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Stocks in News

* TILAKNAGAR INDUSTRIES: The company reports that sales of its Mansion House brand surpassed 10 million cases in FY26, up from 8.7 million cases in FY25.

* COCHIN SHIPYARD: The company reports that the Ministry of Corporate Affairs (MCA) has launched the second 100-day special outreach initiative titled 'Saksham Niveshak', running from April 1 to July 9.

* AMBER ENTERPRISES: The company reports that its arm, IL JIN Electronics, has acquired an additional 4.85% stake in Unitronics, bringing its total shareholding to 49.66%.

* NTPC: The company reports that its Jharkhand coal mine has been transferred to NTPC Mining (NML) and has declared the commencement of commercial operations at the site. Separately, the group's total installed capacity now stands at 89,108 MW, with commercial capacity at 88,028 MW.

* NMDC: The company's March business update shows total production surged 51% YoY to 5.35 MT, while total sales grew 40% YoY to 5.90 MT.

* INDIAN OIL CORPORATION: The company's FY26 business update reports refinery crude throughput at 75.4 MMT, pipeline throughput at 105.3 MMT, petroleum product sales up 4% YoY to 104.4 MMT, petrochemical sales at 3.22 MMT, and the commissioning of 909 new retail outlets.

* DCM SHRIRAM: The company has started a 17,000 TPA capacity expansion at its Gujarat Epichlorohydrin plant, taking total capacity to 52,000 TPA.

* MARUTI SUZUKI: The company's March production volume grew 19% YoY to 2.32 lakh units, driven by passenger vehicle production.

* V2 RETAIL: The company reports Q4 revenue grew 59% YoY to Rs. 798 crore, achieving a 7.74% Same Store Sales Growth, and ended FY26 with 325 stores.

Economic News

• India exempts some chemicals from import duty: India has waived import duties on crucial chemicals like ammonium nitrate, methanol, and PVC for three months, starting April 2nd. This move aims to ease supply chains and potentially lower costs for various industries. The government has also exempted ammonium nitrate from the Agriculture Infrastructure and Development Cess during this period, offering further relief.

Global News

• Strong February retail sales mask emerging risks from oil shock and inflation, signaling near-term consumption slowdown despite resilient demand: U.S. retail sales grew a solid 0.6% in February (highest in 7 months), led by a rebound in auto sales, stronger discretionary spending (clothing, online, hobbies), and support from higher tax refunds indicating consumer resilience before the U.S.-Israeli war with Iran; however, the sharp >50% surge in global oil prices (fuel >$4/gallon) and tariff-driven inflation are starting to inflate headline sales (especially gasoline) while eroding real purchasing power, with early signs of stress visible in categories like furniture and groceries. Core retail sales (proxy for GDP consumption) remained steady at +0.5%, supporting ~1.9% Q1 GDP growth expectations, but rising input costs, supply chain disruptions (Hormuz route), and elevated factory inflation (prices paid at multi-year highs) signal margin pressure and pass-through to consumer inflation (~3.25% est.), which could weaken demand in Q2. Overall, while demand remains intact (supported by high-income spending and tax refunds), the outlook is turning cautious with risks of softer consumption, persistent inflation, delayed rate cuts, and growth moderation in the near term before a potential recovery in H2 if energy prices ease.

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.60%- 7.10% on Monday ended at 5.00%.

* The 10 year benchmark (6.48% GS 2035) closed at 7.0345% on Monday Vs 6.9419% on Friday .

Global Debt Market:

U.S. Treasury yields were lower early on Monday as investors looked ahead to key jobs data and monitored the U.S.-Iran war, which entered its fifth week. The benchmark 10-year Treasury yield was down over 4 basis points to 4.393%, while the 30-year Treasury bond also shed 4 basis points to yield at 4.933%.The 2-year Treasury yield was lower by 2 basis points to 3.891%. Investors are awaiting several employment reports during the holiday-shortened trading week. The market will be closed on Friday in observance of Good Friday. on Tuesday, while the ADP Employment Survey is also due on Wednesday. The key nonfarm payrolls Report is slated for release on Friday morning. “Looking at the week ahead, we should start to learn about the economic consequences of the conflict, as several data releases for March are out, which cover the period since the strikes began on February 28,” Deutsche Bank analysts said in a note. In the latest developments on the Middle East conflict, U.S. President Donald Trump told the Financial Times on Sunday that he could “take the oil in Iran,” and seize the country’s export hub of Kharg Island. “Maybe we take Kharg Island, maybe we don’t. We have a lot of options,” Trump said. The ISM Manufacturing report on Wednesday will also show early indicators of inflationary pressures linked to the conflict and its impact on component costs, according to the Deutsche Bank analysts.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 7.01% to 7.04% level on Thursday.

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