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Stocks in News

* AMRUTANJAN HEALT: The company has announced its strategic entry into the personal care segment with the launch of its new razors category.

* SHYAM METALICS: The Enforcement Directorate (ED) has attached investments worth Rs. 152 crore belonging to the company's arm, Eastern Coalfields, in connection with an ongoing PMLA case.

* CIPLA: The company received 2 Form 483 observations from the US FDA following a routine inspection of its Goa manufacturing facility conducted between April 6 and April 17.

* PC JEWELLER: The company continues its deleveraging efforts, reducing its outstanding bank debt by another 10%, which brings its total debt repayment to over 90% of the outstanding amount.

* KRSNAA DIAGNOSTICS: The company has appointed Chandra Prakash Singh as its Interim Chief Financial Officer and elevated Pallavi Bhatevara to the position of Whole-Time Director

* VA TECH WABAG: The company has announced a strategic investment of Rs. 3 crore in the Bengaluru-based technology firm, Nimble Vision.

* BHEL: The company has withdrawn its acceptance of an LOI from MB Power for supplying boiler, turbine, and generator equipment for the Anuppur Thermal Power Project, while also filing a Rs.143 crore recovery suit against aichur Power Corp in the Bengaluru Commercial Court related to a 1600 MW contract.

* AUROBINDO PHARMA: The company has received US FDA approval for its Dextromethorphan Polistirex Suspension, a bioequivalent to Delsym, which will be manufactured at Unit-IV of APL Healthcare.

Economic News

* Multiple states to borrow Rs 16,900 crore through RBI SGS auction on April 21: Multiple state governments are set to raise a combined Rs 16,900 crore through a revised auction of State Government Securities on April 21. The Reserve Bank of India will conduct the auction on its E-Kuber platform, featuring fresh issuances and re-issues with varying tenors. Andhra Pradesh, Punjab, Maharashtra, Rajasthan, and Telangana are among the participating states.

Global News

* China holds rates steady as strong growth and easing deflation reduce need for stimulus: China is expected to keep its benchmark lending rates unchanged for the 11th consecutive month, supported by stronger-thanexpected economic momentum. The economy grew 5.0% in Q1, up from 4.5% in the previous quarter, placing growth at the upper end of its annual target range. Improving inflation dynamics, with factory-gate prices turning positive after more than three years, indicate easing deflationary pressures. This combination of steady growth and reflation reduces the immediate need for additional monetary stimulus. A Reuters survey shows unanimous expectations that the People’s Bank of China will hold the 1-year and 5-year Loan Prime Rates at 3.00% and 3.50%. The central bank is likely to continue favoring targeted and structural measures, such as liquidity injections and reserve requirement cuts, over broad rate easing. This approach aligns with its stance of maintaining an “appropriately loose” policy while ensuring financial stability. Overall, stable growth conditions and improving price trends suggest rates will remain on hold unless there is a meaningful slowdown in economic activity.

Government Security Market

* The Inter-bank call money rate traded in the range of 4.20%- 5.15% on Friday ended at 5.00%.

* The 10 year benchmark (6.48% GS 2035) closed at 6.9049% on Friday Vs 6.8884% on Thursday .

Global Debt Market:

U.S. Treasury yields were unmoved Friday as investors closely monitored events in the Middle East after Israel and Lebanon agreed to a 10-day ceasefire. The 10-year U.S. Treasury note yield the key benchmark for U.S. government borrowing held steady at 4.2994%. The 2-year Treasury note yield, which tends to react in line with short-term Federal Reserve interest rate decisions, was also flat at 3.7690% in early deal making. Meanwhile, the longer-dated 30-year Treasury bond yield was unchanged shortly after 5:00 a.m. E.T., at 4.9244%. Borrowing costs in the U.S. edged higher during Thursday’s session, with 10-year Treasury yields rising more than 3 basis points, as bond traders digested new labor market data showing a fall in jobless claims. Investors continue to watch developments in the Middle East and the conflict’s potential impact on inflation, growth and Fed rate decisions. Israel and Lebanon have agreed to an immediate temporary pause in hostilities following talks in Washington on Thursday. Meanwhile, President Donald Trump repeated his assertion that an end to the war in Iran is in sight as the U.S. Navy’s blockade of ports in the Strait of Hormuz continues. Oil was trading lower on Friday, with West Texas Intermediate futures for May delivery, the benchmark for U.S. crude prices, down more than 2% at $92.78.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.88% to 6.91% level on Monday.

SEBI Registration number is INH000000081.

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