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Stocks in News

* VA TECH WABAG: The company clarifies it has no Rs.600 crore Saudi contract and awaits order award for a Kuwait desalination JV project.

* ISGEC HEAVY ENGINEERING: The company signs an MoU with the Nigeria Sugar Council to provide technical support for sugar projects.

* ADITYA INFOTECH: The company enters into a 50:50 joint venture with Orient Cables to manufacture LAN, CCTV and electric cables.

* RVNL: The company emerges as L1 bidder for a Rs.967 crore construction project of East Coast Railway.

* CESC: The company signs power purchase agreements for 600 MW of wind?solar hybrid power with four hybrid power developers. This includes a 300 MW PPA with Purvah Green Power, with all PPAs having a tenure of 25 years.

* DCM SHIRAM: The company's arm enters into a joint venture named PolyTek with Teknor Apex to expand its polymer compounds business.

* KPI GREEN ENERGY: The company receives an inter?state power trading licence from the Central Electricity Regulatory Commission (CERC).

* SAMVARDHANA MOTHERSON: The company dissolves its France?based unit GIE Groupe AD following regulatory approval.

* ASSOCIATED ALCOHOLS & BREWERIES: The company informs that NCLT Kochi has approved the resolution plan in respect of SDF Industries.

* PAYTM: The company converts a loan of Rs. 197 crore into equity in First Games, increasing its stake to 82.6% from 55%. It also approves a default loss guarantee of up to Rs. 90 crore.

* R SYSTEMS: The company announces that NCLT Delhi has sanctioned the merger of Velotio and Scaleworx with R Systems.

Economic News

* Labour-intensive sectors see steep fall in exports in March: The fiscal year 2026 brought a mixed bag for India's exports. On one hand, engineering goods, electronics, and pharmaceuticals excelled, driving growth. On the flip side, textiles and gems were hampered by market fluctuations. Disruptions in West Asia's trade routes complicated logistics, affecting shipments significantly. Interestingly, electronics imports surged, crossing the $100 billion threshold.

Global News

* US factory output dips amid auto slowdown and rising uncertainty, signaling fragile recovery: U.S. factory output unexpectedly declined 0.1% in March, dragged by a sharp fall in motor vehicle production and weakness across key sectors like metals, machinery, and furniture, despite prior momentum. While manufacturing showed signs of recovery with 3% annualized growth in Q1 and modest YoY gains, rising oil prices due to geopolitical tensions and tariff impacts have increased uncertainty, prompting cautious business sentiment as highlighted in the Federal Reserve’s Beige Book. Broader industrial activity also weakened, with declines in mining, energy, and utilities pulling overall industrial production down 0.5%. Capacity utilization edged lower, remaining below long-term averages, indicating persistent slack in the system despite early signs of stabilization.

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 6.8884% on Thursday Vs 6.8662% on Wednesday .

Global Debt Market:

U.S. Treasury yields were mixed Thursday as investors awaited the latest jobless claims data, which could help shape interest rate expectations from the Federal Reserve, amid ongoing uncertainty over the impact of the Middle East war. The yield on the 10-year U.S. Treasury note the key benchmark for government borrowing was largely unchanged at 4.2835% in early deal making. The 2-year Treasury note yield, which is more sensitive to short-term Federal Reserve interest rate decisions, fell more than 1 basis point, reaching 3.7549%. But the longer-dated 30-year Treasury bond yield rose by more than 1 basis point to 4.9040%. Initial jobless claims, which rose by 16,000 to 219,000 for the week of April 9, are expected to come in at 215,000 for this week when they are released by the Department of Labor today, suggesting that the U.S. employment market remains robust. Later, the Fed’s data on industrial production, which grew 0.2% month-on-month in February, is predicted to show a 0.1% rise for the month of March, according to consensus estimates. The economic data follows the Federal Reserve’s latest regional economic study, known as the “beige book report”, which revealed the impact of growing uncertainty for U.S. businesses as a result of the U.S.-Iran conflict. President Donald Trump threatened Wednesday to fire Fed chair Jerome Powell should he not step down once his term concludes next month. Powell’s term as chair ends May 15, but he still has two years to go in his tenure as a board governor.

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 Friday

SEBI Registration number is INH000000081.

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