Key Highlights: Stocks in News, Economic & Global Updates 29th October 2026 by GEPL Capital Ltd
Stocks in News
• ZAGGLE PREPAID OCEAN SERVICES: The company entered into a one-year agreement with AGP City Gas Pvt. Ltd. to provide the Zaggle Propel platform.
• SUBROS: The company set up a greenfield manufacturing plant in Haryana. The company also proposed capacity addition of 4.5 lakh air-conditioning systems per annum.
• INFOSYS: The company received an order from Canada's UNI Financial Cooperation. It will deploy Finacle Universal Banker across UNI branches.
• DR REDDY’S LABORATORIES: US FDA classified the inspection of its Andhra Pradesh facility as Voluntary Action Indicated.
• LLOYDS METALS AND ENERGY: The company to acquire at least 26% stake in three Amplus entities for captive renewable power.
• KARAMTARA ENGINEERING: The company received an additional wagon order worth Rs 1,717 Cr from the Ministry of Railways. The order includes 4,955 BOXNHL wagons and takes the total contract value to Rs 10,404 Cr. The additional order is scheduled to be executed by June 2027.
• EPACK PREFAB TECHNOLOGIES: The company commenced commercial production at its Rajasthan facility after receiving consent to operate from the Rajasthan Pollution Control Board for the Ghiloth unit.
• ALEMBIC PHARMA: Alembic Pharma receives US FDA approval for valganciclovir oral solution used to treat CMV retinitis.
• KIMS: The company said proceedings relating to trust administration remain under adjudication. No final determination has been made regarding the allegations.
• NPPA: Drug price regulator cut the maximum retail price of 543 anti-cancer medicines with effect from Nov. 9.
• FORTIS HEALTHCARE: The company acquired a 110-bed hospital in Bengaluru from Suguna for Rs 277 crore. The acquisition provides scope to expand capacity to 150 beds.
Economic News
• Union Cabinet approves Rs 10,000 crore Container Manufacturing Scheme to boost India's production: The Union Cabinet has approved significant schemes to enhance India's manufacturing infrastructure and capacity. The Rs 10,000 crore Container Manufacturing Promotion Scheme aims to increase container production substantially by 2040. Additionally, the Pradhan Mantri Viksit Gram Swaraj Yojana will be implemented from 2026-27 to 2030-31, providing crucial funding. The Khelo India Sports Goods Manufacturing Scheme will also support sports equipment production from 2026 to 2034.
Global News
• US Fed Holds Rates Steady, Flags Further Hikes Amid Sticky Inflation: The US Federal Reserve kept its benchmark interest rate unchanged at 3.75%- 4.00%, as expected, citing elevated inflation despite an upgrade in its assessment of economic growth to a “strong pace.” Fed Chair Kevin Warsh expressed confidence that inflation could return to the 2% target without significantly slowing economic activity or increasing unemployment, supported by productivity gains and resilient consumer spending. However, two Fed officials dissented in favor of a 25 bps rate hike, reflecting concerns over persistent inflation, elevated fuel costs and AI-driven demand. The Fed indicated that upcoming economic data would guide its December policy decision, while markets priced in an approximately 80% probability of a rate hike in December and expectations of another increase by March.
Government Security Market:
* The Inter-bank call money rate traded in the range of 4.30% - 5.90% on Wednesday ended at 5.15% .
* The 10 year benchmark (6.94% GS 2036) closed at 7.4400% on Wednesday Vs 7.4360% on Tuesday .
Global Debt Market:
Bond yields moved higher early Wednesday as investors awaited the Federal Reserve’s latest monetary policy decision, due later in the session. The 10-year Treasury note yield the main benchmark for mortgages, auto loans and credit card debt was more than 2 basis points higher at 5.0134%.The yield on the 2- year Treasury note, which more closely follows short-term Federal Reserve rate decisions, was up 1 basis point at 4.7494%.Meanwhile, the yield on longerdated 30-year U.S. Treasury’s which tend to move on geopolitical events was also up by more than 1 basis point at 5.3200%. The moves come as traders price in a 90.6% chance that the rate-setting Federal Open Market Committee will leave interest rates unchanged at 375-400 basis points, according to the CME Fed’Watch Tool. Investors will be closely watching Fed chairman Kevin Warsh’s statement following the decision for signals on future monetary policy projections. Expectations for a 25 basis points hike at the Fed’s next meeting on Dec. 9 currently stand at 76.5%. More economic data is due Thursday. Personal consumption expenditures index the Fed’s preferred inflation gauge as well as the quarterly GDP growth rate and personal income and spending data will offer investors additional insights into the domestic economy and inflation picture.
10 Year Benchmark Technical View :
The 10 year Benchmark (6.94% GS 2036) yield likely to move in the range of 7.40% to 7.44% level on Thursday.
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