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Stocks in News

• PIDILITE INDSTRIES: The company enters into a strategic partnership with Hwaseung Chemical to bring advanced footwear adhesive technology to India.

• VIKRAM SOLAR: The company secures a 400 MW module supply order from an EPC player for agri-solar projects in Maharashtra.

• NCC: The company receives a Letter of Acceptance worth Rs. 1,077 crore from the Andhra Pradesh government for a drinking water supply project.

• TATA MOTORS PV: The company Expands its Battery-as-a-Service (BaaS) program across the entire electric vehicle portfolio.

• TGV SRAAC: The company adds 5 MWp solar power capacity, taking total installed solar capacity to 70.4 MWp.

• ZYDUS LIFESCIENCES: US FDA concludes inspection of its Ahmedabad facility with one observation; inspection was conducted from September 21-28.

• SAGAR CEMENTS: The company subsidiary Andhra Cements completes expansion of cement grinding capacity to 3 MTPA from 1.82 MTPA.

• GREAT EASTERN SHIPPING: The company to acquire a new-build 1.57 lakh DWT Suezmax tanker, scheduled for delivery in H2 FY29.

• ELLENBARRIE INDUSTRIAL GASES: The company receives a Rs. 481 crore order from BHEL for a cryogenic ASU for an Odisha project.

• WAAREE RENEWABLE TECHNOLOGIES: The company order value for development of a 2,012.47 MWp ground-mounted solar PV project enhanced by Rs. 14 crore. .

• EUREKA FORBES: The company receives a Rs. 273 crore tax demand from the Uttar Pradesh tax department. .

Economic News

• Pulses prices surge up to 11% in a month as festive demand, crop concerns bite: Prices of key pulses including chana, moong, tur and matar have risen sharply over the past month, with wholesale rates increasing up to 11%, according to IPGA data. Industry executives attributed the surge to growing concerns over crop deficits, moisture stress, lower Australian supplies and stronger festive demand.

Global News

• Dollar Near 2-Month High on Rising Yields and Fed Rate-Hike Bets: The US dollar hovered near a two-month high at 101.2, supported by rising US Treasury yields and elevated oil prices, while markets increasingly expected stronger US economic data to reinforce the case for higher-for-longer interest rates; the euro weakened to $1.1367, near a three-month low, while sterling remained subdued at $1.3248. Brent crude rose toward $106/bbl as hopes for a ceasefire in the Iran conflict faded after US President Donald Trump rejected Tehran’s proposal, keeping energy-market risks elevated. Meanwhile, a sharp sell-off in US Treasuries pushed the 10-year yield to its highest level since 2007 and the 30-year yield to its highest since 2004, while the two-year yield climbed to a more than two-year high and approached 5%. Markets are now pricing in over a 70% probability of a Fed rate hike at the end of October, up from 57% a week earlier, with investors awaiting the US PCE inflation data and nonfarm payrolls report for further direction. The Japanese yen weakened to 157.40/$ amid renewed concerns over currency intervention, while the Australian and New Zealand dollars also eased, and the offshore yuan remained largely stable following the Trump-Xi summit.

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.00% - 5.25% on Monday ended at 4.85%.

* The 10 year benchmark (6.94% GS 2036) closed at 7.1848% on Monday Vs 7.1194% on Friday.

Global Debt Market:

U.S. Treasury yields edged higher on Monday as pressure on global government bonds resumed, amid higher oil prices and inflation fears. The 10-year U.S. Treasury note yield the key benchmark for mortgage borrowing, auto loans and credit card debt was up more than 3 basis points at 5.219%.The longer-dated 30-year Treasury bond yield, which is more sensitive to geopolitical risks, was 2 basis points higher at 5.529%.The 2-year Treasury note yield, which tends to react in line with short-term Federal Reserve interest rate decisions, moved up by more than 5 basis points to 4.916%. Bond yields elsewhere also moved higher as anxiety surrounding global government debt and sticky inflation continue to weigh on investors. The yield on 10- year U.K. government bonds, known as Gilts, was 4 basis points higher, at 5.408%, while German 10-year Bund yields, considered a benchmark for euro zone debt, were last seen holding steady at 3.6277%.Both French 10-year government debt and Japan’s 10-year bond yield were more than 1 basis point higher early Monday. The moves follow a volatile week for Treasury’s. The benchmark 10-year note yield on Thursday reached its highest rate since June 2007 before easing, while the yield on the 30-year Treasury bond touched levels not seen since 2004. As global oil prices moved higher on Monday with West Texas Intermediate futures rising 4% to $96.13 a barrel investors are looking ahead to a flurry of fresh domestic economic data releases this week. The latest monthly nonfarm payrolls data and unemployment rate are due out later in the week, following the core PCE index and latest quarterly GDP growth print. Before that, August’s JOLTS report, expected Tuesday, is forecast to show job openings dipped slightly to 7.24 million month-over-month from 7.27 million in July.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.94% GS 2036) yield likely to move in the range of 7.1650% to 7.1850% level on Tuesday.

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