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Published on 09-06-2026 10:44 am

Global News

• US Jobs Growth Beats Expectations, Strengthening Fed’s Higher-forLonger Stance: The U.S. labor market remained resilient in May, with nonfarm payrolls rising by 172,000, well above expectations, while upward revisions added 93,000 jobs to March-April data. The unemployment rate stayed steady at 4.3%, reflecting continued labor market strength despite geopolitical uncertainties and inflationary pressures from rising oil prices. Strong hiring across leisure & hospitality, healthcare, construction, and government sectors helped offset weakness in finance, retail, and transportation. While annual wage growth moderated to 3.4%, easing concerns of wage-driven inflation, the robust jobs data strengthened expectations that the Federal Reserve will keep rates higher for longer, with markets increasing the probability of a rate hike later this year. However, rising long-term unemployment and weak labor force participation indicate underlying challenges remain.

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Published on 09-06-2026 10:43 am

Economic News

• RBI’s forex swap support could halve hedging costs, making overseas borrowing attractive for PSUs: RBI is considering a concessional forex swap facility for PSUs, under which it may absorb at least 50% of the 3.5 to 4% annual hedging cost on External Commercial Borrowings (ECBs), making overseas borrowing more viable. The move is aimed at attracting foreign inflows, supporting the rupee, and reducing the landed cost of foreign loans for entities such as REC, PFC, NaBFID, Power Grid, and oil PSUs. Lower hedging costs could bring overseas borrowing rates closer to domestic borrowing costs, improving funding economics for infrastructure and public utility projects. While RBI Governor Sanjay Malhotra indicated the facility would be limited to PSUs due to their broader public benefit, borrowers are awaiting detailed guidelines and have sought flexibility to raise funds in multiple currencies, with PSU executives suggesting that at least a 60-bps hedging advantage is necessary to make foreign borrowing attractive.

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Published on 09-06-2026 10:35 am

GAIL

(CMP: 168.60, Mcap Rs 1,10,856 Cr.)

• Range breakout above 170. ]

• Surpassed above 200 DEMA.

• Rising traded volumes.

• RSI momentum indicator positively placed.

• Immediate support at 161.50

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Published on 09-06-2026 10:35 am

Technical Stocks On Radar

MUTHOOTFIN 30th June FUT

(CMP: 2980, Mcap Rs 1,19,023 Cr.)

• Breakdown below swing lows.

• Strong bodied bearish candle.

• High traded volumes.

• RSI indicator declining.

• Immediate resistance at 3150.

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Published on 09-06-2026 10:34 am

Smallcap250 Index Technical Outlook

• The Index opened gap down and is hovering above 50 DEMA support zones.

• The market breadth was in favour of the declines

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