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Stocks in News

* ZYDUS LIFE: The company received final US FDA approval for Verapamil Hydrochloride tablets, a drug used to lower the risk of strokes and heart attacks.

* BAYER CROSCIENCE: The company expects a healthy crop outlook supported by strong cotton export demand recovery by FY26–27, steady acreage and firm prices in corn, and favourable pricing in pulses and oilseeds driven by government support and import restrictions.

* UNITED BREWERIES: The company launched its premium beer, Heineken Silver, in New Delhi, priced between Rs 155 and Rs 305.

* NCC: The company launched its premium beer, Heineken Silver, in New Delhi, priced between Rs 155 and Rs 305.

* SURYA ROSHNI: The company will set up solar power plants at two facilities with a combined capacity of over 3 MWp, supported by an investment of around Rs 10.15 crore.

* TV TODAY: The company approved an MoU with Abhijit Realtors and Infraventures to sell its FM radio broadcasting operations (three stations under 104.8 FM) for Rs 10 crore, enabling sharper focus on its core business.

* A-1 LTD: The company secured a Rs 150.5 crore order to supply 25,000 MT of industrial urea to manufacturing sites across India.

* PATEL ENGINEERING: The company’s board will meet on Nov. 28 to consider a rights issue of up to Rs 500 crore.

* WAAREE ENERGIES: The I-T Department completed searches at the company’s offices and facilities, and the company confirmed that all plants and offices continued operating without disruption during the investigation.

Economic News

* Centre halts fresh Jal Jeevan Mission funds until states act on widespread corruption findings: The Centre is tightening its grip on the Jal Jeevan Mission, halting fund releases until states address corruption and irregularities. Following a high-level review and deployment of nodal officers, action has been taken against hundreds of officials and contractors, with FIRs lodged in several states. A scheme-based funding model will replace lump sums to ensure accountability

Global News

* BOJ signals a possible December rate hike as weak yen and fading political resistance push it toward policy normalisation: The Bank of Japan is signalling a possible rate hike as early as December, shifting back to a hawkish tone as the yen weakens and political resistance fades. Recent comments from BOJ officials, including Governor Ueda, point to growing concern that a persistently weak yen could push inflation higher, prompting the bank to prepare markets for a potential move. A Reuters poll shows most economists now expect a December hike, with rates seen rising to 0.75% by March. Support for tightening is increasing within the nine-member board, and even traditionally dovish voices are acknowledging the need to discuss timing. Political leaders, including Prime Minister Takaichi and Finance Minister Katayama, have signalled no objection to further hikes, especially as the yen hovers near 10-month lows. While uncertainty around the upcoming U.S. Federal Reserve decision could influence yen pressures and the BOJ’s timing, the overall messaging suggests the central bank is edging closer to normalising policy after years of ultra-low rates.

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.75%- 5.50% on Tuesday ended at 5.10%.

* The 10 year benchmark (6.48% GS 2035) closed at 6.4557% on Tuesday Vs 6.4758% on Monday .

Global Debt Market:

U.S. Treasury yields held steady on Tuesday morning as investors monitored clues about whether the Federal Reserve will cut interest rates again in December. At 4:29 a.m. ET, the 10-year Treasury was less than a basis point higher to 4.038%, while the 30-year bond yield was little changed at 4.677%. The 2-year note yield was up less than 1 basis point to 3.491%. Investors are continuing to watch for any news that could impact the Fed’s decision when it meets on December 10. The Fed cut the rate by a quarter percentage point at its September meeting. Some Fed policymakers have hinted that another cut would be likely, before U.S. markets close on Thursday for the Thanksgiving, and the beginning of the FOMC blackout period which will begin on 29th November. New York Fed President John Williams said Friday that he still sees the likelihood for “further adjustment in the near term” for interest rates, to move policy stance closer to neutral. Mary Daly, president of the Federal Reserve Bank of San Francisco told The Wall Street Journal on Monday that she also supported lowering rates as a result of the “vulnerable” labor market. Fed Governor Christopher Waller indicated on Monday that a December rate cut would be appropriate due to the weaker job market. However, Boston Fed President Susan Collins, said Saturday that she’s leaning against a rate cut and sees “reasons to be hesitant” about lowering the short term borrowing cost.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.4450% to 6.4650% level on Wednesday

SEBI Registration number is INH000000081.

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