Asian markets traded mostly lower on Wednesday, following overnight losses on Wall Street.

US stock market ended lower on Tuesday, dragged by selling in technology stocks, with the S&P 500 putting in a fourth straight session of losses.

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

Source: Equitymaster

At present, the BSE Sensex is trading 50 points lower, and the NSE Nifty is trading 18 points lower.

TCS, Infosys, and HUL are among the top gainers today.

NTPC, ITC, and Power Grid Corp, 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 0.1% lower.

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

The rupee is trading at Rs 88.7 against the US dollar.
 

TCS Wins NHS Deal for AI Modernisation

Tata Consultancy Services (TCS) announced that it has been selected by the NHS Supply Chain to develop, support, and maintain applications for its cloud infrastructure and core business systems for a period of five years.

According to a regulatory filing, TCS will implement a variety of cloud and AI-enabled solutions as part of the partnership to update NHS Supply Chain's IT infrastructure and improve overall operational effectiveness.

The IT firm will replace the NHS's legacy systems with a modern supply chain enterprise resource planning (ERP) solution for faster time-to-market, seamless scalability, and enhanced customer experience.

To satisfy the demands of the healthcare providers' system, the Mumbai-based company will also convert its legacy operations into a product and platform-based IT operating model, it continued.

NHS Supply Chain is a part of the NHS family, and its role is to source, deliver, and supply healthcare products, services, and food for NHS trusts and healthcare organisations across England and Wales.
 

HUL Sets Record Date for Demerger

The massive fast-moving consumer goods (FMCG) company Hindustan Unilever Ltd (HUL) declared that the board of directors had set the record date for the demerger of its ice cream company, Kwality Wall's (India) Ltd, into a new company.

According to the BSE filing, the board has set Friday, 5 December 2025, as the record date for the spin-off of shares. This implies that HUL shareholders will be qualified to receive shares of the new company based on the record date.

The company also announced that the demerger scheme will be effective from 1 December 2025.

Earlier this year, in May 2025, a board meeting approved HUL's decision to demerge Kwality Walls, its ice cream business. For each HUL share held, each shareholder will receive one Kwality Walls share in accordance with the demerger rules.
 

GR Infra Gets Approval for Rail Project

On Tuesday, G R Infraprojects Ltd announced that Western Railways had given it an appointment date of 15 November 2025, for a gauge conversion project in Gujarat's Vadodara division.

In addition to earthwork, blanketing, ballast supply, minor and major bridges, station buildings, water and sanitation facilities, platforms, retaining walls, drains, track linking, and work related to 30 road under-bridges (RUBs), the project encompasses 38.9 km of gauge conversion between Kosamba and Umarpada. The provision of new rails is not covered by the contract.

According to the company, the project will be carried out using the engineering, procurement, and construction (EPC) model, with a contract value of Rs 2.6 billion (bn), and it will be finished in 730 days from the scheduled date.

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