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Government Security Market:

* The Inter-bank call money rate traded in the range of 5.35%- 4.60% on Thursday ended at 5.20%.

* The 10 year benchmark (6.94% GS 2036) closed at 6.8413% on Thursday Vs at 6.8012% on Wednesday .

Global Debt Market:

U.S. Treasury yields advanced on Wednesday, following oil prices higher, as traders await jobless claims data due later in the session. The yield on the 10- year U.S. Treasury note the key benchmark for U.S. government borrowing was up more than 1 basis point to 4.675%. The 2-year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, rose more than 1 basis point to 4.317%. The longer-dated 30-year Treasury bond yield was higher by more than 1 basis point to 5.161%. Oil prices continued to climb on Thursday, with Brent crude futures surpassing $97, following reports of attacks on tankers off the coast of Saudi Arabia and the U.S. renewed threats to escalate strikes against Iran. At 3:45 a.m. ET, Brent crude futures for July delivery gained 3.9% to $97.76 per barrel, marking their highest level since June 3. U.S. West Texas Intermediate crude futures advanced around 3% to $89.50 per barrel. Government bond yields also moved higher across Asia and Europe on Thursday. The yield on the U.K. 10-year government bond rose 4 basis points to above 5% as new prime minister Andy Burnham cut property taxes on hospitality venues, contributing to investor unease. Burnham’s 20% cut on business rates will cost roughly £100 million ($134 million) and aims to protect pubs, clubs and music venues from higher costs.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.94% GS 2036) yield likely to move in the range of 6.82% to 6.85% level on Friday

Stocks in News

• COFORGE: Coforge launched Nuuron AI-OS for enterprises globally, with early adopter FDE programs already underway.

• NTPC GREEN: The company declared 64.76 MW of its 225 MW Khavda Solar PV Project commercially operational, effective July 24, 2026.

• KRSNAA DIAGNOSTICS: Krsnaa Diagnostics signed Himachal Pradesh PPP agreement for CT scans at 34 health institutions, up from 12.

• KRN HEAT EXCHANGE AND REFRIGERATION: The company Wholly owned subsidiary KRN HVAC Products received a domestic order worth Rs 50.87 crore (including Rs 7.76 crore IGST) for supply of heat exchanger coils.

• ACME SOLAR: The company operationalizes 3.62 GWh Battery Energy Storage System projects in Rajasthan.

• HG INFRA: Transferred remaining 51% stake in H.G. Raipur Visakhapatnam OD-5 Private Limited to Neo Infra fund.

• RAIL TEL: The company received North Central Railway order worth Rs 32.75 crore for railway signalling works; execution by Jan. 2028.

• AUROBINDO PHARMA: Wholly owned subsidiary Apitoria Pharma to acquire 80% stake in CRO business of A1 Biochem Group for $17 million; acquisition expands CRDMO capabilities and A1 Biochem reported FY26 revenue of Rs 102.44 crore.

• IREDA: J.V.N. Subramanyam appointed as Government Nominee Director on the company's board with immediate effect.

• SEAMEC: The company signed a July 23, 2026 diving agreement with HAL Offshore for SAMUDRA SEVAK services worth $9.96 million.

• SOUTH INDIA BANK: Kotak Mahindra Mutual Fund acquired an additional 1.47 crore shares, increasing its stake in the bank to 5.16% from 4.60% on July 21, 2026 through Open market operations.

Economic News

• US imposes 10% tariff on India, Pak, Bangladesh, UK, others in forced labour probe: The United States has imposed 10% tariffs on goods from India and sixteen other nations. This action stems from their alleged failure to ban imports made with forced labor. India amended its foreign trade policy to prohibit such imports after the investigation began. Trading partners adopting and enforcing these prohibitions will face a 10% tariff rate. This move aims to address human rights abuses and distortive trade practices globally

Global News

• Tech Selloff Drags Nikkei Lower After Alphabet's AI Spending Warning: Japan's Nikkei tumbled over 2% on Friday, extending its monthly decline to more than 7%, as a sharp 7% fall in Alphabet shares reignited concerns over the sustainability of heavy AI spending, dragging global technology stocks lower. Chip-related stocks such as Advantest, Tokyo Electron, SoftBank Group and Kioxia led the losses, while the broader Topix also declined. Market sentiment remained driven by weakness in U.S. and South Korean technology indices, although strategists noted that the ongoing Japanese earnings season could improve sentiment if corporate outlooks remain strong. Meanwhile, domestic demand-focused stocks, including railway operators and shipping companies, outperformed, with Otsuka Holdings emerging as the Nikkei's top gainer.

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