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Stocks in News

* BHARTI AIRTEL: The company has made a final call of Rs 401.25 on partly paid shares, with Feb. 6 set as the record date and the payment window open from March 2 to March 16, 2026, during which it received Rs 15,000 crore..

* NARAYANA HRUDAYALAYA: The board will convene meetings of shareholders and creditors on January 19 to seek approval for the merger of Meridian Medical Research into the company.

* AEROFLEX INDUSTRIES: The board approved a capacity addition of 13,000 units per year for liquid cooling skids used in data centres, along with plans to install robotic and automated welding lines for flexible stainless-steel hose assemblies and set up an annealing plant for stainless-steel braided hoses for mission-critical applications, as per management requirements.

* BLS INTERNATIONAL: The company has filed a writ petition in the Delhi High Court seeking to quash the two-year debarment imposed by the Ministry of External Affairs, which bars it from participating in MEA tenders and those of Indian missions abroad.

* TATA POWER: The company acquired 64 lakh shares of Khorlocchu Hydro Power, investing Rs 64 crore as the third tranche of its planned Rs 830 crore investment to acquire a 40% stake in KHPL.

* NTPC: The Delhi tax authority issued a Rs.16.9 crore demand order, including interest and penalty, over alleged disallowance of input tax credit, against which the company has filed an appeal.

* BPCL: The company plans to form a joint venture with Coal India to set up a coal gasification project in Maharashtra, with BPCL holding a 49% stake and Coal India owning the remaining 51%.

* BHARTI AIRTEL: Bharti and Singtel agreed to amend the shareholders’ agreement, with Singtel relinquishing certain reserved rights to simplify and clarify governance provisions, without any change to Airtel’s management control or ownership structure, and shareholder approval for the amended Articles to be sought in due course.

Economic News

• India's agri, processed food items to get duty-free access to Oman under trade pact: India and Oman have signed a new trade agreement. This pact grants duty-free access to Oman for Indian agricultural and processed food products. Items like honey, cashews, and meat will benefit. Indian consumers will also see cheaper dates from Oman. This agreement is expected to significantly boost India's exports to Oman.

Global News

* U.S. Inflation Eases, but Soaring Essentials Keep Affordability Pressures Alive: U.S. inflation cooled more than expected in November, with CPI rising 2.7% year-on-year versus a 3.1% forecast, but economists warned the data was distorted by a 43-day government shutdown that delayed price collection and created gaps, making the report less reliable. Despite the softer headline, affordability pressures remain as prices of essentials like beef (+15.8%), coffee (+18.8%) and electricity (+6.9%) surged, while tariff pass-through to consumers is still rising. Core CPI eased to 2.6%, the lowest since March 2021, though shelter inflation appeared unrealistically weak due to missing data. The Fed has cut rates to 3.50–3.75% but signaled caution ahead, as inflation risks from tariffs persist even as a cooling labor market supports expectations of rate cuts in 2026.

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.50%- 5.50% on Thursday ended at 4.80%.

* The 10 year benchmark (6.48% GS 2035) closed at 6.5738% on Thursday 6.5995% on Wednesday .

Global Debt Market:

U.S. Treasury yields were lower on Thursday as investors awaited inflation data, which will offer insights into the state of the U.S. economy. At 4:59 a.m. ET, the 10- year Treasury was down 1 basis point to 4.135%. The 2-year Treasury yield declined by 2 basis points to 3.464%. The 30-year Treasury bond yield was less than 1 basis point lower to 4.818%. Traders are awaiting the consumer price index reading, which is slated to be released by the Bureau of Labor Statistics at 8:30 a.m. ET. It marks the first consumer inflation report since the historic 43-day U.S. government shutdown, which ended last month. Economists surveyed by Dow Jones expect the consumer price index, which measures changes in the cost of goods and services, to show inflation running at 3.1% on a yearly basis. Core CPI, which excludes volatile food and energy prices, is projected to come in at 3.0%.“It really would strengthen monetary policy easing expectations in the last inflation report – CPI report – of 2025 if we could keep inflation in the twos rather than it increasing up to the threes, because that’ll allow more interest rate cuts next year,” José Torres, senior economist at Interactive Brokers, said in an interview with CNBC. The Labor Department said the release won’t include the usual monthly change in inflation, as the October data wasn’t collected during the shutdown. The focus will instead be on the yearly rates. Other economic data that investors are anticipating is the weekly jobless claims report, due today, and existing home sales for November on Friday.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.56% to 6.58% level on Friday.

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