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Stocks in News

* KEYSTONE REALTORS: Promoters plan to sell up to 45.8 lakh shares (3.63% stake) via an OFS on Oct 15–16 at a floor price of Rs.550 per share, a 10% discount to the current market price.

* MISHRA DHATU NIGAM: The company bagged a Rs.306 crore order, taking its total order book to around Rs.2,212 crore.

* OLA ELECTRIC MOBILITY: The company will unveil a new product in the energy segment on Oct 17 through its social media channels and plans to launch its first non-vehicle product this Diwali.

* DCM SHRIRAM: The company will unveil a new product in the energy segment on Oct 17 through its social media channels and plans to launch its first non-vehicle product this Diwali.

* DMART: The company opened a new store in Andhra Pradesh, taking its total store count to 433.

* GR INFRA: The IT department conducted a search at the offices and residences of the promoters and CFO from Oct 9 to Oct 14.

* KIRLOSKAR FERROUS: The company temporarily suspended operations at its Karnataka plant for 40 days for maintenance and repairs.

* LEMON TREE HOTEL: The company signed an agreement to develop a 54- room hotel in Gujarat.

* PATEL ENGINEERING: The company reached an in-principle $5 million settlement with plaintiffs Continental Casualty and Western Surety to resolve claims related to Asi Constructors Inc.

* SONATA SOFTWARE: The company partnered with Adesso to provide AIdriven modernization and measurable value for enterprises globally.

*DALMIA BHARAT: The company denied reports of acquiring a cement factory for Rs.500 crore

Economic News

* IMF raises India’s FY26 growth outlook to 6.6%: The International Monetary Fund has increased India's economic growth forecast for the fiscal year 2026 to 6.6 percent. This positive outlook comes despite recent US tariffs on Indian goods. India is projected to achieve the highest growth rate among advanced economies, emerging markets, and developing countries for the current and next fiscal years.

Global News

* Fed faces a delicate balance as strong growth meets inflation and policy uncertainties: Federal Reserve Chair Jerome Powell will deliver his final remarks before the Fed’s October meeting amid stronger-than-expected U.S. growth and rising productivity, even as tariffs, immigration policies, and a delayed jobs report create uncertainty for inflation and employment. Markets anticipate a 25-bps rate cut in October and another in December, reflecting divided Fed views some worry inflation will remain above 2%, while others fear a rapid job slowdown. AI-driven investment and other growth drivers support GDP near 4%, though private indicators show hiring softness. Firms have absorbed tariff costs through efficiency gains, temporarily boosting productivity, but inflation risks linger, with forecasts ranging from 2.5% to 3.3% for 2025. Growth remains concentrated in select sectors, raising questions about broader demand and the sustainability of the recovery.

Technical Snapshot

Key Highlights:

NIFTY SPOT: 25145.5 (-0.55%)

TRADING ZONE:

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

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

BROADER MARKET: UNDERPERFORMED MIDCAP 150: 58324.4 (-0.64%),

SMALLCAP 250: 17940.15 (-1.07%)

VIEW: BULLISH TILL ABOVE 24900 (Key Support).

BANKNIFTY SPOT: 56496.45 (-0.2%)

TRADING ZONE:

Resistance: 57000 (Pivot Level) / 57300 (Key Resistance)

Support: 56000 (Pivot Level) / 55700 (Key Support)

VIEW: BULLISH TILL ABOVE 55700 (Key Support)

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.85%- 5.50% on Tuesday ended at 5.39% .

* The 10 year benchmark (6.33% GS 2035) closed at 6.5063% on Tuesday Vs 6.5198% on Monday .

Global Debt Market:

U.S. Treasury yields fell on Tuesday as investors looked toward a speech by Federal Reserve Chair Jerome Powell, which could offer more insights about future monetary policy decisions. The 10-year Treasury fell more than 3 basis points to a onemonth low of 4.017%, while the 2-year Treasury yield was almost 5 basis points lower at 3.478%. The longer maturity 30-year Treasury yield fell over one basis point to 4.615%. The Fed’s Powell is scheduled to deliver remarks at the NABE annual meeting in Philadelphia later in the day. Markets are also keeping a close watch on the developments concerning the recently renewed trade tensions between U.S. and China. “We cannot know when the two sides will negotiate a de-escalation. However, the example from earlier this year shows that neither side is willing to sustain a near complete breakdown in trade which the recent measures imply,” Eastspring Investments wrote in a note published Tuesday. José Torres, senior economist at Interactive Brokers, noted that sentiment improved after signs the White House is moving toward dialogue with Beijing, despite lingering strain over rare earth export controls, with further talks expected around this week’s IMF and World Bank meetings in Washington. A ceasefire deal in Gaza, which included the release of hostages, added to the relief, Torres wrote in a note. On Monday, Palestinian militant group Hamas released the first seven surviving Israeli hostages, marking the first stage of a ceasefire deal brokered with the help of U.S. President Donald Trump.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.33% GS 2035) yield likely to move in the range of 6.4950% to 6.51% level on Wednesday.

SEBI Registration number is INH000000081.

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