Asian markets showed mixed performances on Wednesday as hopes rose for easing US-China trade tension ahead of formal trade talks this week.

US stocks fell for the second day in a row on Tuesday after the comments from US president Trump and Treasury Secretary Scott Bessent failed to provide clarity on trade deal timelines, leaving investors uncertain.

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

Source: Equitymaster

At present, the BSE Sensex is trading 155 points lower, and the NSE Nifty is trading 53 points lower.

Tata Motors, Power Grid Corp, Bajaj Finance among the top gainers today

HCL Tech, Asian Paints, and Titan Company, on the other hand, were among the top losers today.

The BSE MidCap index ended 0.5% lower, and the BSE SmallCap index ended 0.8% lower.

Sectoral indices were trading on a mixed note today, with stocks in the healthcare sector and the IT sector witnessing selling pressure. Meanwhile, stocks in the banking sector and the finance sector witness buying.
 

NLC India Renewables Signs Solar Power Deal

NLC India Renewables, a subsidiary of NCL India has signed a deal with Rajasthan Rajya Vidyut Utpadan Nigam for its upcoming 810 MW solar project.

NCL India's solar project in Bikaner's Pugal Solar Park is a major step towards renewable energy. The project has been located in barren land with plenty of sunlight, was awarded through competitive bidding and is part of government's Ultra Mega Renewable Energy Power Park Scheme.

NCL India was the first government company to set up 1 GW of renewable energy projects and continue to expand in this field, with the 810 MW Pugal solar project being a key example.

The solar project will generate 2 billion units of clean electricity yearly and reduce C02 emissions by 1.5 million metric tonnes annually, playing a major role in India's shift to a greener economy.

The solar project will be set up within the larger 2000 MW Pugal Solar Park Infrastructure.

HPCL's Q4 Earnings Shows Big Jump

Hindustan Petroleum Corporation Limited (HPCL) reported a 18% increase in its net profit of Q4 results reaching to Rs 33.5 billion (bn) compared to Rs 28.4 bn in the previous quarter.

Total income for the quarter was Rs 1191.3 bn down from 2.7% last year.

HPCL has a pending amount of Rs 108.9 bn due to price differences for LPG cylinders. The government has asked oil companies to keep this amount in a separate account for the future adjustment, but HPCL has not recognised it as revenue without government approval.

HPCL's crude processing rose to 6.7 million metric tonnes (MMT) from 5.8 MMT last year. Domestic sales increased to 12.1 MMT from 11.8 MMT while sales grew to 0.6 MMT from 0.5 MMT.

The company has declared a dividend of Rs 10.5 per share for FY25. Shareholders eligible for the dividend will be determined based on records as of 14 August 2025.

HPCL's amin business includes refining oil, selling petroleum products and managing oil exploration projects.
 

Paytm Q4 Results Show Big Improvement

Paytm's parent company reported a net loss of Rs 5.4 for the March quarter 2025. Most of the loss was due to one-time cost of Rs 5.2 bn.

Excluding one time cost, Paytm net loss was Rs 0.2 bn. The company also achieved positive EBIDTA of RS 0.8 in Q4.

Revenue dropped 16% yearly to Rs 19.1 bn but rose 5% from the previous quarter.

Paytm's Q4 revenue was Rs 19.1 bn boosted by financial services and a Rs 0.7 bn UPI incentive. Without the incentive revenue increase 1 % from the previous quarter.

Paytm's FY25 revenue dropped 28% to Rs 76.3 bn but its net loss narrowed to Rs 6.6 bn from 14.2 bn in FY24. The decline was largely due to RBI restrictions on its payments bank.

RBI's restriction on Paytm Payment Bank has impacted its operations, new deposits, money transfer and more, particularly its UPI services as the payments bank was the underlying baking partner.

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