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Stocks in News

* GUJARAT FLUOROCHEMICALS: Promoter Devansh Trademart is selling up to 13 lakh shares at Rs.3,500 each, a 5.3% discount to the current market price, according to NDTV Profit.

* LUPIN: USFDA inspected the Nagpur facility from Sept 8-16 and closed the inspection with six observations.

* AMBER ENTERPRIES: Arm received a show cause notice from the GST & Central Excise commissioner demanding Rs.420 crore in tax dues for April 2021 to March 2023.

* BLUEDART: Arm received a Rs.420 crore show cause notice from the GST & Central Excise commissioner for tax dues covering April 2021 to March 2023.

* DR REDDY’S LABORATORIES: The company launched Tegoprazan, a patented novel molecule for treating acid-related gastrointestinal diseases, in India.

* SJS ENTERPRISES: The company signed an agreement with Hong Kong’s BOE Varitronix to collaborate on manufacturing automotive displays in India.

* RAILTEL CORPORATION: The company received a letter of acceptance for a Rs.57.5 crore order from Bihar Educational Infrastructure Development Corp.

* PREMIER EXPLOSIVE: Telangana Pollution Control Board revoked the closure order on the company’s factory and approved resumption of production activities.

* QUALITY POWER: The company received an Rs.11.5 crore order to supply reactors for a STATCOM project.

Economic News

* No tax cut, but luxury goods cos hopeful of indirect gains: Luxury goods and high-end bike manufacturers are boosting retail stocks and planning launches, anticipating positive effects from widespread GST cuts. While GST rates remain unchanged for jewelry and increase for high-capacity bikes, companies expect improved consumer sentiment to counter any demand slowdown. Brands are optimistic about maintaining stable demand, particularly for premium models, supported by flexible financing options.

Global News

* Japan’s exports slump as U.S. tariffs hit autos, deepening trade and growth concerns: Japan’s exports fell for the fourth consecutive month in August as higher U.S. tariffs weighed on the country’s automotive and manufacturing sectors. Automakers, initially absorbing tariff costs by cutting export prices, have started passing them on to consumers as costs rise, raising concerns that the pressure will intensify toward year-end amid U.S. economic uncertainty. Overall exports dipped 0.1% YoY, less than the forecast 1.9% fall, after a 2.6% drop in July. U.S.-bound exports plunged 13.8%, the steepest since Feb 2021, led by a 28.4% drop in autos and 38.9% fall in chipmaking equipment, cutting Japan’s U.S. trade surplus to a 20-month low. Exports to China fell 0.5%, while shipments to Asia and the EU grew, partly offsetting U.S. weakness. Imports dropped 5.2%, reflecting lower oil prices, leaving a smallerthan-expected trade deficit of ¥242.5 bn. Washington eased tariffs in July to a baseline 15% from 27.5% on autos, but the rate remains far above the earlier 2.5%, keeping pressure on automakers and suppliers. Economists expect Japan’s economy to shrink 1.1% annualised this quarter on weak overseas demand. While the BOJ has pledged caution on rate hikes, corporate capex rose 7.6% YoY in April-June, led by a 43.4% surge in auto sector investment in EVs, even as operating profit slumped 30.7%.

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.75%- 5.50% on Monday ended at 4.95% .

* The 10 year benchmark (6.33% GS 2035) closed at 6.4925% on Monday Vs 6.4867% on Friday .

Global Debt Market:

US Treasuries have powered into first place among major sovereign bond markets this year as the prospect of a new round of Federal Reserve interestrate cuts overturns widely held bearish views on US debt. US government securities have returned 5.8% in 2025, the best result among the world’s 15 biggest debt markets in local-currency terms, based on Bloomberg indexes. In a sign of the rally’s magnitude, the extra yield on Treasuries over their global peers while still significant has dropped to a three-year low. True, for dollarbased investors, the weak greenback has boosted the returns of overseas assets versus Treasuries. But stripping out the currency and comparing just the performance of bonds, sovereign debt in other major markets has underperformed under a barrage of bad news, including rising fiscal deficits in places such as France, a hawkish central bank in Japan and surging stocks in China. “The Fed isn’t cutting into a strong economy, it’s cutting into weakness and this should form the basis for Treasuries to outperform,” said Prashant Newnaha, senior Asia-Pacific rates strategist at TD Securities in Singapore, who has covered debt markets for 25 years. “By comparison, Japan to the UK to France, all have problems spanning fiscal to politics that’s bludgeoning sentiment on their debt.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.33% GS 2035) yield likely to move in the range of 6.48% to 6.4925% level on Wednesday

SEBI Registration number is INH000000081.

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