Daily Morning Briefing; Choice Institutional Equities Morning Choice August 08, 2025

* US Treasury sells $25B of 30Y Bonds with 2.1bp tail as demand weakens
The U.S. government sold $25 billion in 30-year bonds at a yield of 4.813%, above market expectations, signaling weaker investor demand. The bid-to-cover ratio dropped to 2.27, and indirect bidder participation fell below average. Dealers absorbed a larger share than usual, reflecting softer interest amid uncertainty over inflation and Fed policy. Yields rose slightly after the auction.
* Wall Street mixed as oil prices decline for 6th session
Global markets saw mixed signals Thursday as Wall Street closed with the Dow and S&P 500 down, while the Nasdaq rose. Investor sentiment was swayed by hopes for a Ukraine ceasefire as Trump planned talks with Putin, pressuring oil prices to an eight-week low. Gold surged to a two-week high amid market volatility, and U.S. Treasury yields ticked up after a soft 30-year bond auction. In Europe, stocks climbed to a one-week high on strong financials and optimism over a ceasefire, while the Bank of England's rate cut faced internal resistance, lifting the pound.
* Argentina’s industrial output rises 9.3% year-on-year in June
Argentina’s industrial output rose 9.3% year-over-year in June, showing strong annual growth, according to INDEC. However, on a month-over-month basis, output declined 1.2% in seasonally adjusted terms, indicating a short-term slowdown despite the positive annual trend.Ask ChatGPT
* Trump tariffs hit India’s garment makers as US buyers say move production
Donald Trump’s steep new tariffs on Indian imports - now set to reach 50% - have caused panic among U.S. garment buyers and Indian exporters. Major apparel makers like Pearl Global are being urged by clients to shift production out of India to avoid the levies, favoring countries like Bangladesh, Vietnam, Ethiopia, and Guatemala. The tariffs, a penalty linked to India’s Russian oil purchases, threaten India's role as a rising U.S. supplier and deal a blow to Modi’s "Make in India" push. Some exporters have paused orders or are urgently considering new overseas manufacturing bases.
* BOJ debated chance of resuming rate hike, July summary shows
* BOJ debated chance of resuming rate hike, July summary shows Bank of Japan policymakers signaled growing concern over inflation, with some supporting a possible interest rate hike by year-end, according to the July meeting summary. While uncertainty remains over the impact of U.S. tariffs, optimism around a new U.S.-Japan trade deal has improved the economic outlook. Several members stressed the need for timely rate hikes to avoid more disruptive increases later. Though rates were held steady at 0.5%, rising inflation risks and stronger economic forecasts suggest the BOJ may shift from its cautious stance soon.
* Bharti Airtel
Promoter entity Indian Continent Investment is likely to sell a 0.8% equity stake in the company via a block deal, reports CNBC-TV18, quoting sources. The block size is expected to be around Rs 9,310 crore, and the floor price for the deal is likely set at Rs 1,862 per share
* AU Small Finance Bank
AU Small Finance Bank has received in-principle approval from the Reserve Bank of India (RBI) for its transition from a small finance bank to a universal bank.
* Zydus Lifesciences
The company has received a Notice of Compliance (NOC) from Health Canada for its ZDS-Varenicline tablets (0.5 mg and 1 mg). This marks the group’s first NOC approval in Canada. Varenicline is used as an aid for smoking cessation.
* Piramal Pharma
The company has informed exchanges about a fire incident at a third-party warehouse in Telangana, which also housed certain inventory belonging to the company, on August 6. The fire is largely under control, and the cause of the fire is under investigation. The value of inventory affected by the incident is currently estimated at Rs 45 crore.
* Eternal
Alibaba-backed Antfin Singapore Holding Pte has sold 14.13 crore shares (1.46% stake) in Eternal, the parent firm of Zomato, at Rs 289.91 per share, amounting to a total transaction value of Rs 4,096.7 crore. Antfin had held a 1.95% stake in Eternal as of June 2025.
* Tata Sons
Tata Sons has initiated early talks with minority shareholder Shapoorji Pallonji (SP) Group to explore potential exit and monetisation options for SP’s 18.37% stake, currently pledged with lenders. This follows a resolution by Tata Trusts to retain Tata Sons’ private status and seek a settlement
Jash Engineering Ltd- Received orders worth Rs. 78 Cr. in July out of which orders worth Rs. 30 Cr. are for projects in India and orders worth Rs. 48 Cr. are for projects outside India.
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