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Government Security Market:

* The Inter-bank call money rate traded in the range of 4.60%- 5.50% on Tuesday ended at 5.35%.

* The 10 year benchmark (6.94% GS 2036) closed at 6.7774% on Tuesday Vs at 6.7739% on Monday .

Global Debt Market:

US Treasury yields continued to retreat on Tuesday as traders await this week’s Federal Reserve interest rate decision, while the ongoing pause in U.S.- Iran hostilities sent oil prices lower, raising hopes of a more sustainable ceasefire arrangement. The 10-year Treasury note yield the main benchmark for mortgages, auto loans and credit card debt was down by 2 basis points at 4.622%.The yield on the 2-year Treasury note, which tends to react in line with short-term Federal Reserve interest rate decisions, was also 2 basis points lower at 4.301%. The longer-dated 30-year Treasury yield, which is often sensitive to geopolitical events, was seen more than 1 basis point lower at 5.111%. Investors will be closely watching the Fed’s interest rate decision, due Wednesday. The rate-setting Federal Open Market Committee is expected to leave rates unchanged at 3.75%, with markets instead pricing in a 56% chance of a September hike, according to the CME Group’s FedWatch tool. Traders are also monitoring events in the Middle East, after President Donald Trump said the U.S. had held “good talks” with Iran on Monday. The ongoing pause in hostilities has continued to push oil prices lower. West Texas Intermediate futures were 1.6% lower at $81.27 per barrel on Tuesday. Brent crude the global oil price benchmark was 2% lower at $86.63.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.94% GS 2036) yield likely to move in the range of 6.7650% to 6.78% level on Wednesday.

Stocks in News

• DYNANCOS SYSTEMS & SOLUTION: The company secured a Rs 267.58 crore contract from NPCI for data centre augmentation, including enterprise server infrastructure and seven years of support and warranty.

• RAILTEL CORPORATION OF INDIA: The company secured a Rs 43.90 crore work order from the AIG of Police, Odisha, for deploying 170 IT, cyber forensics, and finance and accounts experts for Odisha Police. The project is to be completed by Aug. 30, 2029.

• PARADEEP PHOSPHATES: The board approved setting up a 15,000 MTPA aluminium fluoride manufacturing plant at Paradeep, with an estimated investment of Rs 250 crore.

• RAIL VIKAS NIGAM: The company received a letter of acceptance from East Central Railway for a Rs 358.97 crore railway-doubling project between Kundawa Chainpur and Raxaul.

• LEMON TREE HOTELS: The company signed a licence agreement for a 51- room Keys Select by Lemon Tree Hotels property at Panthpiplai, Ujjain, Madhya Pradesh. The property will be managed by wholly owned subsidiary Carnation Hotels.

• INDIAN OIL CORPORATION: Paradip Refinery processed 16.35 MMT, commissioned SRU-III and NHGU, while the PX-PTA project neared completion.

• GRASIM INDUSTRIES: The company repaid Rs 750 crore of commercial paper on maturity on July 28, 2026.

• TANLA PLATFORMS: A subsidiary approved the acquisition of a 100% stake in ValueFirst Middle East FZC for Rs 148.52 crore. The transaction is expected to be completed by Q2 FY27.

• JAIN RESOURCES RECYCLING: Unit-II resumed operations from July 27, 2026, except for the fire-damaged shed.

• DECCAN GOLD MINES: Signed an MoU with CSIR-CECRI on research into critical minerals and battery materials on July 28, 2026.

Economic News

• India's factory output grows 7.3% in June, fastest pace in nearly two years: India's industrial production surged 7.3% in June, marking its fastest growth in nearly two years. Manufacturing and electricity generation showed a sharp acceleration, exceeding economists' expectations. This strong performance suggests robust domestic economic growth despite global uncertainties. Capital goods, primary goods, and intermediate goods were key contributors to this expansion. Other sectors like mining and water supply also registered positive growth.

Global News

• Global inflation risks rise as Middle East conflict fuels oil price uncertainty: A Reuters poll of nearly 500 economists suggests that global inflation is likely to remain elevated as the prolonged Middle East conflict continues to push up energy prices and increase economic uncertainty. Economists raised 2026 inflation forecasts for 39 of 50 major economies while lowering growth estimates for 32, citing the impact of higher oil prices and geopolitical risks. Although AI-driven investment has helped keep global growth projections broadly stable at 2.9% for 2026 and 3.1% for 2027, rising inflation is expected to complicate central banks' efforts to ease monetary policy, with the eurozone and several Middle Eastern economies facing the sharpest growth downgrades.

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