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Stocks in News

* BAJAJ AUTO: The company will pass on the full GST reduction to customers, offering price cuts of up to Rs 20,000 on two-wheelers and up to Rs 24,000 on three-wheelers.

* CUPID: The company has signed a term sheet to acquire a strategic stake in Mansam, a Saudi Arabian luxury fragrance brand established in 2022.

* HEG: Bhilwara Energy, the company’s associate, has acquired the remaining 49% stake in Malana Power Company Ltd from Statkraft, becoming its sole owner, and approved a preferential allotment of 1.7 crore shares at Rs 142.08 per share to Singularity Growth Opportunities Fund II and other investors.

* EICHER MOTORS: Royal Enfield will pass on the full GST benefit to customers by reducing prices by up to Rs 22,000 across its entire 350 cc range.

* MAHINDRA AND MAHINDRA: The company’s August exports grew 15% to 3,575 units, while sales declined 1% to 74,027 units year-on-year.

* BLUEJET HEALTHCARE: Promoter Akshay Bansarilal Arora will sell a 3.42% stake via OFS on Sept 10-11, with an option to sell an additional 3.42% through oversubscription.

* MAMATA MACHINERY: The company has secured a second export order worth $1.17 million for a 9-layer blown film plant in its Co-Extrusion segment.

* VADILAL INDUSTRIES: The company has appointed Himanshu Kanwar as its first non-family CEO for its India business.

* MUTHOOT CAPITAL SERVICES: The company has redeemed its commercial paper with a payment of Rs 15 crore.

Economic News

* PM Modi looks forward to speaking with Trump, seeks early conclusion of US-India trade talks: Following stalled trade talks, PM Modi affirmed India and the US as "natural partners," signaling a potential thaw in relations. This response followed President Trump's optimistic remarks about ongoing negotiations to reduce trade barriers, expressing confidence in reaching a successful conclusion and describing Modi as a very good friend.

* Trump urges EU to impose 100% tariffs on India, China to pressure Putin: Donald Trump has asked EU officials to impose tariffs on China and India. The aim is to put pressure on Vladimir Putin. China and India buy Russian oil. This helps Russia's economy during the Ukraine invasion. Trump suggested the US might increase trade with India later. He mentioned working to resolve trade issues.

Global News

* China battles weak demand as CPI falls and PPI deflation eases, showing mixed signs of recovery: China’s consumer prices fell 0.4% YoY in August, the sharpest drop in six months, driven by a 4.3% fall in food prices, while producer deflation eased with PPI down 2.9% YoY versus July’s 3.6% decline, reflecting policy efforts to curb aggressive price competition in sectors like autos. Despite nearly three years of PPI deflation, the moderation offers some relief to manufacturers facing weak demand, a property downturn, and U.S. trade tensions. Exports slowed to a six-month low as tariff relief effects faded, while core inflation rose 0.9% YoY, the fastest in over two years, indicating strength in non-food, non-fuel categories. To boost consumption, authorities introduced interest subsidies on consumer loans and extended support to eight service sectors, including catering and tourism.

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.75%- 5.45% on Tuesday ended at 5.40% .

* The 10 year benchmark (6.33% GS 2035) closed at 6.4942% on Tuesday Vs 6.4651% on Friday .

Global Debt Market:

U.S. Treasury yields were flat on Tuesday morning, as investors awaited two inflation reports that could influence policy decisions at the Federal Reserve. At 2:50 a.m. ET, the yield on the benchmark 10-year Treasury stood at 4.059%. Yields on Treasury’s across the curve were little changed, with the 30-year Treasury’s yield holding steady at 4.7% after shedding more than 8 basis points in the previous session. Market participants are looking ahead to key inflation data due out later this week: the August producer price index on Wednesday, and the consumer price index on Thursday. The prints come ahead of the Fed’s Federal Open Market Committee meeting on Sept. 16-17. Money markets are currently pricing in an 88.2% chance of the Fed cutting its key interest rate by 25 basis points at next week’s meeting, according to the CME’s Fed Watch tool. Last week, a weaker-than-expected jobs report added to expectations of an imminent rate cut by the central bank.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.33% GS 2035) yield likely to move in the range of 6.47% to 6.50% level on Wednesday.

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