Key Highlights: Stocks in News, Economic & Global Updates 4th August 2026 by GEPL Capital Ltd
Government Security Market:
* The Inter-bank call money rate traded in the range of 4.60%- 5.25% on Monday ended at 4.80%.
* The 10 year benchmark (6.94% GS 2036) closed at 6.8343% on Monday Vs at 6.8343% on Friday .
Global Debt Market:
U.S. Treasury yields followed oil prices lower on Monday as investors monitor signs of de-escalation in the Iran conflict. The yield on the 10-year U.S. Treasury note the key benchmark for U.S. government borrowing fell over 1 basis point to 4.688%.The 2-year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, fell 4 basis points to 4.252%. The longer-dated 30-year Treasury bond yield fell over 4 basis points to 5.226%.It came as oil prices slumped on Monday following President Donald Trump’s claims that negotiations with Iran will begin again, after the U.S. held off on fresh strikes against the Islamic Republic at the request of Gulf allies. However, Iranian foreign ministry spokesperson Esmail Baghaei again poured cold water on the notion of direct negotiations with the United States. Baghaei told a press conference on Monday that there is no immediate plan for negotiations with the U.S., reiterating that Tehran is currently only engaged in talks with Oman regarding the Strait of Hormuz. Last week, the 30-year Treasury yield rose to its highest level since 2007 as investors reacted to an apparently “hawkish hold” from Federal Reserve interest rate setters. Some Fed officials said Friday that they favor raising rates to help ease inflation. Those officials voted against the central bank’s decision in a 9-3 vote on Wednesday to hold its key interest rate steady in a range of 3.5% to 3.75%. “While the decline in short -dated yields reflects a more dovish near-term policy outlook, the rise in long-end yields signals growing concern that Chair Warsh may prove unwilling to act aggressively enough should inflation remain elevated,” said Seema Shah, chief global strategist at Principal Asset Management. “The bond market is effectively testing the Fed’s credibility.”
10 Year Benchmark Technical View :
The 10 year Benchmark (6.94% GS 2036) yield likely to move in the range of 6.8225% to 6.84% level on Tuesday.
Stocks in News
• UNITED SPIRITS: Filed a writ petition in the Bombay High Court challenging FSSAI's order restricting the sale of a product manufactured at its Baramati unit over alleged label non-compliance.
• SAMHI HOTEL: The board approved fundraising of up to Rs 750 crore, increased authorised share capital to Rs 29 crore from Rs 25 crore, and approved the acquisition of a 100% stake in Itmenaan Lodges for Rs 12 crore
• MARUTI SUAUKI: The board approved four compressed biogas (CBG) projects worth Rs 561 crore.
• POWER GRID: The company acquired Krishnagiri REZ Transmission under the TBCB route for about Rs 19.82 crore. The SPV will develop the transmission system for integration of Krishnagiri REZ Phase-I, including two new 765/400 kV substations and associated transmission lines across Andhra Pradesh, Telangana and Karnataka.
• 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.
• KEI INDUSTRIES: The company approved a Rs 700 crore investment to expand wires and cables capacity at Salarpur, Rajasthan, with operations expected by September 2028.
• MOTHERSON: Step-down subsidiary MSSL RSA completed the acquisition of the remaining 49% stake in South Africa-based Vacuform on August 3, 2026, making Vacuform an indirect wholly owned subsidiary.
• PC JEWELLER: Repaid outstanding debt of two more consortium banks under the September 2024 settlement agreement, taking the total to seven of 14 consortium banks, all prepaid ahead of schedule.
• PRAJ INDUSTRIES: The company subsidiary Praj GenX signed a global supply agreement for hyperscale data centres with a committed business value of Rs 500 crore.
Economic News
• Auto PLI disbursals to reach Rs 4,000 crore in FY27: The government is set to release Rs 4,000 crore this fiscal year under the Auto-PLI scheme, designed to stimulate production and investment among qualified companies. Notably, Bajaj Auto has already benefited, receiving Rs 750 crore for meeting its incremental sales targets for fiscal year 2026. Substantial funds have been allocated to support this initiative, underscoring its significance.
Global News
• Oil Rebounds as Middle East Supply Risks Keep Markets on Edge: Oil prices rebounded modestly on Tuesday after sharp losses in the previous session, as concerns over Middle East supply risks resurfaced amid stalled U.S. -Iran diplomacy. Brent crude rose 0.7% to $84.39 per barrel and WTI gained 0.7% to $80.95, following steep declines after President Donald Trump paused further strikes on Iran in anticipation of negotiations. However, Iran denied any talks with the U.S., keeping geopolitical tensions elevated. While oil exports through the Strait of Hormuz have improved, vessel attacks, slower shipping traffic, tanker diversions, and security risks in both the Strait of Hormuz and the Red Sea continue to disrupt trade. Analysts said these persistent geopolitical risks and higher shipping costs are preventing crude prices from fully shedding their risk premium.
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