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Stocks in News

* JASH ENGINEERING: As of August 1, the company’s consolidated order book stood at Rs.875 crore, with Rs.78 crore worth of new orders added in July 2025.

* MOIL: In July, the company produced 1.45 lakh tonnes of manganese ore, up 11.4% YoY. However, sales for April–July stood at 4.53 lakh tonnes, down from 5.02 lakh tonnes in the same period last year.

* ENVIRO INFRA ENGINEERING: The company secured cumulative orders worth Rs.1,178.3 crore from various government authorities for water treatment, sewage treatment, and common effluent treatment plants.

* LEMONTREE: The company opened Lemon Tree Hotel in Chandausi, marking its eighth property in Uttar Pradesh.

* NESCO: The company received a notice from BMC for unpaid assessment tax and a penalty totaling Rs.2.59 crore for FY 2015–16 to FY 2025–26.

* GLENMARK PHARMACEUTICALS: The company’s US arm is facing antitrust lawsuits and has agreed to a $37.75 million settlement with the direct purchaser class, without admitting any liability.

* PURAVANKARA: The company’s arm received a letter of intent worth Rs.83.51 crore from Krishil WhiteAlpha for civil construction work on the commercial project Luxon.

* WAREE ENERGIES: The company, as promoter of Indosolar, is selling 12.5 lakh shares (3% stake) through an offer for sale to meet minimum public shareholding norms.

* MEDPLUS HEALTH SERVICES: The company’s arm, Optival Health Solutions, received eight suspension orders for drug licenses across various stores.

Economic News

* RBI keeps repo rate unchanged at 5.5%: This marks the first status quo under Governor Sanjay Malhotra, who took office earlier this year. The RBI lowered its FY26 inflation forecast to 3.1% from 3.7% earlier, while retaining the growth projection at 6.5%. Speaking to the media, Malhotra said there wasn’t enough data to revise gross domestic production (GDP) forecasts and noted, “India is less dependent on the outside so far as inflation is concerned.

* Manufacturing & labour-intensive sectors to bear brunt, say experts: US tariffs on India, potentially reaching 50%, pose a significant threat to laborintensive sectors like gems, textiles, and leather, potentially impacting hiring. Experts warn of a possible drag on India's FY26 GDP growth, potentially falling below 6%. The increased tariffs are also expected to exert downward pressure on the rupee.

Global News

* US trade gap skids to 2-year low; tariffs exert pressure on service sector: The U.S. trade deficit with China fell sharply by one-third to $9.5 billion in June its lowest since 2004 marking a 70% decline over five months, driven by a steep drop in Chinese imports due to 30% tariffs. Trade gaps with Canada and Germany also narrowed to multi-year lows, while surpluses with Taiwan and Vietnam hit records. As tariff tensions persist, domestic services activity stalled in July, with the ISM services PMI slipping to 50.1 and employment contracting for the fourth time in five months. Rising input costs pushed the prices paid index to a near three-year high, raising inflationary concerns, especially as goods prices start climbing and stagflation risks emerge. Businesses continue to cite tariff uncertainty as a key reason for project delays and cancellations.

Technical Snapshot

Key Highlights:

NIFTY SPOT: 24574.2 (-0.31%)

TRADING ZONE: Resistance : 24700 (Pivot Level) and 24800 (Key Resistance).

Support: 24500 (Pivot Level) and 24400 (Key Support).

BROADER MARKET: UNDERPERFORMED

MIDCAP 150: 56749.75 (-0.8%),SMALLCAP 250: 17662.6 (-1.13%) VIEW: Bearish till Below 24800 (Key Resistance).

BANKNIFTY SPOT: 55411.15 (0.09%)

TRADING ZONE: Resistance: 56000 (Pivot Level) / 56600 (Key Resistance)

Support: 55000 (Pivot Level) / 54700 (Key Support).

VIEW: Bearish till below 56600 (Key Resistance)

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.75% - 5.50% on Wednesday ended at 4.90%.

* The 10 year benchmark (6.33% GS 2035) closed at 6.4162% on Wednesday Vs 6.3321% on Tuesday .

Global Debt Market:

The 10-year Treasury yield rose ahead of $67 billion in bond auctions by the Treasury department this week. At around 5:10 a.m. ET, the benchmark 10-year note yield was up 4 basis points at 4.24%, while the 30-year Treasury bond yield climbed more than 5 basis points to 4.82%. The Treasury department is expected to sell $42 billion of 10-year notes on Wednesday and $25 billion of 30 -year bonds. The rise in yields come after the prices portion of a key service sector survey was stronger than expected and as investors weighed developments tied to President Donald Trump’s tariff policy. The ISM non-manufacturing purchasing managers’ index fell to 50.1 in July, below the 51.2 that had been seen by economists polled by Dow Jones ahead of the survey and below the 50.8 reading in June. Notably, the prices index within the service survey showed a rise of 2.4 points to 69.9. New export orders fell 3.2 points to 47.9, imports tumbled 5.8 points to 45.9 and the employment index slipped further into a contraction, falling 0.8 point to 46.4. Deutsche Bank’s analysts said the ISM data was “worrisome.” They added that it “raised renewed concerns that tariffs were pushing the US economy in a more stagflationary direction, complicating the Fed’s job in the process.” While there’s no economic data of note expected Wednesday, traders will follow speeches by Federal Reserve officials, including Boston Fed President Susan Collins and San Francisco Fed President Mary Daly during the day

10 Year Benchmark Technical View :

The 10 year Benchmark (6.33% GS 2035) yield likely to move in the range of 6.41% to 6.4250% level on Thursday.

SEBI Registration number is INH000000081.

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