Key Highlights: Stocks in News, Economic & Global Updates 21st October 2026 by GEPL Capital Ltd
Stocks in News
• TRANSRAIL LIGHTING: The company approves acquisition of 49% stake in Pace Green Energy for Rs 20 crore; to invest in a 990 MW solar portfolio in Maharashtra.
• GLOBUS SPIRITS: Maize ethanol price cut by Rs 3/litre; analysts see a likely 10-11% impact on Ebitda and a 20-22% impact on profit after tax.
• NUVAMA WEALTH MANAGMNET: The company arm Nuvama Asset Management receives SEBI approval to launch a Specialised Investment Fund (SIF) under the Nuvama SIF brand.
• GABRIEL INDIA: The company forms JV with Faurecia Automotive; acquires 50% minus one share in the JV, which will begin with an investment of Rs 20 crore.
• RAIL TEL: The company wins a Rs 47 crore order from Haryana State Electronics Development Corporation.
• CEIGALL INDIA: The company arm Jam Khambhaliya Jamnagar Power Transmission signs transmission service agreement with Central Transmission Utility of India.
• SUNPHARMA: UNLOXCYT receives a National Comprehensive Cancer Network (NCCN) Category 2A preferred recommendation for advanced skin cancer patients who are not eligible for surgery or radiation.
• QUALITY POWER ELECTRICAL EQUIPMENTS: The company Commences manufacturing operations at its new Global Coil Factory at Kupwad MIDC, Sangli, Maharashtra.
• VINTAGE COFFEE: The Board approves raising Rs 325 crore through equity and/or debt.
• VENUS PIPES: The company has commences pipe spooling operations ahead of schedule.
Economic News
• India’s drought-hit maize crunch pits poultry, ethanol makers in ‘me first’ fight: Drought conditions have caused a significant decrease in maize supply, leading to competition among industries for access. Poultry producers, starch manufacturers, and ethanol plants are all vying for limited maize resources, exacerbating the situation. As maize prices continue to rise, the poultry industry has expressed concerns about potential feed shortages. Industry bodies have urged the government to prioritize maize for food production over fuel use.
Global News
• Dollar remains under pressure as easing oil prices and Treasury yields weigh on the greenback, while investors track Middle East tensions and central bank rate decisions: The US dollar remained under pressure, with the dollar index steady at 101.78 after falling to a three-week low, as easing Treasury yields and crude oil prices weighed on demand. The Australian dollar hovered near a three-week high at $0.7013 amid concerns over persistent inflation and the possibility of further rate hikes by the Reserve Bank of Australia. Meanwhile, the yen traded at 158.33 per dollar and the euro at $1.1229, with concerns over France’s fiscal outlook and political unrest limiting the euro’s gains. Investors continued to monitor Middle East tensions, technology earnings and upcoming central bank policy decisions, with the Fed, ECB and Bank of Japan expected to hold rates steady, while markets anticipated 25- basis-point hikes from the Reserve Bank of New Zealand and Bank of Canada.
Government Security Market:
* The Inter-bank call money rate traded in the range of 4.85% - 5.75% on Monday ended at 5.20% .
* The 10 year benchmark (6.94% GS 2036) closed at 7.3920% on Monday Vs 7.3789% on Friday .
Global Debt Market:
US Treasury yields moved lower on Monday as investors continue to weigh the domestic inflation and interest rate backdrop against broader geopolitical developments. Yields on 10-year U.S. Treasury s the main benchmark for mortgages, auto loans and credit card debt fell more than 2 basis points to 5.0729%. The yield on longer-dated 30-year U.S. Treasury’ s which often moves on geopolitical developments was also 2 basis points lower at 5.4122%. The yield on the 2-year Treasury note, which more closely follows short-term Federal Reserve rate decisions, was broadly flat at 4.7273%. The moves lower come despite inflation concerns continuing to loom over the U.S. economy. Last week’s strong inflation data from the Bureau of Labor Statistics saw wholesale prices rise 6.3% annually last month the biggest jump since 2022 with consumer costs up 3.7% annually in September, beating estimates. Meanwhile, energy prices fell Monday as investors continued to weigh the possibility of more Russian crude supply coming onto the market. U.S. West Texas Intermediate futures for November delivery were down 2.05% at $99.33 per barrel. Brent crude, the global oil price benchmark, dropped 2.65% to $106.99. With the Federal Reserve’s next interest rate decision due Oct. 28, traders are now pricing in an above-85% probability that the rate-setting Federal Open Market Committee will leave borrowing costs unchanged, according to the CME FedWatch tool. Key domestic data releases scheduled for this week include September’s housing starts and new building permits data, both due Tuesday from the U.S. Census Bureau.
10 Year Benchmark Technical View :
The 10 year Benchmark (6.94% GS 2036) yield likely to move in the range of 7.38% to 7.40% level on Wednesday.
SEBI Registration number is INH000000081.
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