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Stocks in News

* CROMPTON GREAVES: The company won a Rs.445 crore order to install solar rooftop systems across 40,000 homes in Andhra Pradesh.

* RCF: The company obtained approval from the Department of Fertilisers to transfer 7,104 sq. metres of land to the Municipal Corporation of Greater Mumbai.

* HINDALCO: The company expects to restart its Hot Mill by December 2025, followed by a 4–6 week ramp-up, and has signed an agreement to acquire 100% stake in EMIL Mines & Mineral Resources, with completion due by November 30.

* PURAVANKARA: The company’s subsidiary won a Rs.211.5 crore order for core, shell, and finishing works in a residential project.

* RAILTEL CORPORATION: The company announced the cancellation of a Rs.210 crore work order by the Bihar Education Project Council due to unavoidable reasons.

* BHARAT WIRE ROPES: The company announced that Lloyds Metals acquired CCPS from promoters and banks via an off-market deal, with no change to its paid-up capital.

* IRCON INTERNATIONAL: The company, in JV with Finolex J-Power Systems, won a Rs.168 crore order from the Maharashtra State Electricity body.

* EPACK PREFAB: The company won a Rs.130 crore order from Avaada Ventures to set up a glass factory in Nagpur.

* JK CEMENT: JK Cement commissions a 1 MTPA grinding facility at Prayagraj, raising its Prayagraj capacity to 3 MTPA and overall grey cement production to 26.26 MTPA.

* RELIANCE INTELLIGENCE: Reliance Intelligence, a Reliance Industries subsidiary, forms joint venture Reliance Enterprise Intelligence with Facebook Overseas, investing Rs 2 crore in enterprise AI services.

Economic News

* India looks to increase rice exports to 26 markets: India is embarking on an exciting journey to broaden its rice export horizons, now eyeing 26 new international markets. Key players in this expansion include the Philippines, Indonesia, the UK, and Mexico. With rice exports already experiencing remarkable growth, the Bharat International Rice Conference 2025 will play a pivotal role, gathering industry leaders to explore fresh opportunities and foster connections.

Global News

* Japan’s service-sector inflation accelerates for second month, supporting BOJ’s 2% target amid rising labour costs: Japan’s service-sector inflation picked up for a second month in September, with the services producer price index rising 3% YoY, up from 2.7% in August, highlighting rising labour costs in sectors like hotels and construction. The data supports the Bank of Japan’s view that sustained inflation around its 2% target is achievable. Ahead of its two-day policy meeting ending Thursday, the BOJ is expected to keep rates at 0.5%, having ended its decade-long stimulus last year and raised short-term rates in January. The central bank has indicated it may continue hiking rates if inflation persists alongside wage growth.

Technical Snapshot

Key Highlights:

NIFTY SPOT: 25795.15 (-0.37%)

TRADING ZONE:

Resistance: 25900 (Multiple Touches) and 26100 (Key Resistance).

Support: 25700 (Pivot Level) and 25500 (Key Support).

BROADER MARKET: Inline

MIDCAP 150: 59231.2 (-0.24%), SMALLCAP 250: 18253.35 (-0.21%)

VIEW: BULLISH TILL ABOVE 25500 (Key Support).

BANKNIFTY SPOT: 57699.6 (-0.65%)

TRADING ZONE:

Resistance: 58000 (Pivot Level) / 58500 (Key Resistance)

Support:57300 (Pivot Level) / 57000 (Key Support)

VIEW: BULLISH TILL ABOVE 57000 (Key Support)

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.85%- 6.00% on Friday ended at 5.25% .

* The 10 year benchmark (6.33% GS 2035) closed at 6.5345% on Friday Vs 6.5357% on Thursday .

Global Debt Market:

U.S. Treasury yields were higher on Friday as investors keenly anticipated the postponed inflation reading, which will offer much needed insights on the state of the U.S. economy. The 10-year Treasury yield was up more than 2 basis points at 4.012%, while the 2-year Treasury note yield rose 1 basis point to 3.497%. The 30-year bond was up 2 basis points to 4.595%. Investors are awaiting the consumer price index, slated to be released at 8:30 a.m. ET by the Bureau of Labor Statistics, and will parse through the data for signs of inflation cooling or getting hotter and if tariffs have impacted prices. It’s expected to be a major event due to the dearth of economic data being published as a result of the government shutdown. Economists polled by Dow Jones expect overall consumer prices to increase by 0.4%, the same as a month ago, putting the 12-month inflation rate at 3.1%, or 0.2 percentage point higher than the August level. Core CPI, which excludes volatile food and energy prices, is forecasted to show a 0.3% monthly increase and 3.1% yearly, both the same as in August. The release comes ahead of the Federal Reserve’s October meeting next week where policymakers will make a decision on the interest rate. Traders are pricing in a nearly 99% chance that the Fed will lower interest rates by another quarter percentage point, per the CME FedWatch Tool. “Because we haven’t gotten any government data in the recent past, I think all of the market’s focus and all of the market’s attention is going to be directed onto this one report,” Troy Ludtka, senior U.S. economist at SMBC Nikko Securities said. “This is going to be the report to end all reports.”

10 Year Benchmark Technical View :

The 10 year Benchmark (6.33% GS 2035) yield likely to move in the range of 6.52% to 6.5375% level on Monday.

SEBI Registration number is INH000000081.

Please refer disclaimer at https://geplcapital.com/term-disclaimer