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Asian share markets opened mostly lower today after a mixed close on Wall Street as lingering recession fears caused a rout on European bourses.

The Nikkei fell by 1.4% while the Hang Seng plunged by 0.9%. The Shanghai Composite is down 0.7%.

US share markets settled mixed. Major stock indexes shook off an early slump and ended with meager gains on Wall Street Tuesday as worries about the economy continue to weigh on markets.

Crude oil prices are falling, bringing the price of US crude back below US$100 a barrel for the first time since early May. Tech stocks staged a turnaround and ended higher.

The Dow Jones was down 0.4% while the tech-heavy Nasdaq was higher by 1.7%.

Back home, Indian share markets are trading on a positive note.

Benchmark indices opened on a positive note tracking the trend on SGX Nifty and extended gains as the session progressed.

At present, the BSE Sensex is trading higher by 284 points. Meanwhile, the NSE Nifty is trading higher by 76 points.

Bajaj Finance and Asian Paints are among the top gainers today.

Tata Steel and NTPC are among the top losers today.

Broader markets are also trading on a positive note. The BSE Mid Cap index is up 0.5%. The BSE Small Cap index is trading higher by 0.2%.

Sectoral indices are trading mixed. Stocks in the metal and energy sector witness selling.

In the commodity markets, gold prices rise higher. Today, prices are up by Rs 862, trading at Rs 52,164 per 10 grams.

Meanwhile, silver prices are trading higher at Rs 58,238 per kg.

The Crypto market rebounded sharply today as major crypto tokens were trading higher.

Many crypto exchanges have paused bitcoin withdrawals which lead to a sharp fall in the entire crypto market.

Speaking of stock markets, Tata Power has proved that if there is any kind of change in the industry it will be the first one to embrace it. Its 15,000 EV charging stations are proof that it will embrace and capitalize on developments.

This holds true for any company of the Tata group. Tata Group companies have always looked for new opportunities be an existing field or a completely new industry.

In news from the IT sector, Tata Consultancy Services (TCS) wins another big mandate.

TCS is selected by Outokumpu, a global sustainable stainless steel manufacturer, to transform its IT landscape with an agile and secure cloud-based digital core to reduce its carbon footprint and support its strategic aspirations.

Headquartered in Finland and operating in more than 30 countries with around 9,000 employees, Outokumpu has entered into a multi-year strategic partnership with TCS to build a next-generation hybrid cloud platform.

Stefan Erdmann, Chief Technology Officer, Outokumpu, said,

"TCS' deep and contextual understanding of the steel industry and cloud-first approach enables us to improve our productivity and profitability as well as achieve our sustainability targets,"

TCS will support Outokumpu in building a new digital core using technologies such as cloud, data analytics, and Artificial Intelligence (AI).

It will transform and migrate the steel-maker's mission-critical manufacturing operations systems and core SAP systems to a new hybrid cloud architecture using Azure.

Additionally, TCS will deploy new digital end-user services that will cater to the differentiated needs of Outokumpu's business units while reducing its carbon footprint.

Following the news, the share price is finally trading on a positive note today.

Note that all tech stocks took a fall in 2022 and TCS was no exception to that. However, TCS still continues to be one of the favorite stocks of investors because of the performance it has delivered since its listing.

Take a look at the chart below to see why TCS still makes it to investors' portfolio.

Further in the news from the power sector, the National Thermal Power Company (NTPC) reported an increase in coal production.

NTPC's output grew by 61% to Rs 42.4 lakh metric tonnes (MT) in the April-June quarter from 26.4 lakh MT in the same period a year ago.

The three operational coal mines -- Pakri-Barwadih (Jharkhand), Dulanga (Odisha), and Talaipalli (Chhattisgarh) -- have contributed to achieving this increased production.

The production of coal during the month of June 2022 almost doubled to 15.5 lakh MT from 7.73 lakh MT in the same month a year ago.

Along with this coal production, the NTPC has also contributed to the removal of 106 lakh cubic meters and coal despatch of 41.74 lakh MT to NTPC power plants, in this quarter.

NTPC said that it has also started mining operations in its Chatti-Bariatu coal mine (Jharkhand) and has already touched coal in May this year.

The coal from this mine will be supplied to the Barh Power Station of NTPC. NTPC was was awarded the operation contract for Talaipalli (West Pit) (Chhattisgarh) on 30 June 2022 and the mining operation in this pit will commence soon.

The coal mining headquarters in Ranchi has developed and procured safety reflective jackets with LED lights through the MSME vendor in June 2022 to ensure improved visibility for personnel deployed in mines and sidings during night hours.

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