Key Highlights: Stocks in News, Economic & Global Updates 18th June 2026 by GEPL Capital Ltd
Stocks in News
• RAILTEL CORPORATION OF INDIA:
The company has received the Letter of Intent from Director IT; the estimated size of the order as per the LoI is Rs. 52.56 crore.
• LUPIN:
Announced the launch of Azilsartan Medoxomil Tablets, 40 mg and 80 mg, in the United States following approval from the U.S. FDA for its Abbreviated New Drug Application.
• NIBE:
Showcases Garudastra (Long Range 120 mm Vehicle Mounted Mortar & Bomb System) and its precision strike capability using GPS and laser guidance to the Indian Army under NC-NC demonstration.
• WAAREE RENEWABLE TECHNOLOGIES:
Received an additional commercial order for an existing solar project, increasing the contract value by Rs. 31 crore to Rs. 1,045 crore, with no change in terms.
• HFCL:
Awarded a contract worth Rs. 2,666.09 crore by Rail Vikas Nigam, pertaining to the BharatNet Phase-III project in the Uttar Pradesh telecom circle.
• RAIL VIKAS NIGAM:
Received Letter of Acceptance (LoA) from East Coast Railway for construction of an important bridge, with an order size of Rs. 967.92 crore.
• ENDURANCE TECHNOLOGIES:
The company has approved Rs. 47.30 crore capital expenditure for setting up a greenfield manufacturing plant at Pune, Maharashtra, with capacity expandable to 35,000 lithium battery packs per month.
• LEMON TREE HOTELS:
Announces the opening of Lemon Tree Hotel, Sri Ganganagar. This opening marks the brand's entry into Sri Ganganagar and adds to its growing network of 23 hotels across Rajasthan.
• APOLLO MICRO SYSTEM:
Allotment of 3.80 crore warrants, each convertible into one equity share of face value of Rs. 1 each on a preferential basis.
Economic News
• US-Iran Peace Deal and India-UK FTA Signal a Major Boost to Global Stability and Trade: The proposed US–Iran peace agreement, expected to be signed on Friday, aims to ease tensions in West Asia, reopen the Strait of Hormuz, and secure global energy supply routes. During discussions with PM Narendra Modi at the G7 Summit, President Trump highlighted strengthening India–US strategic and economic ties, praised Modi’s leadership, and reaffirmed support for India. Separately, the India–UK Free Trade Agreement (CETA) is set to benefit over 75,000 Indian professionals and 900 companies through lower tariffs, improved market access, social security relief, and enhanced trade opportunities, while boosting bilateral trade, investment, and exports across sectors such as automobiles, textiles, engineering goods, and food processing.
Global News
• US pending home sales increase to a six-month high in May: U.S. pending home sales rose 3.8% MoM in May to 76.8, the highest level since November and well above market expectations of 0.8%, driven by broad-based gains across all regions, particularly the Northeast and Midwest. Contract signings also increased 4.8% YoY, indicating improving buyer activity despite elevated mortgage rates and limited housing inventory. While higher borrowing costs, fueled by rising oil prices and Treasury yields during the U.S.-Iran conflict, remained a headwind, optimism around the recently agreed ceasefire and reopening of the Strait of Hormuz, along with improving supply conditions, supported housing demand.
Global Debt Market:
U.S. Treasury yields inched higher on Wednesday as investors await the outcome of Kevin Warsh’s first Fed policy meeting. The yield on the 10-year U.S. Treasury note the key benchmark for U.S. government borrowing rose over 1 basis point to 4.439%.The 2-year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, was little changed at 4.056%. The longer-dated 30-year Treasury bond yield rose over 1 basis point to 4.940%. Wednesday’s Federal Open Market Committee meeting marks the first under Kevin Warsh at the helm. Investors are largely expecting that the Fed will keep interest rates unchanged at a target range of 3.5% to 3.75%. However, most Wall Street Fed watchers anticipate that Warsh won’t submit a “dot” to the FOMC’s quarterly update of where individual officers expect rates to head from here.“ Whilst the statement should turn more hawkish, Warsh may want to communicate his more dovish view, though probably not explicitly,” wrote ING’s senior European rates strategist Michiel Tukker in a note this morning. “He could, for example, reiterate his conviction about AI-related productivity growth, which would justify lower policy rates further in the future.” “Wednesday’s FOMC meeting is arguably the most important one in recent memory, since investors will now have to get used to the new Fed Chair’s communication style, which is an adjustment period for markets,” said James Demmert, chief investment officer at Main Street Research.
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 Thursday.
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