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Stocks in News.

* HUDCO: The company signed MoUs with IIM Calcutta, Paradip Port Authority (Rs.5,100 crore), and Visakhapatnam Port Authority (Rs.487 crore) for funding and project exploration, and with Mumbai Port Authority to develop a ‘Maritime Iconic Structure’ in Mumbai.

* MPS: The company’s subsidiary acquired the remaining stakes in Liberate Learning Pty, App-eLearn Pty, and Liberate eLearning, making the Liberate Group a wholly owned subsidiary of MPSi.

* CESC: The company’s subsidiary secured an order from Solar Energy Corporation of India to supply power from a 300 MW solar project with an energy storage system.

* DCM SHRIRAM: The company will acquire 100% stakes in Shree Raj Salt & Chemical Works, Devjagan Salt Farm, Maruti Salt Farm, and Manek Salt Works for Rs.175 crore.

* SWAN DEFENCE: The company signed an agreement with Mazagon Dock for designing and constructing Landing Platform Docks for the Indian Navy.

* NATIONAL FERTILIZERS: The company received a GST demand notice of Rs.15.2 crore from the Vijayapur tax department.

* VERANDA LEARNING: SNVA Edutech allotted 15,432 shares to the company and 2,902 shares to its subsidiary, Veranda Administrative Learning Solutions.

* BOSCH: The company warned of potential production impact due to supply issues with vendor Nexperia and is working to minimize disruptions.

* SYRM SGS TECHNOLOGY: The company’s subsidiary, Syrma Strategic Electronics Pvt. Ltd., received approval under the Electronic Components Manufacturing Scheme (ECMS).

* OIL INDIA: The company, in partnership with BPCL, signed a non-binding agreement to establish a new refinery with an investment of Rs.1 lakh crore.

* SIGNATURE GLOBAL: The company raised Rs.875 crore through IFC-backed NCDs to fund sustainable mid-income housing, marking its first listed debt issuance.

Economic News

* Manufacturing, festive push keep factory output steady at 4% in September: India's industrial output showed steady growth in September. Manufacturing led the expansion, offsetting slower performance in mining and electricity. Demand was boosted by inventory stocking ahead of Goods and Services Tax cuts during the festive season. This positive trend is expected to continue in the coming months.

Global News

* U.S. consumer confidence hits six-month low on job worries and inflation concerns: U.S. consumer confidence dropped to a six-month low in October at 94.6, driven by job concerns, inflation, and political uncertainty. Sentiment weakened among lower-income and younger consumers, while highincome households stayed resilient, highlighting a K-shaped economy. Despite the decline, stocks stayed near record highs as the Fed is expected to cut rates by 25 bps to 3.75 to 4.00%. Labor market views were mixed, with more people expecting fewer jobs ahead. Inflation expectations rose to 5.9%, dampening demand for big-ticket items and homes, though luxury travel spending remained strong.

Technical Snapshot

Key Highlights:

NIFTY SPOT: 25936.2 (-0.11%)

TRADING ZONE:

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

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

BROADER MARKET: Inline MIDCAP 150: 59765.35 (-0.02%),

SMALLCAP 250: 18407.6 (0.02%)

VIEW: BULLISH TILL ABOVE 25700 (Key Support).

BANKNIFTY SPOT: 58214.1 (0.17%)

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%- 5.68% on Tuesday ended at 5.05% .

* The 10 year benchmark (6.33% GS 2035) closed at 6.5357% on Tuesday Vs 6.5464% on Monday

Global Debt Market:

European stocks were lower on Tuesday as global markets await the U.S. Federal Reserve’s interest rate decision. The pan-European Stoxx 600 was around 0.4% lower at 10:10 a.m. in London (6:10 a.m. ET), with most sectors and major bourses in negative territory. Bucking the trend was the utilities sector, often seen as a somewhat stable investment amid market volatility. Spain’s IBEX 35 index, which has been on a bull run that’s seen it gain almost 40% since the start of the year, briefly topped the record high set in 2007 on Tuesday morning. The index was last seen trading flat. The moves on Tuesday marked a reversal from the previous session, which saw stocks end higher amid hopes of Sino-U.S. trade tensions thawing. President Donald Trump and Chinese President Xi Jinping are due to meet in South Korea on Thursday. Both sides appear to be in a conciliatory mood, having agreed on a framework for a potential trade deal which addresses China rare earths export restrictions, soybean purchases and TikTok. “I have a lot of respect for President Xi, and we are going to come away with the deal,” Trump said Monday. The leaders are due to meet on the sidelines of the Asia-Pacific Economic Cooperation, or APEC, Summit. Looking at individual stocks, shares of Novartis fell 3.4% after the Swiss pharmaceutical giant reported its earnings for the three months to September. The firm’s third-quarter constant currency sales grew 7% from the previous year, while net income jumped 25% year-on-year to hit $3.9 billion. Analysts had been expecting net income to come in at $4.4 billion, according to a consensus estimate compiled by LSEG.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.33% GS 2035) yield likely to move in the range of 6.54% to 6.55% level on Wednesday

SEBI Registration number is INH000000081.

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