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Stocks in News

• PREMIER EXPLOSIVES & APOLLO MICRO SYSTEMS: Apollo Micro Systems to acquire a 41.33% promoter stake at Rs 698/share and launch an open offer for an additional 26% stake at the same price.

• SAMVARDHANA MOTHERSON: Approved a corporate guarantee of up to €63 million for a term loan availed by wholly owned subsidiary Motherson Global Investments B.V.

• PREMIER ENERGIES: The company commissioned a 5.6 GW solar module manufacturing facility. Total module manufacturing capacity to 11.1 GW.

• GREAT EASTERN SIPPING: Took delivery of 2015-built Long Range 2 tanker “Jag Laxman”, funded entirely through internal accruals; the company's fleet now comprises 41 vessels with capacity utilisation close to 100%.

• SEAMEC: Vessel “Samudra Prabha” was taken off-hire with effect from July 9, 2026 to undergo inspection by the Directorate General of Shipping.

• DIXON TECHNOLOGIES: The company entered a 51:49 JV with vivo Mobile India to manufacture smartphones and electronics in India, following government approval.

• CONTAINER CORPORATION OF INDIA: The company signed a 15-year agreement with GAIL (India) to set up an LNG dispensing station at its Khodiyar Inland Container Depot in Ahmedabad.

• ONGC: The Board approval for the development of a 1.75 MMT Strategic Petroleum Reserve at Mangalore (Phase-I Extension).

• JUBILANT AGRI AND CONSUMER PRODUCT: NCLT approved the demerger of its Agri and Consumer Products Business into Jubilant Agri Solutions.

Economic News

• Monsoon Covers India; July Rains Cut Rainfall Deficit to 14.3%: The southwest monsoon covered the entire country on July 9, just one day later than its normal schedule, taking 36 days from its onset over Kerala on June 5 its slowest advance since 2021. However, rainfall activity strengthened significantly in early July, with over 45% surplus rainfall reducing India's cumulative monsoon deficit to 14.3% from 40% at the end of June. Total rainfall during June 1–July 9 stood at 205 mm, compared with the long-period average of 233.1 mm. IMD expects isolated extremely heavy rainfall over parts of Uttar Pradesh and Uttarakhand in the near term but forecasts below-normal rainfall across much of the country next week. While improved rainfall is expected to support delayed kharif crop sowing, rainfall deficits persist across the northwest, east/northeast and south peninsular regions, with states such as Bihar, Jharkhand, Assam, Punjab and Uttar Pradesh continuing to face inadequate rainfall.

Global News

• Supply Risks Lift Oil Despite Inflation-Driven Demand Concerns: Oil prices edged lower on Friday but remained on course for a strong weekly gain, with Brent up around 6% and WTI about 5%, as renewed military strikes between the U.S. and Iran kept geopolitical tensions and supply disruption fears elevated. The conflict has delayed the full reopening of the Strait of Hormuz, a key route for nearly 20% of global oil and gas shipments, supporting crude prices. However, gains were capped by concerns that rising inflation could weaken global fuel demand, alongside strong U.S. labor market data and higher producer inflation in China. Market sentiment also found some relief after the U.S. avoided targeting Iran's energy infrastructure and President Donald Trump indicated that a return to a full-scale conflict is unlikely.

Government Security Market

* The Inter-bank call money rate traded in the range of 4.60%- 5.49% on Thursday ended at 5.30%.

* The 10 year benchmark (6.94% GS 2036) closed at 6.7517% on Thursday Vs at 6.7636% on Wednesday .

Global Debt Market:

US Treasury’s were steady on Thursday morning after the previous session’s yield spike, as traders awaited domestic economic data and sought to look beyond the renewed hostilities in the Middle East. The key 10-year U.S. Treasury note yield the main benchmark for mortgage borrowing, auto loans and credit card debt was flat at 4.5732%. The 2-year Treasury note yield, which is typically more sensitive to short-term Federal Reserve interest rate decisions, was also unchanged at 4.1953%. The longer-dated 30- year Treasury bond yield, which moves in line with broader geopolitical risks, rose by 1 basis point, holding above the key 5% level, at 5.0773%. After the latest Federal Open Market Committee’s June meetings showed a central bank split on interest rate policy, markets are now awaiting fresh data on jobs and home sales for greater insight into the U.S. economic picture. The latest weekly initial jobless claims data for the week ended July 4 is due later from the Department of Labor. The print is expected to show a jump to 218,000 benefits claims, up from 215,000 the previous week, according to consensus estimates. Investors are also anticipating the latest existing home sales data for June from the National Association of Realtors, which is forecast to show a modest increase in sales last month, following a 3.2% rise in May. Elsewhere, global energy prices eased in early trade Thursday after the U.S. carried out extensive strikes against Iranian military targets overnight, including air defenses, drone and missile sites. U.S. West Texas Intermediate futures dipped 0.98% to $72.82 per barrel, while the international oil benchmark Brent crude shed 1.12%, and was last seen at $77.15.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.94% GS 2036) yield likely to move in the range of 6.7350 to 6.7625% level on Friday

SEBI Registration number is INH000000081.

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