Key Highlights: Stocks in News, Economic & Global Updates 16th June 2026 by GEPL Capital Ltd
Stocks in News
• PATEL ENGINEERING:
Company receives Rs. 126.37 crore Letter of Acceptance for Tasgaon Lift Irrigation Scheme in Maharashtra; company's share in the contract valued at 51% of total contract.
• SJS ENTERPRISES:
The Company sold its immovable property in Bengaluru for a consideration of Rs. 58.5 crore by executing a sale deed.
• CONCORD ENVIRO SYSTEM:
Wholly owned subsidiary secured Rs. 16 crore order for wastewater treatment & ZLD system from a domestic steel manufacturer, to be executed over 12 months.
• MADRAS FERTILIZERS:
Plant shutdown due to equipment breakdown; production of ammonia & urea halted, expected to resume around June 23, 2026 after repairs and maintenance.
• SUDARSHAN CHEMICAL INDUSTRIES:
Company inaugurates second global head office in Frankfurt, underscoring the company's growth ambitions and long-term commitment to Germany.
• ADANI ENTERPRISES:
Adani Enterprises and Jabil target a strategic alliance to build AI Data Center Infrastructure Platform in India.
• JEENA SIKHO LIFECARE:
Executed MoU and Research Facility Usage Agreement for research institute and research facility at Chandigarh, focusing on research and knowledge development in the fields of Ayurveda.
• VISHAL MEGHA MART:
Appointment of Mr. Sashi Gumma as Chief of Operations and Senior Management Personnel of the company.
• RAILTEL:
he company received work order worth Rs. 15.77 crore from Munitions India
• VIKRAN ENGINEERING:
India Ratings assigned IND BBB+/Stable rating to proposed Rs. 500 million NCDs.
Economic News
• WPI inflation jumps to 9.68% in May, driven by soaring fuel and power prices: India’s wholesale inflation (WPI) surged to 9.68% in May 2026 from 8.26% in April, primarily driven by a sharp rise in fuel and power prices, which recorded inflation of 30.33%. Crude oil and natural gas prices jumped significantly due to geopolitical tensions in West Asia, pushing up costs across the economy. Manufactured products inflation stood at 7.48%, with chemicals, metals, and electrical equipment witnessing the highest price pressures, while primary articles inflation was 4.99% and food inflation 4.49%. The data was released under the revised 2022-23 WPI base year, which expands the coverage of products and increases the weight of fuel and power in the index.
Global News
• US-Iran Peace Deal Signals Strait of Hormuz Reopening and Nuclear Accord Breakthrough: US President Donald Trump announced that the US and Iran have signed a preliminary agreement to end the conflict, with the Strait of Hormuz partially reopened and expected to be fully operational by Friday when the deal is formally signed in Geneva. Trump said Iran has agreed not to pursue nuclear weapons, while the agreement also extends the ceasefire by 60 days to facilitate technical negotiations on Iran’s nuclear programme and sanctions relief. The memorandum, brokered by Pakistan, aims to restore regional stability and end military operations across multiple fronts, with further details of the pact expected to be released soon.
Government Security Market:
* The Inter-bank call money rate traded in the range of 4.20%- 5.40% on Monday ended at 4.85%.
* The 10 year benchmark (6.94% GS 2036) closed at 6.8704% on Monday Vs 6.8957% on Friday .
Global Debt Market:
U.S. Treasury yields fell on Monday as the announcement of a preliminary peace agreement between Washington and Tehran shifted investor expectations for inflation and the outlook for interest rates. The yield on the 10-year U.S. Treasury note the key benchmark for U.S. government borrowing fell over 3 basis points to 4.447%.The 2- year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, was 4 basis points lower at 4.045%. The longer-dated 30-year Treasury bond yield lost 3 basis points to 4.942%. President Donald Trump said late Sunday on social media that a deal with Iran was “now complete.” Pakistan Prime Minister Shehbaz Sharif said an official signing ceremony would take place on Friday in Switzerland. Trump also said he authorized the reopening of the key Strait of Hormuz passageway, sending oil prices tumbling on Sunday. U.S. crude fell 5% in response. The announcement came after an exchange of fire between Israel and Tehran-backed Hezbollah in Lebanon piled further pressure on the fragile ceasefire between the U.S. and Iran. Investors are watching for economic data on housing and retail sales this week. They will also closely monitor the Federal Reserve policy meeting, which Fed funds futures indicate has a more than 98% chance of ending with rates unchanged, according to CME’s FedWatch tool. “Given the recent uptick in inflation, we think Wednesday’s Federal Reserve meeting itself in terms of any monetary policy changes will be a snoozer,” said Michael Landsberg, chief investment officer at Landsberg Bennett private wealth management.
10 Year Benchmark Technical View :
The 10 year Benchmark (6.94% GS 2036) yield likely to move in the range of 6.8550% to 6.8750% level on Tuesday.
SEBI Registration number is INH000000081.
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