Key Highlights: Stocks in News, Economic & Global Updates 25th September 2026 by GEPL Capital Ltd
Stocks in News
• LCC PROJECT: The company emerged L-1 bidder for Rs 653.34 crore Chhoti Kalisindh irrigation project.
• RBL BANK: UFBU calls a three-day strike from Sept 28–30, with banks taking steps to ensure smooth branch and office operations.
• GENESYS INTERNATIONAL: The company wins Rs 283 Cr Ahmedabad Municipal Corporation order to develop a GIS-based 3D digital map platform for Ahmedabad.
• RAJESH POWER: Shareholders approve reallocating Rs 25.11 Cr of unutilized Rs IPO proceeds to BESS facility setup, replacing planned spending on cable testing, solar plant and green hydrogen.
• DR LAL PATHLABS: The company will acquires 70% stake in SN Genelab for 168 Cr.
• JSW CEMENT: The company received GST show-cause notice for Rs 229.85 crore demand, plus interest and 10% penalty for FY22-FY24
• RR KABEL: The board approves Rs 77 Cr acquisition of U M Cables’ optical fibre cable business via slump sale, marking entry into the OFC segment with closure expected within 60 days.
• AVENUE SUPERMART: The company Opens a new store in Ahmedabad, taking the total store count to 515.
• SAIL: The company aims to meet its 35 million tonne capacity target by FY31 with increased share of value-added and special steels, and deeper integration with retail and MSME ecosystems, the company's Chairman and Managing Director A K Panda said on Thursday.
• WAAREE ENERGIES: Waaree Clean Energy Solutions enters the specialty gases market, targeting semiconductor and solar cell manufacturers as a onestop supplier.
Economic News
• Credit card spending falls 2.8% in August as new card additions slow: In August, credit card spending decreased by 2.8% to Rs 2.02 lakh crore from July's Rs 2.08 lakh crore. While year-on-year spending saw an increase of 5.9% compared to August 2025, the trend indicates moderation. Additionally, banks added 1.19 million new credit cards, down 5.6% from July's figures. This brings the total credit card tally to 124.1 million at the month's end.
Global News
• US bond yields hit multi-decade highs as inflation, oil prices and rising rate expectations fuel a global bond selloff: US Treasury yields extended their global rise to multi-decade highs, with the 30-year yield climbing to 5.48%, its highest since 2004, and the benchmark 10-year yield reaching 5.20%, as resilient US economic growth, elevated oil prices, expectations of further Fed rate hikes and rising government spending continued to fuel inflation concerns; the 10-year yield has risen 1.25 percentage points since early March, while Germany’s 10-year Bund yield moved above 3.6% and Japan’s 10-year yield reached its highest since 1996, highlighting broad-based pressure across global bond markets. Higher yields are increasing borrowing costs, with US 30-year mortgage rates around 7%, and investors are increasingly watching the 6% level on the 10-year Treasury as a potential threshold that could put greater pressure on consumers, corporates and financial markets.
Government Security Market:
* The Inter-bank call money rate traded in the range of 4.30% - 5.22% on Thursday ended at 4.90%.
* The 10 year benchmark (6.94% GS 2036) closed at 7.1067% on Thursday Vs 7.0447% on Wednesday.
Global Debt Market:
US Treasury yields were trading at multi-decade highs early Thursday morning, as investor bets on another rate hike from the Federal Reserve mounted. The benchmark 10- year Treasury note yield, which is tied to rates on mortgages, surged to 5.139% its highest level since July 2007. The yield on the 2-year note climbed to 4.897% for its highest since 2023, while the 30-year Treasury yield was up more than 3 basis points to reach a post-2004 peak of 5.438%. It comes amid a global government bond selloff, with Japan’s 10-year JGB yield rising 8 basis points to 3.055%, the highest since August 1996. U.K. Gilts and German Bunds also moved higher, with yields on various European bonds hitting fresh multi-year highs. Several factors drove the Treasury selloff, including stronger-than-expected U.S. economic activity, hawkish commentary from a Federal Reserve official, and high oil prices. S&P Global’s purchasing managers’ index, released on Wednesday, showed that services PMI rose to 58.7 in September, the highest level in almost five years. Its manufacturing counterpart was up to 56.7, a level not seen in over four years. The data drove expectations of more rate hikes, with traders last pricing in a more-than-75 % chance that the Federal Open Market Committee will increase rates again at its October meeting, per the CME Group’s FedWatch tool. That compares to a roughly 49% probability just a week ago. Michael Barr, a member of the Fed’s Board of Governors, said in a speech on Wednesday that “further policy adjustments” are likely to come to bring inflation down to target. Speaking in London on Thursday, New York Federal Reserve President John Williams said it would be “reasonable” to expect another Fed interest rate hike by the end of the year. “
10 Year Benchmark Technical View :
The 10 year Benchmark (6.94% GS 2036) yield likely to move in the range of 7.09% to 7.11% level on Friday.
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