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Stocks in News

* CFF FLUID CONTROL: Signed an agreement with Garden Reach Shipbuilders to strengthen its naval and marine systems portfolio.

* BIOCON: Biocon Biologics expanded its diabetes portfolio with FDA approval of Kirsty, the first and only interchangeable rapid-acting insulin aspart in the U.S.

* UNO MINDA: The acquisition of e-Drives business assets in Vietnam from Friwo is underway and expected to be completed by July 22.

* TCS: Partnered with MIT Sloan Management Review to launch a research series on the next phase of human-AI collaboration in large enterprises.

* ARISINFRA SOLUTION: Signed an agreement with Wadhwa Construction for the next phase of the Wadhwa Wise City project in Panvel, adding a Rs 75 crore project pipeline.

* GODAVARI BIOREFINERS: Received a Chinese patent for 5-Hydroxy-1,4- Naphthalenedione, a compound used in cancer treatment.

* INFIBEAM AVENUES: Approved allotment of 70 crore shares through a rights issue, raising Rs 700 crore with 1.4x oversubscription; funds to be used for Phronetic.AI investment, RediffPay expansion, and other initiatives.

* BRIGADE ENTERPRISES: BuzzWorks launched a 50,000 sq ft office centre at Mindspace Business Park, Hyderabad, adding 1,000 desks.

* CENTRUM CAPITAL: Approved a fundraise of Rs 172 crore via issuance of 5 crore shares at Rs 34.38 per share.

* ZYDUS LIFESCIENCES: Received final US FDA approval for Celecoxib Capsules, a nonsteroidal anti-inflammatory drug.

Economic News

* Rural unemployment fell to 4.9% while the urban rate rose to 7.1%: Youth unemployment edged up in June, with 15.3% of individuals aged 15-29 who were working or seeking work remaining jobless, up from 15% in May. The rate was higher among females (17.4%) than males (14.7%). Overall, the unemployment rate among women declined to 5.6% in June from 5.8% in May, while it remained unchanged at 5.6% for males.

* India's exports to US rise 23%, imports dip 10% in June: India's goods exports to the US surged by 23.53% in June, reaching USD 8.3 billion, while imports decreased by 10.61% to USD 4 billion. During April-June, exports to the US rose by 22.18% to USD 25.51 billion. The US emerged as India's largest trading partner in the April-June quarter of 2025-26, as both nations engage in trade agreement negotiations.

Global News

* India’s retail inflation hits 6-year low at 2.1% in June, boosting rate cut hopes: Despite China reporting 5.2% GDP growth in Q2, workers like Zhang Jinming, a state firm employee whose salary was cut by 24%, are struggling. To cope, Zhang delivers food nightly, highlighting how wage cuts and rising workloads are pushing many to moonlight. Structural issues like weak domestic demand, delayed payments, and deflation are squeezing incomes across sectors, from real estate to education. Teachers in poorer regions report unpaid or delayed salaries, and service workers face rising unemployment. Economists warn that China's export-driven, dual-speed economy with strong industry but weak consumption is causing liquidity stress, falling tax revenues, and risks of prolonged slowdown.

Technical Snapshot

Key Highlights:

NIFTY SPOT: 25195.8 (0.45%)

TRADING ZONE:

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

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

BROADER MARKET: OUTPERFORMED

MIDCAP 150: 59612.65 (0.95%), SMALLCAP 250: 19135.25 (0.95%)

VIEW: Bullish till above 24900 (Key Support).

BANKNIFTY SPOT: 57006.65 (0.43%)

TRADING ZONE:

Resistance: 57300 (Pivot Level) / 57600 (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% - 5.50% on Tuesday ended at 4.95%.

* The 10 year benchmark (6.33% GS 2035) closed at 6.3090% on Tuesday Vs 6.3163% on Monday .

Global Debt Market:

U.S. Treasury yields fell on Tuesday ahead of key inflation figures due later on Tuesday which may offer further insights into the Federal Reserve’s potential interest rate moves. The 10-year Treasury yield was about one basis point lower at 4.419%, and the 30-year yield was lower by more than one basis point at 4.958%. The 2-year yield was flat at 3.9% .Economists surveyed by Reuters anticipate that headline inflation for June will pick up to 2.7% on an annual basis, up from 2.4% in May. Core inflation is also projected to increase to 3.0% from 2.8%. “If tariffs begin to show up clearly in the US June CPI data .U.S. bond markets could sell off to reflect the higher inflation risk brought about by [U.S. President Donald] Trump’s recent tariff escalation,” Eastspring Investments analysts experts wrote in a note published Tuesday. In comparison, a softer than expected core consumer price index number will risk leading the U.S. administration to view higher tariffs as a “costless source” of revenue to pay for some of the tax cuts in the “big beautiful bill,” the consultancy added. Investors are also eyeing developments after White House National Economic Council Director Kevin Hassett said on Sunday that the Trump administration is looking into whether it has the authority to dismiss Federal Reserve Chair Jerome Powell. “But certainly, if there’s cause, he does,” Hassett said on ABC News’ “This Week.” Although Trump has publicly stated he does not intend to fire Powell, Hassett’s remarks indicate the White House is still exploring the option.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.33% GS 2035) yield likely to move in the range of 6.3075% to 6.32% level on Wednesday

SEBI Registration number is INH000000081.

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