Asian markets traded lower on Thursday, following overnight losses on Wall Street, amid rising US-China trade tensions.

US stock market ended lower on Wednesday after mixed earnings dampened risk sentiment.

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

Source: Equitymaster

At present, the BSE Sensex is trading 696 points higher, and the NSE Nifty is trading 199 points higher.

Infosys, HCL Tech, and Tata Steel are among the top gainers today.

Eternal, Bajaj Finserv, and SBI, 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% higher.

Barring the services sector, all other sectoral indices are positive today, with stocks inthe  IT sector and the media sector witnessing buying.

The rupee is trading at Rs 88.6 against the US dollar.
 

BEL Secures Major Defence Contract Deal

Shares of Bharat Electronics Ltd (BEL) came into focus following a major order from Cochin Shipyard valued at Rs 6.3 billion (bn).

The contract strengthens BEL's position as a top supplier of defence technology solutions by covering the supply of components needed for a variety of sensors, weapon systems, fire control mechanisms, and communication equipment.

This most recent victory follows a series of notable orders, including Rs 5.9 bn secured last week and Rs 7.1 bn in mid-September contracts.

Together, these contracts span a wide array of offerings such as tank subsystems, ship data networks, combat management systems, train collision avoidance systems (Kavach), laser dazzlers, jammers, spares, upgrades, IT infrastructure, cybersecurity solutions, and blockchain platforms.
 

Kirloskar Wins Big ONGC Supply Deal

Oil and Natural Gas Corporation Limited (ONGC) has awarded Kirloskar Ferrous Industries Limited (KFIL) a significant deal for the supply of tubing and associated goods.

The deal, which is worth about Rs 3.6 bn, represents a major commercial victory for KFIL in the supply chain for the oil and gas industry.

With this contract, Kirloskar Ferrous Industries has a significant chance to improve its standing in the supply chain for the oil and gas industry. The contract's significant value highlights the project's scope and possible influence on the company's financial results.

Gulshan Polyols Bags Huge Ethanol Deal

A major force in the Indian chemical industry, Gulshan Polyols, has made significant advancements in the field of renewable energy. A significant advancement in the company's business operations has occurred with the awarding of ethanol supply contracts valued at an estimated Rs 11.85 bn.

This allocation for supplying ethanol to Oil Marketing Companies (OMCs) comes under the Ethanol Blended Petrol Programme, an initiative aimed at reducing the country's dependence on fossil fuels and promoting cleaner energy alternatives.

Winning this contract could greatly boost Gulshan Polyols' revenue and strengthen its position in the ethanol and renewable energy markets. It also supports the company's alignment with the government's Ethanol Blended Petrol Programme and national energy goals.

India's ethanol blending initiative aims to cut oil imports and tackle environmental issues. For Gulshan Polyols, this contract offers a chance to expand its offerings and support national energy goals. As renewables grow, such deals signal India's shift to sustainable fuels. This move's impact on Gulshan Polyols' finances and market position will draw investor attention in the coming quarters.

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