IGI Logo

Stocks in News

* ZAGGLE PREPAID: The company entered into an agreement with Visa Worldwide, under which Visa will incentivise the launch and promotion of cobranded domestic prepaid cards on the Visa network.

* VODAFONE IDEA: The company said it has received no government communication on freezing Rs.87,695 crore of AGR dues and has revised its 2017 agreement with the Vodafone promoter group to recover merger-related contingent liabilities of ~Rs.5,836 crore, partly in cash.

* RBL BANK: The government and RBI are yet to approve RBL Bank’s request to cap foreign shareholding at 24%, sought until the Emirates NBD deal was concluded, while Emirates NBD has sufficient headroom to hold a minimum 51% stake in the bank..

* NCC: The company secured four new orders worth Rs.1,237 crore in December 2025, with Rs.704.67 crore from the buildings division and Rs.532 crore from the transportation division.

* NAVIN FLUORINE: The company has commenced commercial production at Phase 1 of its cGMP-4 plant in Dewas.

* EMS: The company formed two new joint ventures to expand its Water and RMC businesses—partnering with Neercare India for sewage treatment plant design and construction, and with Gajendra Parihar for ready-mix concrete manufacturing.

* NBCC: The company secured construction orders worth Rs.383 crore, including Rs.220 crore from Canara Bank and Navodaya Vidyalaya Samiti, and an additional Rs.163 crore from Canara Bank for its head office annex building in Bengaluru.

* PICCADILY AGRO: The company has commenced commercial production at its Chhattisgarh unit, with a capacity of 200 kilolitres per day, effective today.

Economic News

* India Imposes Anti-Dumping Duty on Met Coke, Raising Cost Pressures for Steelmakers: India has imposed a provisional anti -dumping duty of $60.87–$130.66 per tonne on low-ash metallurgical coke imports from Australia, China, Colombia, Indonesia, Japan and Russia for six months, adding to existing quantitative curbs. While aimed at protecting domestic industry, the move risks raising steel production costs, as met coke, accounting for 35–40% of input costs, faces both volume caps and higher prices, potentially squeezing margins, reducing efficiency, and slowing investment just as steel capacity expansion and demand are accelerating.

Global News

* China Urges Netherlands to Reverse Nexperia Move, Warns of Chip Supply Risks: China has urged the Netherlands to reverse its intervention in Chinese-owned chipmaker Nexperia, warning that the move is disrupting the global semiconductor supply chain. The dispute follows the Dutch government’s September decision to take control of Nexperia on security grounds, reportedly after US pressure, prompting China to block shipments and triggering concerns among global automakers over component shortages. Beijing called on the Netherlands to “correct its mistakes,” while industry groups warn that supply disruptions of Nexperia’s essential low-cost chips—used widely in vehicles and electronics—remain unresolved.

Debt Market Snapshot Government Security Market:

* The Inter-bank call money rate traded in the range of 4.60%- 5.75% on Wednesday ended at 4.85%.

* The 10 year benchmark (6.48% GS 2035) closed at 6.5881% on Wednesday vs 6.5786% on Tuesday

Global Debt Market:

Benchmark Japanese government bonds (JGBs) fell on Tuesday in the final trading day of a year that has seen the sharpest jump in yields in three decades on concerns about the nation's finances. The 10-year JGB yield rose 2 basis points (bp) to 2.075%, not far from the 2.1% level on December 22 that was the highest since February 1999. The yield, which moves inversely to bond prices, has surged nearly one full percentage point in 2025, the most since 1994. JGBs have had a volatile year as the central bank scaled back its bond buying, inflation became entrenched and the government embraced a growth strategy based on massive fiscal stimulus. Long-term yields have climbed sharply since early November, hitting successive record highs, on concerns over the size of Prime Minister Sanae Takaichi's spending plan. Short -term yields have faced upward pressure as the Bank of Japan raised policy rates and signalled more hikes were on the way. The two-year JGB yield, which is the most sensitive to central bank policy rates, rose 1 bp to 1.165%.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.57% to 6.5875% level on Thursday.

SEBI Registration number is INH000000081.

Please refer disclaimer at https://geplcapital.com/term-disclaimer