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Stocks in News

• SML ISUZU: June 2026 commercial vehicle sales rose 4.9% YoY to 1,896 units from 1,807 units, production increased 2.7% YoY to 1,587 units from 1,546 units; exports declined 46.9% YoY to 34 units from 64 units.

• KP ENERGY: KP Energy has cmmissioned 50.4 MW wind power project comprising 16 Suzlon wind turbines (3.15 MW each) at Vanki, Kutch, Gujarat for NTPC Renewable Energy ; the project achieved commercial operation from July 8, 2026.

• UNITED SPIRITS: Closed operations at its Hyderabad manufacturing unit effective July 8, 2026 after receiving approval from the Telangana Excise Department for transfer of the unit's excise licence.

• JSW ENERGY: JSW Energy added 1,081 MW renewable capacity since Apr FY27, taking total capacity to 14,535 MW; renewable share rose to 61%, with 3 GW FY27 addition on track.

• IOL CHEMICALS & PHARMACEUTICALS: HRTI Private Limited sold 10.14 lakh shares at Rs. 169.61 per share. Polunin Emerging Markets Small Cap Fund LLC bought 44.19 lakh shares at Rs. 166.65 per share.

• JSW INFRASTRUCTURE: JSW's wholly owned subsidiary, JSW Jatadhar Marine Services, signed a novation agreement with JSW Utkal Steel for the development of a captive jetty at Jatadhar Muhan, Odisha

• NALCO: The company signed a 50:50 JV with NLC India to develop a 1,080 MW captive thermal power plant in Angul, Odisha, for its aluminium smelter expansion.

• IRB INFRASTRUCTURE: June 2026 toll collections rose 28% YoY to Rs. 808 crore from Rs. 631 crore

• JAIN RESOURCES RECYCLING: WOS Jain Green Technologies Private commissioned the second furnace of its Copper Anode production line at the Gummidipoondi, Tamil Nadu facility.

• CEAT: Approved investment of up to Rs. 2.74 crore in wholly owned subsidiary Tyresnmore Online Private through a rights issue.

Economic News

• Govt extends duty relief for electronics, lithium-ion battery manufacturing till 2029: Customs duty concessions on electronics manufacturing parts are extended until March 2029. This move supports investments in battery cell manufacturing and advanced electronics assembly. Lithium-ion battery machinery now has expanded eligibility for concessional customs duty. Display assembly components for automotive and medical uses also receive duty relief. Wireless charging components for mobile phones are similarly granted customs duty concessions.

Global News

• Oil Prices Jump on Renewed Supply Disruption Fears: Oil prices surged for a second straight session, with Brent crude rising above $79/bbl and WTI nearing $74/bbl, taking cumulative gains to over 6% in two days, after fresh US airstrikes on Iran escalated geopolitical tensions. The renewed conflict has heightened fears of supply disruptions through the Strait of Hormuz, a critical route for global oil exports, while the US ended its interim peace agreement with Iran, tightened sanctions on Iranian crude exports, and shrinking US gasoline and diesel inventories further intensified supply concerns, supporting the sharp rally in crude prices.

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.60%- 5.60% on Wednesday ended at 4.90%.

* The 10 year benchmark (6.94% GS 2036) closed at 6.7636% on Wednesday Vs at 6.6958% on Tuesday .

Global Debt Market:

U.S. Treasury yields surged on Wednesday after U.S. President Donald Trump told the NATO summit in Turkey that he thinks the ceasefire with Iran is over. The yield on the 10-year Treasury note the main benchmark for mortgages, auto loans and credit card debt was last seen more than 5 basis points higher at 4.5812%.Shorter- and longer-term yields also moved higher. The yield on the 2-year Treasury note, which typically tracks short-term Federal Reserve interest rate decisions, was up by more than 5 basis points at 4.2182%. Meanwhile, the 30-year Treasury yield, which traditionally moves on geopolitical events, also jumped more than 3 basis points to 5.0752%. Trump’s comments also pushed energy costs higher. Brent crude futures, the international price benchmark, jumped 6.18% to $78.73 per barrel. U.S. West Texas Intermediate futures were 6.45% higher at $74.93. Government bond yields finished Tuesday’s session higher, with 30-year Treasury yields trading above the key 5% level, and the 10-year note surging more than 6 basis points .As traders gauge how Trump’s comments are likely to shape borrowing costs longer term, they are also awaiting the Federal Open Market Committee’s June meeting minutes, published later Wednesday, for more monetary policy insights under new Fed chair Kevin Warsh. Separately, the Mortgage Bankers Association’s latest weekly average 30-year fixed rate a key barometer of U.S. housing affordability — is due out later. The average 30-year fixed mortgage rate for loans up to $806,500 fell slightly to 6.57% from 6.59% for the week ending July 1.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.94% GS 2036) yield likely to move in the range of 6.75 to 6.78% level on Thursday.