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Stocks in News

* WIPRO: The company has partnered with Netherlands-based Odido in a multi -year deal to deliver IT and AI solutions aimed at improving customer engagement and streamlining operations.

* EUREKA: The company aims to reach FY30 revenue of Rs 5,400–5,600 crore and Ebitda of Rs 800–850 crore, targeting over 2x revenue and 3x Ebitda growth, while expecting its robotics business to scale 25x by FY30.

* USHA MARTIN: The company maintains strong working capital efficiency and cash flows, enabling self-funded investments and prudent capital allocation to support expansion while preserving balance sheet strength.

* VOLTAMP TRANSFOMERS: The company has received an Rs 85-crore Letter of Intent from Gujarat Energy Transmission Corporation for supplying power transformers of various ratings.

* ZYDUS LIFESCIENCES: The company has signed a $100 million pharma MoU with an Afghan firm, according to Bloomberg.

* RVNL: The company has secured a Rs 9.6 crore order from East Coast Railway to commission a video surveillance system.

* RAJRATAN GLOBAL WIRE: The company has signed an agreement to invest Rs 1.4 crore in Lilac Ecoenergy for solar and wind power generation.

* ORINTAL RAIL INFRA: The company has received a Rs 2.6 crore order from North Western Railways to supply 726 coupler bodies for wagons.

* INTELLECT DESING ARENA: The company has launched PF Credit in the Philippines to help banks strengthen their lending capabilities.

* BOMBAY DYEING: The company will temporarily shut its Patalganga plant from Nov. 28 to December for maintenance, resulting in a 7,500-MT production shortfall, but it has enough reserve stock to meet customer needs with no expected impact on supply commitments.

* TATA TECHNOLOGIES: The company’s Singapore arm has completed the 100% acquisition of Germany-based ES-Tec GmbH for €75 million.

Economic News

* India’s space sector seeks triple budget boost and a satellite mission for remote regions: Union Budget 2026: India's space industry is urging the government to triple its budget to 0.12% of GDP and launch a public-funded national satellite connectivity mission. These proposals, submitted to the Finance Minister, aim to enhance communication services in remote areas and bolster India's strategic ambitions and leadership in the Indo-Pacific region.

Global News

* Japan’s stubborn inflation and weak yen intensify pressure on the BOJ to hike rates soon: Japan’s core consumer inflation in Tokyo stayed above the Bank of Japan’s 2% target in November, driven largely by rising food prices, keeping pressure on the central bank to consider a near-term rate hike. Supporting indicators showed steady unemployment, stronger retail sales, and higher factory output, though manufacturers expect declines ahead due to U.S. tariffs. With CPI excluding fresh food and energy still above 3% and the yen weakening to 10-month lows, policymakers face renewed urgency to act, despite concerns over weak consumption and a recent economic contraction. Overall, stubborn inflation, tight labour markets, and a falling yen strengthen expectations of a BOJ rate hike in the coming months.

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.75%- 5.45% on Thursday ended at 5.00%.

* The 10 year benchmark (6.48% GS 2035) closed at 6.4633% on Thursday Vs 6.4508% on Wednesday

Global Debt Market:

European markets moved slightly higher on Thursday as investors digest the regional and global economic outlook. The pan-European Stoxx 600 edged above the flatline by 9:36 a.m. London time, quickly rebounding from a negative open, with major bourses and sectors mixed. The subdued open for regional markets on Thursday comes after a positive trading session yesterday, with the Stoxx 600 closing almost 1.1% higher and most sectors and major regional bourses in the green. Global markets have been boosted this week by rising expectations that the U.S. Federal Reserve will cut interest rates when it next meets on Dec. 9-10. Traders are pricing in a 84.9% chance of a quarter percentage point cut from the Fed in December, according to the CME FedWatch tool. On individual names, potential buyers are swirling German athletic brand Puma, according to reports by Bloomberg. Chinese sport multinational Anta Sports is among those working on a bid, the outlet reported, citing unnamed sources. Puma declined to comment when asked by CNBC. Puma shares rose as much as 16% on Thursday, leading the European index. Other big movers include defense stocks Rheinmetall, which advanced 2%, and Saab, which was last seen around 2.2% up. It comes as U.S. officials continue to attempt to broker a peace deal between Russia and Ukraine. Novo Nordisk shares dipped 1.7%, reversing gains made in the previous session. On Wednesday the U.S. Centers for Medicare and Medicaid Services announced the newly negotiated price for its bestseller drugs Ozempic and Wegovy from 2027.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.45% to 6.4650% level on Friday.

SEBI Registration number is INH000000081.

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