Asian stocks opened lower on Thursday, mirroring the selloff on Wall Street as global markets shifted back into a risk-off mood driven by renewed weakness in technology shares.

US stocks extended their decline for a fourth straight session on Wednesday as a steep selloff in AI-linked stocks outweighed optimism around additional interest-rate cuts from the US Federal Reserve.

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

Source: Equitymaster

At present, the BSE Sensex is trading 228 points lower, and the NSE Nifty is trading 65 points lower.

Infosys, Tech Mahindra, and HCL Tech are among the top gainers today.

M&M, NTPC, Sun Pharma, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.4% lower, and the BSE Smallcap index is trading 0.6% lower.

Barring the IT sector, all other sectoral indices are trading negatively today, with stocks in the auto and power sectors witnessing selling pressure.

The rupee is trading at Rs 90.00 against the US dollar.
 

L&T Subsidiary Bags Multiple Major Orders

Shares of Larsen & Toubro (L&T) came into focus after the company's subsidiary won several large new orders worth between Rs 25 billion (bn) and Rs 50 bn.

L&T's Buildings & Factories (B&F) business has received an order from the Madhya Pradesh State Tourism Development Corporation to build Advait Lok, a major museum and parking complex at Omkareshwar in Khandwa district. The project includes building a global museum with detailed stone carvings and modern architectural elements.

L&T will also handle civil construction, interiors, electrical and plumbing work, external development such as parking, and maintain the project for five years. The project is expected to be completed in 36 months.

In another order, the B&F business has been awarded a contract by the Assam government to redevelop the R G Baruah Sports Complex in Guwahati. This includes building a FIFA-standard football stadium with seating for 25,000 people, along with other sports facilities. This project is scheduled to be completed in 27 months.

Additionally, L&T has secured an order from a private developer to construct luxury high-rise residential towers in Mumbai.
 

NTPC Solar Projects Achieve Commercial Operations

NTPC has announced that it has started commercial operations for new solar power capacity at its Khavda and Nokh projects.

In Gujarat, NTPC commissioned 243.66 MW of its 1,255 MW Khavda-I solar project on December 17, 2025. The project is being developed by NTPC Renewable Energy Limited through its subsidiary NTPC Green Energy Limited.

NTPC also began commercial operations of 78 MW capacity at the Nokh solar project in Rajasthan, which has a total planned capacity of 735 MW. This part of the project will start supplying power from Thursday.

In addition, NTPC Green Energy Limited announced the start of commercial operations for another 37.93 MW of the 300 MW Khavda solar project in Gujarat, which is part of the 450 MW Hybrid Tranche V project.

With these additions, NTPC Group's total installation and operational power generation capacity has crossed 85,540 MW.

NTPC, which operates under the Ministry of Power, is India's largest power producer and supplies nearly one-fourth of the country's electricity demand through a mix of conventional and renewable energy sources.
 

Titagarh Rail Secures Major Railway Contract

Titagarh Rail Systems Ltd (TRSL) has won an order worth Rs 2.7 bn from Indian Railways to supply and maintain Rail Borne Maintenance Vehicles (RBMVs).

This is the company's first order in the safety and signaling systems segment, marking an important milestone for its business.

As per the contract, Kolkata-based company will design, manufacture, test, and commission the RBMVs. It will also train Indian Railways staff and provide maintenance and breakdown support for the vehicles.

TRSL said this first order is a key step in entering a high-value, technology-focused, and safety-critical area.

RBMVs are special self-powered machines that run on railway tracks and are used to inspect, maintain, and repair railway infrastructure. These vehicles help improve safety and reliability of tracks and overhead equipment across the railway network.

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