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Stocks in News

* RAIL VIKAS NIGAM: The company emerged as the lowest bidder for a Rs.165.5 crore construction order from North Eastern Railway.

* DILIP BUILDCON: The company emerged as the lowest (L-1) bidder for a Rs.879.3 crore order from NHAI in Tamil Nadu.

* SAMHI HOTEL: The company’s subsidiary received MIDC’s approval extending the development period for its Navi Mumbai project land.

* EPACK PREFAB: The company secured three orders worth Rs.140 crore from JK Cement, Technical Associates Transformers, and CG Power.

* GULSHAN POLYOLS: The company announced the de-registration of its subsidiary, Gulshan Overseas-FZCO, which had not commenced operations since incorporation.

* TATA CHEMICAL: The company’s subsidiary, Tata Chemicals Magadi, won a Rs.783 crore land revenue case in Kenya.

* HEXAWARE TECHNOLOGIES: The company dismissed Natsoft’s lawsuit as baseless, asserting confidence in full vindication with no material financial or operational impact expected.

* ALLCARGO LOGISTICS: The company’s September LCL volumes fell 4% MoM and 6% YoY to 717,000 cbm, FCL volumes were flat at 53,921 TEUs, while air volumes rose 14% YoY and 1% MoM to 3,012 tonnes.

* VISHNU CHEMICALS: The company announced that its subsidiary, Vishnu International Trading FZE, has initiated a voluntary winding-up process expected to conclude within six months.

* ORINTAL HOTEL: The company’s wholly owned subsidiary, OHL International, allotted 63,000 equity shares of $10 each at an issue price of $28 per share as part of its ongoing acquisition process.

* HPCL: The company sourced 54.6 MT crude oil from HOEC’s B-80 Mumbai Offshore field for processing at its Mumbai refinery.

Economic News

* Finance Ministry projects robust growth in FY26, cites GST cuts and festive demand as key drivers: India's finance ministry projects a strong growth outlook for FY26, driven by stimulated consumption from GST cuts and favorable domestic conditions. Despite global uncertainties, the nation demonstrates export diversification and resilience, supported by structural reforms and monetary policy aimed at sustained economic momentum.

Global News

* UK retail sales fall for 13th straight month amid budget uncertainty and weak consumer confidence: British retailers reported a decline in October sales, marking the 13th straight month of contraction, and expect a further drop in November amid weak consumer confidence and uncertainty over Finance Minister Rachel Reeves’ upcoming budget. The CBI retail sales balance slightly improved to -27 in October from -29 in September, while expectations for November fell to -39 from -36. CBI economist Martin Sartorius said persistent caution ahead of the November 26 budget and last year’s fiscal measures continue to pressure retailers, urging the government to avoid new business tax hikes. Retailers also remain wary of potential employment rights legislation that could impact hiring.

Technical Snapshot

Key Highlights:

NIFTY SPOT: 25966.05 (0.66%)

TRADING ZONE:

Resistance: 26100 (Multiple Touches) and 26300 (Key Resistance).

Support: 25800 (Pivot Level) and 25700 (Key Support).

BROADER MARKET: Inline MIDCAP 150: 59780.15 (0.93%),

SMALLCAP 250: 18403.05 (0.82%)

VIEW: BULLISH TILL ABOVE 25700 (Key Support).

BANKNIFTY SPOT: 58114.25 (0.72%)

TRADING ZONE:

Resistance: 58600 (Pivot Level) / 59000 (Key Resistance)

Support: 57700 (Pivot Level) / 57300 (Key Support)

VIEW: BULLISH TILL ABOVE 57300 (Key Support)

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.85%- 5.75% on Monday ended at 5.00% .

* The 10 year benchmark (6.33% GS 2035) closed at 6.5464% on Monday Vs 6.5345% on Friday .

Global Debt Market:

U.S. Treasury yields moved higher on Monday as investors looked ahead to the Federal Reserve’s meeting this week where policymakers are widely expected to cut interest rates. At 5:16 a.m. ET, the 10-year Treasury yield was up 2 basis points to 4.02%, while the 2-year Treasury note yield was 1 basis point higher at 3.501%. The 30-year bond yield also gained 2 basis point to 4.612%. The Fed’s interest rate decision on Wednesday will be the key event this week and investors are anticipating that policymakers will cut interest rates, especially after the Bureau of Labor Statistics released cooler than expected inflation data last week. Nearly 97% of traders are pricing in a quarter percentage point cut to 375 to 400 basis points, according to the CME FedWatch Tool. “With a dearth of data and a still-divided FOMC, our U.S. economists think Chair [Jerome] Powell is unlikely to provide clear signals on the policy path ahead, focusing more on topics including balance sheet policy and financial stability,” Deutsche Bank analysts said in a note. Meanwhile, U.S. President Donald Trump and China President Xi Jinping are set to meet in South Korea on Thursday with the aim of reducing trade tensions. U.S. Treasury Secretary Scott Bessent recently said dialogue between the two Presidents have been “constructive, far-reaching, in-depth,” which is reassuring for investors.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.33% GS 2035) yield likely to move in the range of 6.53% to 6.55% level on Tuesday.

SEBI Registration number is INH000000081.

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