Sensex Today Trades Lower; Nifty Below 25,400

Asian markets traded mixed on Friday, following overnight losses on Wall Street.

US stock market ended mostly lower on Thursday, weighed down by selling in technology stocks, after Nvidia's earnings failed to impress investors.

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

Source: Equitymaster

At present, the BSE Sensex is trading 381 points lower, and the NSE Nifty is trading 129 points lower.

Infosys, Tech Mahindra, and TCS are among the top gainers today.

Bharti Airtel, M&M, and Asian Paints, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.3% lower, and the BSE Smallcap index is trading 0.5% lower.

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

The rupee is trading at Rs 90 against the US dollar.

GMDC & NTPC Partner on Gasification

Gujarat Mineral Development Corporation (GMDC) has announced that it has signed a memorandum of understanding (MoU) with NTPC Limited to explore opportunities in coal and lignite gasification and their downstream use.

According to a stock exchange filing, the agreement sets up a framework to study whether coal from GMDC's blocks in Odisha and lignite from its mines in Gujarat can be used for gasification projects.

The two companies will work together on pilot projects, explore possible end uses, jointly produce and commercialize syngas, and prepare a time-bound action plan.

GMDC's Managing Director said the partnership reflects the company's focus on innovation and better use of mineral resources. He added that gasification technology can provide a cleaner way to create more value from coal and lignite while supporting India's goals of energy security and industrial growth.

Netweb & Vertiv Alliance for AI Infrastructure

Netweb Technologies has informed stock exchanges that it has partnered with Vertiv to jointly design and test advanced AI server solutions.

Under this collaboration, Netweb's in-house GPU-based compute platforms will be integrated with Vertiv's complete AI data center infrastructure solutions. The two companies will work together from the early product design stage, especially on advanced cooling technologies such as Direct-to-Chip liquid cooling for GPU-powered AI and high-performance computing (HPC) systems.

A senior executive at Netweb said the goal is to deliver fully tested, rack-level AI systems where computing, cooling, and power systems are designed to function seamlessly together.

As part of the partnership, Netweb's rack-scale solutions will use Vertiv's liquid cooling systems, including coolant distribution units and free-cooling chillers. They will also incorporate Vertiv's power infrastructure such as busways and uninterruptible power supply (UPS) systems with power conversion and dynamic load management.

According to the company's filing, these integrated liquid-cooled rack solutions are aimed at improving data center efficiency by enhancing cooling performance, optimising power usage, and providing scalable systems to support large-scale AI deployments.

MSTC Secures Coal India Auction Rights

MSTC Limited, a government-owned e-commerce service provider, announced on Thursday, February 26, that it has been selected as the L-1 bidder for a tender issued by Coal India Limited on the GEM portal. The tender involves appointing an external service provider to manage linkage auctions for the non-regulated sector (NRS) over the next three years, according to a stock exchange filing.

Under the agreement, MSTC will handle the complete NRS linkage auction process, including conducting the auctions and executing related agreements through its platform. The contract has been awarded by Coal India and will remain in effect for three years.