Asian markets are mostly higher on Wednesday, following a positive lead from Wall Street. Optimism about US trade deals has boosted investors' sentiment, and regional currencies are strengthening against the US dollar.The 

US stock market ended higher on Tuesday, driven by gains in technology stocks and optimism surrounding trade talks between the US and its trading partners.

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

Source: Equitymaster

At present, the BSE Sensex is trading 117 points higher, and the NSE Nifty is trading 32 points higher.

Tata Motors, Bharti Airtel, and M&M are among the top gainers today.

TCS, Titan Company, and Ultra Tech Cement, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.1% higher, and the BSE Smallcap index is trading 0.3% higher.

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

The rupee is trading at Rs 85.8 against the US dollar.
 

HBD Financial IPO Gets SEBI Approval

HBD Financial Services, a subsidiary of HDFC Bank, has received SEBI's approval to raise Rs 125 billion through an IPO.

HDFC Bank will sell Rs 100 bn shares in HDB Financial services via an offer-for-sale (OFS) as apart of IPO, reducing the stake in the subsidiary. This will be the HDFC Banks group first public float in six years.

Existing shareholders will of HDB Financial Services will also sell shares via an OFS in IPO.

The HDB Financial Services IPO will be a significant offering, valued at Rs 125 bn, comprising a fresh issue of Rs 250 bn and an OFS of Rs 100 bn by HDFC Bank, allowing the company to raise funds and potentially expand its business operation.

HDFC Bank stated that the IPO's price and detail will be decide later and after the IPO, HDB Financial services will remain a subsidiary of bank, complying with relevant regulations.

HDB Financial Services founded in 2007, offers secured and unsecured loans with over 1,680 branches across India.
 

TPG Offloads Tata Technologies Stake Partly

Tata Technologies Ltd is expected to have a block deal worth Rs 6.3 bn on 4 June 2025, involving the exchange of shares. This significant trade is likely to impact the company's stock activity.

TPG plans to sell a 2.1 stake in Tata Technologies via block deal, valued at 6.3 bn with a floor price at Rs 744.5 per share, at a 3% discount to the closing price of Rs 767.5.

TPG Rise holding a 6.01 stake in Tata Technologies, plans to sell 2.1% through a block deal worth Rs 6.3 bn. Bank of America Securities is handling the sale. The company's hold 55.2% stale, while in public shareholder owns 39.2%.

Tata Technologies net profit rose 20% to Rs 18.8 bn in Q4FY25 from Rs 15.7 bn in the same period last year. The company also declared a final and special one-time dividend for its shareholders.

Tata Technologies Q4 FY25 revenue dipped 1.2% to Rs 128.5 bn but the net profit rose 20% to Rs 18.8 bn. Basic EPS increased to Rs 4.6

Tata Technologies closed 17 large deals in FY25, including one over Rs 41.5 bn and three others worth 4.2 bn and 1.7 bn. The company's net margin also improved to 14.7% in Q4FY25 from 12.9% in the same period last year.

Servotech Wings Big Solar Contract Deal

Servotech Renewable Power System Ltd has been awarded a Rs 3.3 bn solar project by Northeast Frontier Railways Rangiya Division. The project includes installing a 7.8 MW solar rooftop system and a 5-year maintenance contract.

This solar project will help the Northeast Frontier Railway reduce its carbon footprint and support India's renewable energy goals, showcasing the company's role in promoting sustainability.

Director of Servotech expressed pride in partnering with Northeast Frontier Railway, highlighting the company's expertise in delivering reliable and sustainable solar energy solutions.

Th project will boost the railways energy efficiency and solidify Servotech reputation as a trusted clean energy provider in India.

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