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Stocks in News

• GE SHIPPING: The Board to consider a share buyback proposal on 27 August 2026.

• GPT INFRAPROJECTS: Arm declared L1 bidder for an order worth Rs. 97 crore. Order for Provision of Electronic Interlocking.

• Tata Consultancy Services: To acquire Porsche AG arm MHP Management for 320 million euros. Signs a 5-year strategic pact worth 1.25 billion euros with Porsche AG and MHP.

• PACE DIGITEK: The company arm receives a Letter of Award worth Rs. 92.9 crore from Kalpa Power Private for the supply and commissioning support of a Battery Energy Storage System of 100 MWh capacity.

• AFCONS INFRASTRUCTURE: The company receives a Rs. 335.50 crore arbitral award against the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA).

• AEGIS VOPAK TERMINALS: The company to acquire a 36,000 MT capacity storage terminal at Pipavav Port for Rs. 525 crore.

• HINDUSTAN COPPER: The Government to divest a 3% stake via OFS (with an additional 3% green-shoe option) at a floor price of Rs. 514/share, with 10% reserved for retail and 25,000 shares for employees.

• REFEX INDUSTRIES: The company Bags orders worth Rs. 33.7 crore from a Telangana-based entity for Loading & Transportation Fly ash and Excavation of Fly ash. Time period of 120 days.

• IZMO: The company adds 170 new clients globally in Q1 for its automotive dealer digital platforms. 117 in the United States and 53 in Europe and the United Kingdom

• INOX GREEN ENERGY SERVICES: Board allots 4.9 crore shares of Inox Renewable Solutions Limited (IRSL) to shareholders.

Economic News

• India's exports to Iran set to fall further due to Dubai halt, US sanctions: New U.S. sanctions and UAE trade suspension may disrupt Indian exports to Iran. Rice, tea, and pharmaceutical shipments routed through Dubai face potential severe disruptions. Exporters anticipate higher freight and payment processing costs due to these changes. Bilateral trade has already significantly declined from previous highs. Alternative payment and shipping routes are being explored by affected businesses.

Global News

• Dollar Struggles to Sustain Gains Amid Iran Sanctions and Treasury Yield Concerns: The U.S. dollar struggled to sustain its recent gains as investors weighed expanded Iran-related sanctions and efforts to ease pressure on longer-dated Treasury yields. The dollar index slipped to 98.96, while the euro rose to $1.1668 and sterling to $1.3639, near multi-month highs. The yen strengthened marginally to 159.21 per dollar, while the Canadian dollar remained under pressure amid renewed U.S. tariff threats. Meanwhile, Treasury yields remained elevated, with the 2-year and 10-year yields at 4.246% and 4.704%, respectively, despite expectations that the U.S. Treasury could use its cash balance for longer-dated bond buybacks. Market focus now turns to Fed Chair Kevin Warsh’s upcoming Jackson Hole speech, with investors seeking clarity on the Fed’s policy stance and its response to elevated bond yields, while persistent policy uncertainty is limiting the scope for further dollar gains.

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.00%- 5.25% on Tuesday ended at 4.85%.

* The 10 year benchmark (6.94% GS 2036) closed at 6.8708% on Tuesday Vs 6.8495% on Friday .

Global Debt Market:

US Treasury yields moved lower Monday as investors look ahead to Federal Reserve Chair Kevin Warsh’s keynote speech at Jackson Hole, which takes place later this week against a backdrop of bond market pressure, stubborn inflation and soaring U.S. national debt. Yields on the 10-year Treasury note the main benchmark for mortgages, auto loans and credit card debt were more than 2 basis point lower at 4.7120%.The 30-year Treasury note yield also dropped more than 2 basis points to 5.2497%. The yield on the 2-year Treasury note, which typically reacts in line with short-term Federal Reserve interest rate decisions, was more than 1 basis point lower at 4.2209%. Yields on both the 30-year and 10-year notes ended Friday up more than 3 basis points. Borrowing costs hit multi-decade highs last week as the Treasury Department, led by Scott Bessent, unveiled an extended debt buyback program aimed at easing pressure on the long-end of the yield curve. Yields initially fell before rebounding higher. Central bankers and economists will gather at the annual Jackson Hole Symposium this week, with traders looking ahead to Federal Reserve Chair Kevin Warsh’s keynote address, due on Friday, as sustained inflation pressures and the U.S.’s $40 trillion debt loom over the event. Warsh’s speech will follow a raft of fresh economic data releases this week, including July core PCE price index the Fed’s preferred inflation gauge and the second quarter GDP estimate.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.94% GS 2036) yield likely to move in the range of 6.86% to 6.8775% level on Tuesday.

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