Corporate, Economic & Global Updates 09th April 2026 by GEPL Capital Ltd
Stocks in News
* ASHIANA HOUSING: The company has acquired 28.55 acres of land in Pune for a new project that carries an estimated sales value potential of Rs. 1,800 crore.
* WIPRO: The company's board will meet on April 16 to consider a proposal for the buyback of equity shares.
* GODFREY PHILLIPS: The company reports that plaintiffs have unconditionally withdrawn their suit filed against the firm in the Delhi High Court.
* EICHER MOTORS: The company has expanded its EV portfolio by launching the 'Flying Flea' electric motorcycle, priced at Rs. 2.79 lakh.
* AMAGI MEDIA LABS: The company announced the expansion of its Amagi NOW platform along with the introduction of Agentic Media Operations.
* ASHOKA BUILDCON: The company has successfully redeemed NonConvertible Debentures (NCDs) worth Rs. 100 crore.
* SANDUR MANGANESE: The company executed a Forest Lease Agreement (FLA) with the Karnataka government for the diversion of forest land to establish the Kammathuru Iron Ore Mine.
* VA TECH WABAG: The company has executed a shareholders' agreement with its joint venture entity, Ghaziabad Bioenergy.
* GHV INFRA: The company has secured a Rs. 105 crore order from GHV India for the construction of various projects located in Kalwa.
* JSW ENERGY: The company has exercised its call option to acquire the remaining 26% stake in JSW Mahanadi Power (JMPCL), moving towards full ownership of the entity.
* EICHER MOTORS: The company has exercised its call option to acquire the remaining 26% stake in JSW Mahanadi Power (JMPCL), moving towards full ownership of the entity.
Economic News
• Reserve Bank of India signals lower rates for longer: Reserve Bank of India Governor Sanjay Malhotra signaled a stable outlook, highlighting strong macro fundamentals, controlled inflation, and resilience in the Indian economy, which could keep interest rates low in the medium to long term despite a neutral policy stance. The RBI kept the repo rate unchanged at 5.25% amid global uncertainties from the Iran conflict, while projecting FY27 GDP growth at 6.9% and inflation at 4.6% (within target). He noted satisfactory policy transmission by banks, emphasized that recent forex measures are temporary to curb rupee volatility, and reiterated that ceasefire developments have been factored into the policy outlook.
Global News
• UK construction hit by record cost surge and weak demand, keeping sector in prolonged contraction: UK construction sector faced sharp stress in March, with input cost inflation surging to record levels as per S&P Global PMI data, driven by the Iran war impact. New orders declined at the fastest pace in months, business confidence weakened, and the sector remained in contraction (PMI 45.6). Rising costs, weak demand, higher borrowing rates, and supply chain disruptions (Hormuz delays) continue to weigh on nearterm outlook, despite some recovery in infrastructure activity
Government Security Market
* The Inter-bank call money rate traded in the range of 4.20%- 5.15% on Thursday ended at 4.75%.
* The 10 year benchmark (6.48% GS 2035) closed at 6.9601% on Thursday Vs 6.8984% on Wednesday .
Global Debt Market:
U.S. Treasury yields showed little movement in early trade Thursday as investors prepared for several key data releases, which will shed further light on the evolving inflationary backdrop and the outlook for interest rates. The yield on the 10-year U.S. Treasury note the benchmark for government borrowing was flat at 4.2872%. Meanwhile, the yield on the 2-year Treasury note, which is typically more sensitive to shortterm Federal Reserve interest rate decisions, fell about 1 basis point to 3.7832%. The longer-dated 30-year Treasury note yield was flat at 4.8806%.Tuesday night’s ceasefire agreement between the U.S. and Iran saw energy prices slide on Wednesday, with investors piling into U.S. Treasury’s as they ramped up bets on the potential for Fed rate cuts. Tensions remain, however, as the ceasefire appears increasingly fragile, with oil prices trading higher on Thursday. Traders are now pricing in a near-25% probability of a rate cut by year-end, according to the CME’s FedWatch tool, after odds on a rate cut jumped on Wednesday. Investor attention now turns to a number of key domestic data releases later. The Commerce Department will release the latest personal consumption expenditures price index for February, before the start of the Middle East conflict. The core PCE price index the Fed’s preferred gauge of underlying inflation in the U.S. economy came in at 0.4% in January, and consensus expectations indicate a 0.4% reading for February. Federal Reserve minutes from March’s meeting showed policymakers remain open to future rate hikes should inflation continue to exceed 2%, while stressing the need to be nimble.
10 Year Benchmark Technical View :
The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.95% to 6.98% level on Friday.
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