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Stocks in News

* PHARMA STOCK: Pharma stocks like Gland Pharma, Aurobindo, Dr. Reddy's, Zydus, Lupin, Glenmark, Sun Pharma, Cipla, and Torrent may be in focus after U.S. President Trump threatened 200% tariffs on pharmaceutical imports.

* GUJARAT PIPAVAV: The company reported a 0.6% YoY dip in container cargo volume to 1.64 lakh TEUs, stable dry bulk cargo at 0.55 MMT, and a notable rise in liquid cargo volume to 0.41 MMT from 0.34 MMT YoY in Q1.

* ASHOKA BUILDCON: The company’s subsidiary has submitted ?1,391 crore financing documents to NHAI for developing a four-lane corridor.

* EPACK DURABLE: The company has started commercial production of washing machines at its Andhra Pradesh plant, strengthening EPACK’s presence in white goods and supporting long-term revenue growth.

* QUALITY POWER: The company has signed a term sheet to increase its stake in Nebeskie Labs from 14.5% to 26%.

* OLA ELECTRIC: The company has announced the mass rollout of MoveOS 5, its in-house software developed for the S1 scooters and newly launched Roadster X motorcycles.

* TATA MOTORS: Global wholesales, including Jaguar Land Rover, declined 9% YoY to nearly 3 lakh units, with commercial vehicles (including Tata Daewoo) down 6% at 87,569 units and passenger vehicles falling 10% to 1.25 lakh units.

* SUPREME INDUSTRIES: The company has secured a ?54 crore order from BPCL to supply 2,00,000 units of 10 Kg composite LPG cylinders.

* PURVANKARA: The company has been chosen to redevelop eight residential societies in Mumbai, with an estimated gross development value of ?2,100 crore.

* BAJEL PROJECTS: The company is investing ?170 crore to expand its Ranjangaon facility, increasing galvanisation capacity from 40,500 MTPA to 1.1 lakh MTPA to meet internal demand and market sales.

* NBCC: The company has received RBI approval to invest AED 1 million in its overseas arm, NBCC Overseas Real Estate LLC

Economic News

* Cost of home-cooked thalis declines in June (YoY) but edges up on month-to-month basis: Home-cooked meals became more affordable in June compared to last year, primarily due to significantly lower vegetable prices, according to Crisil Intelligence. Vegetarian thalis saw an 8% year-on-year price drop, while non-vegetarian thalis decreased by nearly 6%. However, month-on-month, both vegetarian and non-vegetarian thalis became costlier, driven by rising tomato and broiler chicken prices, indicating ongoing food inflation volatility.

Global News

* Trump threatens to impose 10% additional tariff on nations backing 'anti -American' BRICS: Donald Trump has issued a warning to BRICS member countries. He stated that any nation aligning with 'anti-American' policies will face a 10% tariff. This announcement was made on Truth Social. Trump's message was direct. He mentioned that there would be no exceptions to this policy. The move signals a potential shift in US trade relations with BRICS nations.

Technical Snapshot

Key Highlights:

NIFTY SPOT: 25522.5 (0.24%)

TRADING ZONE:

Resistance :25600 (Pivot Level) and 25700 (Key Resistance).

Support: 25300 (Pivot Level) and 25200 (Key Support).

BROADER MARKET: UNDERPERFORMED

MIDCAP 150: 59415.45 (-0.17%), SMALLCAP 250: 18895.2 (-0.29%)

VIEW: Bullish till above 25200 (Key Support).

BANKNIFTY SPOT: 57256.3 (0.54%)

TRADING ZONE:

Resistance: 57500 (Pivot Level) / 58000 (Key Resistance)

Support: 56500 (Pivot Level) / 56000 (Key Support).

VIEW: Bullish till above 56000 (Key Support).

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.70% - 5.35% on Tuesday ended at 5.00%.

* The 10 year benchmark (6.33% GS 2035) closed at 6.3053% on Tuesday Vs 6.2933% on Monday .

Global Debt Market:

U.S. Treasury yields were flat on Tuesday as investors continue to assess the aftermath of President Donald Trump’s tariff letters threatening steep duties on several countries including key allies. The benchmark 10-year yield was up over 1 basis point to 4.413% and the 30-year bond yield was up 2 basis points to 4.951%. The 2 -year Treasury yield added less than one basis point to 3.909%. President Donald Trump announced Monday that steep new tariffs will take effect on imports from 14 countries beginning Aug. 1. In a flurry of social media posts, he published screenshots of letters addressed to leaders in Japan, South Korea, Malaysia, Kazakhstan, South Africa, Laos and Myanmar, outlining the new trade measures. A second batch of letters later targeted Bosnia and Herzegovina, Tunisia, Indonesia, Bangladesh, Serbia, Cambodia and Thailand. Japan is set to face a hike in the “reciprocal” tariff rate first announced by Trump in April. The White House said Japanese goods entering the U.S. will be hit with a 25% tariff starting Aug. 1, up from the previously announced 24%. That said, Trump had said he was open to more negotiations. However, the threat of higher tariffs is creating headwinds for U.S. investment sentiment and increasing uncertainty about U.S. inflation, said David Kohl, chief economist at Julius Baer. The ongoing threat of higher tariffs intensifies stagflationary risks in the U.S. and puts pressure on Europe to stimulate domestic demand as a means to offset headwinds in international trade, Kohl wrote in a note.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.33% GS 2035) yield likely to move in the range of 6.30% to 6.3150% level on Wednesday

SEBI Registration number is INH000000081.

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