Asian equities edged lower for a second day as a record-breaking rally lost steam. Treasuries held gains after rising in US trading amid mixed US economic data.

US Stocks ended mixed on Wednesday.

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

Source: Equitymaster

At present, the BSE Sensex is trading 179 points higher, and the NSE Nifty is trading 66 points lower.

ICICI Bank, Bajaj Auto, and Adani Ports are among the top gainers today.

Hindalco, TCS, and Wipro, on the other hand, are among the top losers today.

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

Sectoral indices are trading mixed today, with stocks in the finance sector and the capital goods sector witnessing buying. Meanwhile, stocks in the metal sector and the IT sector witnessed selling pressure.

The rupee is trading at Rs 89.8 against the US dollar.
 

Tata Steel Q3 Updates

Shares of Tata Steel are in focus after the company announced its Q3 FY26 results.

In 3QFY26, Tata Steel India achieved its best-ever quarterly crude steel production of 6.34 million tons, up 12% QoQ and YoY, driven by higher output at Jamshedpur and Kalinganagar.

For 9MFY26, production rose 6% YoY to 17.2 million tons. Deliveries also hit a record, crossing 6 million tons for the first time, with India deliveries up 9% QoQ and 14% YoY.

Domestic segments performed strongly: Automotive & Special Products reached 0.9 million tons, Branded Products & Retail crossed 2 million tons, and Industrial Products & Projects delivered 1.9 million tons. Value-added products like Tubes, Tinplate, and Wires also grew, while e-commerce platforms Tata Steel Aashiyana and DigECA reported Rs 23.8 billion (bn) GMV, up 68% YoY.

Globally, Tata Steel Netherlands produced 1.68 million tons (deliveries 1.40 million tons), UK deliveries were 0.52 million tons with EAF project prep underway, and Tata Steel Thailand delivered 0.29 million tons, up 5% YoY, led by strong domestic rebar sales.
 

NCL Industries Q3 Update

Shares of NCL Industries are in focus after the company announced its Q3 FY26 results.

NCL Industries Limited reported a 5% increase in both cement production and dispatches for Q3FY26. Cement production rose to 6.95 lakh tonnes from 6.61 lakh tonnes a year ago, while dispatches increased to 6.93 lakh tonnes from 6.63 lakh tonnes.

For the first nine months of FY26, cement production grew 3% to 19.69 lakh tonnes and dispatches rose 2% to 19.61 lakh tonnes.

However, other product segments faced declines. Cement board production fell 41% in the quarter and 35% over nine months, with dispatches down 25% for the quarter and 32% for nine months. Ready-mix concrete (RMC) production and sales dropped 18% in the quarter and 15% over nine months. Door production and sales plunged completely in the quarter and fell 93% for the nine months.

On the energy side, hydro power generation saw modest growth, rising 2% in the quarter and 6% over nine months.
 

Infosys and AWS Boost Gen AI

Bengaluru-based IT company Infosys has partnered with Amazon Web Services (AWS) to speed up the use of generative AI in businesses.

Announced on 7 January, the partnership will combine Infosys Topaz, the company's AI-first platform, with AWS's generative AI tool, Amazon Q Developer.

This collaboration comes as IT companies increasingly invest in AI to boost growth and innovation.

Infosys Topaz offers AI-based services and solutions, while Amazon Q Developer is an AI-powered assistant. Together, they aim to improve Infosys' internal operations and help customers in sectors like manufacturing, telecom, financial services, and consumer goods innovate faster.

Infosys said it will use Topaz to drive AI-based improvements in areas like software development, HR, recruitment, sales, and vendor management.

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