Asian markets traded lower on Monday after fresh US-China trade war spooked investor sentiment. Japanese markets are closed for the holidays. South Korea's Kospi declined 1.35%, and the small-cap Kosdaq dropped 2.24%.

US stock market slumped on Friday after President Donald Trump escalated his trade conflict with China after Beijing tightened its rare earth restrictions.

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

Source: Equitymaster

At present, the BSE Sensex is trading 390 points lower, and the NSE Nifty is trading 125 points lower.

Asian Paints, Apollo Hospital, and Maruti Suzuki are among the top gainers today.

ONGC, Tata Motors, and NTPC, on the other hand, are among the top losers today.

The BSE Midcap index and the BSE Smallcap index are trading 0.6% higher.

Sectoral Indices are trading negatively today, with stocks in the realty sector, capital goods sector, and energy sector witnessing selling pressure.

The rupee is trading at Rs 88.73 against the US dollar.
 

Waaree Renewable Q2 Results

Waaree Renewable Technologies reported a strong performance in the September quarter, with its consolidated net profit more than doubling to Rs 1.2 billion, supported by higher revenues.

In comparison, the company had posted a net profit of Rs 535.1 million in the same quarter last year, according to a BSE filing.

The company achieved its highest-ever quarterly revenue and profit, driven by strong execution, favourable industry conditions, and diversification into emerging energy segments such as Battery Energy Storage Systems (BESS) and data centres.

Revenue for the quarter rose 47.7% year-on-year to Rs 7.7 billion, up from Rs 5.2 billion.

Waaree Renewable's unexecuted order book stands at 3.48 GWp, scheduled for execution over the next 12-15 months, while its bidding pipeline remains robust at over 27 GWp.

The board has approved a capex plan for two 14 MWp IPP solar power plants in Maharashtra and a 37.5 MWp IPP solar power project in Bikaner, Rajasthan.

As a subsidiary of Waaree Energies Ltd, Waaree Renewable Technologies focuses on financing, constructing, owning, and operating solar projects across geographies, catering primarily to commercial and industrial customers and advancing India's shift toward sustainable energy.
 

HCC Bags Infra Project

Hindustan Construction Company (HCC) has won a contract valued at around Rs 2 bn from Hindalco Industries Ltd for the fabrication, supply, and erection of pot shell and superstructure components under the Aditya Aluminium Smelter Expansion Project in Odisha.

The project will enhance Hindalco's aluminium smelting capacity by 200,000 tonnes per annum.

HCC's proven expertise in large-scale industrial fabrication and precision engineering will play a key role in delivering the project to international standards.

Over the years, the company has successfully executed process plants, factories, and complex industrial structures, often setting up on-site fabrication facilities to meet project-specific requirements.

This development follows HCC's recent signing of a strategic Memorandum of Understanding (MoU) with Konkan Railway Corporation Ltd (KRCL) on 30 September 2025.

The partnership aims to jointly pursue and execute major railway and multi-modal transport infrastructure projects in India and overseas.

The collaboration will focus on challenging assignments such as underground and elevated metro systems, NATM tunneling, railway bridges, and large-scale EPC contracts, combining HCC's construction strengths with KRCL's expertise in rail systems and operations.
 

Avenue Supermarts Q2 Results

Avenue Supermarts Ltd, which operates the DMart retail chain, reported a consolidated net profit of Rs 6.9 billion for the September 2025 quarter, marking a 3.85% increase from Rs 6.6 billion in the same period last year, as per a regulatory filing.

Revenue from operations grew 15.45% year-on-year to Rs 166.8 billion, compared to Rs 144.4 billion in the July-September quarter of the previous fiscal.

Total expenses rose 16% to Rs 157.5 billion, while total income, including other income, reached Rs 166.9 billion, up 15.3% year-on-year.

During the quarter, the company added eight new stores, bringing its total store count to 432 as of 30 September 2025.

Avenue Supermarts continues to expand its footprint through DMart, which offers a comprehensive range of home and personal products catering to everyday consumer needs.

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