Key Highlights: Stocks in News, Economic & Global Updates 28th October 2026 by GEPL Capital Ltd
Stocks in News
• WAAREE ENERGIES: Waaree Energies to acquire 100% stake in Waaree Green Data Centers, along with Aurovault and Sunstar Data Centers, with completion expected in FY27.
• LEMON TREE: The company signs pact for a 76-room hotel in Punjab.
• TATA MOTORS: TML CV Holdings B.V. received final open offer tenders of 238.16 million shares, increasing its stake to 89.42%.
• JSW CEMENT: The Company approves 2 MTPA GGBS grinding capacity at Vijayanagar, Karnataka, and a 2 MTPA cement grinding mill at Dolvi, Maharashtra, to strengthen its manufacturing footprint.
• LLOYDS METALS AND ENERGY: The company to acquire at least 26% stake in three Amplus entities for captive renewable power.
• KARAMTARA ENGINEERING: Karamtara Engineering secures Rs 1,199 crore orders in transmission and renewable energy sectors.
• SURBOS: Subros secures Rs 1,225 crore order from Maruti Suzuki to supply HVAC assemblies.
• ALEMBIC PHARMA: Alembic Pharma receives US FDA approval for valganciclovir oral solution used to treat CMV retinitis.
• EXIDE INDUSTRIES: The company invests Rs 150 crore in Exide Energy Solutions, taking total investment to Rs 5,352 crore.
• ACME SOLAR: The company commissions an additional 35.77 MW BESS capacity, taking total capacity to 195.35 MW/781.40 MWh under its PPA with SJVN.
• STEAMHOUSE INDIA: The company signs pact with Haryana Enterprises Promotion Centre to explore industrial infrastructure opportunities involving Rs 500 crore investment.
Economic News
• India’s record bank cash surplus fades as RBI curbs rupee bets: Indian banks have seen their excess funds drop significantly as the Reserve Bank of India maintains liquidity tightness. This monetary policy is aimed at curbing speculation against the rupee, which has reached critical levels. The central bank has provided limited liquidity support and capped assistance at 1.5 trillion rupees. Consequently, overnight borrowing rates have risen close to the top of the monetary policy range.
Global News
• Dollar near two-week high ahead of Fed decision; NZ dollar tumbles on surprise rate hold: The US dollar held near a two-week high, with the dollar index at 102.40, as markets awaited the Fed’s policy decision, with a 91% probability of rates remaining unchanged while investors assessed signals on a potential December move. The euro and pound were flat at $1.1129 and $1.3307, respectively, while the yen strengthened to 157.81 per dollar. The New Zealand dollar plunged 1.7% to $0.5585 after the central bank unexpectedly held rates at 2.75%, contrary to market expectations of a hike. Meanwhile, the Australian dollar rose 0.1% to $0.7035 after quarterly inflation accelerated to 1.3% from 0.6%, with core inflation remaining above the RBA’s target at 3.6% annually. The US 10-year Treasury yield remained near 5% at 4.9967%.
Government Security Market:
* The Inter-bank call money rate traded in the range of 4.30% - 5.90% on Tuesday ended at 5.15% .
* The 10 year benchmark (6.94% GS 2036) closed at 7.4360% on Tuesday Vs 7.4826% on Monday .
Global Debt Market:
U.S. Treasury yields were broadly flat on Tuesday ahead of the Federal Reserve’s two-day monetary policy meeting, starting later in the session, and a spate of economic data releases. The benchmark 10-year Treasury yield fell less than 1 basis point to 4.982%, while the 30-year Treasury bond was little changed at 5.297%, and the 2-year Treasury note yield was also little changed at 4.707%. The Fed will kick off its two-day monetary policy meeting on Tuesday, with the central bank’s latest interest rate decision due on Wednesday. Traders are widely expecting policymakers to keep the interest rate unchanged at the current target range of 3.75% to 4%, but will look for clues as to whether the Fed will hike interest rates again before the end of the year. Traders are now pricing in a nearly 90% chance that the Fed will hold rates steady, according to the CME FedWatch Tool. Investors will also parse Chairman Kevin Warsh’s statement at the press conference following the decision for potential insights on future monetary policy decisions. Investors also await data on durable orders, consumer confidence and new home sales due later on Tuesday. The latest publication of the personal consumption expenditures index, the Fed’s preferred inflation gauge, is due on Thursday.
10 Year Benchmark Technical View :
The 10 year Benchmark (6.94% GS 2036) yield likely to move in the range of 7.42% to 7.45% level on Wednesday
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