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Stocks in News

* CIPLA: The company has partnered with Eli Lilly to distribute Tirzepatide in India under the brand name Yurpeak, used for treating Type-2 diabetes and obesity, priced on par with Eli Lilly’s Mounjaro.

* SYRMA SGS: The company has signed an agreement with Premier Energies to acquire KSolare Energy for Rs.170 crore.

* HERO MOTOCORP: The company has entered the UK market through a partnership with MotoGB and launched its Euro 5+ range led by Hunk 440, expanding its global footprint to 51 countries.

* VODAFONE IDEA: The company has invested Rs.26,000 as the first tranche of its total proposed Rs.1.56 crore investment in the capital of ABRen SPV 3.

* ARSS INFRA: The company has secured multiple orders totaling Rs.164 crore from Shivam Condev.

* NTPC GREEN ENERGY: The company’s subsidiary has commenced commercial operations of 9.9 MW from its 92.4 MW wind project in Bhuj, boosting NTPC Green Energy Group’s total installed capacity to 7,563.57 MW.

* ISOLATION ENERGY: The company plans to migrate its listing from BSE SME to the BSE and NSE main boards, with the board approving a borrowing limit of up to Rs.5,000 crore.

* ORIENTAL HOTEL: The company plans to invest $1.76 million in its subsidiary, OHL International (HK).

* SYGENE INTERNATIONAL: The company confirms the expansion of its Biologics facility with new ADC bioconjugation capability, stating the investment is part of its regular business operations.

Economic News

* RBI seeks gold comfort over dollar assets: In a bold move towards financial stability, India's Reserve Bank is transforming its foreign exchange strategy. By acquiring more gold and scaling back on US Treasury Securities, the bank is effectively diversifying its reserves. This shift underscores gold's reputation as a secure asset in volatile economic climates, with India's gold reserves now surpassing a staggering 100 billion dollars.

Global News

* U.S. existing home sales hit a seven-month high, led by luxury buyers, but affordability and economic uncertainty limit broader demand: U.S. existing home sales rose to a seven-month high in September, reaching a seasonally adjusted annual rate of 4.06 million units, driven mainly by higherend properties as wealthier households benefit from stock market gains. Sales increased in the Northeast, South, and West but declined in the Midwest, with year-over-year growth of 4.1%. While mortgage rates have dropped to a oneyear low of 6.19%, affordability challenges, a weak labor market, and economic uncertainty are limiting broader demand, especially among lower- and middle-income buyers. Homes priced above $1 million saw a 20.2% jump, while lower-priced homes increased only modestly. Inventory rose 14% to 1.55 million units, offering more choice and negotiation room, though still below prepandemic levels. Median home prices increased 2.1% to $415,200, and properties stayed on the market slightly longer at 33 days. First-time buyers made up 30% of sales, with all-cash and distressed sales steady at 30% and 2%, respectively. Economists expect sales to remain mostly flat through early 2026 before improving as mortgage rates fall and the labor market strengthens. Government shutdown-related issues, including delayed flood insurance and contract closings, are also impacting the market.

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.40%- 5.60% on Thursday ended at 5.25% .

* The 10 year benchmark (6.33% GS 2035) closed at 6.5357% on Thursday Vs 6.5040% on Monday .

Global Debt Market:

U.S. Treasury yields moved higher on Thursday as investors monitored the latest trade news and looked ahead to key inflation data. At 5:24 a.m. ET, the 10-year Treasury yield added over three basis points to 3.989%, while the 2-year Treasury note yield was up 1 basis point at 3.463%. The 30-year bond was also up 3 basis points to 4.575%. Investors are keeping an eye on trade relations between the U.S. and China as President Donald Trump announced Wednesday that his upcoming meeting with Chinese President Xi Jinping has been “scheduled.” Meanwhile, Treasury Secretary Scott Bessent said the White House is considering plans to restrict exports to China made with U.S. software, telling CNBC’s Eamon Javers that “everything’s on the table.” The plans would be in retaliation for Beijing’s sweeping rare-earth export controls. “If these export controls, whether it’s software, engines or other things happen, it will likely be in coordination with our G-7 allies,” Bessent said. Investors are also looking ahead to the postponed consumer price index, slated for release on Friday, which will offer further clues about the health of the U.S. economy ahead of the Federal Reserve’s meeting later this month. Traders are widely expecting the Fed to cut rates by another quarter percentage point, per the CME FedWatch Tool. “We don’t think the report will deter the FOMC from cutting rates, even without supporting data on nonfarm payrolls, as many officials are fearful that the surprising weakness seen in the August jobs report signaled a sharp deterioration in jobs,” CFRA chief investment strategist Sam Stovall said in a note to clients.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.33% GS 2035) yield likely to move in the range of 6.52% to 6.54% level on Friday

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