Asian markets are mostly trading higher on Tuesday following a positive night on Wall Street. This comes after the US and China agreed to reduce tariff on each other's goods, easing fear of prolonged trade war.

US stock market surged on Monday after the US-China agreed to temporarily reduce tariff, easing trade war fears and bosting investors sentiment.

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

Source: Equitymaster

At present, the BSE Sensex is trading 830 points lower, and the NSE Nifty is trading 208 points lower.

Sunp Pharma, SBI, and Bajaj Finance are among the top gainers today

Infosys, Kotak Mahindra, and HCL Tech, on the other hand, are among the top losers today.

The BSE MidCap index ended 0.3% higher, and the BSE SmallCap index ended 0.6% higher.

Sectoral indices were trading mixed today with stocks in media sector and IT sector witnessing selling pressure. Meanwhile, stocks in healthcare sector and services sector witness buying.
 

Vedanta Boosts India's Critical Mineral Holdings

Vedanta under Anil Agrawal's leadership is exploring critical mineral resources in multiple Indian states, including Maharashtra, Rajasthan, Bihar, Arunachal Pradesh, Karnatak, and Chhattisgarh to boost domestic mineral production.

Critical mineral are key materials needed for modern, eco-friendly technologies like electric cars, wind turbines, and renewable energy system with demand rising rapidly.

The company is expanding its search for crucial minerals such as copper, nickel, cobalt and others in state like Maharashtra, Rajasthan, Karnataka, driven by India's push for mineral security and self-sufficiency in these key recourses.

Vedanta indeed won four blocks in the fourth round of critical mineral blocks auction.

The company is diversifying its product range by expanding into value-added zinc and aluminimum products. It has recently started producing zinc alloys with a 30,000 tonnes per year capacity plant.

Vedanta's board approved Rs 12.5 billion (bn) for expanding its aluminium production capacity, including a smelter expansion and increasing value added product output.

Vedanta is natural gas company that extracts and process minerals, oils and gas. It operates in several countries and deal with products like zinc, lead, copper and more. They also have business in power generation, steel, ports, and glass manufacturing.

Tata Steel Post Strong Q4 Earnings

Tata Steel reported profit more than doubled to Rs 13.01 bn in Q4FY25 compared to Rs 6.1 bn in Q4FY24.

Revenue for Q4FY25 was Rs 562.2bn, down 4.2% for the same quarter last year but up 4.8% from the previous quarter.

Tata Steel's CEO highlighted that FY2025 was a key transition year. The company achieved record India deliveries of 21 million tons, a 5% increase and remained a top supplier for automotive steel. Tata Tiscon also saw a record volume growth of 19% to 2.4 million tons.

FY25 net profit of Tata Steels was Rs 31.7 bn compared to a loss of Rs 49.1 bn in FY24

The company's board of director also recommended a dividend of Rs 3.6 per share for FY24-25 and approval of the shareholder in the upcoming general meeting.

Tatat Steek is Asia's first integrated private steel company. It handles everything from mining to producing and distributing steel products. The company aims to increase its domestic steels production capacity to 30 million tons per year by 2025.
 

Raymonds Lifestyle Reports Huge Q4 Loss

Raymonds Lifestyle reported a Q4FY25 net loss of Rs 4.5 bn, compared to net profit of Rs 23.6 bn in the same quarter last year.

The company's poor performance was mainly because of lower sales, reduced profit margins and increased expenses.

Q4 revenue fell 11.3% to Rs 14.9 bn from Rs 168.4 bn last year. The drop in revenue was due to weak consumer demand and a ransomware attack that disrupted operations.

Despite challenges, the company remained committed to long-term sustainability and profitability. However, their financial performances took hit EBITDA plummeted 94.5% to Rs 1.4 bn from Rs 24.6 bn last year and the EBITDA margin drastically dropped to 1% from 14.6%.

Total expenses increased 4.5% to Rs 162.5 bn from Rs 155.6 bn dropping profit.

The branded textile business saw revenue drop 21% to Rs 72.7 bn from 92 bn. This also experienced a sharp fall in EBITDA margins dropping 7% from 21.8%.

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