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Stocks in News

* GE SHIPPING: The company plans to expand its fleet by acquiring a secondhand Kamsarmax dry bulk carrier.

* POLYCAB INDIA: The company has received an income tax notice demanding Rs.327 crore, which the management believes is significantly inflated due to clerical errors.

* BSE: The exchange has received approval from Securities and Exchange Board of India to launch new derivative contracts on the Sensex Next 30 index.

* LTIMINDTREE: The company has been recognized by NelsonHall as a leader in GenAI and process automation solutions for the banking sector.

* ARKADE DEVELOPERS: The company has renamed its subsidiary Arkade 360 Facility Management to Assist 360 Facility Management.

* RAMKY INFRA: The company has secured a major EPC order worth Rs.1,402 crore from Maharashtra Industrial Township Ltd for infrastructure development works at the Dighi Port Industrial Area.

* DABUR: The company will acquire a minority stake in luxury skincare D2C brand RAS Beauty for Rs 60 crore.

* DLF: The company clarifies that reports of a Supreme Court-ordered CBI probe are misleading; the court has directed an inquiry into specific supply issues (water/power) at a Gurgaon project involving five allottees.

* GUJARAT GAS: The company issues Force Majeure notices to industrial customers due to severe constraints in R-LNG availability, citing war-related impacts not covered by insurance.

* UPL: The company has uploaded the official scheme of arrangement along with the joint valuation report and fairness opinion for its restructuring.

* VENUS REMEDIES: Promoters approve the merger of Sunev Pharma Solutions and Spine Software Systems with the company.

Economic News

• India's services growth moderated in February as cost pressures mount, PMI shows: India's services sector growth slowed in February, with new business rising at its slowest pace in over a year due to intensifying competition. Despite this, international sales surged, and firms passed on rising costs, primarily from food, energy, and labor, to customers. Overall private sector growth accelerated, driven by a brighter outlook and increased hiring.

Global News

• China sets 4.5%–5% GDP growth target for 2026, prioritising AI, tech innovation, and defence spending: China plans to deepen investment in high-tech industries, AI, and scientific innovation to boost self-reliance amid rising geopolitical tensions and its rivalry with the U.S. At the annual parliament meeting, Premier Li Qiang set China’s 2026 GDP growth target at 4.5%– 5% (slightly lower than last year’s 5%), while announcing 7% increases in defence and R&D spending under the upcoming 15th Five-Year Plan. The strategy focuses on strengthening advanced manufacturing, semiconductors, and the digital economy targeting 12.5% GDP contribution from core digital industries while managing weak domestic demand, property sector stress, and local government debt. Beijing will maintain a 4% fiscal deficit, continue large debt issuance, and modestly increase social spending, but analysts say policy will still prioritize industrial upgrading and technological leadership over household consumption to support long-term economic security.

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.50%- 5.20% on Wednesday ended at 4.70%.

* The 10 year benchmark (6.48% GS 2035) closed at 6.6732% on Wednesday Vs 6.6753% on Monday.

Global Debt Market:

European stocks opened higher on Wednesday as markets continue to track the war in the Middle East. The regional Stoxx 600 was up 0.6% shortly after the opening bell. London’s FTSE 100 was up 0.1%, while Germany’s DAX and France’s CAC 40 were up roughly 0.5%.Meanwhile, Spain’s IBEX 35 was trading just below the flatline after U.S. President Donald Trump threatened to cut off all trade with the country. Spain had declined to allow U.S. forces to use its bases for strikes on Iran. Regional stocks had traded sharply lower on Tuesday as the conflict continued to weigh on global investor sentiment. Banking, insurance, travel and leisure, and utilities stocks led losses. The higher open in Europe on Wednesday comes as U.S. and Israeli attacks on Iran continued overnight with Western countries trying to organize evacuation flights for their citizens in the region. Oil prices eased Tuesday in extended trading, however, after President Donald Trump said the U.S. would provide insurance to tankers in the Persian Gulf to get maritime traffic moving through the Strait of Hormuz. He also said the Navy will escort tankers in the region, if necessary.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.66% to 6.6850% level on Thursday.

SEBI Registration number is INH000000081.

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