Key Highlights: Stocks in News, Economic & Global Updates 21st August 2026 by GEPL Capital Ltd
Stocks in News
• ELGI EQUIPMENTS: The company launched VAYU, a new Made-in-India air compressor brand with a 5–45 kW portfolio, targeting growing manufacturers in India. Signed agreements to buy 18.01% in Constronics Energy Solution for Rs 1.62 crore on August 20, 2026.
• SHAKTI PUMP: Invested Rs 5 Cr in its WOS Shakti EV Mobility, taking cumulative investment to Rs 75 Cr; the subsidiary manufactures EV motors and chargers.
• VEDANTA ALUMINIUM: The company launched two advanced automotive alloys Copper-Doped Alloy and Vedanta Foundry Alloy (VFA) under its PFA range.
• KIMS: The company entered a 5-year O&M agreement for 250-bed Arete Hospital, Hyderabad, with a 9% revenue fee and a call option to acquire the business.
• CHOICE INTERNATIONAL: The company completes acquisition of Choice Proptech Solutions for Rs 6.22 crore; entity becomes direct wholly owned subsidiary.
• DIAMOND POWER: The company Copper wire drawing and cable line commissioned; 1,500 MT/month commercial production begins Aug. 20, 2026.
• TATA STEEL: The company completes acquisition of 23% stake in TM International Logistics from IQ for Rs 335 crore; stake rises to 74%, making TMILL a subsidiary.
• DMART: The company allotted Rs 200 crore commercial paper on 20 August 2026, maturing 18 November 2026 at 6.50%. Opened new store in Navsari, Amravati, Maharashtra; total stores now 507.
• LEMON TREE HOTEL: The company opened its Hotel in Bharuch with 85 rooms, taking its Gujarat portfolio to 12 operational hotels, with 20 more in the pipeline.
• RAIL TEL: The company secured a Rs 164.79 Cr order from Western Coalfields to establish an MPLS VPN network on a 60-month rental basis.
Economic News
• July core growth down to 5.4% as iron ore, power lose steam: India’s core sector growth slowed to 5.4% in July from 6% in June, with weaker iron ore, steel and electricity output and contractions in fertiliser and crude oil. Cement and coal production strengthened. Despite the monthly slowdown, April-July growth rose to 4.3% from 1.5% a year earlier. Economists expect core and industrial output growth to moderate further due to base effects.
Global News
• Oil prices eye second weekly gain as U.S.-Iran tensions keep Middle East supply risks elevated: Oil prices remained largely unchanged on Friday but were on track for a second consecutive weekly gain, with Brent at $93.82/bbl and WTI at $86.78/bbl, as the prolonged U.S.-Iran conflict continued to disrupt Middle East supply. Brent has gained over 7% and WTI more than 8% this week, reaching their highest levels since July 24, amid concerns over prolonged supply disruptions from major producers including Saudi Arabia, Iraq, the UAE and Kuwait. Stalled peace efforts, escalating tensions and reduced shipping through the Strait of Hormuz where only nine vessels transited on Wednesday versus pre-war levels have further tightened supply and supported crude prices, keeping the near-term outlook volatile.
Government Security Market:
* The Inter-bank call money rate traded in the range of 4.60%- 5.20% on Thursday ended at 4.85%.
* The 10 year benchmark (6.94% GS 2036) closed at 6.8709% on Thursday Vs at 6.8170% on Wednesday .
Global Debt Market:
US Treasury yields pulled back slightly on Wednesday from multi-decade highs seen on the previous day, as a sell-off at the long end of the curve eased investor jitters. The yield on the 10-year U.S. Treasury note the key benchmark for U.S. government borrowing fell 2 basis points to 4.686%. The 2-year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, fell over 2 basis points to 4.154%. The longer-dated 30-year Treasury bond yield fell over 1 basis point to 5.272%, after notching a new 19-year high on Tuesday at over 5.33%. The moves were part of a wider sell-off in long-dated global bonds on Tuesday. Japan’s 10-year bond yield reached its highest level in three decades. German 30-year bund yields hit their highest point since 2011, while rates on France’s 30-year bond reached the highest going back to 2008. The U.S. fiscal deficit jumped to $432.3 billion in July, its highest monthly total since March 2021, pushing the year-to-date shortfall to nearly $1.8 trillion. Interest paid to finance the nearly $40 trillion national debt has cost the Federal government about $1.2 trillion this year. Meanwhile, negotiations between Washington and Tehran to end the war have stalled, with little sign that talks will resume. “Investors are watching the unfolding situation in the Middle East and factoring in the potential of an inflation spike that runs hotter and lasts longer than had previously been hoped,” wrote AJ Bell’s head of financial analysis Danni Hewson on Tuesday. Elsewhere on Wednesday, the latest Federal Open Market Committee meeting minutes are set for release in the afternoon. Investors will likely take a keen eye to the minutes, given the sharp divisions within the central bank. At the July meeting, there were three dissenters voting to hike rates, a division that investors will seek greater detail on.
10 Year Benchmark Technical View :
The 10 year Benchmark (6.94% GS 2036) yield likely to move in the range of 6.86% to 6.88% level on Friday
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