Asian markets are mostly trading higher on Friday, following a positive cue from Wall Street overnight. This comes after US President Trump announced potential trade deal with UK which might lead to reduced tariff steel and aluminium imports. Also tariff on Chinese goods could decrease if upcoming talks between the US and China go well.

US stock market climbed on Thursday after Trump announced trade deal framework with UK. The first major agreement since US imposed tariff earlier this year.

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

Source: Equitymaster

At present, the BSE Sensex is trading 700 points lower, and the NSE Nifty is trading 235 points lower.

Titan Company, Tata Motors, and  Asian Ports are among the top gainers today

UltraTech Cement, ICICI Bank, and HDFC Bank, on the other hand, were among the top losers today.

The BSE MidCap index ended 1.3% lower, and the BSE SmallCap index ended 1.8% lower.

Barring the capital goods sector and the consumer durable sector, all other sectoral indices were trading negatively, with stocks in the power sector and realty sector witnessing selling pressure.
 

Coal India Invest in Green Energy

Coal India plans to invest Rs 250 billion (bn) is setting up 4.5 GW of renewable energy projects. The clean energy generated will power green ammonia facilities of AM Green, located in Gujarat's Kandla or elsewhere.

AM Green is founded by the promoters of Greenko Group, is a leading renewable energy company in India.

Coal India and AM Green Ammonia have signed a preliminary agreement for one of the world's largest renewable energy deals.

Coal India will set up solar and wind projects across India to supply renewable energy supporting the country's goal of clean energy and zero emissions.

It will setup wind projects in southern India and solar plants in states like Gujarat and Rajasthan. A non-binding MoU was signed in Kolkata to formalize the long-term renewable energy supply deal.

AM Green aims to produce 5 million tons of green energy annually by 2030 which is equal to 1 million tons of green hydrogen.

HCC Reports Loss, Bags New Order

Hindustan Construction Company (HCC) reported a 63% drop in net profit to Rs 0.9 bn for the Q4FY25.

HCC made a profit of Rs 2.5 bn in the same quarter last year.

Total income dropped to Rs 13.9 bn from 18.1 billion last year.

Also, total expenses declined to Rs 10.7 bn from Rs 20.7 bn.

HCC's net profit for 24-25 was Rs 1.1 bn down from 4.8 bn in the same period last year.

The company has secured three contracts worth Rs 56.9 bn with its share being Rs 34.7 bn, financial year.

HCC is also the lowest bidder for Rs 35.1 bn projects and has bid worth Rs 309.5 bn under evaluation.

HCC raised Rs 3.5 bn via rights issue and Rs 6 bn through QIP and continues to repay debt to improves its financial health.

HCC is a leading infrastructure developer in India, executing diverse projects such as dams, tunnel, bridges, power plants, expressways, roads, marine structures, water supply systems and industrial building playing an important role in building India's future infrastructure.
 

Jindal Stainless Post 18% Profit Jump

Jindal Stainless reported an 18% increase in its Q4 net profit reaching Rs 5.9 bn, primarily due to higher sales volume during the period.

Net profit in the previous year was Rs 5 bn.

Revenue increased by 7.8% to Rs 101.9 bn, while net profit fell 9.8% despite higher revenue.

Managing director of Jindal Stainless said that company saw 9-10% volume growth in FY25 and expects similar growth in FY26.

The company reported a 1.9% increase in revenue to Rs 393.1 bn for FY25, while its net profit declined 7.7% to Rs 25.1 bn.

It also added that 25% US tariff on steel imports will create a level playing field, as it extends a duty already imposed on India and China in 2018 to all countries. Europe is showing recovery signs.

The US and Europe are expected to account for 70-75% of Jindal Stainless exports. Exports made up 9% of sales in FY25, down from 13% in FY24.

Jindal Stainless has signed a non-binding MoU with the Maharashtra government to invest Rs 400 bn is setting up a new stainless steel manufacturing facility. It would be developed over next 10 years, creating over 15,000 jobs.

Jindal Stainless is hopeful that domestic stainless-steel growth and aims to maintain its leadership.

The company is discussing anti-dumping duties with the government to address low-priced imports.

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