Asian markets traded mixed on Thursday, following overnight losses on Wall Street.

US stock market indices ended lower for a second straight session on Wednesday, as investors booked profits.

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

Source: Equitymaster

At present, the BSE Sensex is trading 316 points lower, and the NSE Nifty is trading 105 points lower.

Bharat Elec, Bharati Airtel, and ICICI Bank are among the top gainers today.

Tata Motors, Asian Paints, and Maruti Suzuki, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.2% higher, and the BSE Smallcap index is trading 0.03% higher.

Barring the metal sector, all other sectoral indices are trading negatively today, with stocks in the power sector and media sector witnessing selling pressure.

The rupee is trading at Rs 88.1 against the US dollar.
 

Polycab India Promoters Sell 0.81% Stake

Newgen Software Technologies announced that Tata Consultancy Services N.V., Belgium, and its UK-based subsidiary had signed a Master Service Agreement.

The five-year agreement, which is worth Rs 0.4 billion (bn), includes software licensing, cloud hosting, and implementation services.

As per the agreement, Newgen will offer a Belgian end user a modernised cloud-based enterprise records management platform.

The deal highlights Newgen's emphasis on modernising enterprise solutions in foreign markets and adds to its expanding global portfolio.

The agreement, which is carried out through a wholly owned subsidiary called Newgen Software Technologies (UK) Limited, highlights the company's strategy to forge closer ties with major players in the global IT industry like TCS.
 

Waaree Energies Invests in Lithium Cell Plant

Waaree Energies Limited, a domestic producer of solar modules, announced that it had invested Rs 3 bn through a rights issue in Waaree Energy Storage Solutions Private Limited (WESSPL), its wholly owned subsidiary.

The investment consists of Rs 0.6 bn partially paid-up equity shares that are issued at par and have a face value of Rs 10 each. Of this, Rs 5 per share was paid on application, while the balance, Rs 5 per share, will be payable on call.

The filing claims that WESSPL, which was incorporated in Mumbai in February 2020, reported zero turnover for the preceding three years and the fiscal year that ended in 2025. After the investment, it will continue to be a fully owned subsidiary of Waaree Energies.

According to the company, the funds will be utilised to establish a manufacturing facility for lithium-ion advanced chemistry storage cells. WESSPL is completely in line with Waaree's primary company and is a part of the renewable energy sector.
 

Tata Steel Invests in Singapore Arm

Tata Steel Ltd announced that it had invested new funds in T Steel Holdings Pte. Ltd (TSHP), its foreign subsidiary, by purchasing 457.7 crore equity shares valued at Rs 40.5 bn.

The purchase of additional shares, each with a face value of USD 0.1005, brings the company's total investment in TSHP this year to USD 460 million.

Following the most recent equity infusion, TSHP will remain a fully owned foreign subsidiary of Tata Steel, the company announced in an exchange filing.

The action comes after a series of previous capital infusions that were made public between May and August of this year with the goal of bolstering Tata Steel's global operations.

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