Sensex Today Tanks 698 Points; TCS & Infosys Top Losers

Source: DepositPhotos

Asian markets traded mixed on Friday, following an overnight rally in US tech stocks.

US stock indexes ended higher on Thursday, boosted by gains in semiconductor shares.

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

Source: Equitymaster

At present, the BSE Sensex is trading 698 points lower, and the NSE Nifty is trading 197 points lower.

NTPC, Trent, and Sun Pharma are among the top gainers today.

Infosys, Tech Mahindra, and TCS, on the other hand, are among the top losers today.

The BSE 150 Midcap index is trading 0.3% lower, and the BSE 250 SmallCap index is trading 0.07% higher.

Sectoral indices are trading mixed today, with stocks in the power sector and the telecommunication sector witnessing buying. Meanwhile, stocks in the IT sector and the banking sector witnessed selling pressure.

The rupee is trading at Rs 94.5 against the US dollar.

Wipro Enables Scalable Cloud Infrastructure Upgrade

Wipro has successfully completed a major multi-year project for METRO, a global food wholesaler, by moving its IT systems from traditional data centers to a modern cloud-based infrastructure.

This migration is an important step in METRO's digital transformation journey. The new cloud environment is more scalable, secure, and reliable, helping the company support future growth and prepare for wider use of AI technologies.

According to METRO's CIO, Khaled Bagban, the project has created a strong digital foundation that will help the company innovate faster, adopt AI more effectively, and move closer to its goal of becoming an AI-first organization.

As part of the project, Wipro helped METRO transition from legacy systems to a multi-cloud setup through a carefully planned approach that minimized risks and disruptions. The new platform improves cybersecurity, business agility, and operational resilience.

Wipro also introduced AI-powered automation to handle routine tasks such as user management and service requests. This will reduce manual effort, improve response times, and increase efficiency.

In addition, Wipro used AI-driven software engineering tools to speed up development, improve code quality, and resolve issues faster. These tools also help identify recurring problems, enabling better decision-making and improving the stability of METRO's IT operations.

Bharat Forge Expands Global Artillery Reach

Kalyani Strategic Systems Limited (KSSL), the defence subsidiary of Bharat Forge, has entered into a strategic partnership with U.S.-based AM General, a leading military vehicle manufacturer.

The partnership aims to develop and market next-generation mobile artillery systems for armed forces around the world. These systems are designed to be lightweight, highly mobile, durable, and capable of operating in all weather and terrain conditions.

As part of this collaboration, AM General has proposed a joint solution for the U.S. Army's Mobile Tactical Cannon (MTC) program. If selected, the companies plan to develop and deliver the artillery system by 2027.

The proposed system is based on KSSL's Mounted Artillery Gun (MArG) platform, which combines a 155mm cannon with advanced recoil reduction technology. This allows the system to be lighter, more mobile, and easier to transport than conventional artillery systems.

The MArG platform can fire targets more than 40 kilometers away, carry over 20 rounds onboard, and provide both direct and indirect fire support. Its advanced fire-control system enables accurate operations in different combat and weather conditions.

The partnership strengthens Bharat Forge's position in the global defence market and creates opportunities to export advanced artillery systems to allied nations seeking modern battlefield capabilities.