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Stocks in News

* OLA ELECTRIC MOBILITY: Ola Electric, at Sankalp 2025, unveiled its ‘India Inside’ vision, highlighting products built with Indian technology for global markets, including the 4680 Bharat Cell and a rare-earth-free ferrite motor for new and existing vehicles.

* ALEMBIC PHARMACEUTICALS: The company received USFDA final approval for Tretinoin Cream USP 0.025%, used for topical treatment of acne vulgaris.

* AMARA RAJA ENERGY AND MOBILITY: Giga Cell Plant operations are set to begin in Q2–Q3 2027, with a targeted capacity of 16 GW by FY2030.

* PRISM JOHSON: The company signed a cement supply pact with Jabalpur Cement Industries, boosting its Madhya Pradesh capacity from 1.08 MTPA to 1.38 MTPA by September 2025.

* SOMYA CERAMICS: Operations at the Kassar plant, Haryana, were temporarily disrupted after GAIL reported a gas leakage in its Gauna-Bawana pipeline caused by heavy rainfall and flood-like conditions, leading to a temporary halt in gas supply.

* JK CEMENT: The board approved a greenfield expansion of a 7 MTPA cement line, including a 4 MTPA clinker unit and a 3 MTPA grinding unit at Jaisalmer, plus two 2 MTPA split grinding units in Rajasthan and Punjab, with a total investment of Rs.4,805 crore.

* EMS: The company received orders worth Rs.104 crore from UP Jal Nigam for engineering, design, and material supply.

* SIGNATUREGLOBAL: Subsidiary Signatureglobal Business Park executed three sale deeds for 33.47 acres in Haryana, with a developable area of about 1.76 million sq ft.

* NCC: Secured creditors have approved the Scheme of Arrangement between NCC Infrastructure Holdings and NCC Limited.

* ROTO PUMP: The company is considering acquiring a 25% stake in a step -down subsidiary through its arm, Roto Overseas Pte.

Economic News

* India confident of meeting fiscal deficit target, despite planned tax cuts: India remains confident in achieving its fiscal deficit target of 4.4% for the current fiscal year, even with planned consumption tax cuts. Prime Minister Modi announced significant changes to the Goods and Services Tax (GST) regime, aiming to reduce the cost of daily essentials and electronics.

Global News

* Australia’s job market rebounds in July, easing jobless rate to 4.2% and tempering rate-cut urgency: Australian employment rebounded in July with a net gain of 24,500 jobs, driven by a 60,500 surge in full-time roles, pulling the jobless rate down to 4.2% from a 3½-year high of 4.3%. Female fulltime jobs rose sharply by 40,000, lifting female participation to a record 63.5%. Hours worked increased 0.3%, while the participation rate edged down to 67.0%. The upbeat labour data eased concerns of a rapid slowdown, reduced urgency for another immediate RBA rate cut after this week’s easing, and lifted the Australian dollar 0.3% to $0.6566. However, policymakers still signal further easing, with markets fully pricing in a November cut to 3.35% if inflation continues to cool from its current 2.7%. Labour demand remains resilient, with vacancies 50% above pre-pandemic levels and just 1.8 unemployed per vacancy. Wage growth stayed stable at 3.4% in Q2, well below its 2023 peak of 4.2%, indicating minimal inflationary pressure.

Technical Snapshot

Key Highlights:

NIFTY SPOT: 24631.3 (0.05%)

TRADING ZONE:

Resistance : 24700 (Pivot Level) and 24800 (Key Resistance).

Support: 24500 (Pivot Level) and 24400 (Key Support).

BROADER MARKET: UNDERPERFORMED

MIDCAP 150: 56504.25 (-0.31%), SMALLCAP 250: 17547.45 (-0.38%)

VIEW: Bearish till Below 24800 (Key Resistance).

BANKNIFTY SPOT: 55341.85 (0.29%)

TRADING ZONE:

Resistance: 55600 (Pivot Level) /56000 (Key Resistance)

Support: 54900 (Pivot Level) / 54500 (Key Support).

VIEW: Bearish till below 56000 (Key Resistance)

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.85% - 5.68% on Thursday ended at 4.95%.

* The 10 year benchmark (6.33% GS 2035) closed at 6.4003% on Thursday Vs 6.4811% on Wednesday .

Global Debt Market:

U.S. Treasury yields fell on Thursday as investors awaited further inflation data and looked ahead to the Federal Reserve’s Jackson Hole meeting. At 5:47 a.m. ET, the 10- year Treasury yield was 3 basis points lower to 4.209%, while the 2-year Treasury yield was down over one basis point at 3.67%. Meanwhile, the 30-year Treasury bond yield declined 2 basis points to 4.799%. Investors are looking to the next piece of inflation data, the producer price index, which will be published on Thursday morning. The PPI is a measure of wholesale inflation before goods reach consumers. Dow Jones economists are forecasting the measure of wholesale prices to show a 0.2% rise on the month, after the index came in flat in June. That comes after the consumer price index came in tamer than expected on Tuesday, which eased concerns that tariffs may be causing prices to increase rapidly. Traders are now pricing in a near 100% chance that the Federal Reserve will lower rates from the current range of 4.25% to 4.50% at its next monetary policy meeting in September, according to the CME’s FedWatch Tool. The inflation readings come ahead of the Fed’s annual gathering of the world’s central bankers in Jackson Hole, Wyoming from Aug. 21-23, sponsored by the Kansas City Fed, which will influence future monetary policy decisions. “Next week the Kansas City Fed are hosting their annual economic policy symposium in Jackson Hole in Wyoming, which has historically often been used for the Fed to signal policy shifts,” Deutsche Bank analysts said in a note. “It was last year that Chair Powell said that the ‘time has come for policy to adjust’, just weeks before they cut rates for the first time since the pandemic. So all eyes will be on that conference for any fresh signals on the likelihood of rate cuts,” they added.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.33% GS 2035) yield likely to move in the range of 6.4750% to 6.50% level on Monday.

SEBI Registration number is INH000000081.

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