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Stocks in News

* ITC HOTEL: Three major shareholders Tobacco Manufacturers, Myddleton Investment, and Rothmans International sold a combined 8.98% stake in the company, bringing their collective holding down to 6.26% after the transaction.

* WELSPUN CORP: The company’s subsidiary has secured a Rs.1,165 crore contract from the Saudi Water Authority for the supply of steel pipes.

* GR INFRA: The company obtained a provisional completion certificate for a section of the Vadodara–Mumbai Expressway.

* INDIGO: The company reported strong operational performance on Dec. 8, 2025, operating over 1,800 flights versus 1,650 the previous day, with a 90% on-time record across its network. Meanwhile, Moody’s downgraded IndiGo’s human-capital issuer score to 4 from 3, citing operational strain from slower hiring.

* SAMBHV STEEL TUBES: The company approved a Rs.50 crore expansion plan to enhance capacity for manufacturing stainless-steel cold rolled coils and pre -galvanised coils.

* PHYSISWALLAH: The company approved a total investment of about Rs.488 crore across its subsidiaries, allocating Rs.400 crore to Penpencil Edu Services, Rs.20 crore to Finz Fintech, Rs.50 crore to Finz Finance, and $2 million to Knowledge Planet Holding.

* RELIANCE POWER: The company has approved the reclassification of Reliance Capital from the promoter group to the public shareholder category.

* UFLEX: The company has launched ‘Project Plastic Fix,’ a four-pronged initiative aimed at transforming plastic waste into valuable, reusable resources.

* TCC CONCEPT: The company approved the allotment of 1 crore shares on a preferential basis, valued at Rs.592 crore, to Pepperfry.

Economic News

India’s inflation stays near record lows despite a mild November uptick: India’s inflation likely inched up to 0.70% in November from 0.25% in October, driven by fading base effects and a seasonal rise in food prices, though it remains near multi-year lows and well below the RBI’s 4% target for the 10th straight month. Economists note that broad food price moderation seen this year helped by strong supplies and favourable cropping cycles continues to keep inflation benign despite a recent uptick in items like tomatoes. With the RBI cutting rates by 25 bps and signalling room to support growth, inflation is expected to stay below 4% till Q2 next year, and the central bank now projects FY inflation at 2.0%. Core inflation likely held steady at around 4.39% in November, while WPI is estimated to have fallen 0.60% year-on-year.

Global News

* China’s trade surplus hits $1 trillion as exports surge beyond the U.S. market: China’s trade surplus crossed $1 trillion for the first time as exporters redirected shipments away from the U.S. and toward Europe, Australia, and Southeast Asia, helping November exports grow 5.9% despite a 29% plunge in U.S.-bound shipments amid tariffs averaging 47.5%. Strong demand for electronics and machinery, diversified export hubs, and resilient global market share supported the rebound, lifting November’s surplus to $111.7 billion. However, domestic demand remains weak due to the property slump, imports grew only modestly, and factory activity stayed in contraction, highlighting China’s challenge of reducing reliance on exports as policymakers push for a shift toward consumption-driven growth.

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.50%- 5.60% on Monday ended at 5.20%.

* The 10 year benchmark (6.48% GS 2035) closed at 6.5342% on Monday Vs 6.4944% on Friday .

Global Debt Market:

U.S. Treasury yields held steady Monday as bets continued to rise on expectations of an interest rate cut at the Federal Reserve’s meeting on Wednesday. The 10-year Treasury yield was flat at 4.141%, while the 30-year Treasury yield was also little changed at 4.794%. The 2-year Treasury yield was little changed at 3.561%. Markets are expecting that the Fed will cut its key interest rate at its final meeting of the year, with traders pricing in around an 87% chance of a 25-basis-point cut when the central bank concludes its two-day meeting. Investors priced in a near 67% chance of a cut one month ago, per the CME FedWatch tool. On Friday, Morgan Stanley reversed its December call to a quarter-percentage point cut, with strategists saying “it seems we jumped the gun.” JPMorgan and Bank of America are also forecasting a cut based on more recent dovishness from Fed officials. It follows last week’s data releases from payroll processor ADP, which reported a surprising decline in private payrolls, and the Labor Department, which showed jobless claims for the week ended Nov. 29 fell to the lowest level since September 2022. Elsewhere, Treasury Secretary Scott Bessent said on Sunday that the holiday season has been “very strong,” suggesting that the U.S. economy would end the year on a strong footing. “The economy has been better than we thought. We’ve had 4% GDP growth in a couple of quarters,” he said in an interview on CBS News’ ‘Face the Nation.’ “We’re going to finish the year, despite the Schumer shutdown, with 3% real GDP growth.” Across the Atlantic, European central banks will also be watching the Fed’s decision as their own final policy meetings take place this week and next.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.52% to 6.54% level on Tuesday.

SEBI Registration number is INH000000081.

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