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Stocks in News

* THIRUMALAI CHEMICALS: The company’s maleic anhydride unit outage is lasting longer than expected due to unresolved machinery failure, resulting in an estimated Rs.118 crore revenue loss in FY26, compared to the segment’s Rs.235 crore contribution in FY25.

* DYNAMATIC TECHNOLOGIES: The company signed a pact with Dassault Aviation to manufacture the complete rear fuselage for the Falcon 6X, Dassault’s latest business jet.

* MTAR TECHNOLOGIES: The company won Rs.194 crore in civil nuclear orders as part of the confirmed Rs.504 crore package for the Kaiga 5 and 6 reactors.

* ASHOKA BUILDCON: The company received an additional Rs.447 crore order from BMC for a flyover project, raising the total project cost to Rs.1,574 crore.

* INFOSYS: Shareholders approved merging its step-down units Infosys Romania and ProIT S.R.L RO Romania as part of internal restructuring, while the company also received a Rs.23 lakh GST penalty order.

* PG ELECTROPLAST: The company said the HDFC Sky article contains incorrect and unverified claims, reaffirming that its disclosures and financials are fully compliant and accurate.

* PN GADGIL JEWELLERS: The company opened a new store at Kankarbagh Main Road in Patna, Bihar, taking its total store count to 65.

* MEDPLUS HEALTH: The company’s subsidiary received a two-day druglicense suspension under the Drugs & Cosmetics Rules, with an estimated revenue impact of about Rs.0.87 lakh.

* BLS INTERNATIONAL: The company’s subsidiary acquired a 100% stake in BLS International LLC in the Republic of Armenia.

* BIOCON: The company’s subsidiary received USFDA tentative approval for carbidopa and levodopa capsules used to treat Parkinson’s disease.

Economic News

* Govt promises time-bound fixes after ORR firms flag mobility, Infra gaps: Industry leaders met with IT-BT minister Priyank Kharge regarding Outer Ring Road infrastructure issues. Concerns included metro connectivity, service roads, traffic, and telecom disruptions. Kharge assured prompt action and pledged Rs 450 crore for road upgrades. The government will also replicate this engagement model for other business corridors. Improved coordination among agencies is expected to speed up solutions.

Global News

* Japan’s steep drop in household spending clouds outlook ahead of BOJ’s expected rate hike: Japan’s household spending dropped 3% YoY in October its steepest fall in nearly two years raising concerns about the economic outlook just as the Bank of Japan weighs a December rate hike. The decline, driven by reduced spending on food, entertainment, and auto-related items, also marked a 3.5% MoM drop against expectations of growth. While officials say consumption remains in a recovery phase, the data adds uncertainty to the BOJ’s policy path. Despite inflation and a weak yen pushing the board toward a December hike, economists warn that soft consumption could limit future increases and may even trigger further yen depreciation if markets sense tightening will stall.

Technical Snapshot

Key Highlights:

NIFTY SPOT: 26186.45 (0.59%)

TRADING ZONE:

Resistance: 26325 (Life High) and 26450 (Key Resistance).

Support: 26050 (Pivot Level) and 25900 (Key Support).

BROADER MARKET: MIXED MIDCAP 150: 60594.6 (0.49%),

SMALLCAP 250: 17507.75 (-0.57%)

VIEW: Bullish till above 25900 (Key Support).

BANKNIFTY SPOT: 59777.2 (0.82%)

TRADING ZONE:

Resistance: 60114 (Life High) / 60500 (Key Resistance)

Support: 59400 (Pivot Level) / 59000 (Key Support)

VIEW: Bullish till above 59000 (Key Support)

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.60%- 5.50% on Friday ended at 5.00%.

* The 10 year benchmark (6.48% GS 2035) closed at 6.4944% on Friday Vs 6.5132% on Thursday .

Global Debt Market

U.S. Treasury yields moved lower on Friday as investors awaited a key inflation report from September and looked ahead to the Federal Reserve’s meeting next week. At 4:35 a.m. ET, the 10-year Treasury yield fell by less than a basis point to 4.104%, while the 30-year Treasury yield was little changed at 4.763%. The 2-year Treasury yield was also flat at 3.523%. The key data point on Friday will be the delayed personal consumption expenditures index for September, known as the Fed’s preferred inflation gauge, which investors will parse through for insights on the state of the U.S. economy. This will be the first PCE report since the 43-day U.S. government shutdown. The University of Michigan will also release its consumer sentiment survey for December on Friday. Investors are looking for signs of a softening labor market, which could influence the Fed to lower interest rates at its Federal Open Market Committee meeting from December 9-10 next week. One report from job placement firm Challenger, Gray & Christmas showed that layoffs, AI and tariffs contributed to job cuts soaring to over 1 million for the year. Meanwhile, the ADP report on Wednesday recorded a decline in private payrolls, with private companies cutting 32,000 workers in November. However, weekly jobless claims fell to 191,000 for the week ending Nov. 29, the lowest since September 2022. Economists had expected new jobless claims of 220,000 in the latest week. Traders are currently pricing in an 87% chance of a quarter point cut next Wednesday, according to the CME FedWatch tool.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.48% to 6.51% level on Monday.

SEBI Registration number is INH000000081.

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