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Government Security Market:

* The Inter-bank call money rate traded in the range of 4.60%- 5.45% on Friday ended at 4.90%.

* The 10 year benchmark (6.94% GS 2036) closed at 6.8343% on Friday Vs at 6.8132% on Thursday .

Global Debt Market:

U.S. Treasury yields followed oil prices lower on Friday amid signs of a recovery in crude flows through the Strait of Hormuz and hopes for easing Middle East tensions. The 30- year Treasury bond yield was down nearly 2 basis points to 5.188%, and the benchmark 10-year Treasury yield was 1 basis point lower to 4.647%. Meanwhile, the 2-year Treasury note yield hovered just above the flatline at 4.231%. It follows a sharp rise in Treasury yields after the Fed voted to hold its key interest rate steady at a range of 3.5% to 3.75% in a 9-3 vote on Wednesday. Investors also parsed through the personal consumption expenditures index, which showed that inflation remained above the Fed’s target, with core PCE, which excludes food and energy, increasing 0.1% monthly and 3.3% annually. Economists polled by Dow Jones were expecting 0.2% and 3.3%, respectively. Additionally, GDP data showed U.S. growth slowing to 1.5% in the second quarter, missing the Dow Jones consensus estimate of 1.8%. On the economic data front, the second-quarter employment cost index and Michigan consumer sentiment figures are due later on Friday. Investors await key jobs data next week, including the JOLTs job openings report for June and the nonfarm payrolls report for July. “After a hold by the Federal Reserve and a benign PCE deflator, markets no longer see the Fed hiking twice over the coming year. Having said that, September will be a difficult meeting to remain on hold,” Michiel Tukker, senior UK and euro zone rates strategist at ING. “Learning from the reaction to Wednesday’s meeting, we don’t think markets will take it lightly if Fed Chair Kevin Warsh doesn’t show full dedication to fighting inflation.”

10 Year Benchmark Technical View :

The 10 year Benchmark (6.94% GS 2036) yield likely to move in the range of 6.8125% to 6.8350% level on Monday.

Stocks in News

• IDEAFORGE TECHNOLOGY: Received in-principle approval from the Technology Development Board for funding of up to Rs 151 crore at 4% interest under the RDI scheme for its Rs 302 crore YETI heavy-lift autonomous aerial logistics vehicle project.

• PNC INFRATECH: The company received LoI from AAI for a Rs 302.44 crore EPC contract for airside and landside development at Pantnagar Airport, Uttarakhand, to be completed in 24 months.

• MARUTI SUAUKI: The board approved four compressed biogas (CBG) projects worth Rs 561 crore.

• LUPIN: The company received U.S. FDA approval for Diazepam Injection USP. The product has estimated annual U.S. sales of $77.9 million.

• NBCC: The company secured three orders worth Rs 1,052.71 crore in July, including Rs 590.38 crore in the Buildings Division and Rs 462.33 crore in the Water Division.

• BHARAT ELECTRONIC: The company received fresh orders worth Rs 847 crore since July 13.

• POWERICA: The company signed a power purchase agreement with Gujarat Urja Vikas Nigam to set up a 100 MW wind power project in Gujarat.

• PVR INOX: The company opened a three-screen premium multiplex at Mall 11, Jabalpur, taking its network to 1,782 screens across 355 properties.

• EMS: The company will acquire an additional 14% stake in subsidiary Mirzapur Ghazipur STPs for Rs 26.08 lakh, increasing its holding to 74%.

• HINDUSTAN ZINC: Arun Misra ceased to be Chief Executive Officer and Whole-time Director upon completion of his tenure on July 31.

Economic News

• Andhra govt, Australia sign MoUs on clean energy, manufacturing, education, skills: Andhra Pradesh and Australia signed four MoUs expanding bilateral cooperation. These agreements cover clean energy, advanced manufacturing, and inclusive education initiatives. Student mental health and skill development also form key areas of collaboration. The partnerships aim to foster innovation and workforce development in the state. These collaborations follow recent discussions and visits between the two regions.

Global News

• Peace Hopes Weigh on Oil While Coordinated Yen Intervention Boosts Currency: Oil prices fell sharply on Monday, with Brent crude dropping over 6% to $82.41 per barrel, after U.S. President Donald Trump signaled renewed peace talks with Iran, easing concerns over disruptions in the Strait of Hormuz. Improved geopolitical sentiment supported U.S. equity futures, with S&P 500 and Nasdaq futures rising, although Asian markets remained under pressure as Japan's Nikkei declined 1%, South Korea's KOSPI fell 3.6%, and MSCI Asia-Pacific ex-Japan index slipped 1%. Meanwhile, the Japanese yen surged more than 1% to 155.39 per dollar after Japan and the U.S. confirmed a rare coordinated currency intervention to support the yen. While officials warned of further action if needed, analysts believe the intervention is unlikely to reverse the yen's long-term weakness, given the wide U.S.-Japan interest rate differential, and expect any gains to be temporary unless underlying economic fundamentals change.

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