Asian markets traded mixed on Tuesday following record gains overnight on Wall Street.

US stock market ended higher on Monday, with the S&P 500 and Nasdaq reaching record closing highs, registering their best quarter in over a year on hopes for trade deals and possible interest rate cuts.

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

Source: Equitymaster

At present, the BSE Sensex is trading 197 points higher, and the NSE Nifty is trading 60 points higher.

Asian Paints, Bharat Elec, Reliance Industries among the top gainers today.

Trent, Axis Bank, and Tata Steel, 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 0.1% higher.

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

The rupee is trading at Rs 85.7 against the US dollar.
 

BEL Lands Major Defence Equipment Orders

On Monday, 30 June 2025, Navratna Defence PSU Bharat Electronics Limited (BEL) declared that since its last disclosure on 20 June 2025, it has received new orders worth Rs 5.3 billion (bn).

Radars, communication systems, electronic voting machines (EVMs), jammers, shelters, control centres, spare parts, and related services are among the defence and strategic equipment covered by the recently awarded contracts.

In Q4, the company's revenue increased 6.8% to Rs 91.5 bn, while its net profit increased 18.4% to Rs 21.3 bn. Their EBITDA rose by 23.2% to Rs 28.2 bn, with an EBITDA margin of 30.8%.

BEL's revenue boosted 16.17% from FY24's Rs 198.2 bn to Rs 230.2 bn in FY25.

Bharat Electronics Ltd. was founded in 1954 and produces and provides electronic systems and equipment to the defence industry.
 

Hindustan Copper Joins Hands With IOCL

A Memorandum of Understanding (MoU) has been signed by Indian Oil Corporation Ltd. and state-run Hindustan Copper Ltd. to collaborate on copper, critical minerals block auctions, and associated projects.

According to the exchange filing, the MoU also aims to share risks and investments for the development, mining, and processing of Hindustan Copper's current assets.

Hindustan Copper stated earlier this month that it would increase its mine capacity from the current 4 million tons per annum (MTPA) to 12.2 MTPA by the fiscal year 2031 by investing about Rs 20 bn over the next five to six years.

According to the company's growth roadmap, it plans to participate in mineral auctions in order to purchase promising copper domestically and abroad.

Hindustan Copper and RITES Ltd. inked a deal on 6 June 2025 to collaborate on building a robust metals and minerals supply chain.

They will share risks and make project-wise financial decisions while working together on auctions, copper and critical mineral exploration, mining, and transportation.

HCLTech, OpenAi Join Forces On AI

IT giant HCL Technologies Ltd. (HCLTech) announced on Monday a multi-year strategic partnership with OpenAI, a US-based artificial intelligence research and deployment company, to promote the widespread adoption of generative artificial intelligence (GenAI) in multinational corporations.

According to the company's regulatory filing to Indian stock exchanges, the partnership intends to assist enterprise clients in scaling GenAI solutions for business transformation.

Through the partnership, HCLTech will incorporate OpenAI's models-such as ChatGPT Enterprise and OpenAI APIs-into its internal operations and client-facing platforms, including its proprietary products, AI Force, AI Foundry, AI Engineering, and other sector-specific AI accelerators.

Together, the two companies will provide solutions for every stage of the AI lifecycle, including governance, change management, enterprise-scale deployment, model integration, and AI readiness assessments. According to the company, HCLTech will also provide enterprise-grade generative AI tools to its more than 223,000 workers in 60 countries.

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