Asian markets traded lower on Friday, following a mixed trend on Wall Street overnight, amid recent trade developments.

US stock market ended mixed on Thursday, with the S&P 500 and the Nasdaq notching record high closes, after Google parent Alphabet Q2 results fuelled optimism about other heavyweight artificial intelligence stocks.

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

Source: Equitymaster

At present, the BSE Sensex is trading 392 points lower, and the NSE Nifty is trading 125 points lower.

ICICI Bank, Axis Bank, and SBI are among the top gainers today.

Bajaj Finserv, Bajaj Finance, and Infosys, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.2% lower, and the BSE Smallcap index is trading 0.4% lower.

Sectoral indices are trading mixed today with stocks in realty sector and healthcare sector were witnessed buying. Meanwhile stocks in metal sector and power sector witnessing selling pressure.

The rupee is trading at Rs 86.2 against the US dollar.
 

Wipro Wins Smart Meter Contract Abroad

Wipro Ltd., an IT services company based in Bengaluru, declared that it had secured a multi-year strategic contract with National Grid SA, a Saudi electric company, to update the client's meter data platform.

For the transmission network, Wipro will put in place a smart meter data management (MDM) system.

According to a stock exchange filing, the IT services company will design, develop, implement, and support the smart applications and infrastructure for the new MDM system, which will improve grid stability.

Proactive maintenance, quicker fault identification, and improved visibility of energy usage patterns will all be supported by the intelligent integrations. As a result, end users will have the best possible experiences as National Grid SA optimises power dispatch, lowers operating costs, and minimises outages.
 

GR Infraprojects Wins Jharkhand Road Deal

On Thursday, infrastructure firm GR Infraprojects Limited announced that it had won the engineering, procurement, and construction (EPC) contract for building the Giridih Bypass Road in Jharkhand, making it the lowest (L-1) bidder.

The company won the status of L-1 bidder for the project submitted by the State Highways Authority of Jharkhand after the financial bids were opened on 24 July 2025.

The project, which is worth Rs 2.9 billion (bn) entails building a bypass that is 26.672 km long. The project must be completed within 24 months of the designated date and will be carried out on an EPC basis.
 

Adani to Make Copper Tube with MetTube

Adani Enterprises, led by Gautam Adani, has partnered with MetTube Mauritius to form a 50:50 joint venture for producing copper tubes.

Adani Enterprises will give MetTube a 50% share in Kutch Copper Tubes Limited (KCTL), its wholly owned subsidiary, as part of the deal. Following the transaction, Adani Enterprises and MetTube will each own 50% of KCTL, which will no longer be a subsidiary of Adani Enterprises.

Adani Enterprises will buy 50% of MetTube's Indian subsidiary, MetTube Copper India, which runs a copper tube plant near Ahmedabad. After the deal, both Adani and MetTube will own equal shares in the company.

By utilising Adani's infrastructure capabilities and MetTube's worldwide copper manufacturing experience, the partnership seeks to significantly reduce India's dependency on imported copper tubes.

While Adani Enterprises has state-of-the-art manufacturing infrastructure in Mundra, Gujarat, including a new copper tube facility, MetTube contributes expertise in producing high-quality copper tubes. They're combining their strengths for this venture.

The partnership makes use of MetTube's worldwide manufacturing and marketing experience as well as Adani's forward-integrated copper ecosystem, which is anchored by its 0.5 MTPA copper refinery project in Mundra.

In addition to facilitating scale and speed in copper tube production, this collaboration will help India achieve its green infrastructure objectives by delivering high-performance copper tubes for smart construction, HVAC, and renewable energy applications.

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