IGI Logo

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.60%- 5.35% on Monday ended at 4.85%.

* The 10 year benchmark (6.94% GS 2036) closed at 6.7309% on Monday Vs at 6.7139% on Friday .

Global Debt Market:

US Treasury yields were broadly flat on Monday after the ceasefire agreement between the U.S. and Iran came under increasing strain over the weekend, as the two sides traded strikes. The yield on the 10-year U.S. Treasury note the key benchmark for U.S. government borrowing rose marginally to 4.571%.The 2-year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, traded 1 basis point higher at 4.216%. The longer-dated 30-year Treasury bond yield was flat at 5.074%. An Iranian strike on a commercial shipping vessel over the weekend led to a fresh wave of strikes from U.S. forces. Iran responded by launching an attack on American military bases in several Gulf states, deepening a standoff over the strategically vital Strait of Hormuz. The latest exchange casts further doubt on the future of the interim peace agreement signed last month, which sought to pave the way for permanently reopening the Strait of Hormuz and ending the war after 60 days of negotiations. Iran’s strikes targeted U.S. bases in Kuwait, Bahrain, Jordan, Oman and Qatar, according to the country’s state media outlets, which described them as retaliatory measures to renewed U.S. bombings. Crude prices were up in early trading. Brent futures rose 2.4% to $77.81 per barrel, while West Texas Intermediate futures advanced more than 2.4% to $73.14. The economic calendar this week is packed with a raft of data releases that could influence the trajectory of bond markets. Core inflation readings are due on Tuesday, while Kevin Warsh makes his first appearance before Congress as Fed chair later that afternoon.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.94% GS 2036) yield likely to move in the range of 6.72% to 6.74% level on Tuesday.

Stocks in News

• PDS: The company has signed a multi-year sourcing partnership with a French retailer to manage over US$250 million of annual apparel FOB volume from Nov. 1.

• JAIN RESOURCES: Approved a corporate guarantee of Rs 50 crore for JV Jain CY Circular Solutions with ICICI Bank on July 13, 2026.

•  HCL TECH: The Board approved investment of Rs 3,500 crore to set up AI data centres in India through new wholly owned subsidiaries. Board also approved incorporation of a wholly owned subsidiary for this purpose.

• EMS: The company emerged as the lowest bidder for a sewerage infrastructure project awarded by UP Jal Nigam (Urban), Varanasi, with an estimated order value of Rs 105.82 crore

• NHPC: Two of the three 170 MW units at the 510 MW Teesta-V Power Station in Sikkim resumed commercial operations after grid synchronisation. The third 170 MW unit is expected to resume in due course.

• SAMMAN CAPITAL: NCLT allowed clarifications on the Sammaan FinserveSammaan Capital scheme of arrangement on July 10, 2026.

• IFGL REFACTORIES: Incorporated wholly owned subsidiary IFGL Monocon Saudi Company in Saudi Arabia on July 11, 2026 to undertake trading of refractories and related products and services.

• BHARAT ELECTRONIC: The company received new order worth of INR 572 Cr.

• UNO MINDA: GST appellate authority remanded the company's appeal against a GST demand, interest and penalty order of Rs 1.72 crore.

• GRASIM INDUSTRIES: Subsidiary Aditya Birla Renewables approved the acquisition of 100% of Solenergi Power Pvt. Ltd. from Shell Overseas Investment B.V.

• ASTER DM QUALITY CARE: Allotted 35.36 crore equity shares to shareholders of erstwhile Quality Care India.

Economic News

• Retail Inflation up to 4.4% on costlier food, transport: India's retail inflation reached 4.4% in June, surpassing the central bank's target. Higher food and transport costs drove this increase, marking the highest print under the new CPI series. Food inflation accelerated to 5.3%, crossing the five percent mark for the first time. Core inflation moderated to 3.9%, partly due to falling gold and silver prices. Economists anticipate the Reserve Bank of India will maintain its current policy rate.

Global News

• Oil Surges as Middle East Tensions Escalate, China Trade Beats Expectations: Oil prices climbed to their highest level since the June 17 Iran-U.S. ceasefire agreement as renewed geopolitical tensions intensified supply concerns. The rally followed Iranian missile strikes on two UAE tankers in the Strait of Hormuz, the U.S. reinstating its blockade of Iranian shipping, continued U.S. airstrikes on Iran, and fresh Houthi missile attacks targeting Saudi Arabia, raising fears of disruptions to Middle East crude flows. Adding to the uncertainty, U.S. crude inventories are expected to have declined last week, further supporting oil prices. Meanwhile, China's June trade remained robust, with exports surging 27.0% YoY and imports rising 36.0%, reflecting resilient global demand

SEBI Registration number is INH000000081.

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