Corporate, Economic & Global Updates 30th March 2026 by GEPL Capital Ltd
Stocks in News
* ARVIND SMARTSPACES: The company has entered Mumbai’s residential segment with its first apartment project, featuring an estimated carpet area of 42,000 sq ft and a revenue potential of Rs 300 crore.
* EICHER MOTORS: The company has launched the Royal Enfield Guerrilla 450 APEX, priced from Rs 2.5 lakh (ex-showroom).
* CEIGALL INDIA: The company’s subsidiary has secured a Rs 603 crore project under the hybrid annuity model, with an execution timeline of 18 months.
* JNK INDIA: The company has secured a Rs 300–600 crore order from JNK Global for a cracker furnace package for a refinery project.
* SJVN: The company’s 412 MW Rampur Hydro Power Station has achieved its highest-ever power generation milestone.
* COAL INDIA: The company has formed a joint venture with Damodar Valley Corporation for power generation, transmission, distribution and allied activities, with an equity infusion of Rs 3,133 crore and debt funding of Rs 7,310 crore.
* PC JEWELLER: The company has signed an MoU with NSDC to act as an industry partner in the gems and jewellery sector, aiming to develop and onboard up to 2 lakh micro-entrepreneurs across India over five years under the PC Jeweller brand.
* RAILTEL CORPORATION: The company has received a Rs 444 crore LoI for system integration of KSWAN 3.0. Its KAVACH order book stands at Rs 1,000 crore, with the overall order book at Rs 10,166 crore. Additionally, it has secured a Rs 13 crore LOA from the Mumbai Port Authority.
Economic News
* Government Temporarily Eases Kerosene Norms to Tackle Supply Disruptions: The government has relaxed norms to allow subsidized kerosene sales through select petrol pumps for a limited period, amid global geopolitical disruptions to energy supply chains. Public sector oil marketing companies can now distribute PDS kerosene via up to two designated outlets per district across 21 previously kerosene-free states and UTs, with a cap of 5,000 litres per pump. Licensing requirements have also been eased to accelerate distribution and ensure timely availability for households. The measure is temporary, valid for 60 days or until further orders, with safety and operational compliance mandated.
Global News
* Crude Oil Surges as West Asia Tensions Deepen Supply Fears: Oil prices rallied sharply at the start of the week, with Brent crossing $116/bbl and WTI moving above $100, as escalating tensions in West Asia heightened concerns over supply disruptions. Iran-backed Houthi missile strikes on Israel and increased US military presence have intensified market anxiety, particularly around key chokepoints like the Bab el-Mandeb Strait and Red Sea routes. With shipping lanes and critical infrastructure such as Saudi Arabia’s Yanbu hub at risk, crude has surged nearly 60% this month amid tightening supply signals. Elevated geopolitical risks, coupled with potential threats to Iran’s oil assets, have kept markets on edge, while spillover effects are also visible in metals, raising broader inflation concerns globally.
Government Security Market:
* The Inter-bank call money rate traded in the range of 4.00%- 5.70% on Friday ended at 4.95%.
* The 10 year benchmark (6.48% GS 2035) closed at 6.9419% on Friday Vs 6.8750% on Wednesday .
Global Debt Market:
Yields on U.S. Treasury’s edged higher on Friday morning, as investors continued to monitor developments in the Iran war. By 6:30 a.m. ET, the yield on the benchmark 10-year Treasury was 4 basis points higher at 4.458%. The 2-year Treasury yield was 2.6 basis points higher at 4.01%, while the yield on the 30- year Treasury was up by close to 3.6 basis points to trade at 4.972%. In a Thursday evening Truth Social post, President Donald Trump said he would extend a pause on energy facility attacks by a further 10 days to allow time for talks on a peace deal. The suspension will now expire on April 6, Trump said, adding that “talks are ongoing and … they are going very well.” Oil prices continued to rise on Friday, with Brent crude futures gaining 1.4% to settle around $109.58 a barrel, while West Texas Intermediate futures rose by 0.8% to $95.21. In a Friday morning note, Deutsche Bank’s Jim Reid said a “kneejerk reaction” in oil markets after Trump’s post on Thursday had been fleeting, with Brent now trading “within touching distance of the level it was at before Trump’s post.” “While the delay might reduce some of the immediate escalation risk, it offers no new visibility on the path towards resolution, given Iran’s denials over talks, and while the Strait of Hormuz remains largely closed,” he said. Investors will also be monitoring the Michigan Consumer Sentiment final print for March, due to be released later today.
10 Year Benchmark Technical View :
The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.92% to 6.95% level on Monday.
