Asian markets opened lower in the final full trading week of 2025 as mounting concerns over the earnings outlook for technology companies and their massive spending on AI sapped risk sentiment.US stocks retreated on Friday as investors continued rotating out of technology names and into value-oriented sectors.

The S&P 500 fell 1.07% to close at 6,827.41, while the Nasdaq Composite dropped 1.69% to 23,195.17

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

Source: Equitymaster

At present, the BSE Sensex is trading 392 points lower, and the NSE Nifty is trading 128 points lower.

Shriram Finance and Asian Paints are among the top gainers today.

ONGC, Trent, and Cipla, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.4% lower, and the BSE Smallcap index is trading 0.2% lower

Sectoral Indices are trading mixed today, with stocks in the banking sector and realty sector witnessing selling pressure. Meanwhile, stocks in the IT sector and oil & gas sector are witnessing a buying spree.

The rupee is trading at Rs 90.55 against the US dollar.
 

Wipro Expands Google Cloud Partnership

Wipro Ltd has strengthened its long-standing partnership with Google Cloud by announcing the adoption of Gemini Enterprise across its global operations.

The initiative is part of the company's broader effort to boost enterprise productivity and embed AI-driven workflows at scale.

As per the company's statement, Wipro will roll out Gemini Enterprise-Google Cloud's next-generation agentic AI platform-across key corporate functions such as finance, human resources, sales, delivery, and customer support.

This move aligns with Wipro's "Client Zero" strategy, under which the company first implements and validates new technologies internally before extending them to clients.
 

Aurobindo Pharma Receives 3 USFDA Observations

Aurobindo Pharma Ltd said the US Food and Drug Administration (USFDA) has completed an inspection of Unit-V, an API manufacturing facility of its wholly owned subsidiary, Apitoria Pharma Private Limited, in Telangana.

The inspection was carried out from December 1 to December 12, 2025, at the facility located in the Industrial Development Area, Chemical Zone, Pashamylaram Village, Patancheru Mandal, Sangareddy district.

Following the inspection, the USFDA issued a Form 483 with three observations, which the company described as procedural in nature.

Aurobindo Pharma stated that it will respond to the regulator within the stipulated timelines and added that the observations do not impact the operations of the facility.
 

Swiggy Raises Funds

Food and grocery delivery company Swiggy has completed its Qualified Institutions Placement (QIP) by raising Rs 100 billion (bn) (around US$1.2 billion) from a total of 21 mutual funds, eight domestic insurance companies and close to 50 global investors, the company announced on 13 December.

From the mutual funds side SBI MF, ICICI Prudential MF, HDFC MF, Nippon India MF, Kotak MF, Mirae MF, Axis MF and Birla MF and others invested monies. On the insurance side ICICI Prudential Life Insurance and HDFC Life Insurance, among others, were key investors.

Capital Group, Government of Singapore (GIC), BlackRock, Nomura Asset Management, Temasek, Fidelity and Goldman Sachs Asset Management among others are the key global investors who participated in Swiggy's QIP.
 

Ashoka Buildcon Wins New Project

Ashoka Buildcon Ltd on Sunday, 14 December, announced that its joint venture, Ashoka-Aakshaya JV, has received a Letter of Acceptance-cum-Work Order from the Brihanmumbai Municipal Corporation (BMC) for the construction of a flyover in Mumbai.

In the joint venture, Ashoka Buildcon holds a 51% stake as the lead partner, while Aakshya Infra Projects Private Limited owns the remaining 49%.

The JV had submitted the bid for the project to the civic body.

The project entails the construction of a flyover connecting J.J. Bridge and Sitaram Selam Bridge (Y Bridge) at the junction of J.J. Road and Saboo Siddik Polytechnic Road in 'E' Ward, as disclosed in a regulatory filing. The accepted bid value is Rs 10.4 bn, inclusive of GST.

The contract has been awarded on an EPC (engineering, procurement and construction) basis and is scheduled to be completed within 24 months, excluding the monsoon period.

The company also stated that the trading window for designated persons and their immediate relatives will remain closed until 48 hours after the disclosure, in line with SEBI regulations.

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