Asian markets showed a mixed trend on Tuesday as investors appeared to look past the ongoing uncertainty over US President Donald Trump's shifting tariff policies and instead turned their attention to forthcoming economic data from China.

US stock market closed marginally higher on Monday as investors stayed cautious amid new tariff warnings from US President Donald Trump.

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

Source: Equitymaster

At present, the BSE Sensex is trading 63 points higher and the NSE Nifty is trading 8 points higher.

Bharat Elec, Bharti Airtel, Sun Pharma among the top gainers today.

HCL Tech, Tata Steel, and Ultra Tech Cement, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.4% higher, and the BSE Smallcap index is trading 0.6% higher.

Barring the metal sector, all other sectoral indices are trading positively today, with stocks in the auto sector and the oil & gas sector witnessing buying.

The rupee is trading at Rs 86.0 against the US dollar.
 

Power Mech Secures Large Value Orders

Power Mech Project secured two operation and maintenance (O&M) worth Rs 5.5 billion (bn).

SJVN Thermal awarded Power Mech Projects a Rs 4.9 bn contract to provide O&M services for a two-unit, 660 MW thermal power project in Bihar for a duration of 39 months.

Power Mech Projects received Rs 0.5 bn order from Jhabua Power to run and maintain a 600 MW power plant in Madhya Pradesh for three years, with a one-year extension option.

Established in 1999, Power Mech Projects Limited is a construction and engineering firm that offers integrated services for balance of plant (BOP), civil works, operation and maintenance (O&M), and the erection, testing, and commissioning (ETC) of boilers, turbines, and generators. The company works on subcritical power projects, super critical thermal power projects, and ultra mega power projects.
 

RailTel Wins Big Kavach Contract Deal

RailTel Corporation of India received a Rs 2.6 bn order from East Central Railway to implement the Kavach system, a train collision avoidance system.

The provision of Kavach on 607 route kilometres of low-density railway track under East Central Railway's jurisdiction is included in the contract's scope. The project is expected to be finished by 14 July 2027.

The General Administration Department (GAD) of Chhattisgarh awarded RailTel Corporation of India a new government contract last week for Rs 1.7 bn.

The order involves network connectivity, hardware procurement, commissioning, long-term operation, and maintenance in addition to the deployment of a redesigned integrated communication infrastructure that includes WLAN, LAN, and EPBAX systems. The project is expected to be completed by 14 January 2031.

This most recent contract generates RailTel's total order value for the month to over Rs 1.3 bn, adding to a series of notable orders it received in July.

RVNL Wins Big Delhi Metro Contract

RVNL received a contract from Delhi Metro for a Phase-IV project.

The company will design and build a 7.298 km viaduct and platforms for 7 metro stations in Delhi.

The Rs 4.5 bn contract includes building pre-engineered structures at 7 stations and constructing a viaduct, with a 36-month completion timeline.

A letter of agreement (LoA) for an order from South Central Railway valued at Rs 1.4 bn was signed by Rail Vikas Nigam last week. The contract is for the improvement of Southern Railway's Salem division's electric traction system.

The work specifically entails upgrading the electric traction system for Salem Junction-Podanur Junction and Irugur-Coimbatore Junction-Podanur Junction from a 1x25 kV to a 2x25 kV traction system. According to the update, Southern Railway will be able to meet the 3,000 MT loading target with the new system.

With taxes included, the project will cost Rs 1.4 bn, and the contract must be finished in 24 months.

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