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Stocks in News

* TCS: The company signed a 5-year deal with UK-based supermarket chain Morrisons to enhance customer experience.

* PREMIER EXLOSIVES: The company is facing a SEBI inquiry for suspected insider trading and will respond within the stipulated timeframe.

* BRIGADE ENTERPRISES: The company’s flexible workspace brand, BuzzWorks, partnered with Frido to improve workplace comfort and wellness.

* TATA STEEL: The company entered into an asset transfer agreement with Indian Metals & Ferro Alloys to sell its ferro alloy plant at Jajpur.

* ASSOCIATE ALCOHOLS: The company will join the resolution process of SDF Industries to expand its IMFL bottling capacity in Kerala.

* MOSIL: The company’s October manganese ore output rose 9.1% YoY to 1.6 lakh tonnes, while April–October production grew 8.5% YoY to 11.04 lakh tonnes, achieving a record exploratory drilling of 57,275 meters.

* RELIANCE COMMUNICATIONS: The company received provisional attachment orders from the Enforcement Directorate for assets of its subsidiaries, Campion Properties (CPL) and Reliance Realty (RRL).

* KIRLOSKAR BROTHER: The company received NCLT approval for the amalgamation of its subsidiaries, The Kolhapur Steel and Karad Projects and Motors.

* RELIANCE POWER: The company clarified that business operations of Reliance Infrastructure and Reliance Power remain unaffected and reaffirmed its commitment to protect the interests of over 50 lakh retail shareholders. It stated that most ED-attached assets belong to Reliance Communications, under resolution since 2019, and emphasized that Reliance Infrastructure has zero bank debt.

Economic News

* People-to-people ties, labour mobility key to India–New Zealand FTA, says PM Luxon: New Zealand's Prime Minister Christopher Luxon highlighted that people-to-people connections and labor mobility discussions are central to the proposed free trade agreement with India. He indicated New Zealand is open to welcoming more overseas individuals, including students. Both nations see significant benefits from the deal, with potential for growth in defense, security, and space sectors.

Global News

* U.S. household debt rises modestly as student loan delinquencies surge and income divide widens: U.S. household debt rose modestly by 1% ($197 billion) in Q3 2025 to $18.6 trillion, driven by higher mortgage, credit card, and student loan balances, according to the New York Fed. Mortgage debt climbed to $13.1 trillion, credit card balances hit $1.23 trillion, and student loans rose to $1.65 trillion, while auto loans remained stable at $1.66 trillion. Delinquency rates largely stabilized, with 4.5% of total debt in some form of distress. However, student loans showed the sharpest deterioration, with 14.3% of accounts moving into serious delinquency amid the repayment restart. The Fed noted that household balance sheets remain generally strong, but rising unemployment, especially among younger and lower-income groups, could pressure delinquencies. Fed Chair Jerome Powell highlighted an emerging economic divide affluent consumers continue spending, while lower -income households are cutting back and trading down. Researchers added that older borrowers with home equity and investments remain financially stable, whereas younger borrowers are experiencing rising financial stress.

Technical Snapshot

Key Highlights:

NIFTY SPOT: 25597.65 (-1.08%)

TRADING ZONE:

Resistance:25800 (Multiple Touches) and 25900 (Key Resistance).

Support:25500 (Pivot Level) and 25400 (Key Support).

BROADER MARKET: Inline

MIDCAP 150: 60037.2 (-0.1%), SMALLCAP 250: 18360.9 (-0.59%)

VIEW: BULLISH TILL ABOVE 25400 (Key Support).

BANKNIFTY SPOT: 57827.05 (-0.35%)

TRADING ZONE:

Resistance: 58300 (Pivot Level) / 58600 (Key Resistance)

Support: 57500 (Pivot Level) / 57000 (Key Support)

VIEW:BULLISH TILL ABOVE 57000 (Key Support)

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.75%- 5.55% on Tuesday ended at 5.00%.

* The 10 year benchmark (6.33% GS 2035) closed at 6.5279% on Tuesday Vs 6.5343% on Monday

Global Debt Market:

The 10-year Treasury yield fell Tuesday as investors weighed the state of the economy and looked ahead to a speech by Federal Reserve Vice Chair for Supervision Michelle Bowman. The benchmark yield fell around 2 basis point to 4.085%. The 2-year Treasury note yield also fell over 2 basis point to 3.57%. The 30-year bond yield was more than 2 basis points lower at 4.667%. The U.S. government shutdown will likely continue this week, delaying the release of the JOLTS report, Commonwealth Bank of Australia wrote in a daily note. Investors have been struggling to assess economic conditions due to delayed reports, including the U.S. jobs report for October, with attention instead shifting to the ADP payrolls data. In other economic news, the ISM manufacturing index for October fell short of expectations, coming in at 48.7% instead of the forecasted 49.3%.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.33% GS 2035) yield likely to move in the range of 6.5050% to 6.5250% level on Thursday

SEBI Registration number is INH000000081.

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