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Stocks in News

* JASH ENGINEERING: The company secured orders worth Rs.50 crore in October, raising its total consolidated order book to Rs.890 crore as of November 1.

* OIL INDIA: The Area-1 concessionaires of Mozambique’s Offshore Rovuma Basin Block have lifted the Force Majeure declared in April 2021, citing a major improvement in the security situation.

* SYRMA SGS TECHNOLOGY LIMITED: The company signed an agreement to acquire a 60% stake in Elcome Integrated Systems Pvt. Ltd., marking its strategic entry into the defence and maritime electronics sector.

* SWAN DEFENCE: The company signed a Letter of Intent worth $220 million with Rederiet Stenersen for building chemical tankers.

* ALKEM LAB: The EU GMP inspection by the German health authority at the company’s Baddi facility, held from November 4–10, concluded with no critical or major observations.

* WAAREE RENEWABLE: The company’s commercial order value rose by Rs.27.2 crore, bringing the total to Rs.1,018 crore.

* RDB INFRA: The company signed an agreement with NRG Renewable Resources to execute solar power projects worth Rs.277 crore.

* VIKRAN ENGINEERING: The company received a Letter of Award worth Rs.1,642 crore from an SPV.

* VODAFONE: The company will acquire a 26% stake in the SPV operating a captive power plant, investing Rs.4.3 crore in one or more tranches.

* BRITANNIA INDUSTRIES: Varun Berry resigned as MD, CEO, and Executive Vice-Chairman, while Natarajan Venkataraman has been appointed Interim CEO with immediate effect.

Economic News

* India’s unemployment rate dips to 5.2% in Q2FY26 as rural jobs rise; youth joblessness edges up: The figures, based on the current weekly status (CWS), cover individuals aged 15 and above who were unemployed but actively seeking work during the seven days prior to the survey. Youth unemployment (15-29) rose to 14.8% in Q2FY26 from 14.6% in Q1, according to the Periodic Labour Force Survey (PLFS) quarterly bulletin released by the ministry of statistics and programme implementation (MoSPI). The quarterly survey covered 133,901 households and 564,828 people across rural and urban areas.

Global News

* UK consumer spending slows as shoppers await tax-heavy budget and Black Friday deals: UK consumer spending slowed in October as shoppers awaited Black Friday discounts and clarity from the upcoming government budget, which is expected to include tax hikes. Barclays reported a 0.8% yearon-year drop in card spending, with essentials seeing sharp cuts, while BRC data showed retail sales grew just 1.6% — the weakest since May. Analysts noted that both consumers and businesses have adopted a “wait and see” stance ahead of Finance Minister Rachel Reeves’ November 26 budget. Barclays’ survey revealed that one in three consumers are delaying major purchases, and all key confidence indicators declined for the first time since August 2022. Retailers now rely on Black Friday to revive sales amid weak demand and unresolved business rate issues. The CBI has urged Reeves to consider selective tax hikes to create fiscal space while supporting business investment.

Technical Snapshot

Key Highlights:

NIFTY SPOT: 25574.35 (0.32%)

TRADING ZONE:

Resistance: 25650 (Multiple Touches) and 25800 (Key Resistance).

Support: 25400 (Pivot Level) and 25300 (Key Support).

BROADER MARKET: Inline MIDCAP 150: 60124.25 (0.47%),

SMALLCAP 250: 18138.6 (0.35%)

VIEW: Bullish Till Above 25300 (Key Support).

BANKNIFTY SPOT: 57937.55 (0.1%)

TRADING ZONE:

Resistance:58250 (Pivot Level) / 58600 (Key Resistance)

Support: 57500 (Pivot Level) / 57000 (Key Support)

VIEW: BULLISH TILL ABOVE 57000 (Key Support)

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.75%- 5.45% on Monday ended at 5.25%.

* The 10 year benchmark (6.48% GS 2035) closed at 6.4530% on Monday Vs 6.5142% on Friday .

Global Debt Market:

European stocks rallied at the start of the new trading week as a deal on a funding package that could end the U.S. government shutdown appears to be getting closer. The pan-European Stoxx 600 was up 1.2% in morning trade, with major bourses and almost all sectors in positive territory. The U.K.’s FTSE index was 0.7% higher at 9:02 a.m. in London (4:02 a.m. ET), Germany’s DAX rose 1.5%, France’s CAC 40 was up 1.1% and Italy’s FTSE MIB added 1.5%. The advance came after Senate lawmakers late Sunday evening took a critical step toward a potential deal to end the historic government shutdown. A bipartisan deal being debated in the Senate would reopen the government into January and reverse some of the recent mass federal layoffs. People familiar with the situation told CNBC that enough Democratic senators had agreed to vote for the deal to clear a 60-vote minimum threshold. Concerns over the shutdown have driven consumer sentiment to its lowest level in more than three years, according to a University of Michigan survey released on Friday, and only a few key economic reports have been released during the shutdown. Back in Europe, the technology sector was among those leading early gains, with the Stoxx 600 Technology Index up 2.2%. Diageo gained 6.4% in early trade after the spirits maker named Dave Lewis as its new CEO on Monday morning. The surge came after the company last week cut its fullyear guidance, highlighting weakness in U.S. and Chinese markets.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.44% to 6.46% level on Tuesday.

SEBI Registration number is INH000000081.

Please refer disclaimer at https://geplcapital.com/term-disclaimer