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Stocks in News

* INFOSYS: The company has extended its partnership with Switzerland's Sunrise to drive IT transformation and advance AI-led initiatives.

* HCL TECHNOLOGIES: The company has renewed and expanded its digital transformation agreement with a Swedish automaker to deliver AI-driven services.

* CHALET HOTEL: The company approved the allotment of Rs.100 crore commercial papers on a private placement basis and redeemed 6,000 preference shares worth Rs.100 crore.

* SHANKAR SHIPBUILDING PRODUCT: The company updated the postdemerger share cost, advising 34.19% allocation to Shankara Building Products and 65.81% to Shankara Buildpro.

* SWIGGY: The board approved transferring Instamart’s quick commerce operations and divesting Rapido stakes, including 10 equity shares and 1.64 lakh preference shares for Rs.1,968 crore, along with 35,958 preference shares to Setu AIF Trust for Rs.431 crore.

* AARTI PHARMLAB: The company expects to commission Phase 1 of its Atali Greenfield site in 2025 with a reactor capacity of over 450 KL.

* BAJAJ ELECTRICALS: The board approved acquiring the ‘Morphy Richards’ brand and related IP rights in India and neighboring regions from Glen Electric Limited for Rs.146 crore, subject to approvals.

* DILIP BUILDCON: The company has been declared L-1 bidder for a Rs.1,115.37 crore project by Kerala Industrial Corridor Development Corporation.

* LATEN VIEW ANALYTICS: The company stated that the H-1B visa fee will not have any major impact on its operations.

* MINDA CORPORATION: The company will begin commercial production of EV components at the start of FY26.

Economic News

* India close partner of US, but Trump imposed additional tariff for purchasing Russian oil: US Secretary of State Marco Rubio said that President Donald Trump imposed tariffs on India for buying Russian oil. Rubio met with External Affairs Minister S Jaishankar to discuss bilateral and international issues. Both agreed to promote a free and open Indo-Pacific region. Trump claimed to have brokered peace between India and Pakistan, among other conflicts.

Global News

* Australian CPI rises 3% in August, core inflation steady, keeping RBA rate cuts on hold: Australian consumer prices rose at the fastest annual pace in a year in August, with the CPI up 3.0% from a year ago, slightly above forecasts. Monthly CPI was flat, aided by a 6.3% drop in electricity prices from government rebates and a 3.5% fall in holiday travel and accommodation. Core inflation remained steady, with the trimmed mean at 2.6% annually, while a measure excluding volatile items rose to 3.4%. The Australian dollar edged up 0.2% to $0.6611, while three-year government bond futures slipped slightly. Investors expect the Reserve Bank of Australia to keep rates at 3.6% this month, reducing the likelihood of a November cut. RBA Governor Michele Bullock noted the economy is strong, with inflation expected to return to the 2–3% target range and unemployment at a low 4.2%. The central bank continues to prioritize quarterly inflation data, showing little urgency for immediate rate changes.

Technical Snapshot

Key Highlights:

NIFTY SPOT: 25169.5 (-0.13%)

TRADING ZONE:

Resistance : 25300 (Pivot Level) and 25400 (Key Resistance).

Support: : 25100 (Pivot Level) and 25000 (Key Support).

BROADER MARKET: OUTPERFORMED

MIDCAP 150: 58496.6 (-0.35%),

SMALLCAP 250: 18191.75 (-0.53%)

VIEW: Bullish till above 25000 (Key Support).

BANKNIFTY SPOT: 55509.75 (0.41%)

TRADING ZONE:

Resistance: 55800 (Pivot Level) / 56300 (Key Resistance)

Support: 55000 (Pivot Level) / 54700 (Key Support)

VIEW: Bullish till above 54700 (Key Support)

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.75%- 5.70% on Tuesday ended at 4.95% .

* The 10 year benchmark (6.33% GS 2035) closed at 6.4729% on Tuesday Vs 6.4885% on Monday .

Global Debt Market:

U.S. Treasury yields slipped on Tuesday, as investors look ahead to remarks due out from central bank officials this week, including a speech by Fed Chair Jerome Powell expected later in the day. The 10-year Treasury yield was roughly one basis point lower at 4.133%. The 2-year Treasury yield was little changed at 3.599%. The 30-year Treasury bond yield lost one basis point to 4.75%. One of the key economic updates expected this week is the personal consumption expenditures (PCE) index — the Federal Reserve’s favored inflation measure — which should give a glimpse of inflationary pressures and the state of the broader U.S. economy. Last week, the Fed delivered its first rate cut of the year, meeting market expectations by lowering its benchmark interest rate by a quarter-percentage point. “Given there haven’t been material data developments since last week’s press conference, our US economists expect his tone to align closely with his remarks last week,” Deutsche Bank’s analysts said in a research note. The Fed’s “dovish shift” during the September assembly of the Federal Open Market Meeting Committee should be positive for interest rate markets over the next several months, said global asset manager Eastspring Investments in a note published Tuesday.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.33% GS 2035) yield likely to move in the range of 6.4625% to 6.4825% level on Wednesday.

SEBI Registration number is INH000000081.

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