Asian markets are mostly performing mixed on Friday following the reaction to Japan's GDP data and awaiting other regional economic updates.

US markets rose for a fourth consecutive day on Thursday due to reduced tension between the US and China, as both countries agreed to temporarily lower tariff rates. Additionally, a decline in Treasury yields boosted equities.

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

Source: Equitymaster

At present, the BSE Sensex is trading 279 points lower, and the NSE Nifty is trading 39 points lower.

Adani Port, UltraTech Cement, and Bajaj Finance are among the top gainers today

Bharti Airtel, IndusInd Bank, and SBI, on the other hand, are among the top losers today.

The BSE MidCap index ended 0.4% higher, and the BSE SmallCap index ended 0.8% higher.

Sectoral indices were trading mixed today with stocks in telecommunication sector and realty sector witnessing selling pressure. Meanwhile, stocks in industrial sector and power sector witness buying.
 

Singtel To Sell Bharti Airtel's Stake

A 0.8% stake in Bharti Airtel will be sold by a Singtel subsidiary in Singapore for Rs 8.6 billion (bn) through a block deal.

Pastel Ltd., a Singtel subsidiary, will sell 47.6 million Bharti Airtel shares at an offer price of Rs 1,800 per share.

Singtel indirectly owns a portion of Bharti Airtel through its stake in Bharti telecom, Airtel's parent company.

In Q4FY25, Bharti Airtel reported revenue of Rs 478.7 bn, up 27.3% year-over-year (y-o-y). In Q4FY24, the telecom company's EBITDA was Rs 274 bn, up 39.9% year over year.

Airtel's mobile services revenue in India grew 20.6% due to more customers, price hikes and premium services. However, its business revenue declined 2.7%.

The company spent Rs 144 bn on capital expenditures during the Q4. While Q4FY25 capex was higher, the company's capex decreased year over year in FY25, and it anticipates further capex reductions in FY26, particularly in the India Mobile segment.

The company wants to invest in high-growth sectors like home broadband, enterprise, and digital, even though overall capital expenditures are expected to decrease.

Patanjali Foods Q4 Profit Jumps 74%

Patanjali Foods, a leading Indian packaged edible oil manufacturer, saw a significant 73.8% surge in its quarterly profit. This growth was primarily driven by recent price increase of its products.

Sunrich's profit jumped to Rs 3.6 bn in Q4, up from Rs 2.1 bn the previous year.

Despite slowdown in consumer good sales due to inflation, branded edible oils in India have remained steady sue to price hikes by manufacturer to offset rising raw material cost.

Patanjali's edible oil business which accounts for 75% of its total business, saw a 20.9% revenue increase due to higher prices.

Its overall revenue grew 17.8% to Rs 96.2 bn, despite a slowdown affecting some of its consumer goods business.

The company expects strong demand in the second half for the FY26.
 

GR Infrastructure Q4 Profit Declines

GR Infrastructure reported an 8.5% decline in revenue from operations to Rs 2.3 bn from 2.4 in the same period last year. The company's net profit in the previous year corresponding quarter was Rs 0.5 bn.

In Q4, the company's order boos stood Rs 19.2 bn. GR Infrastructure also won a project worth Rs 51.7 bn, which could increase its order book would rise to Rs 24.4 bn.

GR Infrastructure completed the transfer of 7 operational Hybrid Annuity Model (HAM) assets to Indus Infra Trust and completed two other projects, achieving commercial operations is November 2023 and January 2025.

Two of the transferred assets GR Galgalia Bahadurganj Private Limited and GR Aligarh Kanpur Highway Private Limited were handed over to Indus Infra Trust on March 2025 and September 2024.

GR Infrastructure is a leading road construction company in India. It specializes in designing and building highways and road across 15 states, working on EPC (Engineering, Procurement, Construction) and BOT (Build, Operate, Transfer) projects.

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