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Stocks in News

* JIO FINANCIAL SERVICES: Its arm introduces the JioFinance app and unveils ‘Finsider', an intelligent digital marketplace.

* CENTRAL BANK OF INDIA: The bank signs a distribution agreement with Canara Robeco AMC to offer its mutual fund products.

* LIC: The corporation commences operations at its new IFSC branch located in GIFT City.

* AUROBINDO PHARMA: The US FDA concludes an inspection at its arm's Telangana unit (Eugia Pharma Unit-1) with four observations.

* BRIGADE ENTERPRISES: The company launches a residential project in Chennai with an estimated Gross Development Value (GDV) of Rs 1,700 crore.

* KROSS: The company commissions India's first axle beam extrusion plant for heavy commercial vehicles, increasing capacity to 8,000 units per month.

* LEMON TREE HOTEL: The company signs a license agreement for a new 55- room hotel in Maharashtra.

* SAMVARDHANA MOTHER: The company completes the formation of a joint venture with Taiwan-based Macauto Industrial.

* HG INFRA ENGINEERING: The company receives a Letter of Intent (LoI) from NHAI for a six-lane ring road project in Odisha worth Rs 1,582 crore.

* QUALITY POWER ELECTRICAL: The company secures orders worth Rs 34 crore for the supply of HVDC reactors.

* GAIL INDIA: The company plans to set up a wind power project in Maharashtra with an investment of Rs 1,736 crore.

* LUPIN: The company's arm is in the process of acquiring a 100% stake in VISUfarma, with completion expected by April.

Economic News

* Oil, trade risks for India amid Iran-Israel war: Escalating Iran-Israel tensions threaten India's energy security, potentially raising oil prices and inflation. Disruptions in West Asia, a crucial $178.5 billion trading bloc for India, could impact the rupee and force exporters to find new routes. The Strait of Hormuz, vital for energy imports, remains a key chokepoint.

Global News

* Rising Middle East tensions threaten Japan’s growth outlook and could delay the Bank of Japan’s next rate hike amid oil-driven inflation risks: Japan faces rising stagflation risks as escalating tensions between Iran and Israel push oil prices up 7% and threaten shipments through the Strait of Hormuz, a critical route for an economy that imports over 90% of its crude from the Middle East. With Japanese shipping firms halting operations in the region and Prime Minister Sanae Takaichi seeking impact assessments, prolonged disruption could hurt already weak consumption by raising energy and goods prices, despite Japan holding three months of reserves. Analysts at Morgan Stanley MUFG Securities estimate a 10% oil spike could trim GDP by 0.1%, while Financial Institute sees a 0.18% GDP hit and 0.31% inflation rise if disruptions persist, complicating the Bank of Japan’s rate hike plans. Although Deputy Governor Ryozo Himino signaled continued gradual tightening as inflation nears the 2% target, softer demand and higher import costs may force a more cautious stance, delaying expected rate hikes even as growth was modest at 0.2% annualized in the previous quarter.

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.50%- 5.22% on Friday ended at 4.70%.

* The 10 year benchmark (6.48% GS 2035) closed at 6.6601% on Friday Vs 6.6943% on Thursday .

Global Debt Market:

Investors bid aggressively for Treasury’s four- and eight-week bills on Thursday on the heels of a rush into bonds that sent the 10-year yield to a year-to-date low. Treasury sold $105 billion of four-week bills at 3.625% and $95 billion of eight-week bills at 3.63%. The four-week stopped below the 11:30 am ET when-issued bid of 3.635%, while the eight- week also stopped below the WI bid of 3.635%, according to Oxford Economics Indirect bidders were awarded 69.4% of the four-week offering, the biggest share since Feb. 5, but just 53.2% of the eight-week sale, the smallest share since Dec. 11. Today’s four- and eight-week auctions were aggressively bid, with both auctions stopping below where the WIs were trading at the bidding deadline, which might reflect some of the safe-haven flows, although the broader flatness of the bill curve today leaves that in question,” Oxford Economics analyst John Canavan wrote in a note * Most of the move in Treasuries occurred in the hour after the cash equity open as shares tumbled, with Nasdaq 100 index sliding as much as 2%; WTI crude oil futures saw choppy trading amid mixed reports on the status of negotiations between the US and Iran * Meanwhile, overnight GC repo traded as high as 3.73% before dropping to 3.60% and closing at 3.65%, according to Curvature Securities; it first traded at 3.72%, 3.71%, 3.70% with a bid- ask of 3.70%-3.69%, according to ICAP * Friday’s coupon auction settlements will raise $37 billion and another $59 billion on March 2, followed by $19 billion of T-bill settlements on March 3, data show * That’s in addition to the monthend statement date where banks tend to pare repo market activity in order to shore up balance sheets for regulatory purposes.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.65% to 6.67% level on Monday.

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