Asian markets traded mostly lower on Thursday, following overnight losses on Wall Street amid tech stocks' sell-off.

US stock market ended lower on Wednesday, weighed down by selling in technology stocks, on worries over pricey valuations and the AI boom.

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

Source: Equitymaster

At present, the BSE Sensex is trading 451 points lower, and the NSE Nifty is trading 146 points lower.

HUL, Infosys, and SBI are among the top gainers today.

Bharat Elec, Tata Steel, Asian Paints on the other hand are among the top losers today.

The BSE Midcap index is trading 2.6% higher and the BSE Smallcap index is trading 3.6% higher.

Baring oil & gas sector and FMCG sector all other sectoral indices are trading negative today with stocks in power sector and realty sector witnessed selling pressure.

The rupee is trading at Rs 90 against the US dollar.
 

Marico Expands Premium Wellness Portfolio

Marico, a Mumbai-based FMCG company, has announced that it will acquire a majority stake in Cosmix Wellness Pvt. Ltd, a health and wellness company. The announcement was made on 4 February 2026 through an exchange filing.

Under the deal, Marico will acquire a 60% stake in Cosmix Wellness for approximately Rs 2.26 billion (bn). The transaction values Cosmix Wellness at an equity valuation of around Rs 3.75 bn.

The acquisition is aligned with Marico's strategy to expand its presence in the premium food and nutrition segment. Cosmix Wellness is a digital-first brand focused on functional health and wellness products, which supports Marico's long-term growth plans in this space.

Marico stated that the acquisition is expected to be completed within 30 days, subject to customary regulatory approvals and finalization of definitive agreements.
 

Apollo Tyres Expands Andhra Pradesh Capacity

Apollo Tyres has announced plans to invest Rs 58.10 bn to expand manufacturing capacity at its plant in Andhra Pradesh, aiming to meet rising market demand.

The proposed investment will be financed through a combination of internal accruals and debt. Under the expansion plan, the company will increase passenger car radial (PCR) tyre capacity by 52%, or about 3.7 million units, and truck and bus radial (TBR) capacity by 82%, or approximately 1.3 million units, by 2029.

At present, Apollo Tyres has an annual production capacity of 7.1 million PCR tyres and 1.6 million TBR tyres. The company is currently operating at 82% utilization in the PCR segment and 89% utilization in the TBR segment, indicating strong demand.
 

Trent Q3 FY26 Results

Revenue from operations increased 16% to Rs 52.6 bn, compared with Rs 45.4 bn in the year-ago period. The growth was supported by higher sales from network expansion and improved consumer spending.

The company said consumer demand improved during the quarter following a reduction in GST rates, which helped raise disposable income. Customer sentiment is gradually improving, and the medium-term business outlook remains positive. Trent added that it remains focused on building a large direct-to-consumer business across its segments.

Trent Ltd, the retail arm of the Tata Group, reported a 36% rise in standalone net profit to Rs 6.4 bn for the quarter ended December 31. The company had posted a net profit of Rs 4.7 bn in the same quarter last year.

The December quarter profit was impacted by a one-time expense of Rs 0.26 bn, related to the implementation of new labour laws in India.

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