Key Highlights: Stocks in News, Economic & Global Updates 02nd November 2026 by GEPL Capital Ltd
Stocks in News
• BAARAR STYLE RETAIL: The company Opened three new Style Baazar stores in Silapathar (Assam), Tajpur (Bihar) and Bettiah (Bihar).; Co's total store count has increased to 290.
• GRANULES INDIA: US FDA Issues Form FDA 483 with 11 observations; US FDA Issues 11 observations to Hyderabad unit; US FDA Had Inspected Unit from Oct 19-30; No Observation On Data Integrity, Cross-Contamination
• PRAJ INDUSTRIES: The company to invest Rs 100 crore in JV with BPCL to set up CBG plants in India.
• SIGNATURE GLOBAL: The company 4 arms issues corporate guarantee in favour of Vistra ITCL to secure Rupee Term Loan facility of Rs 150 Cr.
• AGI INFRA: The company gets RERA nod for Utopia project in Punjab; project located in premium residential area in New Chandigarh
• PC JEWELLER: SEBI issues warning letter to MD, Company Secretary; SEBI warns Balram Garg over SDD compliance lapse; Warnings regarding business update in Q1 FY26
• WAAREE ENERGIES: The company arm Sets up 2 Solar Module Manufacturing Lines; Arm Waaree Solar Americas Starts Commercial Output In Texas
• TIMKEN INDIA: The company gets Two BIS licenses for their Bearings; BIS licenses for Spherical Roller Bearings across 2 manufacturing units
• NCC: The company get 8 additional orders worth Rs 1,862 crore in October; Gets orders in Water, Building, Transport Division.
• IREDA: The Govt appoints Jatin Kumar Nayak as CMD Till Sep 30, 2029; CFO Bijay Kumar Mohanty ceases to hold additional charge of CMD.
• ACME SOLAR: The company commissions 88.02 MW/ 366.969 MWh BESS In Rajasthan
Economic News
• GST collections jump 22.9% to Rs 2.31 lakh crore in October as festive demand beats high inflation and interest rates: India's GST collections in October reached Rs2.31 lakh crore, reflecting a 22.9% year-on-year increase. Strong consumption trends are indicated by rising passenger car sales and record digital payments. Power consumption also surged nearly 22% compared to last year, further emphasizing economic strength. Despite a high inflation rate of 5.5%, demand has remained robust, supporting growth forecasts. Analysts suggest this growth aligns with leading indicators of a consumption-driven economy.
Global News
• OPEC+ Keeps December Oil Output Targets Unchanged Amid Iran War Disruptions, Defers 2027 Quota Decision to November 29: OPEC+ maintained its December oil production targets unchanged, as seven key members, including Saudi Arabia and Russia, continue to face export disruptions due to the Iran war, despite gradually increasing shipments. The group has completed the rollback of its 1.65 million barrels per day (bpd) production cut, while another 2 million bpd cut remains in place until the end of 2026. OPEC+ will meet on November 29 to finalize its 2027 production quotas following a review of members' production capacities. The decision comes amid elevated crude prices, with Brent nearing $118 per barrel, and uncertainty over the recovery of oil flows through the Strait of Hormuz and the potential supply surplus in 2027.
Government Security Market:
• The Inter-bank call money rate traded in the range of 4.85% - 6.05% on Friday ended at 5.20% .
• The 10 year benchmark (6.94% GS 2036) closed at 7.4139% on Friday Vs 7.3902% on Thursday .
Global Debt Market:
U.S. Treasury yields declined on Friday as investors weighed a flurry of economic data and the Federal Reserve’s latest interest rate decision. The 10-year Treasury, which is used as a benchmark for mortgages, auto loans, and credit card debt, was down 5 basis points to 4.933%. The long-dated 30-year Treasury fell 3 basis points to 5.293%. The 2-year Treasury, which tracks short-term Federal Reserve rate decisions, moved 6 basis points lower to 4.589%. Investors are still digesting the key events of the week, including the release of the personal consumption expenditures price index on Thursday, which rose 0.5% monthly and 3.6% year-over-year, exceeding the Fed’s 2% target. This came a day after the central bank decided to hold its key interest rate steady in a range between 3.75% and 4% in a widely expected move. Fed Chairman Kevin Warsh told reporters following the meeting that policymakers were not on a set course on monetary policy. “If we had a firm conclusion about the conduct of monetary policy, we’d announce it to much fanfare today,” he said. Investors are awaiting the employment cost index for the third quarter, which measures the change of the cost of labor. They’re also looking ahead to some key jobs data next week, including the October non-farm payrolls report on Friday and the JOLTS job openings for September on Tuesday.
10 Year Benchmark Technical View :
The 10 year Benchmark (6.94% GS 2036) yield likely to move in the range of 7.40% to 7.42% level on Monday.
SEBI Registration number is INH000000081.
Please refer disclaimer at https://geplcapital.com/term-disclaimerg
