Asian markets traded mixed on Wednesday after US President Donald Trump declined to extend the deadline on tariffs set to kick off on August 1.

US stock market ended mixed on Tuesday as investors waited for clarity on US trade policy.

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

Source: Equitymaster

At present, the BSE Sensex is trading 163 points lower, and the NSE Nifty is trading 38 points lower.

Asian Paints, HUL, Trent among the top gainers today.

HCL Tech, Tata Steel, and ICICI Bank, 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 0.4% higher.

Sectoral indices are trading mixed today, with stocks in the services sector and the telecommunication sector witnessing buying. Meanwhile, stocks in the realty sector and the metal sector witness selling pressure.

The rupee is trading at Rs 85.8 against the US dollar.
 

JSW Steel's Q1 Output Sees 14% Rise

On Tuesday, July 8, JSW Steel Ltd., led by Sajjan Jindal, announced that its consolidated crude steel production for the first quarter of FY26 increased 14% year over year to 7.26 million tonnes.

In comparison to the same quarter last year, the company's Indian operations contributed 7.02 million tonnes, a 15% increase. However, planned blast furnace maintenance shutdowns were the main cause of the 5% sequential decline in production.

Since then, all furnaces have been resumed and are operating at peak efficiency, according to JSW Steel. During the quarter, 87% of its capacity was used at its facilities in India.

The business stated that the brief decrease in production was expected and was part of its planned maintenance strategy.

CAMSPay Unveils High-Speed Payment Gateway

To meet the changing needs of India's rapidly evolving digital payments landscape, Computer Age Management Services (CAMS) has formally launched the new CAMSPay Payment Gateway, a next-generation platform.

The launch comes as companies are adjusting to new regulations, such as the capital market regulator's standards for data storage and tokenisation, as well as calls for quicker and more dependable transactions.

CEO of CAMSPay said that the new payment gateway is designed for growth, compliance and not just processing payments.

Its aim is to remove payment hurdles with a platform that's secure, stable and flexible.

The gateway is perfect for high-volume businesses because it is designed to handle more than 5,000 transactions per second (TPS). It offers dashboards and real-time analytics to help companies spot payment patterns and operational inefficiencies while maintaining smooth operation even during periods of high traffic. Operational fluidity is further improved by native integration with major banks.

CAMSPay was developed with Mylapay for security, and RBL Bank supports card processing. The gateway is certified by major card networks like Mastercard, Visa, and RuPay, ensuring high security standards.

Thousands of companies in industries like banking, finance, and education currently use CAMSPay to handle their digital transactions. It now intends to broaden its offerings to include brokerages, insurance, capital markets, and more.
 

Tata Steel's Q1 Sales Show Decline

On Tuesday, July 8, Tata Steel announced a consistent production of 5.26 million tons of crude steel in India for the first quarter of FY26, which was slightly lower than the 5.27 million tons produced during the same period the previous year.

Due to maintenance shutdowns at its facilities in Jamshedpur and Neelachal Ispat Nigam Limited (NINL), deliveries in India totalled 4.75 million tons, a 3.8% decrease from the previous year.

The G Blast Furnace reline at Jamshedpur is anticipated to be completed by July 2025, and operations at Neelachal Ispat Nigam have resumed.

The Automotive and Special Product division delivered 0.7 million tons, with a 4% rise in high-end product sales. It also got approval for ultra-high strengthen steel from its new facility.

Branded Products & Retail sold 1.46 million tons, with Tata Tiscon and Tata Steelium contributing significantly. Industrial Products & Projects delivered 1.6 million tons, driven by growth in Engineering and SmartF@B solutions.

India's first corrosion-resistant air-cooled bars for coastal applications were also introduced during this quarter. At Rs 13.5 billion (bn) the gross merchandise value from Tata Steel's e-commerce platforms, DigECA and Tata Steel Aashiyana, increased 39% annually.

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