Asian markets traded lower on Tuesday, tracking overnight losses on Wall Street, triggered by US President Donald Trump's criticism of Federal Reserve Chairman Jerome Powell.

US markets slumped on Monday amid renewed political pressure on the Federal Reserve and a lack of progress in global trade negotiations.

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

Source: Equitymaster

At present, the BSE Sensex is trading 209 points higher, and the NSE Nifty is trading 50 points higher.

Kotak Mahindra, HDFC, and JSW Steel are among the top gainers today.

Infosys, Bajaj Auto, and IndusInd Bank, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.7% higher, and the BSE Smallcap index is trading 0.6% higher.

Sectoral indices are trading mixed today with stocks in the IT sector and the auto sector witnessing selling pressure, meanwhile, stocks in the banking sector and the telecommunication sector witness buying.

The rupee is trading at Rs 85.1 against the US dollar.
 

Tata Motors Partners for Green Energy

Tata Motors and Tata Power are working together to create a renewable energy project that combines wind and solar power.

This project will generate 300 million units of clean electricity every year and reduce C02 emissions by over 2 lakh tons annually.

Vishal Badshah, the president of Tata Motors, said that Tata Motors is committed to sustainable manufacturing and integrating renewable energy into operations, and reducing carbon footprints. This project shows how to use renewable energy and make a positive impact on the environment.

Param Choudhary from Tata Motors also added that they are working towards using clean energy to make their vehicle production more eco-friendly.

The company mentioned that the integrated wind-solar hybrid solutions will provide a clean and effective supply of green energy to Tata Motors' factories in Maharashtra and Gujarat.

This sustainable energy will be used in manufacturing vehicles, making the production process more environmentally Friendly.

DVC, Coal India Collaborate

Coal India and another company, Damodar Valley Corporation (DVC), are teaming up to build a large power plant in Jharkhand. They'll invest around 165 billion rupees in this project.

The new power plant will have two big units that can produce 800 megawatts of electricity each. It's an expansion of an existing plant that already produces 500 megawatts.

Coal India and DVC together will be developing a new 2x800 MW ultra-supercritical thermal power plant. This new project will expand the existing Chandrapura Thermal Power Station, which currently operates at 2x250 MW, giving it a major boost in capacity

This project will be teamwork between the two companies, with each owing 50% of the project.

The coal needed to run the powerplant will come from the nearby coal mines owned by companies related to coal India.

Over the past year, Coal India shares took a hit falling 8% and underperforming its sector by 15%. Meanwhile the stock has delivered impressive returns of 94% over the last three years and 188% last five years.
 

Paytm Money Slashes MTF Interest Rates

Paytm shares are likely to be in focus after Paytm money, which is owned subsidiary of One 97 communication disclosed a new interest rate for its Margin Trading facility (MTF) or Pay Later.

They are lowering interest rates to 9.75% for big investors and introducing a new brokerage fee of 0.1% per trade.

Paytm Money is making investing more accessible and affordable for both small and big investors. They're committed to providing transparent and fair pricing, aiming to encourage more people to start their investment journey and democratize wealth management in India.

The changes will take effect on two different dates: the revised interest rates start from 18 April 2025, and the new brokerage rate of 0.1% per trade will be applicable from 18 May 2025.

Paytm shares closed 3.4% higher at Rs 878 on Monday. In the last month, the stock rose 17%, and over the past year, it's surged 132%. The company's market value is currently Rs 560 billion (bn).

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