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Stocks in News

* OLA ELECTRIC MOBILITY : The company issued a clarification on recent media reports, confirming that no chargesheet has been filed and that it is fully cooperating with authorities in the ongoing investigation.

* FEDERAL BANK : The company clarified that its board has not made any decision regarding the proposed preferential issue for a 9.99% stake.

* LLOYDS METALS & ENERGY : The company approved the allotment of 19.6 lakh shares at Rs.1,460.5 per share, aggregating to Rs.286 crore, in favour of Adler Industrial Services.

* DR. REDDY’S LABORATORIES: The company received an Establishment Inspection Report (EIR) from the US FDA, classifying its Andhra Pradesh manufacturing facility as “Voluntary Action Indicated” (VAI).

* MANALI PETROCHEMICALS: The company’s subsidiary, AMCHEM, has signed a share purchase agreement with Coim S.p.A. to divest its entire stake in Notedome Ltd, UK.

* EXPLEO SOLUTIONS : The company has approved the closure of its Competence Centre in Coimbatore, with the official date of closure to be announced shortly.

* GULSHAN POLYOLS: The company has won an order worth Rs.1,185 crore to supply ethanol to Oil Marketing Companies as part of the Ethanol Blended Petrol Programme.

* FILATEX INDIA: The company, in partnership with Revti Business and Wastewear, has signed a Memorandum of Understanding to collaborate on textile recycling, product innovation, and sustainable manufacturing initiatives.

Economic News

* India to Gradually Cut Russian Oil Imports, Trump Signals Progress in Trade Talks : US President Donald Trump claimed that India will reduce its Russian oil imports “down to nothing” by the end of the year, noting that the process is gradual and that nearly 40% of India’s oil currently comes from Russia. Speaking after a call with Prime Minister Narendra Modi, Trump said India “won’t be buying too much oil from Russia,” signaling potential progress in trade discussions. India is already subject to a 50% tariff on exports to the US, partly as a penalty for Russian oil purchases, which Trump has warned will continue unless imports are curtailed. While Russia currently supplies about one-third of India’s crude, Indian refiners are exploring higher US oil volumes, even as New Delhi emphasizes that energy purchases will continue to prioritize domestic needs.

Global News

* Trump Administration Weighs Sweeping Export Restrictions on China Amid Rare Earth Dispute : The Trump administration is reportedly considering broad export restrictions on China, targeting products from laptops to jet engines, in response to Beijing’s recent rare earth export limits. The plan, aimed at enforcing Trump’s earlier threat to block “critical software” exports, would restrict global shipments of items containing or produced with US software. While the measure may not move forward, it signals a potential escalation in the US-China trade standoff, even as some officials favor a more measured approach. If implemented, it could disrupt global tech trade and affect the US economy, mirroring similar controls imposed on Russia after 2022. China has opposed such unilateral US actions, warning it will defend its interests, while the White House and Commerce Department have declined to comment.

NIFTY SPOT: 25843.15 (0.52%) TRADING ZONE:

Resistance :25900 (Pivot Level) and 26000 (Key Resistance). Support: 25600 (Pivot Level) and 25400 (Key Support).

BROADER MARKET: Inline MIDCAP 150: 59344.5 (0.75%), SMALLCAP 250: 18206.15 (0.46%) VIEW: BULLISH TILL ABOVE 25400 (Key Support).

BANKNIFTY SPOT: 58033.2 (0.55%)

TRADING ZONE: Resistance: 58300 (Pivot Level) / 58500 (Key Resistance)

Support: 57500 (Pivot Level) / 57000 (Key Support)

VIEW: BULLISH TILL ABOVE 57000 (Key Support)

SEBI Registration number is INH000000081.

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