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Stocks in News

* WAAREE ENERGIES: The company’s subsidiary has signed an agreement with ZFI to expand a 2.5 GW electrolyser project in Uttar Pradesh and has also secured an additional 500 MW solar module supply order from an undisclosed manufacturer.

* PATEL ENGINEERING: The company’s joint venture has emerged as the L1 bidder for a Rs.133.3 crore irrigation project in Maharashtra, with the company’s share of the contract valued at Rs.68 crore.

* AVENUE SUPERMART: The company has opened three new stores across Rajasthan and Uttar Pradesh, increasing its total store count to 452.

* IDFC FIRST BANK: The bank stated that the recent stock price volatility was triggered by the detection of a Rs.590 crore fraud at its Chandigarh branch, adding that reports of government de-empanelment are routine and part of normal business operations.

* SIGMA ADVANCE SYSTEM: The company has secured a Rs.100 crore order from the Ministry of Defence to supply control electronics and actuation solutions.

* JSW INFRASTRUCTURE: The company’s subsidiary has received a Project Completion Certificate from RITES for the Liquid Cargo Berth project at Jawaharlal Nehru Port.

* PACE DIGITEK: The company secures a Rs 159 crore purchase order from Reliance Industries for the supply of Li-ion battery packs.

* GREENPLY INDUSTRIES: The company terminates its joint venture with Kulmeet Singh and will acquire his 50% stake in Greenply Alkemal Singapore.

* MOREPEN LABS: The company secures a commercial supply order worth Rs 825 crore under a CDMO arrangement from a global pharma company.

Economic News

* Kazakhstan to supply fresh uranium to India under new deal to fuel nuclear power plants: Kazakhstan, a major uranium producer, will supply a significant amount of uranium to India. This new contract will fuel India's nuclear power plants. The agreement follows recent discussions between Kazakhstan's Kazatomprom and India's Department of Atomic Energy. India and Kazakhstan have a history of uranium supply deals. This development strengthens energy cooperation between the two nations.

Global News

* Donald Trump moves to revive tariff regime with fresh national security probes and potential 15% global levy: Following the recent Supreme Court ruling that struck down his country-specific emergency tariffs, Donald Trump is preparing to rebuild his tariff framework through fresh national security investigations under Section 232 of the Trade Expansion Act of 1962, targeting imports such as batteries, cast iron, electrical grid and telecom equipment, plastics, and industrial chemicals, which could justify new levies on security grounds. This comes alongside the administration’s move to impose a 10% global tariff potentially rising to 15%that may remain in place for up to five months, during which broader import taxes could be structured to offset the court-blocked measures. Additionally, US Trade Representative Jamieson Greer indicated that probes under Section 301 of the Trade Act of 1974 will be launched against major trading partners, covering concerns such as industrial overcapacity, forced labor, pharma pricing, digital services taxes, discrimination against US tech firms, and unfair trade practices in sectors like seafood and rice, with investigations expected to proceed on an accelerated timeline.

Government Security Market:

Highly Traded Govt. Bonds (Top 5) Tax free Bonds in Secondary Market: Particulars Latest Previous Chg (bps) 5 Year GOI Bond 6.39 6.39 (0.03) 10 Year GOI Bond 6.64 6.64 (0.01) 15 Year GOI Bond 7.08 7.08 (0.03) Call Money (WAR) 5.40 5.53 (0.13) CBLO (WAR) 5.11 5.19 (0.08) US 10 Year 4.25 4.25 - Crude Oil (in $/bl) 64.06 65.24 0.09 Inflation (Monthly CPI) 1.33 0.71 0.62 Issuer Coupon Yield LTP Volume Maturity Date 82HUDCO27 8.20 5.81 1,021 4,596 5-Mar-27 810IRFC27 8.10 5.79 1,051 3,320 23-Feb-27 769NHAI31 7.69 5.41 1,115 1,688 9-Mar-31 764IRFC31 7.64 5.42 1,110 1,500 22-Mar-31 891NTPC33 8.91 5.28 1,228 877 16-Dec-33 Security Volume High Low LTP 6.48% GS 2035 15585 98.47 98.2725 98.47 6.68% GS 2040 3345 96.47 96.27 96.47 6.36% GS 2031 1985 100.12 99.9525 100.1075 6.01% GS 2030 1860 99.04 98.90 99.02 7.06% GS 2028 1575 102.6375 102.62 102.63 Taxable Bonds in Secondary Market: ? The Inter-bank call money rate traded in the range of 4.50%- 5.25% on Monday ended at 5.00%. ? The 10 year benchmark (6.48% GS 2035) closed at 6.6970% on Monday Vs 6.7214% on Friday .

Global Debt Market:

U.S. Treasury yields were little changed to start the week as investors weighed President Donald Trump’s latest tariffs, after the Supreme Court struck down much of the duties on Friday. At 3:47 a.m. ET, the 10-year Treasury yield was down less than 1 basis point to 4.076%. The 30-year Treasury bond yield was also less than 1 basis point lower to 4.72%. The 2-year Treasury note yield was also nearly flat at 3.47%. On Friday, the Supreme Court invalidated a huge portion of Trump’s “reciprocal” tariffs in a 6-3 ruling, in which they said that the president wrongfully used the International Emergency Economic Powers Act (IEEPA) to enforce tariffs. They said that the law that underpins the import duties “does not authorize the President to impose tariffs.” Despite this, Trump retaliated Saturday and said he’s raising global tariffs to 15% from 10%, saying it would be “effective immediately,” and additional levies would follow. Investors are monitoring the latest tariff situation closely. “I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff on Countries, many of which have been “ripping” the U.S. off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15% level,” Trump wrote in a post on Truth Social. Investors are also awaiting some economic data on Monday, including durable goods orders and factory orders in the morning, and are looking ahead to the release of the producer price index on Friday.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.6850% to 6.70% level on Tuesday

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