Sensex Today Tanks 1,770 Points; Nifty Below 23,250

Asian markets traded lower on Thursday, following overnight losses on Wall Street after the Federal Reserve's policy decision and the escalating US-Iran conflict, which pushed oil prices higher.

US markets ended sharply lower on Wednesday after the Federal Reserve kept interest rates unchanged and projected only one rate cut this year.

Here's a table showing how US stocks performed on Wednesday:

Source: Equitymaster

At present, the BSE Sensex is trading 1,770 points lower, and the NSE Nifty is trading 533 points lower.

Bajaj Finance, Kotak Mahindra, and M&M, on the other hand, are among the top losers today.

The BSE 150 Midcap index is trading 1.9% lower, and the BSE 250 Smallcap index is trading 1.6% lower.

Sectoral indices are trading negatively today, with stocks in the banking sector and realty sector witnessing selling pressure.

The rupee is trading at Rs 93.2 against the US dollar.

Nazara Tech Expands Globally with AI Gaming Acquisition

Nazara Technologies, through its UK subsidiary, is acquiring a 50% stake in Bluetile Games and BestPlay Systems for about $100 million (around Rs 9.18 billion). It also has the option to buy the remaining 50% by 2028 at a pre-decided valuation.

In addition to the upfront payment, Nazara may pay up to another $98 million in the future, but this depends on how well the companies perform over the next few years in terms of revenue and profits. A key point is that much of this future payment is expected to be funded from the earnings of these companies themselves, and Nazara can also choose to partly pay using its own shares instead of cash.

Strategically, this deal helps Nazara strengthen its global gaming business. Bluetile adds AI-driven game development capabilities, while BestPlay brings user engagement and distribution strengths. Combined with Nazara's existing network, this is expected to help create and scale new gaming titles more efficiently.

In simple terms, Nazara is expanding globally through a structured deal where a significant part of the cost is linked to future performance, reducing risk while positioning the company for growth.

Ultratech Cement Invests in Solar Energy

Ultratech Cement is set to acquire a 26.18% stake in Sunsure Solarpark Seven Private Limited, a company operating in the solar power generation and transmission sector.

The acquisition is intended to support green energy objectives, optimize energy costs, and ensure compliance with regulations for captive power consumption.

No specific regulatory approvals are required, and the deal is expected to be completed within 180 days following the execution of the Energy Supply Agreement and Share Subscription and Shareholders Agreement.

The consideration for the acquisition will be in cash, with a total investment of up to Rs. 0.19 billion (bn).

Zydus Torrent Collaborate Semaglutide India Launch

Zydus Lifesciences and Torrent Pharmaceuticals have teamed up to sell Semaglutide Injection in India. Zydus will make and supply the injection, while Torrent Pharma will sell it under its brand SEMBOLICTm, using its strong presence in chronic disease treatments. Zydus will sell it under its brands SEMAGLYNTm MASHEMATm, and ALTERMETm, and Torrent Pharma will pay a licensing fee to Zydus.

The injection comes in a prefilled pen that can deliver all doses, making it easier for patients to use and follow their treatment.

Semaglutide helps adults with type 2 diabetes who cannot control their blood sugar through diet and exercise alone. It can be used by itself or with other diabetes medicines. It also helps with weight management in adults who are obese or overweight and have related health problems like diabetes, high blood pressure, or high cholesterol.

This partnership combines Zydus's expertise in making the medicine with Torrent Pharma's strong reach in India to make advanced treatments more accessible to patients.