Key Highlights: Stocks in News, Economic & Global Updates 22nd Stocks in NewsOctober 2026 by GEPL Capital Ltd
Stocks in News
• HCLTECH: The company Launches NVIDIA-powered verification and validation (V&V) offering for automotive manufacturers.
• SEAMEC: The company signs vessel charter hire contract with HAL Offshore for vessel SEAMEC ANANT, valued at $55 million.
• POWERICA: The company receives letter of intent from Gujarat Urja Vikas Nigam for a 50 MW wind power project in Gujarat.
• BHARAT ELECTRONIC: The company receives orders worth Rs 1,011 crore since its Oct. 13 disclosure.
• ZYDUS LIFESCIENCES: Zylidac Bio partners with Prolific Machines to scale its biologics manufacturing platform to GMP production
• NHPC: The company commissions Unit 5 of the 2,000 MW Subansiri project, taking operational capacity to 1,250 MW.
• SUNPHARMA: The company approves forensic audit in alleged fund misappropriation case; launches probe into suspected employee fraud.
• OMNITECH ENGINEERING: The company expands into the data centre infrastructure value chain; starts receiving orders for manufacturing and supplying precision-engineered components.
• SAGILITY: The company arm Sagility (US) Holdings signs definitive agreement with Chirok Health LLC, with aggregate purchase consideration of up to $32.35 million.
• TATA COMMUNICATIONS: The Spanish National Court rules in favour of its Spain arm, annulling a €33.6 million demand and penalty.
• PEARL GLOBAL INDUSTRIES: The company Step-down arm incorporates subsidiary Great Pearl Vietnam Global.
• L&T FINANCE: The company Allots 1.5 lakh NCDs worth Rs 1,500 crore on a private placement basis.
Economic News
• Core output grows at series high of 7.9% in Sept: India's core sector output growth for September recorded a remarkable 7.9%, driven largely by expansion in coal and electricity. Notably, refinery products and iron ore also contributed to this growth, supported by a favorable base effect. Coal production saw a sharp rebound with a growth rate of 10.7% following previous negative trends. Electricity generation growth declined slightly, impacted by heatwave conditions in the country.
Global News
• Oil prices rise on escalating Middle East tensions and growing fears of supply disruptions: Oil prices rose on Thursday amid escalating Middle East tensions after Iran-aligned Houthi attacks targeted Saudi Arabia, including a civilian airport and an oil field, prompting the US to order some diplomats’ family members to leave the Kingdom. Brent crude futures climbed 1.2% to $110.11 per barrel, while WTI rose 1% to $98.12, as repeated attacks on shipping and tankers across the Gulf of Oman raised concerns over crude supply disruptions and regional oil loadings. Meanwhile, US crude inventories fell by 3.06 million barrels to 412.5 million barrels, exceeding expectations for an 820,000-barrel decline, while distillate stocks unexpectedly increased by 1.68 million barrels. To ease diesel shortages and contain rising heating oil prices amid the Iran and Ukraine conflicts, the US administration also offered to loan nearly one-third of its emergency heating oil reserve.
Government Security Market:
* The Inter-bank call money rate traded in the range of 4.85% - 5.90% on Wednesday ended at 5.20% .
* The 10 year benchmark (6.94% GS 2036) closed at 7.4427% on Wednesday Vs 7.3920% on Monday .
Global Debt Market:
US Treasury yields steadied early on Wednesday as investors awaited fresh data for insights into the U.S. economic picture ahead of next week’s Federal Reserve interest rate decision. Yields on 10-year U.S. Treasury’s the main benchmark for mortgages, auto loans and credit card debt were unchanged at 5.1211%. The yield on the 2-year Treasury note, which more closely follows short-term Federal Reserve rate decisions, was holding firm at 4.7889%. The yield on longer-dated 30-year U.S. Treasury’s which often moves on geopolitical developments also held steady at 5.4320%. With the Federal Reserve’s next interest rate meeting scheduled for Oct. 28, traders are weighing up how domestic economic data and global geopolitical developments are shaping the outlook for inflation and interest rates. Energy prices ticked higher Wednesday, with U.S. West Texas Intermediate futures up 0.86% at $98.66 per barrel, as fresh missile strikes on tankers in the Strait of Hormuz and Saudi energy facilities sparked renewed concerns over oil supplies. The latest weekly average 30-year fixed mortgage rate is due out later from the Mortgage Bankers Association. Previously, the fixed-rate loan average moved 1 basis point higher to 7.5% in the week ended Oct. 9. That’s followed Thursday by the Labor Department’s initial jobless claims data for the week ending Oct. 17. The number of people claiming unemployment benefits rose slightly by 1,000 to 199,000 in the week ending Oct. 10.
10 Year Benchmark Technical View :
The 10 year Benchmark (6.94% GS 2036) yield likely to move in the range of 7.43% to 7.45% level on Thursday.
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