Key Highlights: Stocks in News, Economic & Global Updates 04th November 2026 by GEPL Capital Ltd
Stocks in News
• PATANJALI FOODS: The company clarified that the FDA action targets a distributor, not the company, with no direct order or confirmed violations; distributor-held stock remains restricted. • HINDUSTAN AERONAUTICS: The company will acquire CAE Canada's 50% stake (3.84 crore shares) in HATSOFF, making it a wholly owned subsidiary.
• SRI LOTUS DEVELOPERS: Promoter increased the OFS size to 2.65 crore shares, including an additional 27.04 lakh shares, representing up to 5.42% stake.
• JNK INDIA: The company secured a Rs 300 to 600 crore order from JNK Global for the design and supply of a heater package.
• LLOYDS METALS: The company will invest Rs 625 crore in Triveni Earthmovers, raise up to $300 million via senior notes, and establish a 360 MW thermal power plant in Maharashtra.
• EASY TRIP PLANNERS: The company received a show-cause notice for a tax demand of Rs. 67.4 crore from the Mumbai tax body.
• AMBER ENTERPRISES: The company arm IL JIN Electronics (India) now holds a 100% stake in Ascent Circuits.
• AVENUE SUPERMARTS: The company opened a new store in Pune, taking its total store count to 520.
• CLEAN MAX ENVIROMENT: NFAC quashed a Rs 62.15 crore tax demand against its subsidiary, ruling in favour of Surya Energy.
• VIKRAN ENGINEERING: The company’s approved allotment of NCDs worth Rs. 10 crore.
• IEX INDIA: IEX's October traded volume rose 16.5% YoY to 13.1 BU, while real-time market volume increased 23.7% to 5.7 BU.
• HINDUJA GLOBAL: The company sale of stake in two arms is under process and will take some more time.
Economic News
• RBI eases forex rules for services exports and imports: The changes form part of the Foreign Exchange Management (Export and Import of Goods and Services) which came into effect from October 1, 2026. Under the amended regulations, a resident individual exporting services will be deemed to have submitted the Export Declaration Form, or EDF, once the individual provides the authorised dealer bank with the information required to credit the payment to the exporter's account. No transaction-value threshold has been prescribed for resident individuals.
Global News
• US futures tumble on Democratic election gains, while Asian markets decline amid AI and geopolitical concerns: US stock futures fell sharply, with S&P 500 and Nasdaq futures declining 0.8% and 1.8%, respectively, while US 10-year Treasury yields eased 6 bps to 4.906% and the dollar weakened as early Democratic victories in the US midterm elections raised expectations of a potential shift in Congressional control, triggering concerns over reduced fiscal stimulus and tighter regulation of AI and Big Tech; meanwhile, Asian markets declined, led by Japan’s Nikkei (-3%) and South Korea’s KOSPI (- 1.6%), despite strong AMD earnings, while oil prices remained volatile amid uncertainty over Ukraine and Iran peace talks and continued disruptions in the Strait of Hormuz.
Government Security Market:
* The Inter-bank call money rate traded in the range of 4.30% - 5.60% on Tuesday ended at 5.15% .
* The 10 year benchmark (6.94% GS 2036) closed at 7.3012% on Tuesday Vs 7.3154% on Monday.
Global Debt Market:
U.S. Treasury yields were mixed early Monday as investors gear up for another busy week of economic data and corporate earnings, as well as the midterm elections. The 10-year Treasury was down by 1 basis point in early trade, last seen at 4.914%. The 30-year Treasury yield eased by around 2 basis points, to 5.284%, while the 2-year Treasury yield rose by 1 basis point to 4.589%. Traders were monitoring a sharp decline in oil prices on Monday, after Secretary of State Marco Rubio said that President Donald Trump would like to resolve the Iranian war “diplomatically.” This year has seen a strong correlation between upward moves in oil and bond yields, a trend which fell away in October as attention appeared to move to AI and Big Tech. Treasury’s were boosted on Friday by a massive sell-off in equities, led by technology stocks, that led investors to seek safe havens. The health of the tech sector will remain in focus with earnings out from Apple and Qualcomm ahead. It is a busy week ahead for employment market data, with JOLTS job openings for September on Tuesday, ADP employment figures on Wednesday, productivity and jobless claims on Thursday and October nonfarm payrolls on Friday. Wednesday will see the U.S. Treasury set out its planned auction sizes for notes and bonds. All eyes will also be on the results of Tuesday’s midterm elections and what it will mean for Congress’s spending plans and priorities.
10 Year Benchmark Technical View :
The 10 year Benchmark (6.94% GS 2036) yield likely to move in the range of 7.28% to 7.32% level on Wednesday.
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