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Asian markets edged lower on Thursday after mixed signals from US President Donald Trump on China tariffs.

US markets rose on Wednesday on renewed optimism about US-China trade talks after Trump Eased concerns about the Federal Reserve's Independence.

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

Source: Equitymaster

At present, the BSE Sensex is trading 204 points lower, and the NSE Nifty is trading 60 points higher.

IndusInd Bank, Nestle, and Tech Mahindra are among the top gainers today.

Bharti Airtel, HDFC Bank, and TCS, 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 media sector, and reality sector witnessing selling pressure, meanwhile stocks in healthcare sector and metal sector witness buying pressure.

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

Tata Consumers Q4 profit soars

Tata Consumers Products, a leading FMCG company, reported a significant 52.9% increase in its net profit of Rs 3.45 billion (bn) in the fourth quarter of FY25, showing significant growth and improvement in the company's financial performance

The company saw a 17.3% rise in its net sale to Rs 46.1 bn, with a 5.9% volume growth in its India branded business.

Tata company's India branded business, the beverage segment saw 17% revenue growth and continued strong sales in tea-coffee and ready to drink products maintaining its e-commerce leadership.

The India foods business revenue took a jump over 27% and salt revenue rose 13%, with its value-added portfolio rallied 31% during the quarter.

Tata Consumer's international business grew 5% while its subsidiary capital foods and Organic India continued to build the momentum, saw a strong 19% revenue growth, expanding into new channels like food services and pharma.
 

Bajaj Housing Finance Posts Strong Q4

Bajaj Housing Finance Reported a strong Q4 results with a 54% jump in net profit to Rs 58.7 bn and rise of 31% in net interest income to Rs 82.3 bn.

The company's total revenue from operations surged 26% to Rs 25.1 bn in Q4.

Bajaj Housing Finance's net total income surged 34% to 9.6 bn in Q4FY25. The company's operating expenses were 21.7% of income, down from 27% previous year.

The company's loan losses and provision to Rs 3 bn in Q4, down from Rs 3.5 bn last year Q4FY24.

In FY25, the company saw a significant growth in net interest income rising 20% to Rs 30.1. Net income jumped 23% to Rs 35.9 bn. However, loan loss increased to Rs 0.8 bn.

The company boasts a strong capital adequacy ratio of 28.2%. The stock price rose 0.6% to Rs 131.9.
 

BPCL, GPS Renewables in CBG Venture

BPCL and GPS Renewables have partnered to set up Compressed Biogas (CBG) plants across India, following an initial announcement made on 13September 2024.

The joint venture agreement was signed by BPCL's Sameet Pai Head of Corporate Strategy and Mainak Chakraborty, CEO and Co-Founder of GPS Renewables, in the presence of BPCL Directors Sanjay Khanna and Raj Kumar Dubey.

The joint venture will set up 8 to 10 Compressed Biogas plants in 5 states Bihar, Odisha, Punjab, Uttar Pradesh, and West Bengal, chosen for their abundant agricultural waste and BPCL's existing gas distribution network.

The joint venture will turn organic waste into Compressed Biogas using waste-to-energy tech, supporting stubble management, cutting emissions, and generating rural income by buying Agri-waste, aligning with India's Gobardhan and Satat initiatives.

India's growing demand for clean energy is driving the adoption of Compressed Biogas as a renewable alternative to Traditional fuels.

BPCL's partnership with GPS Renewables supports its net-zero goal and taps into the country's bioenergy potential, with GPS bringing expertise from over 100 biogas projects.
 

Adani Green Expands Power Deal

Adani Green subsidiary signs a power purchase deal with Uttar Pradesh Power Corp for 1250 MW energy storage.

The energy will be supplied from a pumped hydro storage project. Recently another subsidiary won a bid to supply 400 MW of solar power to the state for 25 years.

Adani Group is building two solar parks in Rajasthan a 500 MW park in Bhadla and a 1500 MW park in Fatehgarh, spread over 9981 acres.

Adani Green Energy's shares rose 1% to Rs 952.7. The company's energy generation grew 45% annually over the past 5 years.

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