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Stocks in News

* BAZAR STYLE RETAIL: The company receives an insurance claim settlement of Rs. 23 crore related to fire damage to warehouse inventory in FY25.

* RUBICON RESEARCH: The company enters into an agreement to acquire an 85% stake in Arinna Lifesciences for Rs. 176 crore

* AUROBINDO PHARMA: The company expands its existing CMO operations with Merck Sharp through an addition to the ongoing CMO agreement with MSD Singapore. Its arm, TheraNym Biologics, plans a greenfield project for the MSD contract with an investment of USD 150–175 million.

* SHAMI HOTELS: The company signs a lease agreement for a ~162?room hotel in Noida. Its arm, Samhi Skyline, enters into a long - term agreement with the Ingka Group to develop an upscale hotel in a mixed?use project.

* BRIGADE ENTERPRISES: The company signs an agreement for an 8.63 - acre development project in East Bengaluru, with a gross development value of Rs. 7,200 crore.

* INFOSYS: The Company announced a multi - year partnership with tennis player Carlos Alcaraz to be company's Global Brand Ambassador.

* CONTAINER CORPORATION OF INDIA: The company places an order worth Rs. 175 crore with Braithwaite & Co for the supply of nine BLSS spine?car rakes.

* SURAJ ESTATE DEVELOPER: The company acquires land in Dadar (West) with an estimated gross development value potential of around Rs. 100 crore.

* GHV INFRA: The company receives a construction contract worth Rs. 815 crore from APCO Infra for miscellaneous civil works in Maharashtra.

* VISHNU CHEMCALS: The company temporarily shuts its Parwada plant in Vizag for routine maintenance, with the facility expected to remain offline for around three weeks.

Economic News

* WPI inflation hits 38-month high of 3.9% in March as soaring energy, crude prices amid West Asia war drive up costs: India's wholesale inflation reached a 38-month peak of 3.9% in March. This surge was fueled by rising costs of crude oil, energy, and manufactured goods. Experts anticipate further increases due to ongoing global tensions. Supply disruptions also contributed to higher input prices across various sectors. Retail inflation also saw a slight uptick

Global News

* China beats growth, but weak demand and oil risks persist: China’s economy showed a stronger-than-expected start to 2026 with Q1 GDP growth at 5.0% (vs 4.8% est.), supported by resilient manufacturing and policy stimulus, though momentum is uneven as retail sales slowed to 1.7%, highlighting weak domestic demand. Export growth moderated sharply to 2.5% in March (from 21.8% earlier) amid rising energy and logistics costs due to the Iran conflict, exposing China’s vulnerability as a major energy importer and export -driven economy. While industrial output remained relatively firm and fiscal support strengthened (higher spending, ~4% deficit target, increased bond issuance), early signs of strain are emerging with rising factory-gate prices pressuring margins and slowing fixed investment. Policymakers are now prioritizing reflation and boosting consumption to address the structural imbalance between strong supply and weak demand, with expectations of continued accommodative policy and selective liquidity easing going forward.

Government Security Market

* The Inter-bank call money rate traded in the range of 4.20%- 5.15% on Wednesday ended at 4.75%.

* The 10 year benchmark (6.48% GS 2035) closed at 6.8662% on Wednesday Vs 6.9395% on Monday.

Global Debt Market:

* U.S. Treasury’s were flat on Wednesday as investors monitored signals from the White House that talks to resolve the Middle East conflict will resume this week. The yield on the 10-year U.S. Treasury note the key benchmark for government borrowing as flat at at 4.2558%.The 2-year Treasury note yield, which is more sensitive to short-term Federal Reserve interest rate decisions, also remained unchanged at 3.7572%. The longer-dated 30-year Treasury bond yield was also down by more than 1 basis point at 4.8633%. Markets rallied on Tuesday following reports that a fresh round of negotiations between the U.S. and Iran could be held in Islamabad over the coming days. Investors also continued to probe economic data for signs of inflationary pressures caused by the conflict. Treasury yields fell on Tuesday after the latest producer price index a key gauge of pipeline costs for final demand goods and services in the U.S. rose by 0.5% in March, according to data from the Bureau of Labor Statistics. That was markedly lower than the Dow Jones consensus estimate of 1.1% for the month. The Mortgage Bankers Association’s latest average U.S. 30-year fixed mortgage rate is published later on Wednesday. The 30-year fixed rate with conforming loan balances fell to 6.51% for the week ending April 3, sliding from its sevenmonth high of 6.57% the previous week. Other data releases expected later include monthly import and export prices for March.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.8550% to 6.88% level on Thursday.

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