IGI Logo

Stocks in News

* ZAGGLE PREPAID: The company has approved the acquisition of 1.3 lakh shares and an investment of up to Rs.25 crore in Greenedge Enterprises.

* PN GADGIL: The company has launched a Litestyle shop-in-shop at its Nagpur outlet, offering customers a curated experience focused on lightweight jewellery.

* VIJAYA DIAGNOSTIC CENTRE: The company has unveiled a Litestyle shop -in-shop at its Nagpur store, designed to provide customers with a refined and engaging experience centered on lightweight jewellery collections.

* BHARAT ELECTRONICS: The company has secured additional orders worth Rs.1,092 crore since its last disclosure on September 16.

* BLUE DART: The company plans to raise its average shipment prices by 9– 12%, effective January 1.

* RAILTEL CORP.: The company has secured a Rs.37.5 crore order from the Visakhapatnam Port Authority for the implementation of a Smart Video Surveillance system.

* THOMAS COOK: The company has partnered with the Ministry of Tourism to enhance destination experiences across India. Its subsidiary has launched Sterling Rampath Ayodhya, marking its 11th spiritual location and debut in Uttar Pradesh.

* BHARAT SEATS: The promoter group has transferred 16.38% of equity shares to the Rohit Relan Family Trust on September 26 as part of succession planning. SEBI has granted the Trust an exemption from making an open offer..

Economic News

* India Tightens Anti-Dumping Scrutiny on Chinese Imports: India has stepped up anti-dumping measures on Chinese imports, with the DGTR launching probes into mobile covers, solar encapsulants, rubber chemicals, and acids. Investigations also cover glass from Malaysia and Indonesia, and solar materials from South Korea, Thailand, and Vietnam. Chinese mobile covers face particular scrutiny, with domestic MSMEs citing undercutting and profit erosion. Chemical and solar imports are also targeted, with Indian cost estimates used to assess fair value. While multiple countries are involved, the main impact is from Chinese imports, prompting potential duties to protect local producers.

Global News

* Trump Unveils 20-Point Plan to End Israel-Hamas Conflict: The White House unveiled a 20-point peace plan aimed at ending the Israel-Hamas conflict in Gaza, following a meeting between President Donald Trump and Israeli Prime Minister Benjamin Netanyahu. The plan calls for an immediate ceasefire, the return of hostages and remains within 72 hours, and the release of nearly 2,000 prisoners by Israel, without occupying or annexing Gaza. It encourages residents to stay, resumes aid, and proposes a “technocratic, apolitical Palestinian committee” to govern Gaza under a “Board of Peace” chaired by Trump, with global leaders, including Tony Blair, involved. Hamas would relinquish governance, and the plan envisions conditions for a future Palestinian state. While Hamas has yet to review the proposal, Trump described it as a “real chance for greatness” in the Middle East. The plan’s progress was aided by Netanyahu’s apology to Qatar for a strike on Doha, easing tensions with a key mediator in the region.

Technical Snapshot

Key Highlights:

NIFTY SPOT: 24634.9 (-0.08%)

TRADING ZONE:

Resistance : 24800 (Pivot Level) and 25000 (Key Resistance).

Support: : 24500 (Pivot Level) and 24300 (Key Support).

BROADER MARKET: Inline MIDCAP 150: 56533.15 (0.27%),

SMALLCAP 250: 17548.65 (-0.07%)

VIEW: Bearish till below 24800 (Pivot Level).

BANKNIFTY SPOT: 54461 (0.13%)

TRADING ZONE:

Resistance: 54700 (Pivot Level) / 55000 (Key Resistance)

Support: 54200 (Pivot Level) / 53800 (Key Support)

VIEW: Bearish till below 54700 (Pivot Level)

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.75%- 5.60% on Monday ended at 5.10% .

* The 10 year benchmark (6.33% GS 2035) closed at 6.5547% on Monday Vs 6.5231% on Friday .

Global Debt Market:

U.S. Treasury yields moved lower on Monday as investors look ahead to several economic releases this week including a key jobs report. At 4:10 a.m. ET, the 10-year Treasury yield was lower by over 4 basis points to 4.143%, while the 2-year Treasury yield was lower by two basis points at 3.625%. The 30-year Treasury yield slid over 5 basis points to 4.714%. The highlight of the week will be the nonfarm payrolls for September, set to be released on Friday morning by the Bureau of Labour Statistics. Economists expect Friday’s jobs report to show 59,000 jobs added, and for the unemployment rate to remain steady at 4.3%, per consensus estimates from FactSet. A negative reading hasn’t been ruled out by economists. The report is expected to influence the path of monetary policy, with traders pricing in two more interest rate cuts for the rest of 2025, in line with what the central bank said in its last meeting. “If you saw jobs actually look pretty strong, I think the market might say, ‘Oh no, where are my rate cuts?’” Marta Norton, chief investment strategist at Empower Investments said. “And then if you saw jobs collapse, you would say, ‘Oh no, recession. ’I think jobs feels like the pendulum factor when we think about monetary policy,” Norton added. The release of the jobs report is dependent on whether a government shutdown can be averted before September 30, as Democrats and Republicans remain divided on the federal funding bill. Investors are also awaiting other economic data prints including the JOLTS job openings on Tuesday and weekly initial jobless claims on Thursday.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.33% GS 2035) yield likely to move in the range of 6.54% to 6.5550% level on Tuesday.

SEBI Registration number is INH000000081.

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