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Stocks in News

* NTPC GREEN: The company's subsidiary has won the bid in SECI's EReverse auction for a 70,000 MT per annum green ammonia capacity.

* SMARTWORK COWORKING SPACE: The company has disclosed pending litigation related to its initial public offering of equity shares.

* THE INDIAN HOTEL COMPANY: The company has been fined Rs.93.27 crore for unpaid property taxes.

* BEML: The company secured a Rs.282 crore order from the Ministry of Defence for supplying HMV 8X8 vehicles. Additionally, the board announced a non-binding MoU between BEML and TuTr Hyperloop to develop and deploy advanced high-speed mobility and transportation technologies.

* GUJARAT STATE FERTILIZER AND CHEMICAL: The company announced the resignation of Kamal Dayani as Managing Director, effective August 1.

* QALITY POWER ELECTRICAL EQUIPMENT: The company has received an export order worth Rs.11.5 crore for supplying oil-filled current limiting reactors to the US.

* INFO EDGE: The company will invest Rs.25 crore in its wholly owned subsidiary, Startup Investments, to explore investment opportunities and meet general corporate purposes.

* TRIVENI TURBINE: The company launched India’s first CO?-based hightemperature heat pump, delivering heat up to 122°C with a Coefficient of Performance of 6.

Economic News

* India’s GDP growth to slow down to 6.2% in FY26, says Kotak Bank Chairman: Kotak Bank anticipates India's GDP growth to decelerate to 6.2% in FY26 due to the impact of US tariffs, creating economic uncertainty. High-frequency indicators reveal a softening in economic activity, mirrored by a slowdown in credit growth. Despite this, India's economy demonstrated resilience in FY25, supported by strong fundamentals and proactive policies, with inflation trending favorably

Global News

* China’s factory slump deepens as weak demand and export pressure push policymakers toward consumer-driven reforms: China’s manufacturing activity contracted for the fourth consecutive month in July, with the official PMI falling to 49.3 from 49.7 in June — the lowest since April and below the 50-mark that signals growth. This reflects fading export momentum following earlier tariff-driven demand and continued sluggish domestic consumption. New orders turned negative, export orders contracted for the 15th straight month, and employment remained weak as companies cut costs. Although output prices rose, suggesting attempts to counter price wars, structural challenges persist — including overcapacity, a prolonged property market slump, and tepid household demand. Despite a Q2 GDP growth of 5.2% and IMF raising the full-year forecast to 4.8%, concerns remain. In response, China’s leadership has pledged to curb disorderly competition, support foreign trade firms with better financing, and shift toward consumption-led growth. Measures like a new childcare subsidy of 3,600 yuan annually until age three mark early steps toward this transition. Analysts stress the need for sustained reforms to reduce dependence on exports and stimulate domestic demand for long-term economic stability.

Technical Snapshot

Key Highlights:

NIFTY SPOT: 24722.75 (0.64%)

TRADING ZONE:

Resistance : 24800 (Pivot Level) and 24950 (Key Resistance).

Support: 24600 (Pivot Level) and 24500 (Key Support).

BROADER MARKET: OUTPERFORMED

MIDCAP 150: 57432.35 (1.4%), SMALLCAP 250: 17893.4 (1.27%)

VIEW: Bearish till Below 24950 (Key Resistance).

BANKNIFTY SPOT: 55619.35 (0%)

TRADING ZONE:

Resistance: 56200 (Pivot Level) / 56800 (Key Resistance)

Support: 55300 (Pivot Level) / 55000 (Key Support).

VIEW: Bearish till below 56800 (Key Resistance

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.85% - 5.55% on Monday ended at 4.95%.

* The 10 year benchmark (6.33% GS 2035) closed at 6.3179% on Monday Vs 6.3680% on Friday .

Global Debt Market:

U.S. Treasury yields moved higher on Monday as investors worried about the state of the U.S. economy and President Donald Trump’s latest tariff rates. At 6:19 a.m. ET, the 10-year Treasury yield was up over 2 basis points to 4.241%, while the 30-year note was higher by 4 basis points at 4.84%. The 2-year Treasury note was flat at 3.704%. July’s weaker-than-expected jobs report is still in focus as investors worry about the impact of a weakened labour market on the economy. The Bureau of Labour Statistics revised down the total jobs figures for May and June, slashing a combined 258,000 from previous figures. Trump then fired BLS commissioner Erika McEntarfer, accusing her of political bias and data manipulation. Additionally, Federal Reserve Governor Adriana Kugler announced she’s resigning on Friday, which will enable Trump to put forward a nominee for the board, at a time when he’s pushing for lower interest rates. Investors will also monitor trade developments after Trump signed an executive order on Thursday hours before his tariff deadline which modified tariffs on dozens of countries with rates ranging from 10% to 41%. It’s quiet on the economic data front this week. June’s factory orders data is due on Monday, the purchasing managers’ index for July will be released on Tuesday, and weekly initial jobless claims on Thursday.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.33% GS 2035) yield likely to move in the range of 6.3050% to 6.3275% level on Tuesday.

SEBI Registration number is INH000000081.

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