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Stocks in News

* AFCONS INFRASTRUCTURE: The company secured a Rs.576 crore order for civil and allied infrastructure works.

* NTPC GREEN ENERGY: The company’s subsidiary signed an MoU with the Gujarat government to develop solar and wind energy projects.

* LEMON TREE HOTEL: The company launched a new 50-room property in Rajasthan.

* NATCO PHARMA: The company reported that the Delhi High Court dismissed an appeal by F. Hoffmann-La Roche AG, allowing the launch of a generic version of Risdiplam at Rs.15,900.

* RAJESH POWER SERVICES : The company signed a Rs.4,754 crore pact with the Gujarat government, creating over 33,000 jobs in the state.

* AMBER ENTERPRISES: The company’s subsidiary, IL JIN Electronics (India), acquired 56 lakh shares of Unitronics via ILJIN Holding for NIS 156 million.

* SAMMAAN CAPITAL: The company approved the issuance of $450 million 7.5% senior secured social bonds due 2030.

* RAILTEL CORP: The company received a Letter of Intent worth Rs.18.2 crore from a Karnataka authority.

* MUTHOOT MICROFIN: The company allotted 1,500 bonds worth up to $15 million via private placement.

* SHRI LOTUS DEVELOPERS: The board approved forming five subsidiaries, each with up to Rs.100 crore investment, to expand the business.

* TATA CONSULTANCY SERVICES: The company approved setting up a wholly -owned subsidiary in India to establish multiple AI and sovereign data centers.

* TATA MOTORS: The company’s commercial vehicles business was demerged into TMLCV, while its passenger vehicles business is amalgamated, effective October 1.

Economic News

* Assets under management of NPS and APY cross Rs 16 lakh crore-mark: India's combined pension schemes, NPS and APY, have surpassed Rs 16 lakh crore in Assets Under Management, with a subscriber base exceeding 9 crore. PFRDA is introducing initiatives like the Multiple Scheme Framework and a NPS Platform Workers Model to enhance investment choices and expand coverage, particularly for informal sector participants.

Global News

* Japan's wholesale prices stay elevated, keeping BOJ cautious on further rate hikes.: Japan’s wholesale prices rose 2.7% year-on-year in September, steady from August and above forecasts of 2.5%, reflecting persistent cost pressures that may keep the BOJ cautious on interest rates. The corporate goods price index, tracking intercompany prices, rose while the yen-based import price index fell 0.8%, easing from August’s 3.9% drop. Food and beverage costs increased 4.7%, and agricultural goods, including rice, surged 30.5%, moderating from 41% in August. The BOJ monitors wholesale prices as a leading inflation indicator; despite consumer inflation staying above 2% for years, Governor Ueda continues to advocate a cautious approach to further rate hikes to ensure growth is demand-driven rather than cost-pushed.

Government Security Market :

* The Inter-bank call money rate traded in the range of 4.75%- 6.00% on Thursday ended at 4.95% .

* The 10 year benchmark (6.33% GS 2035) closed at 6.5239% on Thursday Vs 6.5030% on Wednesday .

Global Debt Market:

The Schwab U.S. TIPS ETF has attracted more than $2 billion so far this year "Tariff increases were still expected to raise inflation this year," according to minutes of the Fed's September meeting released on Wednesday. Inflation worries are lingering on the minds of investors, even if Treasury yields were little changed Wednesday by the release of minutes from the Federal Reserve's last policy meeting. U.S. inflation is "sticky," with tariffs pushing up "core goods" prices, said Anthony Woodside, head of investment strategy and head of multisector fixed income at L&G-Asset Management, America, in an interview. Services inflation appears "benign," he said, but "we expect core goods inflation to continue to accelerate." Minutes of the Fed's September meeting, released Wednesday afternoon, pointed to a central bank still concerned about elevated inflation but willing to cut its interest rates after a softening labor market shifted the balance of risks. The Federal Open Market Committee, which decided last month to lower the Fed's benchmark rate to a target range of 4% to 4.25%, will next meet in late October. "Tariffs were the most talked-about topic during the latest Fed meeting, "Jeffrey Roach, chief economist for LPL Financial, said in emailed commentary on the minutes of the FOMC meeting held Sept. 16-17. The yield on the Fed policy-sensitive 2- year Treasury note BX:TMUBMUSD02Yedged up 1.1 basis points on Wednesday to 3.581%, according to Dow Jones Market Data. But the yield has fallen 66.7 basis points this year, as investors anticipate that the Fed may continue cutting rates this year.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.33% GS 2035) yield likely to move in the range of 6.51% to 6.53% level on Friday.

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