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Stocks in News

* GODAWARI POWER: The company has completed the public hearing for expanding its Ari Dongri Iron Ore Mines capacity from 2.35 MTPA to 6 MTPA.

* NBCC: The company secured a Rs 340 crore order to construct the Central University of Kashmir.

* SPARC: The company will consolidate its R&D facilities from multiple locations in Mumbai and Baroda into two Baroda sites, creating excess capacity that it plans to streamline by FY26.

* MUTHOOT FINANCE: The company approved a Rs 500 crore additional investment in Muthoot Money and cleared incremental fundraising of up to Rs 35,000 crore via NCDs.

* SEAMEC: The company has initiated legal action against Asian Energy to recover overdue charter hire dues, seeking interim relief for the unpaid amounts.

* ZYDUS LIFESCIENCE: The USFDA has concluded its inspection of the company’s SEZ1 facility in Ahmedabad with two observations.

* CONCORD BIOTECH: The company will acquire 100% of Celliimune Biotech in a related-party deal and plans to invest up to Rs 10 crore in a captive hybrid solar power project for its Limbasi plant.

 * CFF FLUID CONTROL: The company secured a Rs 6.2 crore Indian Navy contract to supply equipment for the P75 project.

* ALKEM LABORATORIES: The company plans to invest Rs 200 crore in its Zambia-based subsidiary, Akums Healthcare.

* MAHINDRA AND MAHINDRA: The company’s subsidiary has signed an agreement with Tech Mahindra London to acquire a stake in Mahindra Racing UK.

Economic News

* Ministry of Agriculture seeks public feedback on Draft Seeds Bill 2025: The Ministry of Agriculture and Farmers Welfare has released the draft Seeds Bill, 2025, for public consultation, aiming to replace older legislation and modernize seed regulation. The proposed bill focuses on quality, affordability, innovation through liberalized imports, and farmer rights, while decriminalizing minor offenses to ease business compliance.

Global News

* China’s Economic Engine Stalls as Weak Data Raises Pressure for Painful Reforms: China’s economy is losing momentum, with factory output and retail sales in October posting their weakest growth in over a year. This slowdown is intensifying pressure on policymakers to overhaul the $19 trillion export-driven model as supply-demand imbalances deepen and Trump’s tariff war exposes the country’s dependence on the U.S. market. Industrial output rose just 4.9% and retail sales grew 2.9%, both missing expectations, while exports slumped and auto sales unexpectedly reversed despite seasonal strength. Fixed asset investment continued to contract and the property downturn accelerated, underscoring persistent structural stress. Although Beijing has pledged to lift household consumption and tackle local government debt, sweeping reforms remain politically risky. As growth falters, economists warn that China may again resort to its familiar playbook accelerating infrastructure spending and funnelling support to large state firms to stay on track for its ~5% annual growth goal.

Technical Snapshot

Key Highlights:

NIFTY SPOT: 25879.15 (0.01%)

TRADING ZONE:

Resistance: 25800 (Multiple Touches) and 25950 (Key Resistance).

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

BROADER MARKET: Inline

MIDCAP 150: 60692.05 (-0.35%), SMALLCAP 250: 18183.65 (-0.37%)

VIEW: Bullish Till Above 25300 (Key Support).

BANKNIFTY SPOT: 58381.95 (0.18%)

TRADING ZONE:

Resistance:58500 (Pivot Level) / 58900 (Key Resistance)

Support: 57900 (Pivot Level) / 57500 (Key Support)

VIEW: Bullish Till Above 57500 (Key Support)

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.85%- 5.40% on Thursday ended at 5.25%.

* The 10 year benchmark (6.48% GS 2035) closed at 6.4729% on Thursday Vs 6.4595% on Wednesday .

Global Debt Market:

U.S. Treasury yields held steady on Thursday as investors welcomed the end of the longest government shutdown in U.S. history. At 5:45 a.m. ET, the 10- year Treasury yield was little changed 4.083%. The 2-year note yield was up 1 basis point to 3.583%, while the 30-year bond yield was up less than 1 basis point to 4.668%. Late on Wednesday, President Donald Trump signed into law a funding bill to end the U.S. government shutdown, which lasted a total of 43 days. The measure was passed by the House of Representatives on Wednesday night in a 222-209 vote. “Republicans never wanted a shutdown,” Trump said. “People were hurt so badly.” He noted that more than 1 million federal workers were furloughed. During the shutdown, key economic reports were delayed including the consumer price index, producer price index, and the non-farm payrolls report. These reports may never be released, said White House press secretary Karoline Leavitt on Wednesday. “The Democrats may have permanently damaged the Federal Statistical system with October CPI and jobs reports likely never being released,” Leavitt said. “All of that economic data released will be permanently impaired, leaving our policymakers at the Fed, flying blind at a critical period.”

10 Year Benchmark Technical View :

The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.4675% to 6.4775% level on Friday.

SEBI Registration number is INH000000081.

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