Asian markets traded mostly higher on Monday as investors eyed key economic data in the region, with Japanese markets rallying after PM Shigeru Ishiba resigned.

US stock market ended lower on Friday as investors weighed economic worries against optimism over interest rate cuts by the Federal Reserve.

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

Source: Equitymaster

At present, the BSE Sensex is trading 267 points higher, and the NSE Nifty is trading 83 points higher.

Tata Steel, M&M, and Tata Motors are among the top gainers today.

Asian Paints, Sun Pharma, and Maruti Suzuki, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.5% higher, and the BSE Smallcap index is trading 0.5% higher.

Barring the consumer durable sector, all other sectoral indices are trading positively today, with stocks in the power sector and the metal sector witnessing buying.

The rupee is trading at Rs 88.1 against the US dollar.
 

Adani Power Partners Druk Green Bhutan

Key agreements to develop the 570 MW Wangchhu hydroelectric project in Bhutan were signed on Saturday by the state-owned Druk Green Power Corporation (DGPC) and Adani Power, India's private power producer.

The agreements, which were signed in front of Adani Group Chairman Gautam Adani and Bhutanese Prime Minister Dasho Tshering Tobgay, open the door for building using the Build, Own, Operate, Transfer (BOOT) model.

It is anticipated that the Rs 60 billion (bn) investment will improve infrastructure, increase employment, and advance energy cooperation between the two countries.

Construction is expected to start in early 2026, according to the completed detailed project report. Within five years of groundbreaking, the project is expected to be operational.

The project, which is a peaking run-of-river plant, is essential to supplying Bhutan's winter energy needs. India will receive the excess electricity produced during the summer.

Adani Power CEO said the project showcases Bhutan's commitment to sustainable development and will boost the country's renewable energy sector.
 

SpiceJet's Profit Declines in Q1 FY26

Shares of SpiceJet came in focus after the company reported its Q1 FY26 results.

The revenue from operations decreased 36% year over year to Rs 10.6 bn compared to Rs 16.5 bn in the same quarter of the previous fiscal year.

In Q1FY26, the company's EBITDA loss was Rs 0.2 bn, down from Rs 4 bn in Q1FY25.

During the reviewed quarter, the passenger revenue per available seat kilometre, or PAX RASK, was Rs 4.74. The PLF (passenger load factor) stayed at 86%.

After declining by Rs 23.9 bn in Q1FY25, the airline's net worth increased to Rs 4.5 bn. The business attributed its success to successful financial restructuring efforts.

The geopolitical situation with a neighbouring country and airspace restrictions in key markets had a significant impact on the Gurugram-based company's performance, resulting in a subdued demand for leisure travel, the company said in a statement.

According to the filing, the situation was made worse by the delay in getting grounded aircraft back into service, which was caused by problems with engine overhauls and worldwide supply chain disruptions.
 

BHEL Inks Hydrogen Fuel Deal

State-owned Bharat Heavy Electricals Limited (BHEL) announced that it and Horizon Fuel Cell Technologies Pte Ltd, Singapore, had signed a long-term exclusive memorandum of understanding (MoU).

The MoU addresses business-sharing between the two parties in the domestic market for hydrogen fuel cell-based rolling stock. The exclusivity period under the agreement is ten years.

With this collaboration, BHEL aims to develop and break into a new market segment for transportation-related hydrogen fuel cell technology.

Last week, BHEL has received a significant order worth approximately Rs 26 bn from MB Power (Madhya Pradesh) Limited to supply crucial equipment for the 1x800 MW Anuppur thermal power project in Madhya Pradesh.

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