Asian markets traded higher on Monday, tracking last week's gains on Wall Street.

US stock market indices registered record closing highs for a second straight day on Friday, with trading volume hitting its highest level since April.

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

Data Source: Equitymaster

At present, the BSE Sensex is trading 206 points lower, and the NSE Nifty is trading 50 points lower.

Adani Port, Power Grid Corp, and Tata Motors are among the top gainers today.

Infosys, TCS, and Tech Mahindra, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.1% lower, and the BSE Smallcap index is trading 0.03% lower.

Sectoral indices are trading mixed today, with stocks in the power sector and the metal sector witnessing buying. Meanwhile, stocks in the media sector and the IT sector witnessed selling pressure.

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

PNC Infratech Wins Bihar Bridge Contract

PNC Infratech Ltd announced that the Bihar State Road Development Corporation (BSRDC) had sent it a letter of acceptance (LoA) for Rs 4.8 billion (bn).

The project involves constructing a 21.3-kilometer approach road and high-level bridge on the Hathouri-Atrar-Bavangama-Aurai Road.

The contract, which was awarded under EPC mode, has a completion date of 1,095 days, or three years.

The LoA comes after PNC first revealed the project as part of its bid pipeline on 5 September 2025.

In addition, the Competition Commission of India (CCI) has approved PNC Infratech's plan to buy the debt-laden Jaiprakash Associates Ltd (JAL). The plan calls for PNC to directly or through a special purpose vehicle purchase at least 95% and possibly 100% of JAL.

JAL operates in the cement and power industries and is presently facing insolvency proceedings. With the acquisition, PNC is expanding its business beyond roads and highways and into related industries that may enhance its EPC expertise.
 

Netweb Tech Wins Major AI Contract

Netweb Technologies has announced that it has received a purchase order for Tyrone AI GPU-accelerated systems, valued at approximately Rs 4.5 bn.

According to the company, one of the biggest international suppliers of integrated supply chain solutions and technology distribution with its headquarters in India placed the order.

The latest Tyrone GPU-powered systems will be used to deploy AI infrastructure facilities as part of the order. The project will be carried out until the end of FY26, per the company's disclosure.

As demand for cutting-edge GPU-based platforms has increased across industries, Netweb said the order further solidifies its position in the quickly growing AI and high-performance computing (HPC) space.

This agreement comes after a larger order for servers based on Nvidia's Blackwell architecture, valued at Rs 17.3 bn, was announced earlier this month.

In accordance with the previous agreement, Netweb Technologies is expected to implement cutting-edge GPU-accelerated infrastructure by the first half of FY27 to support AI and HPC workloads.
 

Power Grid Wins Major Transmission Deal

Power Grid Corporation of India Ltd (PGCIL) has been declared the successful bidder under the Tariff-Based Competitive Bidding mechanism for a project to enhance transformation capacity and implement line bays at Mandsaur Substation for renewable energy interconnection.

The project will be carried out using the Build, Own, Operate, and Transfer (BOOT) model, which guarantees that PGCIL will manage it from start to finish, from construction to operation to eventual return to the government or another designated authority.

India's ambitious clean energy targets, which include installing 500 GW of non-fossil fuel-based capacity by 2030, are in line with this project.

Large-scale renewable energy integration into the national grid depends on effective transmission systems like this one, as India's energy sector becomes more focused on decarbonisation. The role of the power grid will remain crucial in this change.

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