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Stocks in News

* GLAND PHARMA: The company received a GMP compliance certificate from the Danish Medicines Agency for aseptically prepared powders used in injection, infusion, and inhalation.

* WOCKHARDT: The company is realigning its US operations to focus on its innovative portfolio and is exiting the US generic pharmaceutical segment. It has filed for voluntary liquidation of its subsidiaries Morton Grove Pharma and Wockhardt USA.

* RAILTEL CORPORATION: The company secured a Rs 10 crore order from Indian Overseas Bank.

* ZYDUS LIFESCIENCES: Zydus Pharmaceuticals USA Inc., the US arm of the company, incorporated a new subsidiary, Zylidac Bio LLC, making it a related party.

* HINDUSTAN COPPER: The company stated that a 50% US tariff on copper is unlikely to impact its business, as it mainly sells copper concentrate within India.

* NCC: The company received a letter of acceptance worth Rs 2,269 crore from MMRDA for Mumbai Metro Line 6 – Package 1-CA-232.

* APEEJAY SURENDRA PARK HOTEL: The company signed an MoU to acquire and manage four properties in Goa, Manali, Shimla, and Dharamshala on a 12-year lease, adding 138 rooms.

* VISHNU PRAKASH R PUNGILA: The company received a Rs 77.9 crore construction order from the Jaipur Development Authority.

* HUDCO: The company signed an agreement with Madhya Pradesh Urban Development Co for Rs 1 lakh crore in financial assistance for housing and infrastructure projects.

Economic News

* India’s national highway authority to bid out 124 road projects worth Rs.3.4 lakh crore in FY26: India's National Highways Authority of India (NHAI) plans to auction 124 highway and expressway projects worth Rs 3.4 lakh crore in 2025-26, covering 6,376 km. Projects like Gorakhpur-Siliguri will use the Hybrid Annuity Model (HAM), while Tharad-Ahmedabad will use the Build Operate and Transfer (BOT) model.

Global News

* Canada’s job surge in June lowers rate cut odds as unemployment dips to 6.9%: Canada's unemployment rate dipped to 6.9% in June, defying expectations of a rise to 7.1%, as the economy added 83,100 jobs its first net gain since January driven by wholesale, retail, manufacturing, and healthcare sectors. Most gains were in part-time roles. The stronger-thanexpected labor data, ahead of the Bank of Canada’s July 30 policy meeting, reduces chances of a rate cut, with market odds falling below 20%. Wage growth stood at 3.2%, while the participation rate rose to 65.4%. Despite year-over-year unemployment rising 9%, long-term joblessness surged, though layoff rates remained low. Manufacturing added 10,500 jobs, retail and wholesale 33,600, and healthcare 16,700, while transportation lost 3,400 and agriculture shed 6,000 jobs.

Key Highlights:

NIFTY SPOT: 25149.85 (-0.81%)

TRADING ZONE:

Resistance :25300 (Pivot Level) and 25500 (Key Resistance).

Support: 25000 (Pivot Level) and 24900 (Key Support).

BROADER MARKET: UNDERPERFORMED

MIDCAP 150: 58642.2 (-0.88%), SMALLCAP 250: 18763.45 (-1.02%)

VIEW: Bullish till above 24900 (Key Support).

BANKNIFTY SPOT: 56754.7 (-0.35%)

TRADING ZONE:

Resistance: 57000 (Pivot Level) / 57500 (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 4.75% - 5.55% on Friday ended at 4.90%.

* The 10 year benchmark (6.33% GS 2035) closed at 6.2994% on Friday Vs 6.3156% on Thursday .

Global Debt Market:

U.S. Treasury yields moved higher on Friday as President Donald Trump slapped 35% tariffs on Canada and investors digested a week of trade drama. The 10-year Treasury yield was up over 3 basis points to 4.383%, and the 30-year yield was up 4 basis points at 4.908%. The 2-year yield was higher by 2 basis points, reaching 3.889%. Trump announced on Thursday that levies on Canadian imports will rise to 35% on Aug. 1. “Instead of working with the United States, Canada retaliated with its own Tariffs,” Trump said in a letter to Mark Carney, the prime minister of Canada, posted on Truth Social. He also attributed the reason for the high rate to fentanyl: “If Canada works with me to stop the flow of Fentanyl, we will, perhaps, consider an adjustment to this letter.” That comes after Trump imposed 50% tariffs on imports from Brazil as well as 50% tariffs on copper. The president told NBC News’ Kristen Welker late Thursday that Canada and the European Union may receive letters outlining the latest tariff proposals as soon as today. On the data front, investors will await the Federal Reserve’s monthly budget statement at 2 p.m. ET on Friday. They’re also looking ahead to inflation figures for June, which will be released next week.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.33% GS 2035) yield likely to move in the range of 6.29% to 6.3050% level on Monday

SEBI Registration number is INH000000081.

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