Asian markets traded mixed on Thursday, following overnight gains on Wall Street, and as investors await details on the US-Vietnam trade agreement.

US stock market ended mostly higher on Wednesday, with the S&P 500 and Nasdaq closing at record highs, boosted by gains in technology stocks and the US-Vietnam trade deal.

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

Source: Equitymaster

At present, the BSE Sensex is trading 163 points higher, and the NSE Nifty is trading 44 points higher.

Asian Paints, Tata Steel, Infosys among the top gainers today.

Kotak Mahindra, Bajaj Finance, and  Trent, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.2% higher, and the BSE Smallcap index is trading 0.1% higher.

Sectoral indices are trading mixed today, with stocks in the metal sector and the auto sector witnessing buying. Meanwhile, stocks in the power sector and the service sector witness selling pressure.

The rupee is trading at Rs 85.6 against the US dollar.
 

DMart's Q1 Revenue Rises 16%

For the quarter ending June 30, 2025, Avenue Supermarts Ltd., the company that runs the D-Mart retail chain, on Wednesday reported standalone revenue of Rs 159.3 bn, up 16.2% from Rs 137.1 bn during the same period the previous year.

As of 30 June 2025, DMart had 424 locations; in Q1 of FY26, it opened six more, including its first location in Agra.

Following a muted performance in Q4FY25, when the company reported a 2% year-over-year decline in consolidated net profit to Rs 5.5 bn, despite a 17% increase in total revenue to Rs 148.7 bn, the Q1 update follows.

The EBITDA margin decreased to 6.4% from 7.4% in the same period last year, despite a 1.2% increase in EBITDA to Rs 9.5 bn.

Avenue Markets expand using a cluster-based model, opening new stores near existing one and distribution centre to boost efficiency, cut costs, and strengthen market presence.
 

Hindustan Zinc Post Record Q1 Output

Hindustan Zinc Limited, a company in the Vedanta group, released its production numbers for the quarter on Wednesday that concluded on 30 June 2025.

The company's highest mined metal output in Q1 was 265 kilo tonnes, a 1% year-over-year (YoY) increase. However, due to regular mine preparation activities carried out during the first quarter, the figure dropped 15% sequentially.

The company's refined metal production dropped 5% yearly and 7% quarterly to 250 kilo tonnes, due to lower availability and maintenance. However, its subsidiary Zinc Alloys achieved its highest production of 5.1 kilo tonnes.

Due mainly to lower silver input from the SK mine and a higher work-in-progress liquidation base in the previous quarter, silver production dropped to 149 tonnes, down 11% year over year and 16% sequentially. Seasonal wind velocity patterns drove a 24% YoY and 113% QoQ increase in wind power generation to 134 million units.

Hindustan Zinc plans to double its zinc, lead and silver production capacity. The Rs 120 billion (bn) project to be completed in 36 months, will increase refined metal capacity by 250 ktpa and boost mines and capacity accordingly.

Indian Overseas Bank Raises Huge Funds

Indian Overseas Bank has approved a plan to raise up to Rs 40 bn in funds through equity shares, QIPs, right issues and employee shares schemes.

The Bank's shareholders approved the fundraise plan with huge majority during the bank's 25 AGM held on 2 July 2025.

According to the bank, the capital raise will be carried out in one or more tranches during the fiscal year 2025-2026. Qualified institutional placements (QIP), follow-on public offers (FPO), rights issues, preferential allocations to institutional investors like mutual funds and LIC, or employee share benefit plans governed by the capital market regulator can all be used to structure the issue.

Under the IOB-ESPS 2025-2026, the bank also got shareholder approval to issue equity shares to permanent employees up to Rs 40 bn as part of this capital raising program.

It is expected that the bank will use the additional funds to expand its digital banking capabilities and support growth in its retail, SME, and corporate lending segments.

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