Asian markets traded mixed on Thursday, as investors continued to weigh the ongoing ceasefire between Israel and Iran.

US stock market closed mixed on Wednesday, with investors monitoring a potential Israel-Iran ceasefire and Federal Reserve Chair Jerome Powell's congressional testimony.

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

Source: Equitymaster

At present, the BSE Sensex is trading 440 points higher, and the NSE Nifty is trading 102 points higher.

Bajaj Finance, Bharti Airtel, and Bharat Elec are among the top gainers today.

Tech Mahindra, Trent, and M&M, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.1% higher, and the BSE Smallcap index is trading 0.3% higher.

Sectoral indices are trading mixed today, with stocks in the metal sector and the telecommunication sector witnessing buying. Meanwhile, stocks in IT sector and the realty sector are witnessing selling pressure.

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

Jio Finserv Boosts Payments Bank Unit

Jio Financial Services invested Rs 1.9 billion (bn) in its payment bank subsidiary.

Thew company bought 0.2 bn shares of its payment bank subsidiary for Rs 1.9 bn. It recently bought SBI's 17.8% stake in Jio Payments Bank for Rs 1.04 bn.

It is now fully owns Jio Payments Bank after buying SBI's stake.

The company was originally incorporated in 1999. It's a non-banking financial company (NBFC) registered with RBI and operates through subsidiaries like Jio Finance, Jio Insurance Broking, and Jio Payment Solutions.
 

Reliance Infrastructure Receives Defence Contract Order

Reliance Infrastructure shares in focus after its subsidiary, Reliance Defence secured a Rs 6 bn export order.

The company received an export order from German defence firm Rheinmetall Waffe Munition GmbH.

Reliance Infrastructure called it a major order in high-tech ammunition, marking a key milestone in its strategy to become a trusted global defence supplier especially in Europe.

It aims to become one of the India's top defence exporters. This partnership with the German firm supports India's Atmanirbhar Bharat and Make in India initiatives boosting local defence manufacturing.

Reliance Defence plans to set up a facility for manufacturing explosives, ammunition and small arms under the Dhirubhai Ambani Defence City initiative in Maharashtra. This project will be a major hub for innovation production and defence exports.

Adani Gas Partners with Jiobp Fuel

Adani Total Gas shares in focus after the company partnered with Jio-bp to offer better fuel options.

Adani Total Gas and Jio-bp will offer each other's fuels at selected outlets. Adani outlets will sell Jio-bp's petrol and diesel, while Jio-bp outlets will offer Adani's CNG, improving fuel options for transport customers.

The Partnership covers both existing and future outlets. Adani Total Gas has 650 CNG stations, while Jio-bp has 2,000 fuel outlets.

CEO of Adani Tota Gas said that partnership will combine both the companies' infrastructure, improving customer experience and fuel options.

Adani Total Gas (AGL) supplies natural gas to homes, businesses, industries, and vehicles through its City Gas Distribution network.
 

JSW Energy Inks Power Agreement

JSW Energy's subsidiary, Energizent Power has signed s 25-year power purchase agreement with NHPC for 300 MW of solar wind hybrid energy.

The project spread across Rajasthan and Andhra Pradesh, will be completed within 24 months. The agreed tariff is Rs 3.49 per unit of electricity.

JSW Energy's total generation capacity is now 29.9 GW, with 12.5 GW operational and 12.8GW under construction. They also have 29.3 GWh of energy storage capacity.

The company aims to reach 30 GW of generation capacity and 40 GWh od storage capacity by 2030 and achieve carbon neutrality by 2050.

The deal boosts JSW Energy's renewable energy push, supporting its long-term goal for sustainable energy future.

SW Energy generates power from its plants in Karnataka, Maharashtra, and other locations. It's the main company for JSW group's power business and has ventures in mining and turbine manufacturing.

More By This Author: