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Stocks in News

* DEEP INDUSTRIES: The company enters into a pact with Advait Greenergy to collaborate on green hydrogen projects.

* BAJEL PROJECT: The company secures an ultra-mega order from the Maharashtra State Electricity Transmission Co (MSETCL) for a 400/220 kV substation.

* PN GADGIL JEWELLERS: The company opens a new store in Navi Mumbai, taking its total store count to 70.

* JIO FINANCIAL SERVICES: IRDAI grants a certificate to its joint venture, Allianz Jio Reinsurance (AJRL), to commence operations as a reinsurance company.

* DR REDDY’S LABS: The company will discontinue a specific clinical trial following a recommendation from the Independent Data Monitoring Committee (IDMC) after a futility analysis.

* SALASAR TECHNO ENGINEERING: The company reports that production and EPC operations are adversely impacted due to a current restriction in LPG supply.

* MEDPLUS HEALTH SERVICES: Arm gets 3 Suspension orders For Drug License For Stores In Karnataka, Telangana and Andhra Pradesh.

* SEAMEC: A consortium involving the company secures a major order worth Rs 410.7 crore from ONGC.

* HINDALCO INDUSTRIES: Notifies customers that it is suspending sales of extruded aluminium products amid Iran war concerns (Bloomberg).

* STERLING AND WILSON RENEWABLE ENERGY: Maharashtra state tax officials conclude their search at the company's offices with no impact on operations.

Economic News

*  RBI's likely to raise liquidity to keep 'short' rates in check: The Reserve Bank of India is expected to increase money supply soon. This move aims to prevent short-term interest rates from rising sharply. It will also counter the effects of the RBI's efforts to support the Rupee. Open market operations and dollar-rupee swaps are key tools. This strategy helps manage liquidity and keep borrowing costs low for banks.

Global News

* China’s factory output strengthens, but weak consumption keeps growth outlook cautious: China’s economy began the year with mixed momentum as industrial output grew 6.3% YoY in Jan–Feb, accelerating from 5.2% in December and beating expectations, supported by strong exports and rising demand for AI-related technology products. Retail sales increased 2.8% YoY (vs 0.9% in Dec), aided by higher spending during the Lunar New Year holiday which lifted tourism spending nearly 19% YoY, although per-trip spending declined slightly, indicating cautious consumers. Fixed asset investment rose 1.8%, defying expectations of a contraction and offering some relief amid the prolonged downturn in the property sector. However, domestic demand remains weak as passenger vehicle sales dropped 26% YoY, household borrowing stayed subdued, and consumption of durable goods softened. Policymakers have set a 4.5%–5% GDP growth target for the year after achieving around 5% growth in 2025, largely supported by a record trade surplus. Despite encouraging manufacturing and export trends, analysts warn that the widening gap between strong external demand and fragile household consumption along with global risks such as tensions in the Middle East could weigh on China’s long-term growth outlook.

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.60%- 5.16% on Friday ended at 4.75%.

* The 10 year benchmark (6.48% GS 2035) closed at 6.6798% on Friday Vs 6.6666% on Thursday

Global Debt Market:

US Treasury yields held steady Friday as investors weighed the latest developments in the U.S.-Iran war and looked ahead to key inflation data. As of 6:20 a.m. ET, the benchmark 10-year Treasury yield was mostly flat at 4.275%. The 30-year Treasury bond yield was up 1 basis point to 4.901%. Meanwhile, the 2-year Treasury note yield dropped by nearly 2 basis points at 3.744%. Investors are awaiting the latest reading of the personal consumption expenditures index the Fed’s preferred gauge of inflation which is scheduled for release later on Friday. “CPI printed in-line with consensus expectations for February, a ho-hum release that reflects the period before the escalation of military action in the Middle East that will lift inflation readings next month due to higher energy prices,” said Josh Jamner, senior investment strategy analyst at Clear Bridge Investments. Brent crude oil, the global benchmark, held above $100 on Friday morning as the U.S.-Iran war headed toward its third week. By 6:30 a.m. ET, Brent futures were almost flat, pulling back from earlier gains to trade at $100.66 a barrel. U.S. West Texas Intermediate crude futures were down by 0.6% at $95.18 per barrel, also paring earlier rises. The rise in oil prices throughout the week came despite the International Energy Agency agreeing to release 400 million barrels of oil the largest release in the organization’s history. The move higher signalled that investors anticipate the war may persist longer than anticipated.

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 Monday

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