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Stocks in News

* BHARAT ELECTRONIC: The company and Safran Electronics & Defence have signed a joint venture agreement to manufacture HAMMER smart precisionguided air-to-ground weapons in India, strengthening domestic defence production under the Ministry of Defence’s initiative.

* ROSSARI BIOTECH: The company’s subsidiary received GIDC approval on Nov. 24, 2025, to transfer rights for a 12,608 sq. m leasehold plot in the Dahej industrial estate, Gujarat, enabling smoother asset reallocation and operational planning.

* CELLO WORLD: The company has leased the “Cello Brand” trademark for stationery and writing instruments under a zero-royalty agreement with CPIW and will invest about Rs.50 crore over the next year to upgrade its manufacturing base. It expects the brand to generate nearly Rs.200 crore in revenue in its first year of operations starting January 2026.

* BALAJI AMINES: The company has received a summon order from the Ahmedabad Court Authority for an alleged violation of the Drugs and Cosmetics Act and has been instructed to appear before the court on Dec. 4.

* DR REDDY: The company has secured European Commission approval to market AVT03, a biosimilar to Prolia and Xgeva, enabling its entry into the osteoporosis and bone-complication treatment market in Europe.

* STALLION INDIA FLUROCHEMICALS: The company has maintained its FY26 revenue growth guidance of 30–35%, underscoring confidence in its business momentum.

* EICHER MOTORS: The company received a Rs 16.5 lakh E-way Bill penalty order from the Uttar Pradesh Authority over an alleged mismatch in the goods unloading location.

Economic News

* India's economy likely grew 7.3% in July-September quarter: India's economy is projected to have grown 7.3 percent in the July-September quarter. Strong rural and government spending supported this growth. Household consumption also improved. However, private investment remained subdued. This indicates uneven economic expansion. Government expenditure continues to be a key growth driver. India remains a leading global economy.

Global News

* Tariffs Cool U.S. Factory Growth as Inflation Pressures Dent Demand and Sentiment: U.S. factory activity slowed to a four-month low in November as tariff-driven price pressures weakened demand, causing inventories to surge and signaling risk to broader economic growth. Consumer sentiment toward big-ticket purchases also deteriorated sharply, with the University of Michigan citing frustration over high prices and weakening incomes, while Trump’s import duties continued to strain lower- and middle-income households and recent stock-market losses dented confidence among wealthier consumers. S&P Global’s manufacturing PMI slipped to 51.9, with new orders falling and inventories hitting a record high, though services activity strengthened to 55.0 on improved business confidence tied to expected rate cuts, the end of the government shutdown, and easing political concerns. Consumer sentiment inched up but remained near multi-year lows, as inflation expectations stayed elevated and price measures in the PMI showed continued cost pressures, reducing chances of further Fed rate cuts. Despite uncertainty, the labor market showed no major deterioration, though firms flagged tariff-related cost worries as a constraint.

Technical Snapshot

Key Highlights:

NIFTY SPOT: 25959.5 (-0.42%)

TRADING ZONE:

Resistance:26150 (Multiple Touches) and 26300 (Key Resistance). Support: 25800 (Pivot Level) and 25500 (Key Support).

BROADER MARKET: UNDERPERFORMED

MIDCAP 150: 60081.6 (-0.32%), SMALLCAP 250: 17696.5 (-0.85%)

VIEW: Bullish till above 25800 (Pivot Level).

BANKNIFTY SPOT: 58835.35 (-0.05%)

TRADING ZONE:

Resistance: 59000 (Key Resistance) / 59440 (All Time High) Support: 58500 (Pivot Level) / 58100 (Key Support)

VIEW: Bullish till above 58100 (Key Support)

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.75%- 5.60% on Monday ended at 5.00%.

* The 10 year benchmark (6.48% GS 2035) closed at 6.4758% on Monday Vs 6.5172% on Friday .

Global Debt Market:

U.S. Treasury yields were slightly lower on Monday morning as bond traders kicked off a shortened trading week and awaited more delayed economic data. At 5:16 a.m. ET, the 10-year Treasury yield fell just over one basis point to 4.052%, while the 30-year bond yield moved 2 basis points lower to 4.690%. The 2-year note yield dropped less than a basis point to 3.512%. Investors will see several economic data points released this week that were delayed during the historic 43-day U.S. government shutdown. This will continue the release of delayed reports from last week. Key events will include the publishing of the October U.S. retail sales and October Producer Price Index data on Tuesday, both of which could influence expectations ahead of the Federal Reserve’s final meeting of the year. On Wednesday, investors will see the weekly initial jobless claims and durable good orders. The bond market will be closed on Thursday due to Thanksgiving Day. Investors are also turning their attention to the Fed’s interest rate decision next week, with policymakers continuing to disagree over the future path of interest rates. Traders are currently pricing in a roughly 75% chance of a quarter point cut from the Fed next month, per the CME FedWatch Tool. The target rate is currently at 3.75% to 4.00%.

10 Year Benchmark Technical View:

The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.4675% to 6.48% level on Tuesday.

SEBI Registration number is INH000000081.

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