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Stocks in News

* DCM SHRIAM: The company will incur capex of up to Rs 130 crore for renewable - energy infrastructure and will invest Rs 87 crore in an SPV for a renewable - energy project.

* BALAJI AMINES: The company reports severe logistical disruptions due to the Middle East conflict, impacting ammonia procurement. Some plants are currently non - operational due to non - availability of ammonia.

* GANDHAR OIL: The company states base - oil prices have surged 20% in the last 15 days. It maintains optimal inventory at its UAE plant and notes that continued conflict may affect raw - material supplies.

* QUADRANT FUTURE TEK: The company enters the final stage of passenger field trials for KAVACH equipment meant for Indian Railways.

* KALPATARU PROJECT: The company signs a redevelopment project in Andheri West, Mumbai, with a gross development value of Rs 1,400 crore over a 3 - acre land parcel

* ACME SOLAR: The company commissions the second phase of 33.335 MW out of its 300 MW Battery Energy Storage System (BESS) project.

* MAX FINANCIAL: The company's board approves raising Rs 2,000 crore via QIP or other instruments to meet the funding needs of Axis Max Life.

* TATA STEEL: The company files an appeal against the Rs 1,132 crore GST order issued by the Jharkhand GST authorities, seeking quashing of the demand that comprises Rs 493 crore tax and Rs 639 crore penalty.

* JK LAKSHMI CEMENT: The company will acquire a 77.96% stake in NECEM Cements for Rs 19 crore.The company emerges as the preferred bidder in the e - auction for a limestone block in Assam.

* BIOCON: The company 's arm, Biocon Pharma, receives US FDA approval for liraglutide injection used for treating Type - 2 diabetes mellitus.

* PFC: The company's arm, PFC Consulting, is transferred to Montecarlo for Rs 3.6 crore.

Economic News

* Indian export rates steady as demand slows, Vietnamese and Thai rates fall: Indian rice export prices remain steady this week. Demand is subdued. Vietnamese rice prices have eased due to less buying and increasing supply. Thai rice prices have fallen as the currency weakened. Rising freight rates are impacting new orders for Indian rice exports. Vietnam is increasing national rice reserves. Thailand's currency depreciation is affecting its rice prices.

Global News

* U.S. Trade Deficit Narrows Sharply in January as Record Exports Boost Growth Outlook: The U.S. Department of Commerce reported that the U.S. trade deficit narrowed sharply 25.3% to $54.5 billion in January, driven by record exports of $302.1 billion (+5.5%) and a 0.7% decline in imports to $356.6 billion. Goods exports surged 8.1%, led by industrial supplies, precious metals, computers and aircraft, while imports fell due to lower consumer goods and auto shipments, though capital goods imports hit a record on strong demand for computers and telecom equipment linked to AI and data centers. Services exports also reached a record, while services imports rose slightly. The data comes amid volatile trade trends influenced by tariffs imposed under Donald Trump’s trade policies, including a 10% global tariff and new investigations into trade imbalances, though the anticipated manufacturing revival has yet to materialize with factory jobs declining since 2025.

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.50% - 5.15% on Thursday ended at 4.70%.

* The 10 year benchmark (6.48% GS 2035) closed at 6.6666% on Thursday Vs 6.6366% on Wednesday .

Global Debt Market:

European stocks extended losses on Thursday as investors monitor the Iran war and volatile global oil prices. Shortly after the opening bell, the panEuropean Stoxx 600 was down 0.5%, with most sectors and major bourses in negative territory. Oil prices are in focus after the International Energy Agency on Wednesday agreed to release 400 million barrels of oil to address the supply disruption triggered by the Iran war. The IEA did not set out a timeline for when the stocks would hit the market. It said that the reserves would be released over a timeframe that is appropriate to the circumstances of each of its 32 member countries. Oil prices jumped more than 8% overnight despite the IEA’s move, with Brent crude hitting $100 a barrel as traders remain unconvinced that the strategic release will offset a global supply shock caused by the war. In other news, the Trump administration on Wednesday announced new trade investigations into the European Union and more than a dozen other economies. The probes will be conducted under Section 301 of the Trade Act of 1974, U.S. Trade Representative Jamieson Greer told reporters. That law permits the U.S. to impose tariffs on imported goods from other nations found to have engaged in unfair trade practices.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.6525% to 6.67% level on Friday.

SEBI Registration number is INH000000081.

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