Asian markets traded mixed on Thursday after the US Federal Reserve policy.

US stock market ended mostly higher on Wednesday, with the S&P 500 index briefly topping the 7,000 points milestone for the first time, after the Federal Reserve kept interest rates unchanged as expected.

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

Source: Equitymaster

At present, the BSE Sensex is trading 381 points higher, and the NSE Nifty is trading 119 points higher.

Tata Steel, NTPC, and Power Grid Corp are among the top gainers today.

Bharat Elec, HUL, and M&M, on the other hand, are among the top losers today.

The BSE Midcap index is trading 1.5% lower, and the BSE Smallcap index is trading 2.2% lower.

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

The rupee is trading at Rs 90 against the US dollar.
 

RVNL GPT JV Ganga Bridge Project

Rail Vikas Nigam Ltd (RVNL)-GPT Infraprojects Joint Venture has emerged as the lowest bidder (L1) for a project awarded by Northern Railway. The project involves designing and constructing a new rail-cum-road bridge over the River Ganga near Kashi Railway Station in Varanasi, about 50 metres downstream from the existing Malviya Bridge.

The bridge will have four railway tracks on the lower deck and a six-lane road on the upper deck. The scope also includes construction of railway and road approaches, along with overhead electrification and other electrical works.

The total project cost is Rs 12.01 billion (bn), including all taxes. In the joint venture, Rail Vikas Nigam Ltd. will hold a 60% share, while GPT Infraprojects Ltd. will hold the remaining 40%.
 

Wipro Expands Agent Native Software Development

Wipro Limited has partnered with Factory, an AI-native software dev

elopment platform backed by Wipro Ventures, to help enterprises adopt AI-driven software development on a scale. Wipro Ventures has also participated in Factory's recent funding round.

Under the partnership, Factory's AI agents will be integrated into Wipro's WEGA delivery platform, strengthening Wipro Intelligence offerings. The solution will be rolled out across Wipro's engineering teams to speed up development, improve code quality, and shorten innovation cycles. Wipro will also offer these capabilities to clients across key industries such as banking, healthcare, manufacturing, retail, and technology.

The collaboration aims to move enterprises from AI experimentation to production-level adoption, enabling faster and more efficient software delivery.
 

ONGC & Reliance Deepwater Partnership India Initiative

Oil and Natural Gas Corporation Limited (ONGC) and Reliance Industries Limited (Reliance) signed a major agreement to share resources for deepwater offshore exploration and production along India's East Coast, particularly in the Krishna Godavari basin and Andaman offshore areas. The deal aims to reduce costs, speed up project execution, and make better use of assets in complex deepwater projects.

The agreement follows the Oilfields (Regulation and Development) Amendment Act, 2025, which allows E&P companies to share infrastructure and facilities onshore and offshore, helping to develop oilfields and produce hydrocarbons more efficiently.

Under the deal, ONGC and Reliance will share key resources such as processing facilities, drilling rigs, marine vessels, pipelines, power, and well services.

The partnership is expected to provide benefits including lower costs by sharing expensive equipment, better use of resources by reducing duplication and idle capacity, faster project execution with improved access to limited deepwater services and enhanced operational safety through shared emergency response and training.

The agreement aligns with the Indian government's focus on energy security through domestic exploration, efficient infrastructure use, and industry collaboration.

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