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Stocks in News

* JEENA SIKHO LIFECARE: The company has started operations of its new 40- bed, 22-room hospital in Jammu, formed Jeena Sikho International as a wholly owned subsidiary in Sharjah Media City, UAE with a business license, and signed pacts with Salesforce and Quadrafort Tech for digital transformation in ayurveda.

* SOM DISTILLERIES: The company reported that the customs department conducted an inquiry into its import and export transactions at the Bhopal office and factory.

* SEAMEC: The company approved replacing Spider Deck with MV Goodman from HAL Offshore under the ONGC contract and revised its transaction with HAL Offshore by raising the annual monetary cap to $50 million.

* VEDANTA: The company’s subsidiary, Talwandi Sabo Power, signed a settlement agreement with SEPCO Electric Power Construction Corporation to resolve all disputes related to the EPC contracts for its 3x660 MW thermal power project.

* MSTC: The company reported that the Central Pollution Control Board has recommended it to develop and operate a National Electronic Trading Platform for Extended Producer Responsibility Certificates.

* SENORES PHARMACEULICALS: The company has completed acquiring 8,454 equity shares of Havix Group Inc., with the final 540 shares purchased through its wholly owned US subsidiary.

* ASM TECHNOLOGIES: The company signed an MoU with the Tamil Nadu government to invest Rs.250 crore in expanding ESDM-related design-led manufacturing.

* GUJARAT STATE PETRONET: The firm will hold a shareholders’ meeting on October 17 to consider a scheme of amalgamation involving multiple companies, including Gujarat Gas.

Economic News

* Economists lower India inflation forecasts despite August uptick; GST reforms supportive: Retail inflation saw a slight increase in August, reaching 2.07%, but experts believe this is temporary. Economists attribute the manageable inflation to effective GST reforms and anticipate further declines. Projections for FY26 have been revised downwards, with some expecting the RBI to consider additional repo rate cuts, while others remain cautious about immediate easing.

Global News

* China’s housing slump deepens as August home prices fall again, with recovery now seen only by 2026–27: China’s housing market remained weak in August as new home prices fell 0.3% month-on-month, matching July’s decline and extending the downtrend since May 2023, despite repeated policy support. Of 70 cities, 57 reported monthly price drops, while 65 saw year-on-year declines, with resale prices also slipping down 3.5% in tier-one cities, 5.2% in tier-two, and 6% in tier-three. Property investment plunged 12.9% year-on-year in January–August, and sales by floor area fell 4.7%. Analysts now expect home prices to stabilise only by late 2026 or 2027, later than earlier forecasts, citing weak income growth, high unemployment, and oversupply in smaller cities. While Shanghai and Shenzhen eased purchase curbs to revive demand, the central government has reiterated calls to stabilise the sector, with Premier Li Qiang urging “forceful measures” to support housing upgrades and market recovery

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.75%- 5.50% on Friday ended at 5.00% .

* The 10 year benchmark (6.33% GS 2035) closed at 6.4867% on Friday Vs 6.4666% on Thursday

Global Debt Market:

Treasury yields edged higher on Friday morning, rebounding from moves seen in Thursday’s session. The yield on the benchmark 10-year Treasury was around 2 basis points higher by 3:50 a.m. ET, trading at 4.036%. On Thursday, it fell by 4 basis points to touch on the 4% level after data prints showed prices were rising while the labor market was weaker than anticipated. The yield on the 5-year Treasury gained 3 basis points on Friday morning, while 30-year Treasury yields rose by 1 basis point. The U.S. consumer price index rose to 2.9% on an annual basis in August, data showed on Thursday, with the CPI notching its biggest monthly jump since January. Annual core inflation — more closely watched by Fed officials rose to 3.1%. The Federal Reserve’s inflation target is 2%. Meanwhile, the Labor Department reported a higher-than-expected rise in weekly jobless claims, with unemployment compensation filings hitting their highest level since Oct. 2021.“The latest set of economic numbers likely creates some additional complications for FOMC policymakers as they contemplate their decision-making ahead of the 16-17 September FOMC meeting,” Ryan Wang, U.S. economist at HSBC, said in a Friday note.“ With some apparent tension between the two sides of the Committee’s dual mandate — inflation and employment — we expect the outcome at the meeting itself will be a 25bp reduction in the federal funds target range to 4.00-4.25%. But the full range of new economic projections released at the meeting are likely to reveal some differences in views in terms of which side of the mandate individual FOMC policymakers are more focused on,” he said.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.33% GS 2035) yield likely to move in the range of 6.4750% to 6.4950% level on Monday.

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