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Stocks in News

* OBEROI REALTY, LODHA DEVELOPERS: Invesco Developing Markets Fund is planning a clean-up trade with Goldman Sachs as the banker, involving block deals in Oberoi Realty and Lodha Developers. The Oberoi Realty deal is worth $230 million at a 4% discount (floor price: Rs 1,753.2), while the Lodha Developers deal is valued at $165 million, also at a 4% discount (floor price: Rs 1,384.6).

* KNR CONSTRUCTIONS: The Delhi High Court ruled that the NHAI suspension order against KNR Ramanattukara Infra has expired, lifting its disqualification from bidding on new projects.

* MAN INFRA: The board approved the conversion of 1.58 crore convertible warrants into equity shares, totaling Rs 184 crore.

* DENTA WATER: The company secured new orders worth Rs 183 crore across seven projects and reappointed Manish Jayasheel Shetty as Managing Director for another three years.

* OSWAL PUMP: The company completed the acquisition of 5.2 crore equity shares in its wholly owned subsidiary, Oswal Solar Structure, for Rs 303.76 crore.

* INFOSYS: The company announced an extended strategic collaboration with AGCO Corporation to transform its IT infrastructure and HR operations.

* UNO MINDA: The company, through its step-down subsidiary Minda Industries Vietnam Company, has completed the acquisition of Friwo Vietnam Company’s e-Drives business assets.

* DCW: The company commissioned the first phase of its CPVC capacity expansion ahead of schedule, adding 20,000 MT and doubling total capacity to 40,000 MT.

* HEROMOTO CORP: The company launched the new HF Deluxe Pro motorcycle, priced at Rs 73,550.

* VERANDA LEARNING: The company closed its QIP and approved the allocation of 1.58 crore shares at Rs 225.2 per share.

Economic News

* India's July rice stocks at record high and wheat hits four-year peak: India's rice reserves hit a record high, 15% up from last year. Wheat stocks also reached a four-year peak. This is due to increased buying from farmers. High rice stocks could boost exports. Improved wheat reserves may help control prices. The government procured nearly 30 million tons of wheat. India may not need to import wheat this year.

Global News

* Euro zone firms stay upbeat on growth but face profit squeeze amid trade tensions: Britain's public borrowing rose sharply to £20.7 billion in June—well above forecasts—driven by high inflation pushing up debt interest costs, which reached £16.4 billion, the third highest on record. Over April– June, borrowing totaled £57.8 billion, up 15% YoY, making it the third-highest first-quarter deficit historically. The current budget deficit reached £44.5 billion in the same period, £5 billion more than expected. Amid weak economic growth and the government’s decision to drop welfare cuts, Finance Minister Rachel Reeves faces growing pressure to raise taxes—potentially by £20 billion—to meet fiscal targets, with rising defence spending adding to the challenge. Higher National Insurance contributions have offered some fiscal.

Technical Snapshot

Key Highlights:

NIFTY SPOT: 25060.9 (-0.12%)

TRADING ZONE:

Resistance :25200 (Pivot Level) and 25300 (Key Resistance)

Support: 25000 (Pivot Level) and 24900 (Key Support).

BROADER MARKET: UNDERPERFORMED

MIDCAP 150: 59103.4 (-0.61%), SMALLCAP 250: 18893.35 (-0.34%)

VIEW: Bearish till below 25200 (Pivot Level).

BANKNIFTY SPOT: 56756 (-0.35%)

TRADING ZONE:

Resistance: 57200 (Pivot Level) / 57600 (Key Resistance)

Support: 56500 (Pivot Level) / 56000 (Key Support).

VIEW: Bullish till above 56500 (Pivot Level).

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.75% - 5.80% on Tuesday ended at 5.00%.

* The 10 year benchmark (6.33% GS 2035) closed at 6.3069% on Tuesday Vs 6.2996% on Monday .

Global Debt Market:

U.S. Treasury yields crept higher on Tuesday as investors awaited Federal Reserve Chairman Jerome Powell’s speech. The 10-year Treasury yield was nearly 2 basis points higher at 4.388%. The 2-year yield rose 1 basis point to 3.865%. The 30-year yield was 2 basis points higher at 4.956%. Investors will be monitoring Powell’s speech at an event in Washington on Tuesday morning for more clues about monetary policy. President Donald Trump has been calling for the central bank leader’s removal for months now, and the conflict remains in focus for investors. U.S. Treasury Secretary Scott Bessent suggested Monday that the Federal Reserve as an institution needs to be reviewed. “What we need to do is examine the entire Federal Reserve institution and whether they have been successful,” Bessent said in an interview on CNBC’s “Squawk Box.” “Has the organization succeeded in its mission? If this were the [Federal Aviation Administration] and we were having this many mistakes, we would go back and look at why has this happened.” Bessent also questioned the Fed’s decision not to lower interest rates this year, given that the U.S. has “seen very little, if any, inflation.” ″I think this idea of them not being able to break out of a certain mindset,” Bessent said, referring to Fed officials. “All these Ph.D.s over there, I don’t know what they do.” It’s quiet on the economic data front this week, but investors will keep an eye out for existing home sales data for June on Wednesday, as well as weekly initial jobless claims and new home sales in June on Thursday. They will also await data on durable goods orders for the previous month, on Friday.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.33% GS 2035) yield likely to move in the range of 6.2950% to 6.31% level on Wednesday.

SEBI Registration number is INH000000081.

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