IGI Logo

Stocks in News

* AUROBINDO PHARMA: The company's arm, CuraTeQ Biologics, has achieved positive results for its Omalizumab biosimilar (BP11) in Phase 3 clinical trials, which involved 608 patients across 80 sites; regulatory filings with the US FDA and EMA are planned for the end of Q2 2026.

* PC JEWELLER: The company reports that its Q4 revenue rose approximately 32% YoY and FY26 revenue increased by 49%, while bank debt was reduced by 23% in the same quarter; additionally, it has established a mining arm, PCJ Mining SARL, in the Republic of Chad for metal extraction.

* TITAGARH RAIL: The company reports that its arm, Titagarh Naval Systems, has received approval for a brownfield expansion in West Bengal and will receive a Rs. 129 crore subsidy under the government's Shipbuilding Development Scheme (SbDS).

* PDS: The company has entered into a SaaS contract with a major US-based value retailer, a deal expected to drive sourcing volumes of approximately Rs. 450 crore.

* DEEP INDUSTRIES: The company has secured an order worth Rs. 59 crore from ONGC for specialized equipment hiring services.

* AMCE SOLAR: The company reports that its arm, ACME Suryodaya, has successfully commissioned the 5th phase of its Battery Energy Storage System (BESS) project in Rajasthan.

* PINE LABS: The company reports that its Chief Business Officer (CBO), Navin Ashokkumar Chandani, has resigned from the organization.

* SHYAM METALICS: The company's Q4 business update shows that stainless steel sales grew 22.5% QoQ to 27,287 MT and carbon steel sales rose 10.5% to 4.5 lakh MT, while sponge iron sales increased by 14.9% to 2.1 lakh MT.

* SUNTECH REALTY: The company has completed an internal restructuring by transferring its stake in Mantavya Real Estate to another subsidiary, Sunteck Real Estates.

* Nykaa: The company confirms it is evaluating strategic growth opportunities and remains in discussions with several parties, including those related to the potential acquisition of a majority stake in the skincare brand 82°E.

Economic News

• Part of state capex loan tied to fiscal discipline: Under the total outlay, Arunachal Pradesh received the highest allocation of Rs 4,900 crore, followed by Himachal Pradesh with Rs 3,920 crore. Nagaland was allocated Rs 3,880 crore, while Uttarakhand received Rs 3,460 crore and Tripura Rs 3,450 crore. Manipur was allotted Rs 2,400 crore and Meghalaya Rs 2,070 crore. Further, Sikkim has been allocated Rs 820 crore and Mizoram Rs 100 crore.

Global News

• U.S. services growth slows as war-driven inflation spikes, keeping Fed cautious on rate cuts: U.S. services sector growth moderated in March (PMI at 54.0 vs 56.1), indicating continued expansion but rising headwinds, as inflation pressures surged with input prices hitting a 13+ year high amid the ongoing Iran conflict. While new orders remained strong, employment in services weakened to its lowest level since end-2023, diverging from broader job data. Businesses highlighted heightened uncertainty, rising logistics and energy costs, and supply disruptions due to geopolitical tensions. With inflation risks intensifying and growth slowing, the data reinforces expectations of a prolonged pause in Fed rate cuts.

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.20%- 5.15% on Monday ended at 4.70%.

* The 10 year benchmark (6.48% GS 2035) closed at 7.0458% on Monday Vs 7.1329% on Thursday .

Global Debt Market:

US Treasury yields held steady on Monday as investors awaited U.S. President Donald Trump’s upcoming press conference on the Iran war and key inflation data due this week. The yield on the 10-year Treasury added less than 1 basis point to 4.3525%. The 2 -year Treasury also gained less than 1 basis point at 3.856%, while the 30-year Treasury yield rose 1 basis point to 4.918%. On Sunday, President Donald Trump issued an expletive-laden ultimatum, vowing to turn Iran into “Hell” if the Islamic Republic doesn’t fully reopen the Strait of Hormuz by Tuesday, But hours later, in an interview with Fox News, Trump said he was hopeful that a deal could be reached with Tehran by Monday. Meanwhile, Iran has rejected Trump’s latest threats, saying that the critical waterway would only reopen fully after Tehran is compensated for the damage from the war, as it continued strikes across the Gulf over the weekend, including Kuwait’s oil headquarters. Reuters reported Monday that Iran and the U.S. have received a plan to end hostilities that, if agreed, would result in an immediate ceasefire and the reopening of the Strait of Hormuz. The framework, which could come into effect on Monday, was put together by Pakistan, an unnamed source told Reuters. The Mideast war, now in its sixth week, has sent energy prices soaring and prompted fixed-income investors to reprice the deteriorating inflation outlook, trimming bets on interest rate cuts by the Federal Reserve this year. The 10-year Treasury yield has gained around 36 basis points from 3.962% before the conflict started, hovering near the highest levels since mid2025.“Bonds have declined alongside equities, suggesting stagflation rather than a recession,” said Oriano Lizza, a trader at CMC Markets Singapore, warning of heightened volatility in the lead-up to the Tuesday deadline.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 7.02% to 7.06% level on Tuesday.

SEBI Registration number is INH000000081.

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