Asian markets traded mostly lower on Wednesday, following overnight losses on Wall Street.

US stock market ended sharply lower on Tuesday, weighed down by a selloff in technology stocks on worries about AI creating more competition for software makers.

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

Source: Equitymaster

At present, the BSE Sensex is trading 90 points higher, and the NSE Nifty is trading 52 points higher.

M&M, ICICI Bank, and Tata Steel are among the top gainers today.

HCL Tech, Infosys, and TCS, on the other hand, are among the top losers today.

The BSE Midcap index is trading 1.9% higher, and the BSE Smallcap index is trading 2.6% higher.

Sectoral indices are trading mixed today with stocks inthe  IT sector and the realty sector witnessing selling pressure. Meanwhile, stocks in the metal sector and the oil & gas sector witnessed buying.

The rupee is trading at Rs 90 against the US dollar.
 

IRFC Strengthens India's Integrated Transport Financing

Indian Railway Finance Corporation Limited (IRFC), a Navratna public sector company and the financing arm of the Ministry of Railways, has signed a tripartite Memorandum of Understanding (MoU) with V.O. Chidambaranar Port Authority (VOCPA) and Sagarmala Finance Corporation Limited (SMFC).

The agreement aims to jointly explore financing opportunities for large port and multimodal infrastructure projects in India.

Under this partnership, the three entities will work together to structure financing for the Outer Harbour Development Project at V.O. Chidambaranar Port. They will also explore funding options for other port-led and multimodal connectivity projects.

The collaboration combines IRFC's ability to raise long-term funds from capital markets, SMFC's expertise in maritime financing, and VOCPA's port expansion plans under the Sagarmala programme and the PM Gati Shakti National Master Plan.

This partnership reflects IRFC's growing role beyond railway financing, positioning it as an important financier for India's integrated transport infrastructure, aimed at improving logistics efficiency, supporting sustainable growth, and driving long-term economic development.
 

NBCC Order Book Rises with New Projects

NBCC (India) Limited has received new work orders worth approximately Rs 2.71 billion (bn) as part of its regular business activities, the company informed stock exchanges.

The orders include the construction of chapter buildings for the Institute of Cost Accountants of India (ICMAI) in Chandigarh, Ranchi and Baroda, with a total value of Rs 0.0913 bn. NBCC has also been awarded contracts to build a headquarters building at Lodhi Road worth Rs 0.2606 bn and a Centre of Excellence building in Jaipur valued at Rs 0.04 bn.

In addition, the company has secured a large project from the Department of Fisheries, Uttarakhand, involving the construction of the Namami Ganga Aquarium-cum-Discovery Learning Centre at Pashulok, Rishikesh, valued at Rs 2.3213 bn.

Separately, NBCC informed exchanges that it signed an agreement with Kendriya Vidyalaya Sangathan (KVS) on February 2, 2026. Under this agreement, NBCC will provide project management consultancy services for construction, renovation, replacement, and repair works of KVS schools across India. These works will be carried out as deposit work, with project values determined and communicated on a case-by-case basis.
 

Nazara Technologies Q3 FY26 Results

Shares of Nazara Technologies came into focus after the company reported its Q3 FY26 results.

Gaming and sports media company Nazara Technologies saw its revenue from operations drop 24% to Rs 4.06 bn in Q3FY26 from Rs 5.35 bn in Q3FY25. Compared to the previous quarter, revenue fell 42% from Rs 5.26 bn in Q2FY26.

Other income also dropped nearly 50% to Rs 0.113 bn in Q3FY26 from Rs 0.219 bn in Q3FY25. On the positive side, the company reduced its expenses by 24.23% to Rs 4.02 bn from Rs 5.31 bn in the same period last year.

The company reported a 68% decline in consolidated net profit, which fell to Rs 0.098 bn in Q3FY26 from Rs 0.307 bn in Q3FY25. This follows a net loss of Rs 0.293 bn in Q2FY26, caused by the ban on real money gaming in India affecting one of its subsidiaries.

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