Asian markets traded mixed on Thursday. Japan's Nikkei 225 rose 0.20%, while the Topix gained 0.11%. South Korea's Kospi rallied 0.29% and the Kosdaq declined 0.34%.

US stock market ended higher on Wednesday, with the S&P 500 touching an intraday record high.

The Dow Jones Industrial Average gained 0.31% to 45,557.67, while the S&P 500 rose 0.22% to 6,480.05. The Nasdaq closed 0.18% higher at 21,583.83.

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

Source: Equitymaster

At present, the BSE Sensex is trading 641 points lower, and the NSE Nifty is trading 188 points lower.

Hero MotoCorp, HUL, and Asian Paints are among the top gainers today.

HCL Tech, TCS, and HDFC Bank are among the top losers today.

The BSE Midcap index is trading 1% lower, and the BSE Smallcap index is trading 1.1% lower.

Sectoral indices are trading negatively today, with stocks in the realty sector, IT sector, and power sector witnessing the most selling pressure.

The rupee is trading at Rs 87.59 against the US dollar.
 

Tata Steel Acquires Singapore Subsidiary Stake

Tata Steel has acquired shares worth Rs 31 billion (bn) in its Singapore-incorporated subsidiary T Steel Holdings Pte. Ltd.  In an exchange filing, one of the biggest names in the Indian Steel industry said that it is infusing more funds in T Steel Holdings Pte. Ltd by means of subscription to equity shares.

On August 26, 2025, Tata Steel acquired 353,23,38,309 equity shares of face value US$ 0.1005 each, aggregating to US$ 355 million (or about Rs 31 bn) in T Steel Holdings Pte. Ltd.

Post this acquisition, TSHP will continue to be a wholly owned foreign subsidiary of the company.

This is a crucial juncture for steel companies like Tata Steel, who are preparing for the uncertainties surrounding Trump's tariff.
 

Texmaco, RVNL Form Rail JV

Texmaco Rail & Engineering Ltd on Wednesday announced the formation of a joint venture with Rail Vikas Nigam Ltd (RVNL) aimed at driving India's railway modernisation and boosting export competitiveness.

The JV will focus on manufacturing freight and passenger rolling stock such as wagons, locomotives, coaches, trainsets and metro coaches. It will also undertake EPC projects, depot operations and participate in global tenders, according to a statement.

As part of the arrangement, Texmaco, a company under the Adventz Group, will hold a 49% stake, while Navratna PSU RVNL will retain majority ownership.

The transaction is expected to be completed by December 2025, subject to necessary approvals. The JV also plans to leverage automation, artificial intelligence and green technologies to provide advanced and cost-efficient railway solutions, the companies added.
 

Oil India, BPCL Seal Gas JV

State-owned oil explorer Oil India and refiner Bharat Petroleum (BPCL) have formalised the creation of a joint venture company (JVC) to develop a gas distribution network in Arunachal Pradesh.

The venture will establish Compressed Natural Gas (CNG) stations across the state and provide Piped Natural Gas (PNG) supply to domestic, commercial and industrial consumers. Both companies will hold an equal 50% stake in the project, following BPCL's board approval in October last year.

The OIL-BPCL consortium secured the Arunachal Pradesh distribution project during the 12th round of City Gas Distribution (CGD) bidding conducted by the Petroleum and Natural Gas Regulatory Board (PNGRB).

The bidding round, which concluded in March 2024, aimed to expand access to natural gas across eight geographical areas spanning six northeastern States along with the Union Territories of Jammu & Kashmir and Ladakh.

With the completion of the 12/12A CGD round, PNGRB has authorised entities to develop CGD networks in 307 geographical areas, covering nearly the entire mainland for natural gas distribution.
 

United Breweries Plans Telangana Expansion

United Breweries Ltd said on Tuesday it will expand its manufacturing capacity by setting up a new canning line at its Nizam Brewery in Telangana to meet rising demand for premium products of Kingfisher and Heineken.

The facility will add 0.4 million hectolitres (mhl) of capacity within a year to the company's existing 0.5 mhl, which is currently running at more than 90% utilisation, the brewer said in a stock exchange filing.

The project, requiring an investment of Rs 900 m, will be funded through internal accruals, the Heineken-controlled company added.

The company is engaged in the manufacturing and sale of beer and non-alcoholic beverages.

It has a strong presence in the domestic market, with a market share of 54% in the beer industry and in over 50 countries in the world.

United Breweries' flagship brands are Kingfisher and Heineken, which are the most reputed names in the liquor industry.

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