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Stocks in News

* TILAKNAGAR INDUSTRIES: The company received approval from the Andhra Pradesh commissioner to expand its bottling capacity by 200 lakh proof litres. It also approved a preferential issue of up to 1.4 crore equity shares and 4.57 crore convertible warrants at Rs.382 each, raising a total of Rs.2,295 crore.

* ASIAN PAINT: The company approved the merger of its subsidiary, Asian Paints (Polymers), with the parent entity to drive synergies in procurement, logistics, supply chain, technology, and shared services.

* INTELLECT DESIGN ARENA: The company launched a pilot of its next-gen platform, eMACH.ai, for leading banks in South Africa.

* GAIL: The company signed a JV agreement with RVUNL to transfer its gas-based power plants in Dholpur and Ramgarh to a new joint venture company, which will also develop 750 MW solar and 250 MW wind power projects.

* FOCUS LIGHTING: The company dismissed a July 29, 2025 media report claiming Panasonic is in talks to acquire a controlling stake, calling it speculative and factually incorrect.

* KPI GREEN ENGINEERING: The company received a letter of award from MAHAPREIT for a 30 MW rooftop solar project in Goa and emerged as the L1 bidder for 5 MW rooftop solar projects on government buildings.

* STANLEY LIFESTYLES: The company invested Rs.50 crore in its subsidiary Stanley Retail through a rights issue, which in turn invested Rs.2.48 crore in Sana Lifestyles and Rs.5.67 crore in Staras Seating.

* QUADRANT FUTURE TEK: The company appointed Abhigyan Kotnala as CEO and Amit Gaur as CFO, effective tomorrow.

* RELIANCE INDUSTRIES: The company signed a joint operating agreement with ONGC and BP Exploration (Alpha) for an exploration block.

Economic News

* IMF lifts India’s FY26 outlook to 6.4%, raises FY27 growth projection on favourable external factors: The IMF has revised India's economic growth forecast upwards to 6.4% for FY26 and FY27, citing a more favorable global economic environment. This projection positions India as the fastest-growing economy among major nations. The revised global growth outlook reflects stronger-than-expected economic activity and adjustments in US trade policies. While the IMF's forecast is slightly below the RBI's 6.

Global News

* BOJ holds rates steady but hints at year-end hike as trade outlook improves: The Bank of Japan is expected to keep interest rates steady at 0.5% in its upcoming policy meeting but may adopt a more optimistic outlook following Japan’s recent trade deal with the U.S. and easing global trade tensions. While uncertainties around U.S. tariffs persist, BOJ officials, including Deputy Governor Shinichi Uchida, acknowledge reduced risks to Japan’s export-driven economy. Markets are watching Governor Ueda’s commentary and the BOJ’s quarterly report for hints on future rate hikes, which many economists expect by year-end. The central bank may revise its inflation forecast upward due to rising food prices and offer a less downbeat economic view. The BOJ still expects inflation to sustainably reach its 2% target by fiscal 2027, with core inflation projected at 2.2% in FY25. The recent trade agreement easing U.S. tariffs on Japanese goods, especially autos, has improved the outlook, supporting the case for potential rate hikes after last year’s policy normalization.

Technical Snapshot

Key Highlights:

NIFTY SPOT: 24821.1 (0.57%)

TRADING ZONE:

Resistance : 25000 (Pivot Level) and 25200 (Key Resistance).

Support: 24600 (Pivot Level) and 24500 (Key Support).

BROADER MARKET: OUTPERFORMED

MIDCAP 150: 57984.85 (0.81%), SMALLCAP 250: 18251.45 (1.03%)

VIEW: Bearish till Below 25000 (Key Resistance).

BANKNIFTY SPOT: 56222 (0.24%)

TRADING ZONE:

Resistance: 56800 (Pivot Level) / 57200 (Key Resistance)

Support: 55700 (Pivot Level) / 55300 (Key Support).

VIEW: Bearish till below 56800 (Pivot Level)

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.75% - 5.45% on Tuesday ended at 4.95%.

* The 10 year benchmark (6.33% GS 2035) closed at 6.3589% on Tuesday Vs 6.37% on Monday .

Global Debt Market:

U.S. Treasury yields were flat on Tuesday, just ahead of the Federal Reserve’s two-day policy meeting. At 4:09 a.m. ET, the 10-year Treasury yield was down less than one basis point at 4.414%. The 2-year yield was less than one basis point higher at 3.922%, and the 30-year yield was also under one basis point higher at 4.959%. One basis point is 0.01%. Yields and prices move in opposite directions. Fed funds futures traders are pricing in a 97% probability that rates will remain unchanged at 4.25%-4.50% at the meeting, according to the CME FedWatch tool. “Odds are that it will be a non-event,” said Ed Yardeni, president of Yardeni Research. “The only drama will be whether the FOMC sticks to the current party line: ‘We are in no rush to lower interest rates.’ Or, will it signal a dovish pivot?” Similarly, Julius Baer’s chief economist David Kohl said he expects the Fed to resume its rate-cutting cycle only at its FOMC meeting in September. “If there is more certainty that the tariff-driven inflation spike is only transitory, the Fed will be able to adopt a neutral policy stance in 2026, with an additional two rate cuts of 25 basis points,” he said. Investors will also be keeping an eye out for the personal consumption expenditures index for June, expected to be released on Thursday. The data, which is the Fed’s preferred inflation gauge, is forecast to show inflation increasing from 2.3% to 2.4% year over year, according to FactSet. The report will also reveal the effects of tariffs on inflation.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.33% GS 2035) yield likely to move in the range of 6.3475% to 6.3550% level on Wednesday.

SEBI Registration number is INH000000081.

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