Key Highlights: Stocks in News, Economic & Global Updates 16th July 2026 by GEPL Capital Ltd
Government Security Market:
* The Inter-bank call money rate traded in the range of 4.60%- 5.35% on Wednesday ended at 4.85%.
* The 10 year benchmark (6.94% GS 2036) closed at 6.7738% on Wednesday Vs at 6.7945% on Tuesday .
Global Debt Market:
Treasury yields edged higher on Wednesday ahead of the latest producer price inflation print for June, due later in the session, as investors look for further insight on the U.S. economic picture after consumer inflation data came in cooler-than-expected in the previous session. The yield on the 10-year Treasury note the main benchmark for mortgages, auto loans and credit card debt was more than 2 basis points higher at 4.612%. The yield on the 2-year Treasury note, which typically reacts in line with short -term Federal Reserve interest rate decisions, rose 3 basis points to 4.225%. The 30- year Treasury yield was up more than 2 basis points at 5.118%. Traders are awaiting the latest monthly U.S. producer price reading, due later. The PPI index is expected to have held steady in June, according to consensus forecasts, having risen by 1.1% the previous month. The core number, which strips out food and energy costs, is expected to have jumped 0.3%. It previously rose 0.4%. Bond yields eased during Tuesday’s session after the latest consumer price index print came in sharply lower than expected. The CPI index fell 0.4% in June to bring its year-on-year increase to 3.5%. That helped push expectations for a July rate hike by the Fed lower. Meghan Shue, chief investment strategist at Wilmington Trust, said that core inflation continues to indicate that higher energy prices have not passed through materially to inflation, while tariff headwinds continue to fade. “On the encouraging side [we’re seeing] continued disinflation that should allow the Fed to cut by the end of the year,” Shue told CNBC’s “Morning Call” Wednesday
10 Year Benchmark Technical View : The 10 year Benchmark (6.94% GS 2036) yield likely to move in the range of 6.76% to 6.78% level on Thursday.
Stocks in News
• ADANI POWER: The company signed a 25-year power supply agreement with MSEDCL for 1,600 MW from a new 2x800 MW plant.
• AMARA RAJA: The company commissioned a 60 MWh CQP in Telangana with an investment of Rs 500 crore. Commercial cell production is expected next year.
• NTPC GREEN: Its subsidiary Ayana won a 50 MW wind project in an SECI tender at Rs 3.85/kWh.
• HIMADRI SPECIALTY CHEMICAL: HSC approved a Rs 70 crore investment to set up a 200 MTPA Carbon Nano Tubes manufacturing facility. Also approved installation of a Super Specialty Carbon Black facility at its Mahistikry plant. Both facilities are expected to be commissioned by Q4FY28.
• HERO MOTOCORP: Ather Energy approves Rs 960 crore preferential warrant issue to Hero MotoCorp, raising Hero's stake to 30.68% upon conversion.
• GMR AIRPORTS: Airport operator reports record Q1 FY27 passenger traffic of 3.02 crore, with Delhi setting new traffic and cargo records, despite a marginal 0.3% YoY dip in June traffic.
• TATA CAPITAL: The company raised $400 million through its second international bond issuance. S&P assigned a BBB rating to the proposed senior unsecured notes under its $2 billion MTN programme.
• PC JEWLLER: The company repaid and cleared outstanding debt with one more consortium bank, taking the total to four of 14 banks. All four loans were prepaid ahead of schedule.
• TATA POWER: Approved allotment of 1.50 lakh unsecured, rated and listed NCDs worth Rs 1,500 crore through private placement at a coupon of 7.50% for five years.
• ARCHEAN CHEMICAL: The company investee company Offgrid Energy Labs, in which the company holds an 18.14% stake, inaugurated its first 10 MWh Zinc Bromide battery pilot manufacturing facility in the UK.
Economic News
• Government Raises Windfall Duty as Crude Prices Rebound: India has raised windfall taxes on diesel and ATF exports to Rs 15.5/litre and Rs 14.5/litre, respectively, while reducing the levy on petrol exports to Rs 2.5/litre, effective July 16, following a sharp rebound in global crude oil prices. The revision comes as Brent crude surged on renewed geopolitical tensions, supply disruption concerns and stronger diesel refining margins, prompting the government to adjust export duties under its fortnightly windfall tax review mechanism.
Global News
• Dollar Near One-Month Low as Cooling Inflation Dents Fed Hike Bets: The U.S. dollar remained near a one-month low on Thursday after weakerthan-expected U.S. inflation and producer price data, along with slowing job growth, reinforced expectations that the Federal Reserve will pause interest rate hikes in July. The dollar weakened against the yen and euro, while sterling hovered near a two-month high, as markets cut the probability of a July rate hike to 11% from 45% earlier in the week. However, escalating U.S.-Iran tensions kept Brent crude near a one-month high above $85 per barrel, raising concerns that higher energy prices could reignite inflation and limit further downside in the dollar despite improving inflation trends..
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