Markets in the Asia-Pacific region traded lower on Wednesday morning, tracking overnight losses on Wall Street. Sentiment was dampened by rising global bond yields and renewed concerns over international trade.

U.S. stocks closed lower on Tuesday, with investors weighing the latest developments on the trade front to kick off a seasonally poor month for equities. Rising yields also worried investors.

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

Source: Equitymaster

At present, the BSE Sensex is trading 20 points higher, and the NSE Nifty is trading 11 points higher.

Tata Steel, Hindalco, and ONGC are among the top gainers today.

ICICI Bank, Hero MotoCorp, and Bajaj Finance are among the top losers today.

The BSE Midcap index is trading 0.2% higher, and the BSE Smallcap index is trading marginally higher.

Sectoral indices are trading mixed today, with stocks in the metal sector and energy sector witnessing buying. Meanwhile, stocks in the IT sector and the telecom sector are witnessing selling pressure.

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The rupee is trading at Rs 87.8 against the US dollar.
 

Adani Power Secures Dhirauli Clearance

Adani Power has received approval from the Ministry of Coal to commence operations at the Dhirauli Mine in Singrauli, Madhya Pradesh. The approval marks a key step in strengthening the company's raw material security and reinforcing its leadership in the power sector.

The mine, owned by Mahan Energen Ltd., a subsidiary of Adani Power, has a peak production capacity of 6.5 MTPA-5 MTPA from open-cast mining and the balance from underground operations. With a gross geological reserve of 620 MMT and a net reserve of 558 MMT, the Dhirauli block promises decades of reliable fuel supply and operational stability.

Aligned with its responsible mining approach, Adani Power plans to wash and process coal within the mining area to minimise impurities, ensuring cleaner operations and reduced emissions.

This is the company's first captive mine to receive government approval for operations. The open-cast peak rated capacity is expected to be achieved by FY27, while underground mining is scheduled to begin nine years later. The 30-year mining lease further ensures long-term continuity.

The Dhirauli mine is set to meet Adani Power's merchant power requirements and support the nearby 1,200 MW Mahan Power Plant, which is currently undergoing a major 3,200 MW expansion.
 

BHEL Wins GST Case

State-run engineering firm Bharat Heavy Electricals Limited (BHEL) on Tuesday (September 2) said it has received a favourable order from the Commissioner, CGST (Appeals), Dehradun, in a matter related to goods and services tax.

The order dated June 30, 2025, and received on September 1, 2025, was passed in favour of BHEL, dismissing the department's appeal. The case was linked to a show-cause notice issued on December 26, 2023, under Section 73 of the CGST Act, 2017, demanding Rs 312 million along with applicable interest and penalty.

The matter pertained to the financial years 2018-19 and 2020-21. Earlier, the Joint Commissioner had dropped the show-cause notice, against which the department had filed the appeal.

BHEL stated that the favourable order has been accepted by the company and no further action is required. The order has no impact on the company's financials or operations.
 

TCS Wins New Order

Tata Consultancy Services (TCS), India's largest IT services firm, has secured a $640 million deal from Danish insurer Tryg, its first major contract win since January 2024.

Under the seven-year agreement, TCS will strengthen its long-standing partnership with Tryg by modernising the insurer's IT infrastructure with artificial intelligence and cloud-based solutions. The deal is expected to generate around $90 million in annual revenue for TCS.

This win is significant for TCS, which has faced challenges in clinching contracts above the $500 million mark in recent quarters. Its last large deal came in January 2024, when it signed a $2.5 billion, 15-year agreement with UK-based Aviva.

The latest contract not only reinforces TCS's 15-year relationship with Tryg but also provides a much-needed boost at a time when the global demand environment remains uncertain.
 

Waaree Energies Acquires stake in Kotson's

The battery manufacturer will acquire a 64% stake in Kotson's Pvt Ltd for Rs 1.9 bn, making it a subsidiary.

Kotson's, founded in 1978, manufactures advanced transformer solutions.

The company will also acquire 100% of Impactgrid Renewables Pvt Ltd from its wholly owned subsidiary, Waaree Forever Energies.

The cost of acquisition is Rs 75 per share having a face value of Rs 10 per share. That is 25.6 m shares for total consideration of Rs 1.9 bn.

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