Asian markets are mostly higher on Thursday, after weak US economics data increased hopes for a Federal Reserve rate cut. Investors awaited key US jobs data and tracked development in the US-China trade war and potential talks between them.

US stock market closed mixed on Wednesday, with treasure yields dropping due to weak economic data, which boosted hoped for Federal Reserve rate cut.

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

Source: Equitymaster

At present, the BSE Sensex is trading 428 points higher, and the NSE Nifty is trading 127 points higher.

Reliance Industries, Power Grid Corp, Adani Ports among the top gainers today.

Nestle, Bajaj Finance, and Bharti Airtel, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.3% higher, and the BSE Smallcap index is trading 0.7% higher.

Barringthe  consumer durable sector, all other sectoral indices are trading positively today, with stocks in the power sector and the oil & gas sector witnessing selling pressure

The rupee is trading at Rs 85.8 against the US dollar.
 

BEL Shares Surges on New Orders

Bharat Electronics Ltd (BEL) shares increased in value after the company announced it has secured orders worth Rs 5.4 billion (bn).

It has received the orders since 16 May 2025. Orders include communication equipment, jammers, software and other defence related products and services.

The company reported a strong 18% increase in its Q4 results net profit for FY24-25, reaching Rs 21.1 bn compared to Rs 17.8 bn in the same period last year.

Revenue from operation increased by 7% to Rs 911.9 bn in Q4FY25, up from Rs 852.8 bn in the same quarter last year.

Total expenses increased by 1.6% to Rs 646.6 bn in Q4FY25, compared to Rs 636.4 bn in Q4FY25.

BEL is a leading Indian public sector company specializing in aerospace and defence electronics. Based in Bangalore, it produces advanced electronics products for various application. As a Navratna PSU, BEL operates under the Ministry of Defence, Government of India.

KEC International Adds Huge New Contract

KEC International a part of PRG Group, has secured new orders worth Rs 22.1 bn across different business segment.

KEC International has received new orders from the Middle East and Americas.

The company will design, supply and install 380 kV transmission lines in Saudi Arabia and supply towers and hardware in America.

KEC International's Oil & Gas Pipelines business has secured a new order in Africa for terminal station works, adding to its existing pipeline project in the region.

KEC International's Cable business has received a new order for supplying various types of cables in India and abroad.

The company's order win in Saudi Arabia have boosted its international T&D order book, highlighting the Middle East and North Africa region's importance as a key growth driver.

Its subsidiary, SAE Towers has secured a major tower order in Mexico, indicating growth in the North America T&D market. The company's YTD order intake has now exceeded Rs 42 bn with a 40% growth compared to last year.
 

NTPC Energy Secures Massive Solar Power Project

NTPC Green Energy, a subsidiary of NTPC, has secured a 1,000 MW solar power project in an auction by Uttar Pradesh Power Corporation Ltd (UPPCL) at a rate of Rs 2.6 per kilowatt hour (kWh), boosting its renewable energy portfolio.

NTPC Green Energy partners with Honeywell Automation India to explore Sustainable Aviation Fuel (SAF) production in India using Honeywell's eFining technology, leveraging NTPC's captured CO2 and green hydrogen.

NTPC's consolidated net profit rose 4% to Rs 577.8 bn in Q4, driven by a 3.2% increase in operational revenue to Rs 439 bn. However, EBITDA dipped 1% to Rs 112.5 bn and operating marginal slightly decreased to 25.6% from 26.7%.

The company's board of director declared a final dividend of Rs 3.3 per share for FY25, adding two interim dividends of Rs 2.r per share each, reflecting stable returns for shareholders amidst its growing focus on renewable energy.

NTPC Green Energy, incorporated in April 2022, is renewable energy company focused on growing its portfolio through organic and inorganic means.

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