Key Highlights: Stocks in News, Economic & Global Updates 3rd September 2026 by GEPL Capital Ltd
Stocks in News
• ESCORTS KUBOTA: Escorts Kubota launches Farmtrac 6055 Classic Dark Edition and PROMAXX 2.0 range on September 2, 2026.
• JEENA SIKHO LIFECARE: To expand Ayurvedic healthcare portfolio with launch of six new products under the Narie Xpert and Porush Xpert brands, including granules, syrup and tablets
• INDO TECH TRANSFOMER: The company received Rs 165.55 crore order from AP TRANSCO for supply of 26 power transformers; execution scheduled between Oct. 2026 and June 2027.
• AARTI PHARMALABS: Gandhinagar stamp authority levies Rs.59.5 crore duty and penalty on demerger scheme order.
• RELIANCE INFRASTRUCTURE: The company received copy of the Enforcement Directorate's PMLA prosecution complaint alleging an amount of about Rs 179.66 crore.
• HUDCO: The company Signed MoU with the Bihar government to provide up to Rs 25,000 crore funding over 5 years for development of industrial infrastructure and land acquisition for industrial park projects in the state.
• CAPLIN POINT LABORATORIES: The company subsidiary Caplin One Labs received GMP compliance certification from Colombia's INVIMA for manufacturing oncology products, covering sterile lyophilised injectables, tablets and hard capsules.
• STERLITE TECHNOLOGIES: CRISIL upgrades long-term credit ratings to AA/ Stable from AA-/Stable on on bank loan facilities and three NCDs.
• POWERGRID: The company wins TBCB bid for Rajasthan REZ transmission project; LoI received, annual charges Rs. 3,244.33 crore.
• INDIA CEMENT: Entered into PPAs and agreements to acquire 26% stake in Amplus TN One Energy for up to Rs. 14.06 crore, to support solar projects with BESS for green energy needs, captive power consumption.
• BLUESTAR: Blue Star completed sale of MedTech business to Cyrix effective September 1, 2026, for up to Rs 40 crore.
Economic News
• India’s 7.8% growth underscores fastest-growing large economy status, Vinay Kwatra says at Nasdaq: India's 7.8 percent GDP growth solidifies its status as the world's fastest-growing large economy. Ambassador Vinay Kwatra highlighted this economic and technological transformation at Nasdaq. He emphasized the growing partnership between India and Nasdaq's technology leadership companies. India seeks an even stronger collaboration with American businesses and investors moving forward. The opening bell ceremony symbolized confidence in enterprise and future India-US partnerships.
Global News
• Oil surges as U.S.-Iran tensions threaten Middle East supply flows: Oil prices rose nearly 1% in early Wednesday trade, extending gains of over $4/ bbl in the previous session, as renewed U.S.-Iran strikes heightened concerns over Middle East supply disruptions and increased risks around the Strait of Hormuz, a key route carrying around one-fifth of global oil consumption. Brent crude rose 0.92% to $95.52/bbl, while WTI gained 0.89% to $91.02/bbl, with tanker attacks and Iran’s threat to further restrict shipping forcing traders to seek alternative crude supplies. Adding to the bullish sentiment, U.S. crude inventories fell by 2.6 million barrels in the week ended August 28, while distillate stocks declined by 265,000 barrels.
Government Security Market:
* The Inter-bank call money rate traded in the range of 4.00%- 5.18% on Wednesday ended at 4.70%.
* The 10 year benchmark (6.94% GS 2036) closed at 6.9754% on Wednesday Vs 6.9581% on Tuesday.
Global Debt Market:
U.S. Treasury yields were broadly higher on Wednesday as inflation and debt concerns pressured global government borrowing costs. The yield on the 10- year Treasury note the main benchmark for mortgages, auto loans and credit card debt was 1 basis point higher at 4.81%. It also reached 4.814%, its highest level since November 2023. The 30-year Treasury yield was 2 basis points higher at 5.286%, while the yield on the 2-year Treasury note was near flat at 4.4%. Yields were also higher globally as investors continued to demand a greater premium to take on medium- and long-term government debt. The latest escalation in tensions in the Middle East has renewed fears about inflation proving entrenched, while traders increasingly expect interest rate hikes this month in the U.S. and beyond. “Investors are now staring directly into the eyes of an inflation monster that threatens to become stronger unless action is taken. Central banks typically raise interest rates to fight inflation, and market expectations for the scale of rate hikes continues to evolve,” Dan Coatsworth, head of markets at AJ Bell, said in a Wednesday note. “Bonds are reaching the point where certain investors may seek to lock in high yields caused by the latest market volatility. What might be holding them back is an expectation that yields could get even higher if rates go up fast and hard, meaning certain bond investors could be playing a waiting game before piling in.”
10 Year Benchmark Technical View :
The 10 year Benchmark (6.94% GS 2036) yield likely to move in the range of 6.9550% to 6.9750% level on Thursday.
SEBI Registration number is INH000000081.
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