Asian markets are trading higher on Thursday, supported by an overnight tech rally on Wall Street that boosted the S&P 500 and Nasdaq Composite.

The US stock market traded higher on Wednesday, supported by gains in tech stocks after a federal court ruling in an Alphabet antitrust case lifted hopes that major tech firms could withstand regulatory challenges.

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

Source: Equitymaster

At present, the BSE Sensex is trading 675 points higher, and the NSE Nifty is trading 188 points higher.

M&M, ITC, and HUL are among the top gainers today.

Eternal, Reliance Industries, and Tata Steel, 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 0.3% higher.

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

The rupee is trading at Rs 88.0 against the US dollar.
 

BHEL Secures Massive Thermal Power Deal

The state-run engineering company Bharat Heavy Electricals Limited (BHEL) announced that it had accepted a letter of intent (LoI) from MB Power (Madhya Pradesh) Limited for the supply of essential equipment for its 1x800 MW Anuppur thermal power project in Madhya Pradesh.

The LoI was valued at about Rs 26 billion (bn).

The disclosure states that the LoI, which was approved on September 3, includes control and instrumentation as well as the supply of boilers, turbines, generators, and related auxiliaries. Supercritical technology will serve as the foundation for the project.

The boiler will be manufactured at BHEL's Trichy plant, while the turbine generator will be produced at the company's Haridwar facility. A completion date of 58 months has been set for the supply.
 

Redington & CrowdStrike Partner for Cybersecurity Boost

Redington Limited, a top Indian tech solutions provider, has partnered with CrowdStrike, a leading cybersecurity company, to bring advanced security solutions to customers in India.

This partnership will help Redington's partners offer better cybersecurity services and protect against threats.

The growing need for strong cybersecurity has created a high demand for advanced solutions. CrowdStrike's Falcon platform helps businesses boost their security and defend against complex threats.

By partnering with CrowdStrike, Redington expands its cybersecurity offerings, enabling its partners to provide top-notch protection for devices, cloud, and data.

Redington will use its large network to sell CrowdStrike's Falcon platform across India, targeting big and small markets.

They'll provide support through various sales efforts and online platforms. Redington will also offer technical help before and after sales to ensure smooth implementation of the platform.
 

Polymed Expands Cardiology Reach with PendraCare Deal

Polymed, an Indian medical device company, is acquiring a 90% stake in Netherlands-based PendraCare Group, a cardiology-focused medical device firm, for Rs 1.8 bn. The remaining 10% will be acquired in 2029 based on PendraCare's performance.

PendraCare Group makes innovative cardiology catheters and provides services to top medical companies. By acquiring PendraCare, Polymed will expand its cardiology business globally, gaining immediate access to key markets in Europe and the US.

One of the few autonomous cardiology ancillary consumable companies in Europe, the group complements Polymed's plan to expand its cardiology business by leveraging its robust R&D and manufacturing capacities.

Polymed expects to save and earn around Rs 2.6 -3.4 bn annually within 3-4 years by combining resources, improving efficiency, and expanding its global reach through PendraCare's network and partnerships.

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