Key Highlights: Stocks in News, Economic & Global Updates 28th July 2026 by GEPL Capital Ltd
Government Security Market:
* The Inter-bank call money rate traded in the range of 4.60%- 5.45% on Monday ended at 4.90%.
* The 10 year benchmark (6.94% GS 2036) closed at 6.7739% on Monday Vs at 6.8253% on Friday .
Global Debt Market:
US Treasury yields fell on Monday after the U.S. and Iran halted hostilities in the Middle East over the weekend, pushing energy prices lower. The yield on the key 10-year Treasury note the main benchmark for mortgages, auto loans and credit card debt was more than 4 basis points lower at 4.634%. Shorter- and longer-term yields also moved lower. The yield on the 2-year Treasury note, which typically tracks short-term Federal Reserve interest rate decisions, dropped 3 basis points to 4.299%. Meanwhile, the 30-year Treasury yield, which traditionally moves in response to geopolitical events, was down more than 4 basis points to 5.121%. Monday’s slide in borrowing costs comes after the U.S. and Iran held fire for the third consecutive night. Oil prices rapidly reversed course, with U.S. West Texas Intermediate futures sliding 8% to $82.18. Global benchmark Brent crude which last week had approached the $100 per barrel level was last seen 9.5% lower at $87.59. The moves come as traders look ahead to the Federal Reserve’s latest interest rate decision, due Wednesday. Consensus forecasts indicate the rate-setting Federal Open Market Committee will leave rates unchanged at 3.75%. As markets weigh how the evolving Middle East picture is likely to shape the Fed’s rate call, investors are also keeping an eye on a slew of other economic data releases scheduled this week. These include June’s core PCE price index, the latest quarterly GDP print, and new orders data for U.S.-made durable goods.
10 Year Benchmark Technical View :
The 10 year Benchmark (6.94% GS 2036) yield likely to move in the range of 6.7625% to 6.7825% level on Tuesday.
Stocks in News
• ZAGGLE PREPAID: Entered into a three-year agreement with Daimler India Commercial Vehicles to provide Zaggle Zatix and its Corporate Credit Card programme for DICV's fleet partners.
• WAAREE RENEWABLE TECHNOLOGIES: Signed an ECI agreement with an SPV of a leading global IPP to develop a utility-scale solar PV project with BESS in New Zealand, marking its entry into the Australia-New Zealand renewable energy market.
• TVS MOTOR COMPNAY: The company acquired a 4.39% stake in TVS Credit Services from Lucas TVS for Rs. 711 crore, increasing its holding to 85.15% from 80.76%.
• GRAVITA INDIA: The board approved the closure of subsidiary Gravita Metal Inc. from Aug. 1, 2026, consolidating operations at its Jaipur facility to improve operational and cost efficiencies.
• GOODLUCK INDIA: The company subsidiary Goodluck Defence received a Quality Assurance Certificate from the Directorate General of Quality Assurance for the supply of 155 mm M107 Ready-to-Fill artillery shells assembled with recovery plugs.
• HERTAGE FOODS: The company acquired an additional 20% stake in PBJL, increasing its holding to 71%. PBJL became a subsidiary effective July 27, 2026.
• SUN PHARMACEUTICAL INDUSTRIES: Partner Philogen resubmitted the European Medicines Agency marketing authorisation application for Nidlegy, a melanoma treatment, for Europe, Australia and New Zealand.
• AVENUE SUPERMART: The company opened a new DMart store in Pratapnagar, Udaipur, taking the total store count to 505
• INDO TECH TRANSFOMERS: The company receives NTPC approval for supply of two 90 MVA, 400 kV transformers for BESS projects.
Economic News
• US, India expanding cooperation in defence, civil nuclear sector, says senior US official: The United States and India are expanding defense and civil nuclear cooperation. Trusted AI and emerging technologies are being adopted to power their economies. India has acquired numerous US defense equipment since 2002. American nuclear power companies are exploring civil nuclear sector collaboration. This engagement strengthens supply chains critical to both nations.
Global News
• Rate hike speculation lifts the dollar while easing oil prices temper inflation concerns: The U.S. dollar hovered near a one-month high on Tuesday as investors assessed the possibility of a Federal Reserve rate hike despite easing inflation concerns following a sharp decline in oil prices. The dollar index edged up to 101.55, supported by relatively firm U.S. Treasury yields, while markets priced in a 36.3% chance of a 25-bps Fed hike this week and an 81% probability of a September increase. Investors are also awaiting U.S. Q2 GDP and core PCE inflation data for further policy signals. Meanwhile, the Bank of England and the Bank of Japan are expected to keep rates unchanged, though the BOJ may adopt a hawkish tone to support the yen, while the Australian and New Zealand dollars weakened and cryptocurrencies, including Bitcoin and Ether, traded lower.
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