Asian shares slipped on Tuesday as traders grew increasingly uneasy about how aggressively the Federal Reserve may ease policy after this week's widely expected rate cut.

Wall Street's major indexes ended lower on Monday, with most S&P 500 sectors slipping into the red, while Treasury yields climbed as investors braced for the Federal Reserve's monetary policy decision due in two days.

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

Source: Equitymaster

At present, the BSE Sensex is trading 665 points lower, and the NSE Nifty is trading 213 points lower.

Bharti Airtel, HUL are among the top gainers today.

Asian Paints, Trent, and M&M, on the other hand, are among the top losers today.

The BSE Midcap index is trading 1.2% lower, and the BSE Smallcap index is trading 1.3% lower.

Sectoral indices are trading negatively today, with stocks in the power and IT sectors witnessing selling pressure.

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

Siemens Approves Motors Business Slump Sale

Siemens Ltd said that its board has approved the sale of its low-voltage motors and geared motors business to Innomotics India Private Limited. Innomotics India is a subsidiary of Innomotics GmbH.

Siemens will sell this business for Rs 22 billion (bn) in cash. The deal is based on a cash-free, debt-free valuation and can change slightly based on agreed adjustments.

This decision was made after recommendations from the Committee of Directors and the Audit Committee. The sale will only be completed after getting required approvals, including from the Competition Commission of India, if needed.

The deal is expected to be completed between June 2026 and about 6-8 months from now.

The business sells designs and sells low-voltage AC motors and geared motors. This includes several motor models (1LE7, 1SE0, 1LA2, 1PQ0, 1LA8, 1PQ8, 1MB7, and customized products 1PT0 and 1PC7). It also provides related services and spare parts.

The sale price was decided after negotiations and based on two independent valuation reports by Grant Thornton Bharat LLP and KPMG Valuation Services LLP.
 

L&T Consolidates Realty Under L&T Realty

Larsen & Toubro (L&T) has decided to transfer its Realty Business Undertaking to its wholly owned subsidiary, L&T Realty Properties, through a slump sale as part of a planned restructuring.

This marks the start of L&T's broader plan to bring all its real estate assets and operations under one company, L&T Realty.

The goal is to create a single, stronger real estate entity that can benefit from India's growing property market.

According to L&T's chairman and managing director, S N Subrahmanyan, L&T Realty should function as an independent business with the ability to grow its land bank, add new projects, and attract regular capital.

He also said that merging the Realty BU with L&T Realty will set the groundwork for the subsidiary to become one of India's most respected and in-demand real estate developers within the next five years.

The long-term strategy includes expanding in major cities, maintaining a premium and luxury positioning, acquiring land carefully, forming strong project partnerships, and managing market cycles with discipline.
 

Torrent Power Secures LNG Supply from Japan

Torrent Power has signed a long-term Sale and Purchase Agreement with JERA, Japan's largest power producer and a major global player in the LNG market. Under this deal, Torrent will receive up to 0.27 MMTPA of LNG for ten years, starting in 2027.

Torrent plans to use this LNG for multiple purposes. It will help run the company's 2,730 MW gas-based power plants, which are important for meeting India's rising electricity demand, supporting peak power needs, and balancing renewable energy.

The LNG supply will also support Torrent Gas, the group's city gas distribution business, by ensuring steady availability of gas for homes, businesses, industries, and CNG vehicles.

This agreement is a strategic step for Torrent. It strengthens the company's clean energy plans, secures competitively priced LNG for long-term needs, and aligns with India's target of increasing natural gas to about 15% of the national energy mix by 2030.

It also contributes to improving India's overall energy security.

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