Asian markets traded higher on Tuesday, tracking the overnight rally on Wall Street.

US stock market ended higher on Monday, with the Nasdaq notching a record high close, lifted by hopes of a Federal Reserve interest rate cut.

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

Source: Equitymaster

At present, the BSE Sensex is trading 251 points higher, and the NSE Nifty is trading 74 points higher.

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

Asian Paints, Sun Pharma, and Maruti Suzuki, on the other hand, are among the top losers today.

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

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

The rupee is trading at Rs 88.1 against the US dollar.
 

RailTel Secures Massive Bihar Education Contracts

RailTel Corporation of India Ltd announced that it had received several orders totalling approximately Rs 3.9 billion (bn) from the Bihar Education Project Council.

These orders included supplies for teaching materials, smart classrooms, integrated science and mathematics (ISM) labs, and information and communication technology (ICT) labs.

The contracts include installing smart classrooms in middle, secondary, and senior secondary schools throughout the state, providing teaching-learning materials for Classes I-V, and setting up ISM and ICT labs. Timelines for execution span from December 2025 to March 2026.

RailTel's Chairman and Managing Director stated that the company's telecom business is expected to grow 8-9% annually. However, the primary driver of expansion will be project-led growth.

With a pan-India optical fibre network, RailTel is a Navratna PSU with a market valuation of roughly Rs 113.8 bn.
 

IRB Infrastructure's August Toll Revenue Surges 12%

IRB Infrastructure Developers Ltd. and IRB Infrastructure Trust announced that their combined toll revenues for August 2025 had increased by 12% year over year.

In August 2025, the two entities' combined toll revenue was Rs 5.6 bn, up from Rs 5 bn in August 2024.

IRB Infrastructure's toll revenue grew 12% in August 2025, driven by strong economic growth. Despite weather-related traffic issues, the company performed well. With the festive season approaching, they expect growth to continue in the coming months.

Following the transfer of assets from its sponsored private InvIT to its public InvIT, the company's operations and maintenance (O&M) order book is expected to reach Rs 309 bn, an increase of roughly Rs 31 bn.
 

HUDCO, NMRDA Partner For Nagpur Growth

The state-owned Housing and Urban Development Corporation Limited (HUDCO) announced that it had inked a memorandum of understanding (MoU) with the Nagpur Metropolitan Region Development Authority (NMRDA), Maharashtra, in Mumbai.

The non-binding MoU seeks to establish a cooperative relationship between the two organisations to facilitate housing, infrastructure development, and land acquisition in the Nagpur Metropolitan Area.

HUDCO and NMRDA signed an agreement where HUDCO will provide funding up to Rs 113 bn for development projects in Nagpur over five years. They'll also offer consultancy services and capacity-building support to NMRDA.
 

Godrej Consumer's Indonesian Arm Expands

The FMCG manufacturer Godrej Consumer Products Limited declared that PT Godrej Consumer Products Indonesia, its material subsidiary, had started building a new manufacturing facility in Kendal, Indonesia.

The goal of the expansion is to increase the company's current operations in the personal care and home care sectors by about 15%. The project will cost about Rs 2.5 bn and should be finished in 18 to 36 months.

The company will fund the investment through internal resources and loans if needed. This expansion aims to meet growing demand and boost the company's manufacturing presence in the region.

PT Godrej Consumer Products Indonesia currently uses 75-80% of its capacity, and the extra capacity will help the business meet rising demand and strengthen its position in the market.

More By This Author: