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Stocks in News

* WIPRO: The company has entered into a three-year partnership with Microsoft to support enterprises in adopting AI solutions, while also collaborating with Google to deploy Gemini Enterprise across its global operations and setting up a Google Cloud Gemini Experience Zone at its Partner Labs in Bengaluru.

* BHARAT ELECTRONIC: The company has secured additional orders worth Rs.776 crore since its last disclosure, strengthening its order inflow momentum.

* AUROBINDO PHARMA: The USFDA has issued a Form 483 with three observations for the company’s API unit in Telangana following an inspection conducted from December 1 to 12.

* GODAWARI POWER: The company will invest Rs.1,625 crore in its subsidiary’s battery energy storage manufacturing unit to expand capacity fourfold to 40 GWh from 10 GWh.

* ASHOKA BUILDCON: A joint venture has received a work order worth Rs.1,041 crore for a BMC project, boosting its order book.

* KEC INTERNATIONAL: The company has secured new orders worth Rs.1,150 crore across its Transmission & Distribution and Civil businesses in India, supporting domestic growth visibility.

* CONSOLIDATION CONSTRUCTION: The company has received orders worth Rs.458 crore for the construction of buildings and factories from multiple clients, adding to its execution pipeline.

* ESAF SMALL FINANCE BANK: The company has approved the sale of NPAs and written-off loans to an asset reconstruction company, with plans to offload up to Rs.1,700 crore of stressed assets.

Economic News

* India identifies 300 products to boost exports to Russia: India eyes a $100 billion trade target with Russia by 2030, identifying 300 products across engineering, pharma, agri, and chemicals with significant export potential. Despite a current $1.7 billion export figure against Russia's $37.4 billion imports, a substantial complementary space exists to bridge India's $59 billion trade deficit.

* CII calls for higher public capex, investment push to sustain growth: The Confederation of Indian Industry (CII) has urged the government to prioritize investments for sustained economic growth, recommending a 12% increase in central capital expenditure and a 10% rise in state capex for FY27.

Global News

• China’s November data signals deepening domestic demand weakness, intensifying pressure on policymakers amid rising global trade tensions: China’s economic momentum weakened further in November as factory output and retail sales growth slowed, highlighting weak domestic demand and increasing pressure on policymakers. Industrial output rose 4.8% year-onyear, below expectations, while retail sales grew just 1.3%, sharply missing forecasts. Consumer sentiment remains fragile, with car sales plunging 8.5% and even the extended Singles’ Day shopping festival failing to boost spending. Fixed asset investment continued to contract, reflecting broader economic stress, largely driven by a prolonged property downturn that has eroded household wealth. While China aims to maintain around 5% growth next year through proactive fiscal measures, global institutions remain cautious, and reliance on exports to meet growth targets is raising trade tensions, as major partners push back against China’s widening trade surplus.

Technical Snapshot

Key Highlights:

NIFTY SPOT: 26046.95 (0.57%)

TRADING ZONE:

Resistance: 26200 (Multiple Touches) and 26325 (Key Resistance).

Support: 25900 (Multiple Touches) and 25800 (Key Support)

BROADER MARKET:INLINE MIDCAP 150: 60283.3 (1.18%),

SMALLCAP 250: 17389.95 (0.94%)

VIEW: Bullish till above 25800 (Key Support)

BANKNIFTY SPOT: 59389.95 (0.3%)

TRADING ZONE:

Resistance: 59600 (Multiple Touches) / 60114 (Key Resistance)

Support: 59000 (Pivot Level) / 58700 (Key Support)

VIEW: Bullish till above 58700 (Key Support)

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.50%- 5.25% on Friday ended at 5.20%.

* The 10 year benchmark (6.48% GS 2035) closed at 6.5931% on Friday 6.5832% on Thursday .

Global Debt Market:

US Treasury rose for a second session as traders maintained wagers on additional rate cuts next year after a Federal Reserve meeting that proved less hawkish than anticipated. Yields fell across most tenors, with the rate on benchmark 10-year notes touching the lowest level in nearly a week before closing little changed. It was an extension of gains that started Wednesday after Fed Chair Jerome Powell downplayed dissenting votes on a quarter-point interest-rate cut, and officials said they would start buying short-term Treasury securities to ease strains in US funding markets. “The much-anticipated hawkish cut from the Fed was over- shadowed by the announcement of reserve management purchase operations,” a Societe Generale team led by Subadra Rajappa said Thursday. “We remain biased towards lower yields as investors tend to turn cautious into year-end.” Thursday’s gains in all but the longest-dated Treasuries held following a $22 billion sale of 30- year bonds that was awarded at 4.773%, slightly below the yield just prior to the bidding deadline a suggestion of resilient demand. At the close of New York trading, 30-year yields were less than one basis point higher. Earlier, a higher-thanexpected reading of initial jobless claims Thursday underpinned the bid for Treasuries, with the release coming in at 236,000 in the week ended Dec. 6, compared to the 220,000 expected in Bloomberg’s survey of economists. The jump in claims was the highest since the early days of the pandemic, although the reports tend to be volatile around US holidays.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.57% to 6.59% level on Monday.

SEBI Registration number is INH000000081.

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