in 2026 so far. The Nifty50 fell 0.8% in the past week and 11.2% year-to-date.

Sharma said as the stock has already shot up in the past few days, he would suggest investors to wait for a dip towards 1,700 to take fresh entry and look for targets close to 2,000 and beyond, while maintaining stop-loss below 1,550 for a trading position.

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Interest-rate swaps showed traders were still pricing in a rate hike by December after the report on Wednesday, while Treasury yields were little changed. The rate on two-year notes, which are more sensitive to near-term changes in monetary policy, was 4.11%, down from around 4.13% before the figures. The US dollar slipped.

“The biggest takeaway is that it gives the Fed a tiny bit of breathing room,” said Dan Carter, senior portfolio manager at Fort Washington Investment Advisors. “Another hot month would have put a lot more pressure on them on rate hikes, but this is just soft enough to allow them to wait and see.” The core consumer price index, which excludes food and energy to show underlying inflation, increased 0.2% from April, compared to a 0.3% consensus forecast among economists polled by Bloomberg.

Ahead of the report, traders in the options market linked to the Fed-sensitive Secured Overnight Financing Rate had been piling into positions targeting multiple rate hikes in the coming months. Some had even embraced wagers for a move as soon as September following Friday’s strong US employment report.
Those moves capped a repricing in the bond market since late February, when the US-Israel attack on Iran sparked a surge in oil prices. That upended bets that the central bank under Warsh would be able to lower rates, as Trump has advocated.

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Gold prices in Thailand experienced extreme volatility on June 10, 2026, with 38 revisions. The day concluded with a sharp THB2,450 drop, prompting investor and consumer caution.

Key Points

• Gold prices on Wednesday, June 10, 2026, experienced significant intraday volatility.
• The Gold Traders Association recorded 38 price adjustments before the market’s final close.
• Prices dropped sharply by THB2,450 from the previous day, leading to investor and consumer scrutiny.

Volatile Trading Day Culminates in Sharp Decline

Gold prices on Wednesday, June 10, 2026, experienced extreme volatility, marked by an unprecedented 38 successive price revisions announced by the Gold Traders Association. This dynamic trading environment persisted throughout the day, creating an atmosphere of uncertainty for market participants. The day’s trading concluded with a significant downward correction at the 5:11 PM market close, indicating a pronounced shift in market sentiment during the latter part of the trading session.

Substantial Price Drop Impacts Market

The sharp decline observed at the close of trading represented a considerable loss for gold holders, with the price falling by a total of THB2,450 compared to the preceding day’s closing value. This substantial price movement prompted widespread attention from both investors, who are closely assessing the implications for their portfolios, and consumers, who are monitoring the affordability of gold. The significant drop underscores the sensitivity of gold prices to various market forces and investor behavior.

Investor and Consumer Vigilance

Following the day’s pronounced price fluctuations and the significant drop, a heightened sense of vigilance is evident among both investors and consumers. The latest market data, specifically the 38th announcement of gold buying and selling prices, serves as a critical reference point for understanding the immediate impact of the day’s trading. This close monitoring is crucial for making informed decisions in the wake of such a volatile trading period and anticipating future price movements.

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