Key Highlights: Stocks in News, Economic & Global Updates 28th September 2026 by GEPL Capital Ltd
Stocks in News
• ZYDUS LIFESCIENCES: US FDA conducted an onsite inspection of the company's pharmacovigilance and post-marketing surveillance system at its US office from Sept. 22 to Sept. 25 with nil observations.
• LCC PROJECT: The company received two letters of intent worth Rs 70.35 crore from Reliance Industries for civil works of a 400kV Main Pooling GIS Substation at Kutch, Gujarat.
• ADANI ENTERPRIES: The company arm Adani Global acquired a 50% stake in Monvarex Aluminium Holding RSC from Monvarex Holding RSC for $25,000.
• NTPC GREEN ENERGY: The company arm commenced commercial operations of the first part (81.34 MW capacity) of its 650 MW Bikaner project.
• NMDC: The company commissioned a 2 MTPA pellet plant in Chhattisgarh as part of a Rs 5,427 crore integrated project.
• AVENUE SUPERMARTS: The company opened three new stores in Nagpur, Punjab and Bengaluru, taking its total store count to 518.
• PC JEWELLER: The company achieved debt-free status after discharging outstanding debt across all 14 lender banks. .
• AVENUE SUPERMART: The company Opens a new store in Ahmedabad, taking the total store count to 515.
• PVR INOX: The company opened a new five-screen multiplex at MyMoon in Kochi, Kerala.
• USHA MARTIN: The company executed a business transfer agreement to sell the business undertaking of U M Cables to R R Kabel.
• TATA POWER: The Government extended the validity of directions issued under Section 11 for the Mundra Thermal Plant until Dec. 31.
Economic News
• CDSCO steps up scrutiny of pharma drugs containing narcotic substances: The Central Drugs Standard Control Organisation is addressing regulatory gaps related to the illegal diversion of pharmaceutical drugs. Following the National Committee for Coordination on Drug Trafficking meeting, specific targets have been assigned to CDSCO. The drugs consultative committee will examine current regulations to recommend improvements. Union home minister Amit Shah emphasized the need for a coordinated strategy against evolving drug trafficking.
Global News
• Oil rebounds as renewed Middle East tensions offset improving crude flows through Hormuz: Oil prices rebounded on Monday as renewed geopolitical tensions in the Middle East outweighed signs of improving regional supply flows. Brent crude rose 1.27% to $105.64/bbl, while WTI gained 0.76% to $93.11/bbl, after US President Donald Trump rejected Iran’s proposed peace deal aimed at resolving the conflict and reopening the Strait of Hormuz, although further US-Iran talks are expected this week. Supply risks remain elevated as Iran-backed Houthis continued attacks on Saudi Arabia, while concerns over potential US restrictions on diesel exports also supported prices amid record US diesel prices and inflationary pressures. However, Middle East crude exports recovered to 12.8 million bpd in September, the highest since the war began, supported by higher shipments from Saudi Arabia and the UAE and a recovery in flows through the Strait of Hormuz to around 7.4 million bpd.
Government Security Market:
* The Inter-bank call money rate traded in the range of 4.60% - 5.30% on Friday ended at 4.90%.
* The 10 year benchmark (6.94% GS 2036) closed at 7.1194% on Friday Vs 7.1067% on Thursday .
Global Debt Market:
U.S. Treasury yields inched higher on Friday as recent selling pressure intensified following hawkish Fed commentary and stronger-than-expected economic data. The benchmark 10-year Treasury note was up less than one basis point to 5.17%, after reaching its highest rate since June 2007 on Thursday. The 30-year Treasury bond was flat at 5.463%, after surging to levels not seen since 2004. The 2-year note yield was also little changed at 4.899%. Investors weighed a global bond selloff this week as Japanese government bonds, U.K. gilts, German bunds and other eurozone bonds hit fresh highs. Eurozone and Japanese government bond yields edged lower on Friday. Treasury yields have been driven higher by hawkish comments from Federal Reserve Governor Michael Barr, who said in a speech on Wednesday that “further policy adjustments” can be expected to bring inflation down to target. Other factors included stubbornly high oil prices and the purchasing managers’ index report hitting its highest level in more than four years. Traders were last pricing in a nearly 71% chance of a rate hike in October, according to the CME FedWatch tool. On Friday, investors will watch the University of Michigan consumer sentiment report and durable goods data. “Ahead, we think that there are enough rate hike fears discounted at this juncture, and certainly enough to take care of perceived inflation risks,” ING’s regional head of research for the Americas Padhraic Garvey and senior rates strategist Benjamin Schroeder wrote in a note on Friday .“But, government bond yields are primed to remain under pressure on a pure debt dynamic theory, which translates into pressure for some re-widening in swap spreads, and especially in the 10yr area.”
10 Year Benchmark Technical View :
The 10 year Benchmark (6.94% GS 2036) yield likely to move in the range of 7.10% to 7.12% level on Monday.
SEBI Registration number is INH000000081.
Please refer disclaimer at https://geplcapital.com/term-disclaimerg
