Stocks in Asia traded within a narrow range after Donald Trump’s tariff plan caused turbulence in emerging markets during the previous session.The MSCI Asia Pacific Index rose by 0.1%, with equities increasing in Sydney, while experiencing declines in Tokyo and Seoul.US stocks reached record highs on Tuesday, despite Donald Trump’s recent comments about tariffs causing only minor reactions on Wall Street.Here’s a table showing how US stocks performed on Tuesday:
Data Source: EquitymasterAt present, the BSE Sensex is trading 57 points lower and NSE Nifty is trading 16 points lower.Coal India, M&M, and Adani Ports are among the top gainers today.Cipla, Axis Ban,k and Bharti Airtel other hand are among the top losers today.The BSE Midcap index is trading 0.3% lower and the BSE Smallcap index is trading 0.2% higher.Sectoral indices are trading mixed today with stocks in the power sector and capital goods sector witnessing most buying.Meanwhile, stocks in the realty sector, FMCG sector and energy sector witnessing selling pressure.The rupee is trading at Rs 84.43 against the US dollar.In commodity markets, gold prices are trading 0.6% higher at Rs 76,464 per 10 grams today.
NTPC Green Energy Shares DebutShares of NTPC Green, whose initial public offering (IPO) opened for public subscription on 19 November and closed on 22 November, are likely to be listed on Wednesday, 27 November.The shares were allocated on 25 November. Investors receive shares on a lottery basis, and the entire process is supervised by the registrar. On the allotment date, investors are informed about the number of shares allotted to them in relation to the bids they made.
Infosys to Give 90% Bonus PayoutsIndia’s second-largest IT services player, Infosys, will be giving out 90 percent of performance bonuses to eligible employees for the second quarter (Q2) of FY25.These bonuses are applicable to employees at the mid to junior levels, which comprise the bulk of the firm’s workforce. While the average performance bonus payout is 90 percent, the percentage will differ based on individual performance.A source in the know said that the payouts will be part of November’s salary.A 90% bonus is good news for employees and the street, as it signals that the company’s performance has matched its internal parameters.Infosys has also revised its full-year guidance post-Q2 results to a range of 3.8% to 4.5%, up from the previous 3% to 4%, as it saw an improvement in discretionary spending.The Q2 bonus is also higher than the firm’s Q1 FY25 bonus, which was around 80%, and significantly higher than the 60% bonus in Q4 FY24.
Vedanta Eyes Copper Project InvestmentsMining major Vedanta Ltd is looking to invest US$ 2 billion (bn) in significant copper projects in Saudi Arabia.Vedanta Copper International, a wholly owned subsidiary of Vedanta Ltd, signed a pact with the Ministry of Investment and Ministry of Industries & Mineral Resources of the Kingdom of Saudi Arabia to set up a 400 kilo-tonne per annum (KTPA) greenfield copper smelter and refinery and a 300 kilo-tonne per annum (KTPA) copper rod project.Vedanta plans to start its operations in Saudi with a 125 kilo-tonne per annum copper rod mill project, which needs an investment of US$ 30 million (m).The land and technology needed for the project have been acquired; work on the project site is expected to begin shortly. According to the agency, commercial production of this project is likely to start in full swing by the fourth quarter of the financial year 2026.Saudi Arabia’s copper demand is at 365 kilo-tonne per annum, which is expected to double by 2035. The demand is currently fulfilled by importing copper from other countries.The mining major’s projects include a copper smelter and refinery project, along with the copper rod project, which is poised to be set up in Ras Al Khair Industrial City in Saudi Arabia.
Wipro Secures Contract Extension
Wipro has today announced the extension of its work with Marelli, a global leader in automotive solutions, for an additional four years.As part of this engagement, Wipro FullStride Cloud will migrate Marelli’s Milan Data Centre and all their local server rooms to the Cloud to centralize their operations and provide a more agile and stable ecosystem.This transition to a more flexible and advanced cloud environment will empower Marelli to respond quickly to market changes, enable continuous innovation across their business, and strengthen their competitive edge. Ultimately, the project will help reduce the time-to-market for Marelli’s products and services, creating long-term value for all stakeholders, and continuing to advance Marelli’s journey towards modernization and growth.The project will also enhance employee support services with AI-powered virtual assistants.More By This Author:Sensex Today Ends 105 Points Lower; Nifty Below 24,200Sensex Today Trades Higher; Nifty Above 24,300; VI Rallies 10%Sensex Today Rallies 993 Points; Nifty Above 24,200
