IGI Logo

Stocks in News

* RPP INFRA: The company secured a Rs 134.21 crore order from Maharashtra State Infrastructure Development Corporation Ltd. for improving the Matheran-Neral-Kalamb road.

* INDO TECH TRANSFOMER: The company received Rs 78.39 crore orders from Avaada Clean Project Pvt. Ltd. for supplying nine 125 MVA transformers.

* YASHO INDUSTRIES: The company signed a 15-year supply deal with a global MNC for lubricant additives, expected to generate ~Rs 150 crore in annual revenue from the end of FY27.

* TRENT: The company’s subsidiary has formed a new wholly owned unit to invest in and manage real estate through acquisition, development, construction, leasing, and sales.

* BIOCON: The company received a Form 483 with five observations from the USFDA after an inspection at its Bengaluru plant.

* AARTI DRUGS: The company’s new Sayakha, Gujarat plant with 60 MTPD capacity for Dimethylamine and Trimethylamine began commercial operations on Sept. 4, 2025.

* SHREE DIGVIJAY CEMENT: The company signed a supply and distributorship deal with Hi-Bond Cement, while promoter True North will sell its 50.1% stake to IRF Entities, and the company has launched a mandatory open offer to acquire up to 3.85 crore shares at Rs 92.20 each.

* KARUR VYSYA BANK: The bank will open three new branches in Madurai, Coimbatore, and Visakhapatnam on Sept. 8, 2025, and has cut MCLR across all tenures, effective Sept. 7, 2025.

* DEEPAK NITRITE: The company’s arm issued and allotted 34 lakh Optionally Convertible Redeemable Preference Shares worth Rs 34 crore to another subsidiary.

Economic News

* Tax tweak on coal yields net positive for discoms: The GST rationalization on coal, increasing the rate to 18% while eliminating the ?400/tonne compensation cess, is projected to lower power generation costs for companies by approximately 17 paise per unit. This change is expected to benefit coalbased power plants using specific grades of coal, ultimately reducing the cost of supply for distribution companies by around 12 paise per unit.

Global News

* Xi, Kim pledge stronger strategic coordination to safeguard shared interests: Chinese President Xi Jinping met North Korean leader Kim Jong Un in Beijing, their first meeting in six years. Xi called for stronger coordination with North Korea on regional and global issues. The meeting came a day after Xi, Kim, and Russian President Vladimir Putin attended a military parade in Beijing. It marked the first joint appearance of the three leaders and Kim’s first multilateral event. Xi described China and North Korea as “good neighbours, good friends, and good comrades.” He urged deeper exchanges, strategic communication, and wider cooperation across sectors. On the Korean Peninsula, Xi stressed working with Pyongyang to maintain peace and stability. Kim praised China’s growing global status, calling the parade a shared celebration. He was accompanied by his daughter and sister Kim Yo Jong during the visit. Despite Kim’s growing closeness to Russia, Xi reaffirmed China’s unwavering commitment to its ties with North Korea.

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.85%- 5.50% on Thursday ended at 5.50% .

* The 10 year benchmark (6.33% GS 2035) closed at 6.4934% on Thursday Vs 6.5430% on Wednesday .

Global Debt Market:

U.S. Treasury yields were little changed on Thursday after a retreat in the previous session, as investors anticipated further jobs data. At 5:05 a.m. ET, the 30- year Treasury bond held steady at 4.885% while the benchmark 10-year Treasury was down less than one basis point at 4.2%. The 2-year Treasury was also down less than a basis point at 3.6%. One basis point equals 0.01% and yields and prices move in opposite directions. On Wednesday, the 30-year yield briefly topped 5% before pulling back on weaker jobs data later in the day. Investors are awaiting more labor market data on Thursday, with the ADP private payrolls report for July set to be released in the morning, and expected to show a softer print. Economists polled by Dow Jones forecast private employers added 75,000 jobs in August, down from 104,000 jobs previously. Weekly initial jobless claims are also due and are expected to show a slight uptick. The number of first-time applicants for unemployment insurance is set to total 230,000 for the week ending Aug. 30, according to Dow Jones consensus estimates. That would be up from 229,000 previously. Investors will then turn their attention to Friday’s big jobs report. The 30-year Treasury yield started its recent march higher after a federal appeals court ruled that most of President Donald Trump’s reciprocal tariffs are illegal, which could force Washington to refund billions of dollars raised from the duties. Concerns around the independence of the Federal Reserve had also weighed on bond prices.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.33% GS 2035) yield likely to move in the range of 6.48% to 6.50% level on Friday

SEBI Registration number is INH000000081.

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