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Stocks in News

• eMUDHRA: The company to withdraw from global SSL/TLS certificate business after security key compromise incident; says no data breach occurred and core operations remain unaffected.

• PETRTONE LNG: The company To form JV with Gruner Renewable for CBG plants across India; plans to set up 10 CBG plants of 18 MT each with investment of Rs 1,200 cr.

• JINDAL STAINLESS: The company board approves amalgamation of Chromeni Steels, Rabirun Vinimay, JSL Super and Jindal United into the company.

• BHARAT ELECTRONIC: The company receives orders worth Rs 1,011 crore since its Oct. 13 disclosure.

• NLC INDIA: The company signs MoU with IPICOL for coal gasification project, beach sand mineral processing unit and 3,200 MW ultra super-critical thermal power plant in Odisha. To set up beach sand mineral processing unit in Odisha with investment of Rs 2,000 crore.

• SAATVIK GREEN ENERGY: The company launches TOPCon 3.0 dual-glass bifacial solar module; module delivers output of up to 745W.

• ALLIED BLENDERS & DISTILLERS: DRI visits Mumbai office and Sambhajinagar manufacturing unit; says no impact on operations or financials. Commences operations at malt distillery in Telangana; unit has capacity of over 4.4 million barrels per annum

• NRB BEARING: The company approves sale of 1.27% stake in Amplus Ampere to Apcotex Industries for Rs 72 lakh and 1.30% stake to Deepak Novochem Technologies for Rs 73.6 lakh.

• HFCL: The company incorporates wholly-owned subsidiary HFCL Connectivity Systems.

• TATA COMMUNICATIONS: The Spanish National Court rules in favour of its Spain arm, annulling a €33.6 million demand and penalty.

Economic News

• Chana sowing holds key to pulses inflation: Chana, India's most consumed pulse, which is central to making everything from salty snacks to nutritious meals, needs adequate soil moisture and cool weather for a good crop. Sowing has started in some regions, but the progress is slow. State advisories to conserve water and shift to less water-intensive crops have added to concerns over winter sowing.

Global News

• apan’s core inflation hit 2.1% in September, strengthening expectations of a BOJ rate hike in December amid rising energy costs and broadening price pressures: Japan’s core inflation rose to a nine-month high of 2.1% in September from 1.7% in August, exceeding the Bank of Japan’s (BOJ) 2% target for the first time in nine months, driven by higher energy costs, a weak yen, elevated import prices and strong AI demand. Underlying inflation excluding fresh food and fuel accelerated to 2.4%, while goods and services inflation also strengthened, indicating broader price pressures. Although the BOJ is expected to keep rates unchanged at its October 30 meeting after raising them to 1.25% last month, persistent inflation and resilient loan demand could prompt further monetary tightening, with markets expecting a rate hike to 1.50% in December and a potential terminal rate of 1.75 to 2.0%.

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.85% - 5.85% on Thursday ended at 5.70% .

* The 10 year benchmark (6.94% GS 2036) closed at 7.4596% on Thursday Vs 7.4427% on Wednesday .

Global Debt Market:

US Treasury yields moved lower on Thursday as investors monitored developments in the Middle East and awaited more domestic economic data due later in the session. Yields on 10-year U.S. Treasury’s the main benchmark for mortgages, auto loans and credit card debt were more than 7 basis points lower at 5.0732%. The yield on the 2-year Treasury note, which more closely follows short-term Federal Reserve rate decisions, was more than 5 basis points lower at 4.7654%. The yield on longer-dated 30-year U.S. Treasury’s which often moves on geopolitical developments fell 6 basis points to 5.3751%. The slide in borrowing costs comes as investors look ahead to initial jobless claims data, due later from the Labor Department, amid a broader risk-off sentiment in stock markets and rising Middle East tensions. Economists polled by Dow Jones are expecting the number of people claiming unemployment benefits to come in at 200,000 in the week ended Oct. 17. Oil prices moved sharply higher on Thursday, with West Texas Intermediate futures edging closer to $100 a barrel in early trade, rising 2.81% at $99.96. Brent crude, the global price benchmark, increased 3.33% to $112.44. The moves followed a New York Times report, citing unnamed U.S. officials, that the U.S. and Israel are considering resuming strikes on Iran in a “short but intensive” operation following next month’s midterms elections.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.94% GS 2036) yield likely to move in the range of 7.44% to 7.4625% level on Friday

SEBI Registration number is INH000000081.

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