Key Highlights: Stocks in News, Economic & Global Updates 16th October 2026 by GEPL Capital Ltd
Stocks in News
• RVNL: The company signs pact with Damodar Valley Corporation to develop railway infrastructure and connectivity to DVC power plants.
• PFC: The company Incorporates Kadapa II REZ Transmission as an arm of PFC Consulting. Receives RBI no-objection certificate for the merger of REC with PFC.
• NTPC: The company signs pact with Africa50 to develop power projects in Africa.
• AEGIS LOGISTICS: The company commissions specialised LPG bottling plant at Jawaharlal Nehru Port Authority, with a capacity of 35,000 MT per annum.
• PREMIER ENERGIES: The company executes shareholder pact for battery joint venture covering a 12 GWh BESS project.
• JINDAL STEEL: The company arm Jindal Paradip Port commences operations of Phase I capacity of 12.5 MTPA.
• SOLAR INDUSTRIIES: The company Enters pact to acquire Sivasakthi for Rs 115 crore.
• IRCTC: The company signs MoU with Quality Council of India covering food safety and hygiene audits.
• SUBROS: The company establishes Subros Advanced Tech Innovation Centre in Noida.
• AKMUS DRUGS: The company receives Rs 53 crore demand notice from the Pharma Department.
• MARUTI SUZUKI: The company receives income tax appellate order covering eight years. Order cuts the interest component by Rs 6,300 crore.
• MILKY MIST: The company expands high-protein portfolio with lactose-free milk.
Economic News
• India's September goods exports rise 23% as imports hit six-month low, narrowing trade deficit: India's goods exports surged by 23% in September, totaling $44.4 billion, supported by significant gains in electronics, petroleum, and engineering goods. At the same time, imports rose by only 8%, leading to a reduced trade deficit of $30.21 billion. This export growth reflects a sustained positive trend in the second quarter of the current fiscal year. Notably, gold imports fell sharply by 81.27%, impacting overall import figures.
Global News
• Oil slips on supply measures, but Middle East tensions keep crude above $100/barrel: Oil prices edged lower on Friday, with Brent crude falling 0.39% to $105.51 per barrel and WTI declining 0.55% to $97.43, as investors weighed Middle East supply risks against potential US measures to ease sanctions on shadow fleet tankers and the International Energy Agency’s plan to release over 20 million barrels of diesel and remaining emergency oil reserves. However, a sharp drawdown in US crude inventories supported WTI prices in the previous session, while escalating Saudi Arabia–Houthi hostilities and renewed attacks on shipping near the Strait of Hormuz continued to fuel supply concerns. Investors remain cautious, as easing geopolitical tensions would likely have a greater impact on cooling oil prices than additional supply measures.
Government Security Market:
* The Inter-bank call money rate traded in the range of 4.85% - 5.90% on Thursday ended at 4.85% .
* The 10 year benchmark (6.94% GS 2036) closed at 7.3921% on Thursday Vs 7.3999% on Wednesday.
Global Debt Market:
U.S. Treasury yields declined on Thursday as investors awaited more economic data, after September’s consumer price inflation reading came in stronger than expected in the previous session. Investors are digesting the CPI print for September, released on Wednesday, which came in hotter than forecast. The consumer price index, a measure of goods and services costs across the U.S. economy, rose 0.6% monthly and 3.7% on an annual basis, per the Bureau of Labor Statistics. Economists surveyed by Dow Jones expected gains of 0.6% and 3.6%, respectively. Core inflation, which excludes volatile food and energy prices, rose 0.3% monthly and 2.6% annually, compared with estimates of 0.2% and 2.5%. The print was already expected to be strong due to soaring energy prices, with gasoline costs up 9.1% and accounting for half of the gain in headline CPI. The energy index also jumped 5.2%. Investors will now await the producer price index, retail sales data for September and weekly initial jobless claims figures, all due later in the session. The data comes just two weeks before the central bank’s next interest rate decision, and, according to Deutsche Bank analysts, speculation of a rate hike rose after its release.
10 Year Benchmark Technical View :
The 10 year Benchmark (6.94% GS 2036) yield likely to move in the range of 7.36% to 7.3975% level on Friday.
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