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Stocks in News

* DREDGING CORPORATION: The company plans a Rs.4,000 crore modernization drive under a four-port consortium to enhance dredging capacity, efficiency, and global competitiveness, alongside signing 22 MoUs worth Rs.17,645 crore with 16 organizations at India Maritime Week 2025.

* ZYDUS LIFESCIENCES: The company received a demand order from the Gujarat GST authority for an alleged excess IGST refund on exports totaling Rs.148 crore, including penalty.

* RAILTEL CORPORATION: The company received a Rs.32.4 crore Letter of Award from the Rajasthan Council of School Education for providing Aadhaar enrolment and updation services.

* IXIGO: The company’s board approved raising Rs.1,296 crore via a preferential issue of 4.6 crore shares at Rs.280 each to MIH Investments One BV on a private placement basis.

* UNITED SPRITED: The company received approval to transfer its subsidiary’s excise license for manufacturing Indian Made Foreign Liquor.

* GK ENERGY: The company signed an agreement to procure 875 MW of solar PV cells under the DCR category for projects across India, with deliveries scheduled by March 2027.

* ZEN TECHNOLOGIES: The company secured two orders worth Rs.289 crore from the Ministry of Defence for upgrading anti-drone systems.

* TITAGARH RAIL: The company received a Rs.2,481 crore order from the Mumbai Metropolitan Region Development Authority (MMRDA) for a metro project.

* NLC INDIA: The company entered into a business transfer agreement with its subsidiary, NLC India Renewables, to hive off 1,430 MW of renewable assets.

* TRIVENI TURBINE: The company’s subsidiary acquired the remaining 30% stake in South Africa-based TSE Engineering for 11 million South African Rand.

* FACT: The company’s board granted in-principle approval for capital projects totaling Rs.6,350 crore

Economic News

* Canadian PM Carney refers to 'progress' with India amid tariff strains with US: Canada is strengthening international partnerships, particularly with India and Asia-Pacific nations. Prime Minister Mark Carney emphasised this strategy to reduce dependence on the United States. Recent discussions with India's foreign minister and other officials signal a renewed focus on trade and cooperation. This move aims to build domestic strength through global alliances.

Global News

* China’s factory growth cools in October amid tariff jitters and weak export demand: China’s factory growth slowed in October as new orders and output weakened amid tariff uncertainty. The RatingDog Manufacturing PMI eased to 50.6 from 51.2, below expectations. Except for employment, all indices fell. While hiring hit a 14-month high, export orders dropped sharply on weak global demand. Rising input costs and falling product prices squeezed margins. The government announced a ¥1 trillion support package to revive investment and local finances.

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.85%- 5.75% on Friday ended at 5.25% .

* The 10 year benchmark (6.33% GS 2035) closed at 6.5317% on Friday Vs 6.5730% on Thursday .

Global Debt Market:

U.S. Treasury yields ticked up on Friday amid a slightly more hawkish Fed tone following this week’s rate cut, as economic data comes into focus amid the ongoing government shutdown. The 10-year Treasury yield, the benchmark for U.S. government borrowing, was up about 1 basis point , reaching 4.103%. Yields on the 2-year Treasury note stood marginally lower, at 3.607%. The 30-year bond yield, meanwhile, rose almost 2 basis points to 4.665%. The Federal Reserve cut interest rates by 25 basis points to a target range of 3.75%-4%. the lowest level in three years in a 10-2 vote which had been widely anticipated by investors. Attention is likely to turn to the latest Chicago Purchasing Managers’ Index data, due later. Consensus expectations for the data, which tracks the pace of business activity in the Midwest, stands at 42 for the month of October, above the 40.6 in September’s release, which had been below market expectations. The four-week -old government shutdown means the U.S. central bank is still grappling with a data blackout, making economic forecasts tricky. That is putting companies’ earnings firmly in the spotlight, as investors look to get a better reading on consumer sentiment. Both Apple and Amazon exceeded analysts’ expectations in their quarterly earnings results on Thursday. Speeches by Beth Hammack, president of the Cleveland Fed, Lorie Logan president of the Dallas Fed, and Raphael Bostic, president of Atlanta’s Fed, are all due later. Fed Chairman Jerome Powell has warned that another rate cut in December is “far from” a “foregone conclusion.”

10 Year Benchmark Technical View :

The 10 year Benchmark (6.33% GS 2035) yield likely to move in the range of 6.56% to 6.58% level on Monday

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