Asian markets traded mostly higher on Tuesday after Trump announced steep tariffs on 14 trading partners, including Japan and South Korea.

US stock market ended sharply lower on Monday after President Trump announced hefty tariffs on its trading partners.

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

Source: Equitymaster

At present, the BSE Sensex is trading 90 points higher and NSE Nifty is trading 17 points higher.

Kotak Mahindra, Bharat Elec, and NTPC are among the top gainers today.

Titan Company, M&M, and Trent, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.1% higher and the BSE Smallcap index is trading 0.h2h% higher.

Sectoral indices are trading mixed today, with stocks in the power sector and the oil & gas sector witnessing buying. Meanwhile, stocks in the realty sector and the healthcare sector witness selling pressure.

The rupee is trading at Rs 85.7 against the US dollar.
 

JSW Infra Wins Kolkata Port Contract

On Monday, JSW Infrastructure Limited announced that the Syama Prasad Mookerjee Port Authority (Kolkata Port) had awarded it a letter of award for the reconstruction of Berth 8 and the mechanisation of Berths 7 and 8 at Kolkata's Netaji Subhas Dock.

The project's goal is to increase the port's ability to handle containers. It was granted under the PPP model on a design, construct, finance, operate, and transfer (DBFOT) basis.

With a 30-year concession duration, the project aligns with JSW Infrastructure's plan to diversify its terminal portfolio as part of the government's port privatization program.

With a two-year construction timeline and an estimated capital expenditure of Rs 7.4 billion (bn), the company will also be able to start operations during the construction phase by taking advantage of Kolkata's cargo volumes. It is anticipated that the project will greatly improve operational efficiency and capacity after it is finished.

With a current capacity of 0.2 million TEUs and plans to expand to 0.35 million TEUs, JSW Infrastructure runs the New Mangalore Container Terminal on the west coast. The Kolkata project positions the company as a new player in India's port container industry by increasing its overall container handling capacity to nearly one million TEUs.
 

Kotak Mahindra Bank's Deposits Rise 13%

Kotak Mahindra Bank Reported strong growth in its Q1FY25 business updates, with advances and deposits rising compared to the same period last year, driven by strong performance in retail and corporate bank.

Net advances at the end of Q1 FY26, were 14% to Rs 44,500 bn, higher than Rs 39,000 bn in the same quarter the previous year. Sequentially too, lending activity was up 4.2% compared to Rs 42,700 bn in the March 2025 quarter.

Regarding liabilities, the bank's end-of-period (EOP) total deposits increased to Rs 51,300 bn, which was 2.8% more than Rs 49,900 bn in Q4 FY25 and 14.6% more than Rs 44,700 bn in Q1 FY25.

Broad-based deposit mobilization was evident in the average total deposits of Rs 49,200 billion, which increased 12.9% year-over-year (YoY) and 5% quarter-over-quarter (QoQ).

Growth in the bank's low-cost deposit base was more controlled. Average current and savings account (CASA) deposits increased 2.1% sequentially and 4.2% YoY to Rs 19,200 bn.

Though it was still up 7.9% from the previous year, end-of-period CASA showed a 2.2% QoQ decline, falling to Rs 21,100 bn.

SPML Gets Credit Boost Approval

A leading Indian PSU bank has approved enhanced credit facilities totalling Rs 2.1 bn according to infrastructure development company SPML Infra Limited. The approved facility is anticipated to improve the company's project execution and bidding skills and has a sizable bank guarantee (BG) limit.

The non-fund-based credit facility will help SPML Infra fulfil important contractual commitments related to its EPC (engineering, procurement, and construction) and infrastructure projects. Additionally, it will make it easier to issue bid securities, performance guarantees, and advance payment guarantees.

More than 700 projects in the water, power, environment, and technology sectors have been completed by SPML Infra. These projects include power transmission, wastewater management, smart city infrastructure, rural electrification, and water supply schemes.

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