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Stocks in News

* JINDAL SAW: The American Petroleum Institute (API) has barred the company from using the API monogram on its seamless pipes, restricting certification-linked branding and potentially impacting sales credibility.

* BHARAT FORGE: The company signs an MoU with VVDN Technologies to collaborate on strategic solutions for the automotive, defence, and data centre markets.

* DCX SYSTEM: The company and its subsidiary have secured combined orders worth Rs.45.4 crore for the supply of cable assemblies and printed circuit assemblies, strengthening the order book visibility.

* GNG ELECTRONIC: The company has entered into a distribution agreement with Ingram Micro and Supertron Electronics to distribute refurbished computers across India, expanding its nationwide reach and channel presence.

* DR REDDY’S LAB: The company signs a $32.15 million pact with Mercury Pharma Group to buy the trademarks "Progynova" and "CycloProgynova."

* COCHIN SHIPYARD: The company has signed a contract worth over Rs.2,000 crore with CMA CGM, France, for the construction of six feeder container vessels, significantly boosting its order book and strengthening its presence in the shipbuilding segment.

* ZYDUS LIFESCIENCES: The company receives US FDA approval for Bosentan tablets, used in treating pulmonary arterial hypertension.

* PACE DIGITEK: The company has secured a $1.35 million order from Yaqin Chem for the supply of mobile battery systems, strengthening its export order book.

* DLF: NCLT Chandigarh approves the merger of eight of the company's arms with another arm, Highvista Buildcon.

* BL KASHYAP AND SONS: The company has secured a Rs.300 crore order from CRC Greens for the execution of civil construction works, boosting its project pipeline.

Economic News

* FCI signs MoU with WFP to supply rice to support eradication of global hunger: India's Food Corporation of India (FCI) has signed a five-year Memorandum of Understanding with the World Food Programme (WFP) to supply 2 lakh tonnes of rice. This pact aims to combat global hunger and support humanitarian operations, reinforcing India's commitment to international food security and aiding vulnerable populations.

Global News

* U.S. factory output jumps to 11-month high, signaling early signs of manufacturing recovery: U.S. manufacturing showed strong recovery momentum in January, with factory output rising 0.6% the biggest increase in 11 months and ahead of expectations signaling resilience despite pressure from high interest rates and tariffs imposed under Federal Reserve data. Manufacturing, which makes up 10.1% of the economy, grew 2.4% year-on-year, supported by broad-based gains across durable goods (up 0.8%), including machinery, electronics, and motor vehicles, and nondurable goods (up 0.4%), such as chemicals and paper products, while utilities output rose 2.1% due to cold weather and mining declined 0.2%. Overall industrial production increased 0.7% month-on-month and 2.3% year-on-year, with capacity utilization improving to 76.2%, though still below its long-term average, indicating gradual but incomplete recovery in the industrial sector.

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.50%- 5.20% on Wednesday ended at 4.70%.

* The 10 year benchmark (6.48% GS 2035) closed at 6.6780% on Wednesday Vs 6.6600% on Tuesday

Global Debt Market:

U.S. Treasury yields edged higher on Wednesday as investors anticipated the Federal Reserve’s meeting minutes and key inflation data. At 2:48 a.m. ET, the 10-year Treasury yield rose over 2 basis points to 4.075%, and the 30-year Treasury bond yield was up 1 basis point to 4.7%. The 2-year Treasury note yield was 1 basis point higher at 3.453%. Investors will be keeping an eye out for the FOMC meeting minutes, which will be released at 2 p.m. ET, offering insights into policymakers’ decision-making at the Fed’s January meeting. The central bank held its key interest rates steady in January at a range between 3.5% and 3.75%, in line with traders’ expectations. Fed Chairman Jerome Powell said at the time that the committee would make decisions about rates “meeting by meeting” and based on incoming data. Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets, said in a note on Tuesday: “We’ll be watchful of the discourse between the hawks and doves as the Committee held rates steady for the first time since restarting the process of normalization in September 2025.” He added: “The release will be informative insofar as the Fed’s reaction function to the incoming data, as well as providing some detail regarding the underlying motivation not to cut rates in January.” Investors are also looking ahead to the release of the personal consumption expenditure price index, the Fed’s preferred inflation gauge, on Friday, which they will provide further insight into the state of the economy

10 Year Benchmark Technical View :

The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.66% to 6.68% level on Friday.

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