Key Highlights: Stocks in News, Economic & Global Updates 17th July 2026 by GEPL Capital Ltd
Stocks in News
• TIME TECHNOPLAST: The company confirmed Type IV composite LPG cylinders supplied to HPCL for its Instamart pilot.
• HCL TECH: The company signed a seven-year Guardian partnership and acquired Guardian India for $10.5 million; 2,000 employees to join.
• SANSERA ENGINEERING: Settled the Metaldyne lawsuit for $2 million, payable by July 30, 2026; insurance may mitigate the exposure.
• PRESTIGE ESTATES: Q1FY27 pre-sales rose to Rs. 6,579.3 crore. Launched four projects and completed three. Issued a Rs. 370 crore guarantee to secure a loan availed by subsidiary Prestige Alta Vista Properties.
• SERVOTECH RENEWABLE: Won a UPSRLM order for a 900 kW solar rooftop project across 12 locations, to be executed within six months.
• CLEAN SCIENCE & TECH: Clean-Fino Chem signed a long-term HALS collaboration with Geneus Chem AG.
• COAL INDIA: The company commissioned 200 MW of the 300 MW solar power project at Khavda, Gujarat.
• GLAND PHARMA: The company Customs authority confirmed an IGST demand of Rs. 3.53 crore, along with interest and an equivalent penalty for FY21 -FY22.
• ADANI PORTS: ICRA reaffirmed A1+ rating on commercial paper and AAA/ Stable rating on bank facilities of Rs. 10,020 crore and non-convertible debentures of Rs. 17,000 crore.
• PREMIER ENERGIES: The company incorporated wholly-owned subsidiary Premier Battery Technologies.
• TECH MAHINDRA: Extended the acquisition completion deadline for Midad's 20% stake in Tech Mahindra Arabia to August 31, 2026.
• PHYSICSWALLAH: The company approved the acquisition of an additional 11% stake in Sarrthi IAS for Rs. 71.81 crore, increasing its shareholding from 40% to 51%.
Economic News
• India-UK FTA unlikely to hurt domestic consumer brands, industry says: Domestic companies expect the India-UK trade pact to spur innovation and not create serious competition. The agreement reduces tariffs on many products, making British goods more affordable for consumers. Companies like Amul see advantages in local sourcing, mitigating import competition concerns. Retailers believe the pact will encourage quality enhancement and premiumisation among Indian manufacturers. The trade deal's impact on prices is expected to be gradual and measured over time.
Global News
• Crude Extends Weekly Rally on Middle East Escalation: Oil prices climbed over 1% on Friday, extending weekly gains to nearly 12%, as escalating military strikes between the U.S. and Iran raised concerns over disruptions to key global oil shipping routes. Brent crude traded near $85/bbl and WTI around $80/bbl, supported by fears that reduced flows through the Strait of Hormuz and a potential Houthi-led disruption of the Red Sea route could tighten global crude supplies. The rally was further reinforced after the International Energy Agency (IEA) warned that prolonged tensions could pose significant risks to global energy security.
Government Security Market:
* The Inter-bank call money rate traded in the range of 4.60%- 5.50% on Thursday ended at 4.95%.
* The 10 year benchmark (6.94% GS 2036) closed at 6.7478% on Thursday Vs at 6.7738% on Wednesday .
Global Debt Market:
U.S. Treasury yields edged higher on Thursday as Wall Street awaits key data due later in the session. The yield on the 10-year U.S. Treasury note the key benchmark for U.S. government borrowing rose over 3 basis points to 4.577%. The 2-year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, rose over 3 basis points to 4.162%. The longer-dated 30-year Treasury bond yield also added 2 basis points to 5.11%. Investors will be monitoring retail sales data and jobless claims at 8:30 a.m. ET for further signs on the health of the U.S. economy. Bond markets were given a disinflationary boost on Wednesday after the produce price index dropped 0.3% in June, a softer reading than anticipated. Economists polled by Dow Jones expected the measure to be unchanged on the month. Yields fell a handful of basis points across the board upon the news. As with consumer prices, the index benefited from easing energy costs, particularly as oil fell due to the brief pause in tensions between the U.S. and Iran. Goods prices posted a 1.4% monthly decline, the biggest drop since July 2022 as energy slumped 6.4% and final demand food prices were off 0.6%. “The Fed’s war with inflation isn’t over by any means, as Fed Chair Warsh made plain in yesterday’s testimony, but there is good news from the front and the odds of Fed rate hikes should continue to recede as inflation at the factory level is trending lower, and producers will not be passing on their higher costs to the consumer level as much as we previously thought,” said Chris Rupkey, chief economist at FWDBONDS.
10 Year Benchmark Technical View :
The 10 year Benchmark (6.94% GS 2036) yield likely to move in the range of 6.7350% to 6.7525% level on Friday
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