Asian markets are trading mixed on Wednesday, following Wall Street performance with US stocks showing varied trend. Traders are cautious ahead of crucial economic indicators from China and Australia and central bank decisions.

US stocks rose on Tuesday, after major trade deal being close to finalization. Investor worries continue as fear grow that US President Trump Tariff didn't change it could push the economy down towards a decline by slowing global trade and raising price of products

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

Source: Equitymaster

At present, the BSE Sensex is trading 103 points higher, and the NSE Nifty is trading 21 points higher.

Sun Pharma, HDFC Bank, and M&M are among the top gainers today.

Bajaj Finserv, Bajaj Finance, and Tata Motors, 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 0.4% lower.

Sectoral indices are trading mixed today with stocks in financial service sector and auto sector witnessing selling pressure. Meanwhile stocks in realty and oil & gas sector witnessingbuying.

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

Trent Q4 Profit Declines, Revenue Grows

Trent's Q4 net profit dropped to Rs 3.5 billion (bn), beating estimates. Last yar the company's profit was Rs 6.5 bn.

Also last year the net profit had benefited one time gain of Rs 5.4 bn.

The company's quarterly profit increased by 40% to Rs 4.2 bn. Operating profit improved to 9.3% from 8.3% last year.

Trent's Ltd revenue grew 29% from 42 bn compared to previous year. However, it dropped 8% from the previous quarter.

Trent's subsidiary like Westside, Zudio and Star Retail Store's share price have surged 5.7% to Rs 5,510.

Trent's growth slowed down in Q4, matching a trend seen in global apparel brands like Uniqlo, H&M, which are experiencing drop in sale growth after pandemic.

The company's fashion sales grew up in Q4 but had a strong growth performance throughout the year. It also plans to expand in larger cities to increase its market reach.

SBI Plans Equity Capital Soon

State Bank of India, Country's largest bank plans to raise fund through equity to fuel business expansion in the current financial year to support the growth.

The SBI Board will discuss and approve a proposal to raise equity capital in FY26 a meeting held on 3 May 2025.

It also added that SBI may raise funds through FPO, right issue or QIP, subject to government and RBI approval at suitable moment.

SBI plan to raise capital was necessary as its current capital levels are weaker than other similar banks.

Past fee years, SBI relied on its profit for growth capital. Its last market fundraising was in 2017, when it raised Rs 1500 bn.

SBI capital levels are expected to stay moderate and are lower compared to large private banks in India.
 

Ceat's Q4 profits dip slightly down

Ceat tyre maker reported net profit decline of 3% to Rs 0.9 bn in Q4 FY24-25, down from Rs 1.02 bn in the previous quarter.

The company's Q4 revenue increased to Rs 34.2 bn from Rs 29.9 bn in the previous quarter. However, its annual net profit fell 26% to Rs 4.7 bn from Rs 6.4 bn in the previous quarter.

Also, the revenue rose to Rs 132.8 bn from 119.4 bn in FY24.

Ceat's operating margins improved in Q4 due to favourable product mix and effective cost controls, resulting in over 120 bps said CEO of the company.

The company invested Rs 9.5 bn for capacity addition to support growth plans in FY26.

During the quarter, Ceat spend Rs 0.4 bn on voluntary employee separation at high-cost factory to stay competitive.

The company also declared a dividend of Rs 30 per share for FY24-25.

Ceat is a leading manufacturer in India of tyre founded in 1958, known for its rapid growth.

Ceat will invest Rs 4 bn to increase its Nagpur plant production capacity by 30% and is expected to be completed by FY 27-28.

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