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Stocks in News

* ORIENTAL RAIL INFRASTRUCTURE: Crisp summary: The company has secured a Rs.3.7 crore order from Eastern Railway to supply 4,172 knuckles for freight stock wagons.

* GOEL CONSTRUCTION: The company has secured a Rs.173 crore order from the Aditya Birla Group for civil construction work at its Pali cement unit.

* JINDAL STAINLESS: The company plans a three-pronged investment of nearly Rs.5,700 crore and aims for a progressive dividend payout of up to 20% of PAT.

* HUL: The company appointed Bobby Parikh as Independent Director for five years from December 1, and its ice-cream business demerger into Kwality Wall’s India becomes effective the same day, with a 1:1 share issue record date set for December 5.

* OIL INDIA: The company expects steady oil production of 3.5–3.6 MMT for FY25–26 and plans on-schedule commissioning of raw material and product pipeline extensions, while NRL gradually ramps capacity from 3 MMT to 9 MMT.

* GR INFRAPROJECTS: The company won a Rs.262 crore construction tender from Western Railways in the Vadodara division and secured a project for converting a 38.9 km track along with related works.

* NTPC GREEN: The company’s subsidiary commenced commercial operations for 75.5 MW from its 1,255 MW Khavda solar project, increasing total installed capacity to 7,639.075 MW.

* WAAREE ENERGIES: The Income Tax Department conducted investigative visits at the company’s offices and facilities, and the company is fully cooperating.

* KEC INTERNATIONAL: The company has been barred from participating in Power Grid tenders for nine months, though existing projects and overall operations remain unaffected.

Economic News

* US sanctions spoil Russia’s well-oiled trade with India; New Delhi’s loadings plunge 66% in Nov: Russian crude supplies to India dropped sharply in November as refiners grew cautious following US sanctions on Rosneft and Lukoil. India-bound loadings fell two-thirds to 672,000 bpd between November 1-17, down from 1.88 million bpd in October, according to Kpler. Russia’s overall exports also slipped, with many tankers now sailing without declared destinations as exporters seek sanction-proof routes.

Global News

* BoE poised for December rate cut as cooling inflation shifts forecasts: Most economists now expect the Bank of England to cut rates in December and again early next year as inflation begins to ease. This shift follows a tight 5-4 MPC vote to hold rates and comes ahead of Finance Minister Rachel Reeves’ Autumn Budget, which is likely to avoid income tax hikes but rely on smaller tax measures. A Reuters poll shows nearly 80% forecasting a 25 bps cut to 3.75% on December 18, with many expecting another cut to 3.50% in Q1 2026. Cooling inflation data, a softening jobs market, and futures pricing all point to imminent easing. Inflation is expected to drift from 3.8% to 3.6% and continue toward 2.5% next year, while growth remains modest at 1.4% this year and 1.1% in 2026.

Technical Snapshot

Key Highlights:

NIFTY SPOT: 25910.05 (-0.4%)

TRADING ZONE:

Resistance: 26000 (Multiple Touches) and 26150 (Key Resistance). Support: 25800 (Pivot Level) and 25700 (Key Support).

BROADER MARKET: Inline

MIDCAP 150: 60822 (-0.59%), SMALLCAP 250: 18154.75 (-1.05%)

VIEW: Bullish Till Above 25700 (Key Support).

ANKNIFTY SPOT: 58899.25 (-0.11%)

TRADING ZONE:

Resistance:59250 (Pivot Level) / 59550 (Key Resistance) Support: 58500 (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 4.75%- 5.45% on Tuesday ended at 5.35%.

* The 10 year benchmark (6.48% GS 2035) closed at 6.4842% on Tuesday Vs 6.4978% on Monday .

Global Debt Market:

U.S. Treasury yields fell on Tuesday as investors prepared for the release of delayed jobs data after the 43-day government shutdown ended. The 10-year Treasury yield the benchmark for U.S. government borrowing fell almost 3 basis points to 4.104% as of 4:47 a.m. ET Tuesday. Yields on the 2-year Treasury note dropped by more than 4 basis points to 3.568% . The 30-year bond yield, meanwhile, fell more than 1 basis point to 4.717%. Expectations of a further interest rate cut in December by the Federal Reserve have receded lately, as the data blackout resulting from the longest government shutdown in history has clouded the overall economic picture. With the Fed increasingly divided over the future path of monetary policy, investors are now keeping close tabs on several crucial economic indicators, set to be released in the coming days, to help navigate the uncertainty. This flurry of data includes the trade balance for August, scheduled to be published Wednesday, followed by the Bureau of Labor Statistics’ nonfarm payrolls report September on Thursday. Ahead of those numbers, the ADP Employment Change Weekly, out Tuesday, will also offer a snapshot of employment in the U.S. private sector.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.47% to 6.4850% level on Wednesday.

SEBI Registration number is INH000000081.

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