Asian equities advanced on Thursday, mirroring Wall Street's gains after the Federal Reserve cut interest rates and Chair Jerome Powell expressed confidence that the US economy will strengthen as the inflationary effects of tariffs ease.

US stock closed higher on Wednesday after the Federal Reserve delivered a widely expected quarter-point rate cut, with investors continuing to bet on further easing even as the central bank signalled a temporary pause.

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

Source: Equitymaster

At present, the BSE Sensex is trading 168 points lower, and the NSE Nifty is trading 31 points lower.

Eternal, Tata Steel, and Adani Ports are among the top gainers today.

Titan Company, Bharti Airtel, and NTPC, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.2% higher, and the BSE Smallcap index is trading 0.1% lower.

Sectoral indices are trading mixed today, with stocks in the auto and metal sectors witnessing buying. Meanwhile, stocks from the oil & gas sector and the power sector witnessed selling pressure.

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

Tata Steel Accelerates Expansion, Secures Iron Ore

Tata Steel's board has approved several major expansion plans as part of its long-term growth strategy in India.

The company will increase capacity at Neelachal Ispat Nigam Ltd by 4.8 million tonnes a year. This will help Tata Steel grow further in long products.

To support the automotive industry, it will set up a new 0.7 mtpa hot-rolling, pickling and galvanizing line at Tarapur in Maharashtra.

Another project will come up at Meeramandali, where Tata Steel plans to add a 2.5 mtpa thin-slab caster and rolling unit to boost its flat steel production. The company aims to reach a total capacity of 40 mtpa by 2030.

To secure raw materials, Tata Steel has signed an MoU with Lloyds Metals & Energy to explore iron ore mining in Maharashtra. It will also buy 50.01% of Thriveni Pellets Pvt. Ltd, which makes iron ore pellets used in steelmaking.

Together with Lloyds, Tata Steel will study the possibility of building a new 6 mtpa steel plant in two phases. The company already meets its entire iron ore requirement from its own mines.

The board has also approved a 1 mtpa demonstration plant in Jamshedpur. This plant will use lower-grade ore, avoid using coke, and recycle steel slag. Tata Steel will now begin engineering and regulatory work for this project.
 

Waaree Energies Achieves Record 1 GW Monthly Output

Waaree Energies Ltd has become the first solar panel maker in India to produce more than 1 gigawatt (GW) of solar modules in just one month. The company achieved this record in November 2025, marking an important milestone for India's solar industry.

Waaree said the achievement was possible because of its fully automated and integrated factories, which run 24/7. The company currently has 19.7 GW manufacturing capacity in India and 2.6 GW in the US, making its total global capacity 22.3 GW.
 

Mazagon Dock, Navy Partner on Scorpene Cooperation

Mazagon Dock Shipbuilders Ltd said that it has signed a memorandum of understanding (MoU) with the Brazilian Navy, along with the Indian Navy, to strengthen cooperation on maintaining Scorpene-class submarines and other naval vessels.

In a regulatory filing, the company said the agreement includes working together on procurement opportunities, sharing expertise in defence manufacturing, and collaborating on research, development, and technological innovation.

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