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Stocks in News

* MAX HEALTHCARE: The company doubled its on-site solar capacity in FY25 and used about 70,000 GJ of renewable energy across facilities, supported by low competition and a strong deal pipeline.

* NTPC GREEN: The company signed an agreement with Singareni Collieries to jointly develop renewable energy projects.

* SAMMAN CAPITAL: The company stated that no investigative agencies have any open investigations related to the allegations made in the PIL against SCL.

* OMAX AUTOS: The Lucknow GST Department has withdrawn a Rs 126 crore tax order that was issued over alleged suppression of facts and tax evasion.

* CG POWER: The company received a Rs 365 crore income tax assessment order for AY 2018–19 and is preparing to file an appeal.

* RELAINCE POWER: The board approved forming a Management Board that will include the CEO, key managerial personnel, and business leaders.

* NBCC: The company won a Rs 2,966 crore contract from the Nagpur Metropolitan Authority to develop Naveen Nagpur.

* SAREGAMA INDIA: The company’s subsidiary Pocket Aces acquired a 100% stake in Finnet Media.

* BPCL: LIC sold a 2% stake in the company, reducing its shareholding to 6.7% from 8.8%.

* VARUN BEVERAGES: The company incorporated a wholly-owned subsidiary in Kenya.

Economic News

* Tomato prices soar 50% in 15 days due to excess October rains: Tomato prices have risen sharply across the country as supplies dropped following heavy October rainfall. Government data shows retail prices have increased 25% to 100% in a month across states, with the all-India average up 27% to Rs.46 per kg. Chandigarh recorded the steepest rise at 112%, while Andhra Pradesh, Himachal Pradesh and Karnataka also saw increases above 40%.

* NHAI invites bid for 52 highway projects so far in 2025-26: The project pipeline, totaling 2188 km and requiring a capital expenditure of Rs 1,15,447 crore, could help the ministry of road transport and highways to quickly catch up on its overall targets of awarding and constructing 10,000 km of national highways in 2025-26 with NHAI roughly contributing 45%-50% of total national highway projects in the country

Global News

* Deep Fed Divide Pushes December Rate Cut Into Doubt: The latest Fed minutes reveal a sharply divided central bank: officials cut rates despite concerns about entrenching inflation, damaging credibility, and weakening commitment to the 2% target, leading markets to assign only a 25% chance to a December cut. The split is deepened by missing jobs and inflation data due to the government shutdown, complicating Powell’s balancing act between rising inflation risks and potential labor-market cooling. The October decision saw a 10–2 split with opposing dissents, and the minutes outline three camps for December those wanting a cut, those open to cuts later, and many opposed supporting Powell’s stance that another move is not assured. Markets reacted mildly, and Trump criticized Powell again, while the Fed appears set for a cautious, wait-and-watch approach in December.

Technical Snapshot

Key Highlights:

NIFTY SPOT: 26052.65 (0.55%)

TRADING ZONE:

Resistance: 26150 (Pivot Level) and 26300 (Key Resistance). Support: 25900 (Pivot Level) and 25800 (Key Support).

BROADER MARKET: Inline

MIDCAP 150: 60949.05 (0.21%), SMALLCAP 250: 18075.95 (-0.43%)

VIEW: Bullish Till Above 25800 (Key Support).

BANKNIFTY SPOT: 59216.05 (0.54%)

TRADING ZONE:

Resistance: 59500 (Pivot Level) / 59800 (Key Resistance) Support: 58700 (Pivot Level) / 58300 (Key Support)

VIEW: Bullish Till Above 58300 (Key Support)

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.85%- 5.45% on Wednesday ended at 5.00%.

* The 10 year benchmark (6.48% GS 2035) closed at 6.4884% on Wednesday Vs 6.4842% on Tuesday .

Global Debt Market:

The 10-year Treasury yield held steady Wednesday as markets braced for data on the October trade balance and a backlog of delayed economic releases that could shape the Federal Reserve’s December rate decision. The yield on the 10-year Treasury moved less than 1 basis point lower to 4.117%. The 2-year note yield was relatively flat at 3.573% and the 30-year bond yield was also little changed at about 4.74%. Last week, U.S. President Donald Trump signed a funding measure that ended the longest government shutdown in the nation’s history. The most closely watched economic data release will be September’s nonfarm payrolls, set for release by the Bureau of Labor Statistics on Thursday, the first major report delayed by the shutdown. Fed Governor Christopher Waller on Monday underscored the importance of labor-market conditions in supporting another rate cut in December, saying he is unconcerned about accelerating inflation or rising inflation expectations. Investors will also monitor Thursday’s Federal Open Market Committee minutes for further insight into potential December policy moves.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.4750% to 6.49% level on Thursday.

SEBI Registration number is INH000000081.

Please refer disclaimer at https://geplcapital.com/term-disclaimer