Photo by Nicholas Cappello on Unsplash
Asian markets traded lower on Thursday, following overnight losses on Wall Street, amid surging crude oil prices and escalating US-Iran war.
US stock market ended mixed on Wednesday as markets largely looked past a tame inflation report, amid cautiousness over the US-Israeli war on Iran.
Here's a table showing how US stocks performed on Wednesday:
Stock/Index | LTP | Change ($) | Change (%) | Day High | Day Low | 52-Week High | 52-Week Low |
|---|---|---|---|---|---|---|---|
Alphabet | 308.42 | 1.49 | 0.49% | 311.07 | 305.84 | 350.15 | 142.66 |
Apple | 260.81 | -0.02 | -0.01% | 262.13 | 259.55 | 288.61 | 169.21 |
Meta | 654.86 | 0.79 | 0.12% | 659.12 | 648.36 | 796.25 | 479.8 |
Tesla | 407.82 | 8.59 | 2.15% | 416.38 | 402.15 | 498.82 | 214.25 |
Netflix | 94.88 | -2.06 | -2.13% | 98 | 94.69 | 134.12 | 75.01 |
Amazon | 212.65 | -1.68 | -0.78% | 217 | 211.35 | 258.6 | 161.43 |
Microsoft | 404.88 | -0.88 | -0.22% | 409.01 | 401.59 | 555.45 | 344.79 |
Dow Jones | 47417.27 | -289.24 | -0.61% | 47711.26 | 47185.89 | 50512.79 | 36611.78 |
Nasdaq | 24965.01 | 8.54 | 0.03% | 25152.12 | 24856.6 | 26182.1 | 16542.2 |
Source: Equitymaster
At present, the BSE Sensex is trading 855 points lower, and the NSE Nifty is trading 271 points lower.
Tech Mahindra among the top gainers today.
M&M, Adani Ports, and Maruti Suzuki, on the other hand, are among the top losers today.
The Nifty Midcap 100 index is trading 1.7% lower, and the Nifty Smallcap 250 index is trading 1.6% lower.
Barring the utilities sector, all other sectoral indices are trading negatively today, with stocks in the realty sector and the auto sector witnessing selling pressure.
The rupee is trading at Rs 92.3 against the US dollar.
Wipro Signs Multi-Year Deal with TruStage
Wipro has signed a multi-year agreement with TruStage, an insurance and financial services company based in Madison, Wisconsin, to modernize its retirement services business. Under this partnership, Wipro will help upgrade TruStage's core technology systems and business operations so the company can deliver smoother digital experiences, work more efficiently, and improve customer satisfaction.
Wipro's consulting team will also help TruStage create a long-term innovation strategy to build a more future-ready retirement services business. Using its AI-powered platform called Wipro Intelligence™, the company will support TruStage by improving business processes, upgrading IT infrastructure, and managing a global operating model for its vendors and technology partners.
In addition, Designit, Wipro's experience innovation company, will work with the consulting team to redesign TruStage's technology platfrm and customer service model so the company can interact better with customers and introduce new and improved services. Overall, the partnership is focused on transforming TruStage's operations with modern technology and AI to make the business more innovative, efficient, and customer focused.
Ashok Leyland to Build EV Battery Plant
Ashok Leyland, the flagship company of the Hinduja Group and one of India's largest commercial vehicle manufacturers, has started construction of a new battery pack manufacturing facility at Pillaipakkam near Chennai. The project will require an investment of around Rs 4-5 billion (bn) and is part of the investment commitment made by the Hinduja Group under an MoU signed in September 2025.
The new facility supports Tamil Nadu's Electric Vehicle Policy 2023 and the government's broader push for electric mobility and battery storage. It also aligns with India's long-term goal of achieving net-zero emissions by 2070.
The new plant will help produce EV battery packs locally, strengthen India's electric vehicle supply chain, and create new employment and skill development opportunities in the state. It will also support Tamil Nadu's position as a major hub for next-generation automotive manufacturing and EV innovation.
With this new project, Ashok Leyland aims to strengthen its role in building a cleaner and more sustainable future for mobility in India.
Bharat Forge to Invest in German Subsidiary
Bharat Forge will invest €15 million (about Rs 1.6 bn) in its wholly owned subsidiary Bharat Forge Global Holding GmbH (BFGH), which is based in Germany. The investment will be made through a cash equity infusion and is expected to be completed by 11 March 2026.
BFGH, incorporated on December 15, 2003, acts as the holding company for Bharat Forge's overseas investments. It mainly manages investments in manufacturing subsidiaries located in Germany, Sweden, and France.
Since BFGH is a wholly owned subsidiary, the investment qualifies as a related party transaction, but it will be carried out on an arm's length basis.
After this investment, Bharat Forge will continue to hold 100% ownership of BFGH. The company has already received all the required regulatory approvals for the investment.
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