Sensex Today Trades Lower; Nifty Below 25,550

Asian markets traded mixed on Tuesday, following overnight selloff on Wall Street, amid uncertainty over US President Donald Trump's tariff policy and rising geopolitical tensions.

US stock market ended sharply lower on Monday, as ongoing fears of artificial intelligence-related disruption and tariffs uncertainty dampened risk-appetite.

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

Source: Equitymaster

At present, the BSE Sensex is trading 695 points lower, and the NSE Nifty is trading 199 points lower.

Tata Steel, NTPC, and Asian Paints are among the top gainers today.

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

The BSE Midcap index is trading 1.7% higher, and the BSE Smallcap index is trading 2.6% higher.

Sectoral indices are trading mixed today with stocks in the IT sector andthe realty sector witnessing selling pressure. Meanwhile, stocks in the metal sector and oil & gas sector witnessed buying.

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

Bharti Airtel Bets Big on Fintech

India's second-largest telecom company, Bharti Airtel, along with its parent Bharti Enterprises, plans to invest Rs 200 billion (bn) in its NBFC arm, Airtel Money, over the next few years.

Airtel will invest 70% of this amount, while Bharti Enterprises will contribute the remaining 30%.

This move comes after Airtel Money received approval from the Reserve Bank of India on 13 February to operate as a Type-II non-deposit taking NBFC.

Airtel wants to use its large base of over 369 million mobile users, along with its technology and data capabilities, to expand its digital lending business. Over the last two years, the company has already disbursed more than Rs 90 bn through its lending platform.

Now, it plans to scale this business further by using its strong digital infrastructure, advanced data analytics systems, and a team of more than 500 data scientists. According to the company, its lending platform has maintained strong asset quality through careful underwriting and real-time risk monitoring.

Through this expansion, Airtel aims to reduce the credit gap in India, improve digital financial inclusion, and provide loans to underserved customers.

Pace Digitek Secures RIL Battery Order

Pace Digitek Ltd has informed stock exchanges that its material subsidiary, Lineage Power Private Ltd, has received a purchase order worth Rs 1.58 bn (including GST) from Reliance Industries Ltd.

The order is for the supply of lithium-ion battery packs, specifically Li-ion 48V 15S1P 314 AH battery packs, as per the company's exchange filing.

The contract has been awarded by a domestic entity and will be executed within India. The delivery of the battery packs is scheduled to be completed by 31 August 2026.

Patel Engineering Secures Renukaji Dam Contract

Patel Engineering has been declared the lowest bidder by Himachal Pradesh Power Corporation (HPPCL) for the Renukaji Dam Project (PKG 1), valued at Rs 9.10 bn.

The project includes the construction of three diversion tunnels, each 9.5 meters in diameter and measuring 1,379 meters, 1,468 meters, and 1,590 meters in length.

It also covers the development of three inlet and outlet portals for the tunnels and 6 kilometres of access roads.

Additionally, the scope includes the installation of hydro-mechanical gates for the diversion tunnels and execution of instrumentation works to ensure operational efficiency and safety.