Asian stocks inched higher on Wednesday after a subdued session on Wall Street, with investors awaiting fresh signals on the Federal Reserve's policy stance ahead of its final rate decision of the year.

Most major US stock indexes slipped on Tuesday ahead of an expected Federal Reserve rate cut, though investors also braced for potentially hawkish commentary from policymakers.

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

Source: Equitymaster

At present, the BSE Sensex is trading 267 points higher, and the NSE Nifty is trading 67 points higher.

Adani Ports, M&M, and Trent are among the top gainers today.

Titan Company, Bharti Airtel, and Sun Pharma, 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 0.5% higher.

Sectoral indices are trading positively today, with stocks in the power and realty sectors witnessing buying.

The rupee is trading at Rs 90.00 against the US dollar.

Sectoral indices were trading mixed, with stocks in the telecom sector and the IT sector witnessing buying. Meanwhile, stocks in the metal sector and the power sector are witnessing selling pressure.
 

Highway Infra Secures Major NHAI Contract

Highway Infrastructure Ltd announced on Tuesday that it has won a Rs 3.2 billion (bn) contract from the National Highways Authority of India (NHAI). The company will operate and collect tolls at the Kaza Fee Plaza on the Chilakaluripet-Vijayawada section of National Highway 16 in Andhra Pradesh.

NHAI issued the Letter of Acceptance on December 9. The contract covers tolling on an 82.5-km stretch between km 355 and km 437.5, one of the busiest parts of NH-16. The project was awarded through an online competitive bidding process.

The contract will last for one year. During this period, Highway Infrastructure will manage toll operations on a key part of NH-16, an important route for the movement of goods, including agricultural produce, construction materials, and cargo headed toward ports.

The company, headquartered in Indore, operates toll plazas and manages infrastructure services across multiple states. This new contract strengthens its presence in southern India, where increasing traffic and logistics activity have boosted toll revenue on major highways.
 

Godrej Industries Expands Telangana Investment Footprint

Godrej Agrovet Ltd announced on Tuesday (December 9) that the Godrej Industries Group will invest more than Rs 100 bn in Telangana across multiple business segments.

As part of this investment plan, Creamline Dairy Products Ltd, the maker of Godrej Jersey and a subsidiary of Godrej Agrovet have signed a MoU with the Telangana government.

The agreement was finalized during the Telangana Rising Global Summit 2025.

Under the MoU, Godrej Jersey will invest Rs 1.5 bn to build a modern dairy processing plant on a 40-acre site in the state.

With this new project, the Godrej Group's total planned investments in Telangana have crossed Rs 100 bn.

In addition, due to strong infrastructure, good schools, and attractive living standards in the state, Godrej Properties entered the Hyderabad market earlier this year. The company plans to invest Rs 100 b across four premium residential projects.
 

Tata Power Boosts Network with New Line

Tata Power shares may be in the spotlight on Wednesday, December 10, after the company announced that it has started operations of the 400 kV Koteshwar-Rishikesh transmission line.

The new line will help move 1,000 MW of hydropower from the Tehri-Koteshwar power stations in Uttarakhand to six northern states and three union territories.

This will supply clean energy to Uttarakhand, Haryana, Punjab, Uttar Pradesh, Himachal Pradesh, Rajasthan, and the UTs of Chandigarh, Jammu & Kashmir, and Delhi.

The project was executed by NRSS XXXVI Transmission Limited, which is owned by Resurgent Power Ventures, a joint venture promoted by Tata Power, ICICI Bank, and global investors.

The entire work was finished within one year, from November 2024 to December 2025, by around 500 workers, after clearing 103 hectares of land.

Tata Power noted that the line passes through some of the toughest Himalayan terrain, reaching heights of over 1,816 meters in the New Tehri and Dehradun districts.

This is the third major transmission line commissioned under the NRSS project. Earlier lines include the LILO Sikar-Neemrana line and the LILO Babai-Bhiwani line.

With this latest addition, Tata Power now has 7,083 circuit kilometers of transmission lines under execution across India.

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