Asian equities slipped at the open on Tuesday as investors trimmed risk ahead of key US economic data that could offer fresh signals on the direction of interest rates.

US stocks declined on Monday as the ongoing selloff in technology shares weighed on major indices and investors prepared for a packed week of economic data.

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

Source: Equitymaster

At present, the BSE Sensex is trading 364 points lower, and the NSE Nifty is trading 103 points lower.

Bharti Airtel, Asian Paints, and Titan Company are among the top gainers today.

Eternal, Axis Bank, and HCL Tech, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.4% lower, and the BSE Smallcap index is trading 0.4% lower.

Barring the IT sector, all other sectoral indices are trading positively today, with stocks in the realty and metal sectors witnessing buying.

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

HCLTech Strengthens Digital Transformation Alliance

HCL Technologies said that it has expanded its digital transformation partnership with Aurobay Technologies, a part of Horse Powertrain.

Under this expanded partnership, HCLTech will support Aurobay's global growth plans by helping improve its manufacturing and engineering operations.

HCLTech will act as Aurobay's strategic technology partner, managing and optimizing SAP systems, Siemens Teamcenter PLM software, and system integration services in Sweden and China.

The company said this partnership shows its growing presence in the European automotive sector, especially in SAP-related projects. It also strengthens HCLTech's role as a key technology partner for mobility companies, helping them improve performance, speed up innovation, and make better use of digital platforms through its AI Force technology.

The work will cover important business areas such as SAP operations, engineering systems, integration services, and mainframe systems. This will help Aurobay run its operations more smoothly, efficiently, and at scale across different countries.
 

Texmaco Rail Secures Major Leasing Deal

Texmaco Rail & Engineering Limited has announced that it has won a new contract through its joint venture. The order has been awarded by Touax Texmaco Railcar Leasing Private Limited.

The total order value is Rs 1.3 billion (bn), excluding taxes. The contract is for the supply of specialised railway wagons.

Under the order, Texmaco will supply rakes of BLSS wagons, which include both BLSS and BVCM wagon types, for use in domestic railway operations.

Touax Texmaco Railcar Leasing is a joint venture company in which Texmaco Rail & Engineering Limited is one of the promoters. The wagons will be manufactured and delivered in phases, with the full execution expected to be completed by July 2026.
 

ION Exchange Bags Major Water Treatment Orders

ION Exchange (India) Ltd said that it has won new contracts worth around Rs 2.05 bn from Rayzon Energy and INOX Solar.

The Rs 0.95 bn order from Rayzon Energy is for setting up water treatment systems at its 5.1 GW solar manufacturing project near Surat, Gujarat. This includes ultra-pure water systems, effluent treatment plants, and zero liquid discharge facilities.

In addition, INOX Solar has awarded ION Exchange a contract worth about Rs 1.1 bn. This order is for building ultra-pure water generation, wastewater treatment, and zero liquid discharge systems for a solar cell manufacturing plant in Odisha.

Both contracts have been awarded by Indian companies. The Rayzon Energy project is expected to be completed within nine months, while the INOX Solar project is scheduled for completion within ten months from the date of order, according to the company's regulatory filing.

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