Asian markets traded mostly higher as investors assessed inflation data from India and Japan.

Japan's Nikkei 225 rose 0.7%, while the Topix gained 0.6%.

The US stock market ended mixed on Monday as investors awaited key inflation readings and earnings later this week.

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

Data Source: Equitymaster

At present, the BSE Sensex is trading 59 points higher and NSE Nifty is trading 22 points higher.

Hindalco, JSW Steel, and Hero MotoCorp are among the top gainers today.

Cipla, Asian Paints, and Adani Ports the other hand are among the top losers today.

Broader markets are trading on a positive note. The BSE Midcap index is trading 0.1% higher and the BSE Small Cap index is trading 0.3% higher.

Barring the healthcare sector and FMCG sector, all other sectoral indices are trading on a positive note, with stocks in the telecom sector, realty sector, and metal sector witnessing selling pressure.

The rupee is trading at Rs 83.51 against the US dollar.

In commodity markets, gold prices are trading 0.2% higher at Rs 71,986 per 10 grams today.
 

RVNL's New Order Win

State-run Rail Vikas Nigam Ltd (RVNL) on Monday (13 May) said it has clinched a contract from Southern Railway for Rs 2.4 bn.

The letter of acceptance (LoA) received by RVNL outlines the provision of an automatic block signaling system spanning the Jolarpettai and Erode junctions within the Salem division of Southern Railway. The timeline for execution is set at 12 months.

The ABS controls and manages train movements automatically using stop signals that are operated by trains passing the signals. It is designed to allow trains traveling in the same direction to follow each other safely without the risk of rear-end collisions.

Rail Vikas Nigam (RVNL) is a government entity formed to bridge the infrastructure deficit in Indian Railways.

The company undertakes a full cycle of project development from conceptualization to commissioning of railway projects.

Cochin Shipyard Secures New Order

State-run Cochin Shipyard Ltd (CSL) on Monday (13 May) said it has secured a large order from a European client for hybrid service operation vessels (SOVs). A large order's value is classified between Rs 5-10 bn, as per the company's release.

The hybrid SOVs, equipped with innovative hybrid battery systems, are poised to set new standards in energy efficiency while significantly reducing the carbon footprint.

The vessel is designed and built for the service, maintenance, and operational needs of the offshore wind farm industry in the European market where sustainable energy solutions are in high demand. The project is expected to be completed by the end of 2026.

Cochin Shipyard is India's first greenfield shipbuilding yard and the only shipyard with a shipbuilding capacity of 110 thousand deadweight tons (DWT) and a repairing capacity of 125 thousand DWT.

It has a wide product portfolio, including tankers, product carriers, bulk carriers, passenger vessels, and air defense ships, through which it serves its reputed clientele.
 

Hero Moto Corp Joins ONDC Network

Hero MotoCorp on 13 May joined the ONDC network, becoming the country's first auto company to join the network. Partnering with ONDC will further enhance the reach and convenience, providing an easily accessible digital mode to customers.

The Open Network will initially offer two-wheeler parts, accessories, and merchandise. Customers can easily discover Hero Genuine Parts by using any buyer apps on the Network, such as Paytm and Mystore, among others.

By improving reach and creating a fair and efficient environment for Hero MotoCorp's channel partners, this integration speeds up order processing by enabling hyperlocal deliveries backed by Hero MotoCorp's extensive physical distribution.

As Hero MotoCorp onboards onto the network, it further strengthens the Digital India mission, helping drive the country's digital transformation and economic growth while revolutionizing the digital automotive marketplace.

With a shared commitment to innovation, transparency, and accessibility, Hero MotoCorp with ONDC Network is all set to deliver a renewed purchasing experience to its over 115 million customers.

More By This Author: