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Stocks in News

* STERLING & WILSON RENEWABLE ENERGY: The company has received Rs 31.4 crore from Khurshed Yazdi Daruvala under a 2021 indemnity agreement, while Shapoorji Pallonji & Co. is expected to pay Rs 143 crore within 60 days. Additionally, the Arbitral Tribunal’s Final Award grants Conti LLC an extra Rs 44.45 crore over the interim award amount, along with interest.

* NBCC: The company secured three orders totaling Rs 530.7 crore in November, comprising Rs 321.18 crore for the Buildings Division, Rs 129.77 crore for the Water Division, and Rs 79.77 crore for the Transportation Division.

* BRIBADE ENTERPRISES: The company signed a Joint Development Agreement to build a premium residential project in Begumpet, Hyderabad, offering about 0.5 million sq. ft. of development potential with expected revenue of over Rs 800 crore.

* REFEX INDUSTRIES: The company secured a Rs 32.89 crore order for transporting pond ash to NHAI road projects, while also receiving a Rs 10 crore tax demand, including penalty, from the Raipur tax authority.

* MARSONS: The company received a Rs 13.5 crore order from LC Infra Projects to supply inverter-duty transformers.

* WAAREE ENERGIES: The company received an order to supply 140 MW of solar modules from a reputed customer.

* HG INFRA: The company’s subsidiary signed an agreement with Gujarat Urja Vikas for the procurement of a battery energy storage system.

* GAIL INDIA: PNGRB approved a levelised tariff of Rs 65.69/MMBTU effective January 1, resulting in an estimated positive impact of about Rs 1,200 crore for the company.

* PATEL ENGINEERING: The company approved issuing 14.8 crore shares valued at Rs 399 crore.

* APEEJAY SURRENDRA PARK HOTELS: The company signed an MoU with a Mathura-based firm to lease and operate a 42-room hotel for 12 years.

Economic News

* RBI MPC 2025 ET Poll: Rate cut likely amid low inflation, high growth; tough call for Malhotra & co: India's economy shows strong growth and record low inflation. This presents a challenge for the Reserve Bank of India's upcoming monetary policy meeting. Economists are divided on whether the RBI will cut interest rates. Some expect a rate cut, while others believe the policy rate will remain unchanged. The decision will impact loan and deposit rates.

Global News

* China’s manufacturing slips back into mild contraction as weak demand outweighs export gains: China’s factory activity weakened in November as the RatingDog/S&P Global Manufacturing PMI slipped to 49.9 from 50.6, signalling slight contraction amid stalled production and slowing new orders. Despite a pickup in export orders after the October U.S.-China trade truce, intense competition pushed export prices marginally lower, while domestic demand stayed weak, dragging industrial profits and triggering job cuts and reduced purchasing. Manufacturers cut inventories at the fastest pace in months and absorbed rising input costs by offering discounts, pressuring output prices. While optimism improved on expectations of policy support and new business opportunities, economists warn that property-sector weakness and fading fiscal stimulus still call for stronger government action.

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.85%- 5.65% on Friday ended at 5.35%.

* The 10 year benchmark (6.48% GS 2035) closed at 6.5063% on Friday Vs 6.4633% on Thursday .

Global Debt Market:

European stocks were mixed on Friday morning as investors digest the end of a choppy month. The pan-European Stoxx 600 was broadly flat at 11:12 a.m. in London (6:12 a.m. ET), paring gains from earlier in the session. November has been a volatile month for equities with fears of stretched AI valuations resurfacing, causing a rollercoaster of relief rallies and sell-offs adding to insights from the latest earnings season and uncertainty over monetary policy. However, global markets were buoyed this week by rising expectations of an interest rate cut by the U.S. Federal Reserve when it next meets on Dec. 9-10. Looking at individual stocks, Delivery Hero sat at the higher end of the index through the previous trading session. The German food delivery company gained 15.3% on Friday following a shareholder call for a strategic review, according to Bloomberg reporting. Delivery Hero declined to comment when contacted by CNBC. Danish pharmaceutical Novo Nordisk continued to be on investor agendas. Its shares advanced 3%, reversing the previous session’s losses. On Wednesday, the U.S. Centers for Medicare and Medicaid ervices announced the newly negotiated price for its bestseller drugs Ozempic and Wegovy from 2027. The new price for patients on Medicare will be $274, a 71% discount from its current list price.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.49% to 6.51% level on Monday.

SEBI Registration number is INH000000081.

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