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Stocks in News

* DIVIS LAB: The company’s Telangana unit was inspected by the US FDA from Nov 10–14, and the audit closed with zero Form 483 observations.

* AUROBINDO PHARMA: The company’s subsidiary received nine US FDA observations for its Rajasthan manufacturing unit.

* DR REDDY’S LABS: The company’s Andhra Pradesh unit underwent a US FDA inspection from Nov 10–14, which concluded with zero observations.

* INDIAN HOTEL: The company will acquire about 51% stake in Sparsh Infratech for Rs 240 crore.

* GODAWARI POWER: The company will invest up to Rs 300 crore in its subsidiary Godawari New Energy to build a 250 MWp solar power plant in Chhattisgarh.

* HINDUSTAN ZINC: The company has won the bid for the Tungsten and associated mineral block in Balepalyam, Kanaganapalle, spanning 308.30 hectares.

* ASHOKA BUILDCON: The company’s Rs 288.18 crore MMRDA infra project has been cancelled due to administrative reasons, after revisions led to a 39% increase in deck area and a 33.5% rise in overall cost.

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

* NMDC: Iron Ore Baila Lump is priced at Rs 5,600/tonne, while Baila Fines are set at Rs 4,750/tonne.

* IRB INFRASTRUCTURE: The company received an LoA from NHAI for a Rs 9,270 crore project in Uttar Pradesh, awarded for 20 years.

Economic News

* India’s Q2 growth forecast at 7.3% on rural show, higher govt capex: India's economy is projected to grow at 7.3% in the second quarter. This growth is driven by a strong rural economy, increased government spending, and early export shipments. Industrial output and manufacturing have shown significant strengthening. Economists forecast continued robust growth for FY26, positioning India as a leading global economy.

Global News

* Fed officials split as markets pull back expectations for a December rate cut: U.S. agencies have begun announcing schedules to release economic data delayed by the government shutdown, while Federal Reserve officials remain split on the need for another rate cut. Market sentiment shifted sharply on Friday, with short-term interest-rate futures showing a 60% chance the Fed will not follow its September and October cuts with another one in December reversing expectations from just a day earlier. Hawkish Fed presidents Jeffrey Schmid, Lorie Logan, and Beth Hammack reiterated concerns about inflation and signaled caution toward further easing, saying more evidence of cooling inflation or labor market weakness is needed. Schmid warned that additional cuts could undermine the Fed’s inflation credibility. In contrast, the dovish Fed Governor Stephen Miran argued for another cut, aligning with the view that current rates are too high. Fed Chair Jerome Powell has noted that recent cuts were “insurance” amid labor-market risks, but with key data delayed, the Fed must wait for clarity. With policymakers divided and markets shifting, the December 9–10 meeting is shaping up to be highly contested.

Technical Snapshot

Key Highlights:

NIFTY SPOT: 25910.05 (0.12%)

TRADING ZONE:

Resistance: 26000 (Multiple Touches) and 26150 (Key Resistance).

Support: 25700 (Pivot Level) and 25500 (Key Support).

BROADER MARKET: Inline MIDCAP 150: 60739.2 (0.08%),

SMALLCAP 250: 18252.5 (0.38%)

VIEW: Bullish Till Above 25500 (Key Support).

BANKNIFTY SPOT: 58517.55 (0.23%)

TRADING ZONE:

Resistance:58950 (Pivot Level) / 59250 (Key Resistance)

Support: 58200 (Pivot Level) / 58000 (Key Support)

VIEW: Bullish Till Above 58000 (Key Support)

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.50%- 5.60% on Friday ended at 5.10%.

* The 10 year benchmark (6.48% GS 2035) closed at 6.4864% on Friday Vs 6.4729% on Thursday.

Global Debt Market:

U.S. Treasury yields were little changed on Friday as investors weighed the state of the U.S. economy after the government shutdown ended. President Donald Trump signed into law a funding bill, late Wednesday evening, which ended the longest running U.S. government shutdown. The measure was passed by the House of Representatives in a 222-209 vote. During the shutdown, government agencies weren’t able to release key reports including the consumer price index, producer price index, and nonfarm payrolls report, which meant investors were flying blind on economic data. White House press secretary Karoline Leavitt said that some economic data during the shutdown might never be released. “The Democrat shutdown made it extraordinarily difficult for economic economists investors and policy makers at the Federal Reserve to receive critical government data,” Leavitt said. Investors have also turned their attention to the Federal Reserve’s upcoming interest rate decision. Traders are now pricing in a nearly 50% chance that the central bank will cut its benchmark overnight borrowing rate by a quarter percentage point during their December meeting, according to the CME FedWatch Tool.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.48% to 6.4950% level on Monday

SEBI Registration number is INH000000081.

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