Asian markets traded higher on Thursday, following an overnight rally on Wall Street, on growing Fed rate-cut hopes.

US stock market ended higher on Wednesday, led by tech stocks, amid rising probability of a December interest rate cut from the US Federal Reserve.

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

Source: Equitymaster

At present, the BSE Sensex is trading 155 points higher, and the NSE Nifty is trading 30 points higher.

TMPV, Adani Ports, and Tata Steel are among the top gainers today.

Bharti Airtel the other hand, is among the top losers today.

The BSE Midcap index is trading 0.1% lower, and the BSE Smallcap index is trading 0.1% lower.

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

The rupee is trading at Rs 88.6 against the US dollar.
 

Mahindra Reports Strong EV Sales Growth

Here is the passage rewritten in neutral third-party language:

Mahindra & Mahindra Ltd (M&M) reported electric vehicle (EV) sales of more than Rs 80 billion (bn) in the first half of FY26, placing the company at the top in India in terms of EV revenue generated during the period.

The company's electric Origin models, the XEV 9e and BE 6, introduced in November last year, have together recorded sales of over 30,000 units within seven months. This translates to roughly one EV sold every 10 minutes, according to statements made by Rajesh Jejurikar, ED & CEO at M&M.

The company also indicated that more than 1,000 Mahindra Electric Origin SUVs have crossed the 20,000 km milestone, with 65% of these vehicles being used daily. Collectively, customers have driven over 200 million kilometers, which the company says reflects the vehicles' capability and performance.

According to R Velusamy, President, Automotive Business at M&M and Managing Director of Mahindra Electric Automobile Ltd., customer feedback suggests that the BE 6 combines a futuristic exterior with a racing-inspired interior experience, reinforcing its electric-focused design.
 

Asian Paints Becomes Team India Partner

Asian Paints has entered a three-year partnership with the Board of Control for Cricket in India (BCCI) as the official colour partner for Team India. The agreement, announced on Tuesday and covering 110 matches, was finalized for an undisclosed amount.

Through this collaboration, Asian Paints joins brands such as Reliance Industries' Campa, SBI Life, and Atomberg Technologies in the roster of official partners. The partnership spans men's, women's, and domestic cricket series played within India.

The company's activation plans include on-ground engagement and digital initiatives, such as the introduction of The Asian Paints Colour Cam, a fan cam designed to highlight the most colorful spectators. Additionally, the brand will run a colour countdown segment to share colour and home decor trends with audiences.
 

Wipro Collaborates with Indian Institute of Science

Wipro has announced a strategic partnership with the Indian Institute of Science (IISc) and the Foundation for Science Innovation and Development (FSID) to work together on advanced research and innovation in emerging technologies.

The goal is to make faster progress in areas like agentic AI, embodied AI, quantum AI, and quantum-safe solutions, helping businesses build safer, smarter, and more independent digital systems.

The partnership will use the Wipro Innovation Network, part of Wipro Intelligence's suite of AI-powered solutions, to support collaboration, speed up enterprise transformation, and deliver scalable AI solutions.

Under this agreement, Wipro and IISc will launch a joint research program focused on quantum computing, advanced AI models, secure digital infrastructure, and new ways to develop autonomous networks. Senior faculty and researchers from IISc will work closely with Wipro's engineers and technologists.

This collaboration is expected to strengthen Wipro's ability to provide next-generation AI solutions across industries like telecom, manufacturing, financial services, and healthcare.

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