Asian stocks struggled to advance on Tuesday, with slightly warmer-than-expected Japanese inflation putting investors on guard ahead of price data due in Europe and the U.S. this week.

MSCI's broadest index of Asia-Pacific shares outside Japan was flat, keeping beneath last week's seven-month peak.

Wall Street indexes fell overnight and S&P 500 and Nasdaq futures nudged 0.1 percent lower in morning trade.

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

Source: Equitymaster

At present, the BSE Sensex is trading 58 points higher and NSE Nifty is trading 18 points higher.

TCS, Grasim, and Cipla are among the top gainers today.

ONGC, UPL, and Axis Bank on the other hand are among the top losers today.

Broader markets are trading on a positive note. The BSE Midcap index is trading 0.3% higher and the BSE Small Cap index is trading 0.4% higher.

Sectoral indices are trading mixed, with socks in the IT sector and the realty sector witnessing buying. Meanwhile, stocks in the oil & gas sector and banking sector witnessed selling pressure.

The rupee is trading at Rs 82.89 against the US dollar.

In commodity markets, gold prices are trading 0.2% higher at Rs 62,257 per 10 grams today.

Meanwhile, silver prices are trading flat at Rs 69,422 per 1 kg.
 

Paytm's Chairman Resign

Paytm said on Monday that Vijay Shekhar Sharma has stepped down as Non-Executive Chairman and Board Member of Paytm Payments Bank Ltd (PPBL).

In a BSE filing, the company said that the PPBL has reconstituted the Board with Central Bank of India's former Chairman Srinivasan Sridhar, retired IAS officers Debendranath Sarangi, and Rajni Sekhri Sibal, and Bank of Baroda's former Executive Director Ashok Kumar Garg.

OCL withdraws its nominee from the Paytm Payments Bank Board, and Vijay Shekhar Sharma steps down as Part-Time non-executive Chairman and Board member, it said in the filing.

PPBL's future business will be led by a reconstituted Board One 97 Communications Ltd (OCL) after the RBI ban on bank operations from 15 March.

Paytm share price performance since listing

TVS Motor buys Killwatt shares

TVS Motor Company on Monday said its Singapore-based arm has increased its stake in the Germany-based electric mobility products and components start-up Killwatt GmbH to 49% with the acquisition of an additional 8,000 equity shares for 4 million euros.

TVS Motor (Singapore) Pte Ltd has agreed to acquire a further 8,000 equity shares in Killwatt GmbH, following which its shareholding will increase from 39.3% to 49% by way of newly issued shares of the latter.

The total consideration for the acquisition of 8,000 equity shares in Killwatt GmbH is 4 million euros, whereby 2 million euros will be paid on or before March 4, and the remaining 2 million euros will be paid at a later date, subject to the completion of a specific pre-agreed milestone by Killwatt GmbH.

Killwatt is a privately held firm engaged in businesses comprising the development, design, manufacture, sale, and distribution of products and components in the field of electric two-wheelers.
 

Wipro Partners Nokia

Wipro announced a joint private wireless solution with Nokia to help enterprises scale their digital transformation.

This joint solution will provide enterprises with a more secure 5G private wireless network solution integrated with their operation infrastructure.

The solution will bring greater reliability, mobility, connectivity speed, real-time access to business insights, and the ability to process high volumes of data with low latency.

Through a dedicated wireless network, enterprises will be able to create an integrated private environment they can control to better manage their performance and mitigate security risks.

Nokia will provide the Nokia Digital Automation Cloud (DAC) and Modular Private Wireless (MPW) solutions inclusive of hardware and software.

Wipro, with its 5G Def-i with Industry DOT and OTNxt platforms, will offer strategic guidance and industry insights for effective integration into the enterprise environment.

This is a big step in Wipro Engineering Edges private 5G offering journey, which shows how Wipro continues to be at the forefront of innovation and connectivity with next-gen technology.

By combining Nokias network expertise with Wipros strategic business, technology, and connectivity capabilities, the company is enabling the promise of technology to drive impactful change and value.

The combined Wipro 5G Def-i, OTNxt, and Industry DOT platforms will bond IT, OT, and Nokia private network connectivity, offering an end-to-end secure business operation solution to our customers.

Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs.

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