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Stocks in News

• THE GREAT EASTERN SHIPPING: The company took delivery of Kamsarmax vessel Jag Amit (81,886 DWT) as planned in Q2FY27.

• LEMON TREE HOTELS: The company opens 44-room hotel in Pavagadh, Gujarat.

• ENGINEERS INDIA: The company enters maritime safety training consultancy business; wins offshore safety standards mandate

• CUPUD: The company signs exclusive long-term retail partnership with V2 Retail; targets Rs 400 crore revenue.

• MANIPAL HEALTH: The company executes lease agreement for Gurugram land to operate hospital; tenure of 29 years and 11 months.

• PREMIER ENERGIES: The company to set up 10 GW ingot and wafer manufacturing facility.

• ADANI POWER: The company signs 25-year PPA with Uttarakhand Power Corporation for 1,234 MW supply.

• RAVINDRA ENERGY: The company signs MoU with Sorigin Green Mobility for deployment of 500 electric heavy commercial vehicles.

• PN GADGIL JEWELLERS: The company opens store in Prayagraj; total store count rises to 82.

• ALEMBIC PHARMA: The company’s receives US FDA approval for Olopatadine Hydrochloride Ophthalmic Solution.

• NALCO: The company advances Rs 30,000 crore expansion plan; targets doubling smelting capacity to 1 MTPA.

• HINDUJA GLOBAL: The company sale of stake in two arms is under process and will take some more time.

Economic News

• Democrats' US midterm sweep may give India more room to negotiate a balanced trade deal with Trump: Democrats' takeover of both chambers of the US Congress could ease pressure on India in trade negotiations with the Trump administration, experts said. Greater Congressional scrutiny of tariffs may create opportunities for Indian exporters, although the existing 18% tariff is unlikely to change immediately and the bilateral trade agreement could face delays.

Global News

• Democratic victory lifted global markets and renewable stocks, while oil and Asian tech stocks declined: US midterm election results delivered a major victory for Democrats, raising expectations of reduced US-Iran war tensions and easing concerns over energy supply disruptions. Brent crude plunged nearly 9% overnight to below $100/bbl, extending its weekly decline to around 20%, while lower oil prices eased inflation concerns, supported a bond rally and weakened the dollar to a one-month low. The S&P 500 gained 1.6%, while European equities touched a two-month high. However, Asian markets remained under pressure, with South Korea’s KOSPI falling 4% and Taiwan’s index declining 1.8%, as expectations of tighter AI and data-centre regulations weighed on semiconductor and technology stocks. Democrats' strong performance also boosted solar and renewable energy stocks on expectations of greater policy support.

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.30% - 5.70% on Wednesday ended at 5.20% .

* The 10 year benchmark (6.94% GS 2036) closed at 7.3012% on Wednesday Vs 7.3012% on Tuesday .

Global Debt Market:

U.S Treasury yields moved lower on Wednesday as investors sought shelter from a sell-off in equity futures sparked by potential big victories from Democrats in the U.S. midterm elections. The benchmark 10-year Treasury note yield was last seen 3 basis points lower at 4.9167%. The 30-year bond yield slid 3 basis points to 5.29%, and the shorter-term 2-year note yield was broadly flat at 4.6101%. Democrats are on course for a clean sweep, with the party winning at least the House and projected to win the Senate according to a CNBC Election Desk. The Associated Press is projecting that Democrats have flipped Senate seats from Republicans in Iowa, Kansas, North Carolina, Ohio, South Carolina, Maine and Texas. Stock futures fell sharply as election results rolled in. Contracts tied to the S&P 500 were seen 0.17% lower, and Nasdaq-100 futures slid 0.25%. AIrelated shares, which have led the bull market, paced the overnight decline on fears that Democrats would slow the data center buildout.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.94% GS 2036) yield likely to move in the range of 7.165% to 7.2050% level on Thursday

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