IGI Logo

Stocks in News

* BHARAT ELECTRONIC: The defense public sector undertaking has secured multiple orders aggregating to Rs 569 crore for FY27.

* INFOSYS: The IT major has entered into a strategic pact with OpenAI to drive enterprise transformation by combining OpenAI's technology with the Infosys Topaz Fabric.

* EXICOM TELE-SYSTEM: The company's stake in its Dutch arm, Exicom BV, has been diluted to 92.23% following the conversion of $5.5 million worth of Optionally Convertible Debentures (OCDs) into equity.

* JIO FINANCIAL SERVICES: The company has formed a 50:50 joint venture with Allianz Europe to offer general and health insurance in India, aiming to support the 'Insurance for All by 2047' initiative. Operations will begin post regulatory approvals.

* GNG ELECTRONIC: The company clarified that its credit rating has been upgraded to 'BBB' by CARE Ratings, and emphasized that the promoter group's KKOC operations run entirely separate from the company's core business.

* LEMON TREE HOTEL: The hospitality chain has signed agreements for two new properties a 78-room hotel in Raipur and a 60-room hotel in Jalandhar both to be managed by its arm, Carnation Hotels.

* PNC INFRATECH: The company has emerged as the L1 Bidder for construction orders worth a massive Rs 3,483 crore from the NHAI.

* UINMECH AEROSPACE: The company and its subsidiary, Innomech, are set to acquire Hobel Bellows for Rs 450 crore. Unimech will hold a 24% stake, while Innomech will hold the remaining 76%.

* RELINCE INDUSTRIES: The company reports that its subsidiary, Jiostar, has officially merged with another group entity, IndiaCast.

Economic News

* India can grow above 7 pc even if crude oil costs USD 90-100/barrel: Assocham: India's economy shows resilience to high oil prices. Consumption drives growth, allowing over 7 percent annual expansion even with crude oil at USD 90-100 per barrel. Historical data supports this trend. Assocham predicts continued strong growth above 7 percent through 2026-27. This outlook contrasts with some international forecasts predicting moderation.

Global News

* Oil stays volatile above $100 as Iran–United States tensions disrupt Strait of Hormuz supply routes: Oil prices eased slightly after a sharp rally, as ongoing tensions between Iran and the United States continued to disrupt global supply dynamics. Despite an extended ceasefire, both nations maintained restrictions on shipping through the Strait of Hormuz, a critical route that previously handled around 20% of global oil and LNG flows, keeping supply concerns elevated. The situation worsened with Iran seizing vessels and the U.S. intercepting Iranian tankers in key Asian regions, tightening control over trade routes. Brent crude remained above $100 per barrel while WTI hovered near $93, supported by geopolitical risks and supply tightness. On the demand side, U.S. fuel consumption stayed strong, reflected in sharp declines in gasoline and distillate inventories. However, crude oil inventories rose unexpectedly, indicating mixed supply-demand signals. Meanwhile, U.S. oil exports surged to a record ~12.9 million barrels per day as Europe and Asia increased purchases to offset Middle East disruptions. Overall, the market remains highly volatile, driven by geopolitical uncertainty, supply constraints, and shifting global trade flows.

Government Security Market

* The Inter-bank call money rate traded in the range of 4.20%- 6.30% on Wednesday ended at 4.85%.

* The 10 year benchmark (6.48% GS 2035) closed at 6.9225% on Wednesday Vs 6.8894% on Tuesday .

Global Debt Market:

U.S. Treasury yields were broadly flat early Wednesday after President Donald Trump announced an indefinite extension to the ceasefire with Iran. The yield on the 10-year U.S. Treasury note the key benchmark for U.S. government borrowing was largely flat at 4.297%. The 2-year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, was flat at 3.777%. The longer-dated 30-year Treasury bond yield was up more than a basis point at 4.910%. Trump on Tuesday extended the two-week U.S. ceasefire with Iran, saying the extension was warranted due to Tehran’s government being “seriously fractured.” He said the ceasefire, which he earlier had said would end on Wednesday, would continue “until such time as” Iran’s leaders and representatives submit a “unified proposal” to end the war with the U.S. and Israel. The President’s announcement came after reports that an expected trip by Vice President JD Vance to Pakistan for a second round of peace talks with Iranian officials had been put on hold. Elsewhere, investors are digesting details from Federal Reserve chair nominee Kevin Warsh’s confirmation hearing, which wrapped up on Tuesday. Trump’s nominee fielded questions on issues ranging from his views on monetary policy to his sprawling and complex personal finances to his ties to the Trump White House. He would become the wealthiest ever Fed chair if confirmed.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.9025% to 6.9275% level on Thursday

SEBI Registration number is INH000000081.

Please refer disclaimer at https://geplcapital.com/term-disclaimer